CareTrust REIT, Inc. $CTRE Shares Acquired by Yousif Capital Management LLC

Yousif Capital Management LLC grew its position in CareTrust REIT, Inc. (NASDAQ:CTRE) by 3.3% during the second quarter, Holdings Channel.com reports. The firm owned 72,119 shares of the real estate investment trust’s stock after acquiring an additional 2,299 shares during the period. Yousif Capital Management LLC’s holdings in CareTrust REIT were worth $2,207,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also modified their holdings of the company. Parallel Advisors LLC raised its holdings in shares of CareTrust REIT by 109.5% in the 2nd quarter. Parallel Advisors LLC now owns 1,100 shares of the real estate investment trust’s stock valued at $34,000 after purchasing an additional 575 shares in the last quarter. Fifth Third Bancorp raised its stake in CareTrust REIT by 217.5% during the 1st quarter. Fifth Third Bancorp now owns 1,978 shares of the real estate investment trust’s stock worth $57,000 after acquiring an additional 1,355 shares in the last quarter. Twin Tree Management LP acquired a new stake in CareTrust REIT during the 1st quarter worth $58,000. CWM LLC raised its stake in CareTrust REIT by 47.6% during the 2nd quarter. CWM LLC now owns 2,955 shares of the real estate investment trust’s stock worth $90,000 after acquiring an additional 953 shares in the last quarter. Finally, GF Fund Management CO. LTD. raised its stake in CareTrust REIT by 26.6% during the 1st quarter. GF Fund Management CO. LTD. now owns 3,548 shares of the real estate investment trust’s stock worth $101,000 after acquiring an additional 746 shares in the last quarter. 87.77% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

CTRE has been the topic of several research analyst reports. Royal Bank Of Canada reiterated an “outperform” rating on shares of CareTrust REIT in a research note on Monday, August 11th. KeyCorp lifted their price target on shares of CareTrust REIT from $33.00 to $36.00 and gave the stock an “overweight” rating in a research note on Thursday, August 14th. Cantor Fitzgerald initiated coverage on shares of CareTrust REIT in a research note on Wednesday, October 1st. They set a “neutral” rating and a $37.00 price target on the stock. Wells Fargo & Company lifted their price target on shares of CareTrust REIT from $32.00 to $38.00 and gave the stock an “overweight” rating in a research note on Wednesday, August 27th. Finally, Raymond James Financial set a $39.00 price target on shares of CareTrust REIT and gave the stock a “strong-buy” rating in a research note on Tuesday, September 2nd. One investment analyst has rated the stock with a Strong Buy rating, four have issued a Buy rating, two have issued a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat, CareTrust REIT presently has a consensus rating of “Moderate Buy” and an average price target of $33.88.

CareTrust REIT Trading Up 2.3%

Shares of CareTrust REIT stock opened at $34.55 on Friday. CareTrust REIT, Inc. has a 1 year low of $24.79 and a 1 year high of $35.68. The company has a debt-to-equity ratio of 0.14, a quick ratio of 3.82 and a current ratio of 3.82. The company has a market capitalization of $7.54 billion, a P/E ratio of 43.74, a PEG ratio of 1.25 and a beta of 0.82. The company’s fifty day moving average is $34.14 and its two-hundred day moving average is $31.15.

CareTrust REIT Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, October 15th. Shareholders of record on Tuesday, September 30th were given a dividend of $0.335 per share. This represents a $1.34 annualized dividend and a yield of 3.9%. The ex-dividend date of this dividend was Tuesday, September 30th. CareTrust REIT’s dividend payout ratio (DPR) is presently 111.67%.

CareTrust REIT Company Profile

CareTrust REIT, Inc’s (CareTrust REIT or the Company) primary business consists of acquiring, financing, developing and owning real property to be leased to third-party tenants in the healthcare sector. As of March 31, 2024, the Company owned directly or through a joint venture and leased to independent operators, 228 skilled nursing facilities (SNFs), multi-service campuses, assisted living facilities (ALFs) and independent living facilities (ILFs) consisting of 24,189 operational beds and units located in 29 states with the highest concentration of properties by rental income located in California and Texas.