Legal & General Group Plc Takes Position in CareTrust REIT, Inc. $CTRE

Legal & General Group Plc purchased a new stake in CareTrust REIT, Inc. (NYSE:CTRE) in the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm purchased 1,161,477 shares of the company’s stock, valued at approximately $46,866,000. Legal & General Group Plc owned 0.49% of CareTrust REIT as of its most recent SEC filing.

Other institutional investors have also recently bought and sold shares of the company. Royal Bank of Canada raised its holdings in CareTrust REIT by 36.4% during the 1st quarter. Royal Bank of Canada now owns 179,501 shares of the company’s stock worth $5,129,000 after buying an additional 47,936 shares during the period. NewEdge Advisors LLC lifted its stake in CareTrust REIT by 11.3% during the first quarter. NewEdge Advisors LLC now owns 33,628 shares of the company’s stock valued at $961,000 after buying an additional 3,408 shares in the last quarter. EverSource Wealth Advisors LLC lifted its stake in CareTrust REIT by 134.2% during the second quarter. EverSource Wealth Advisors LLC now owns 1,124 shares of the company’s stock valued at $34,000 after buying an additional 644 shares in the last quarter. First Trust Advisors LP boosted its holdings in shares of CareTrust REIT by 67.6% in the second quarter. First Trust Advisors LP now owns 245,154 shares of the company’s stock worth $7,502,000 after buying an additional 98,850 shares during the period. Finally, Cerity Partners LLC boosted its holdings in shares of CareTrust REIT by 310.1% in the second quarter. Cerity Partners LLC now owns 36,640 shares of the company’s stock worth $1,121,000 after buying an additional 27,706 shares during the period. Hedge funds and other institutional investors own 87.77% of the company’s stock.

CareTrust REIT Trading Down 0.9%

NYSE:CTRE opened at $39.02 on Friday. The company has a debt-to-equity ratio of 0.27, a current ratio of 0.57 and a quick ratio of 0.57. CareTrust REIT, Inc. has a fifty-two week low of $32.79 and a fifty-two week high of $43.62. The stock’s 50-day moving average is $40.71 and its two-hundred day moving average is $39.77. The stock has a market cap of $9.22 billion, a PE ratio of 24.54, a price-to-earnings-growth ratio of 1.55 and a beta of 0.75.

CareTrust REIT (NYSE:CTRE) last issued its earnings results on Thursday, August 6th. The company reported $0.51 earnings per share for the quarter, meeting analysts’ consensus estimates of $0.51. The company had revenue of $161.35 million for the quarter. CareTrust REIT had a return on equity of 8.52% and a net margin of 62.19%.CareTrust REIT has set its FY 2026 guidance at 2.030-2.060 EPS. As a group, equities research analysts forecast that CareTrust REIT, Inc. will post 2.05 earnings per share for the current fiscal year.

CareTrust REIT Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, July 15th. Shareholders of record on Tuesday, June 30th were paid a $0.39 dividend. This represents a $1.56 annualized dividend and a yield of 4.0%. The ex-dividend date was Tuesday, June 30th. CareTrust REIT’s dividend payout ratio is currently 98.11%.

Analyst Ratings Changes

Several research firms have recently weighed in on CTRE. Wells Fargo & Company lifted their target price on shares of CareTrust REIT from $42.00 to $47.00 and gave the stock an “overweight” rating in a research report on Monday, June 1st. Zacks Research upgraded shares of CareTrust REIT from a “strong sell” rating to a “hold” rating in a research report on Monday, May 25th. Weiss Ratings lowered shares of CareTrust REIT from a “buy (a-)” rating to a “buy (b+)” rating in a research note on Friday, August 21st. BMO Capital Markets lifted their price objective on shares of CareTrust REIT from $46.00 to $47.00 and gave the stock an “outperform” rating in a research report on Monday, June 15th. Finally, Citigroup reissued a “market outperform” rating on shares of CareTrust REIT in a research note on Wednesday, June 10th. One investment analyst has rated the stock with a Strong Buy rating, nine have given a Buy rating and three have given a Hold rating to the stock. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average price target of $44.82.

About CareTrust REIT

CareTrust REIT, Inc is a real estate investment trust based in Deerfield Beach, Florida, specializing in the ownership, acquisition and management of net-leased healthcare properties. The company primarily focuses on seniors housing and post-acute care facilities, entering into long-term, triple-net lease agreements with leading operators in the skilled nursing, assisted living, memory care, inpatient rehabilitation and specialty hospital sectors. Through its portfolio, CareTrust REIT aims to provide investors with stable and predictable rental income while supporting the ongoing demand for quality healthcare real estate across the United States.

Since its initial public offering in September 2013, CareTrust REIT has pursued a disciplined acquisition strategy, targeting properties in primary and select secondary markets.