Mitsubishi UFJ Asset Management Co. Ltd. Takes Position in CareTrust REIT, Inc. $CTRE

Mitsubishi UFJ Asset Management Co. Ltd. bought a new position in CareTrust REIT, Inc. (NYSE:CTRE) during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm bought 202,342 shares of the company’s stock, valued at approximately $8,164,000. Mitsubishi UFJ Asset Management Co. Ltd. owned 0.09% of CareTrust REIT at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Royal Bank of Canada raised its holdings in shares of CareTrust REIT by 36.4% in the 1st quarter. Royal Bank of Canada now owns 179,501 shares of the company’s stock worth $5,129,000 after purchasing an additional 47,936 shares during the period. NewEdge Advisors LLC lifted its stake in shares of CareTrust REIT by 11.3% in the 1st quarter. NewEdge Advisors LLC now owns 33,628 shares of the company’s stock valued at $961,000 after purchasing an additional 3,408 shares in the last quarter. EverSource Wealth Advisors LLC lifted its stake in shares of CareTrust REIT by 134.2% in the 2nd quarter. EverSource Wealth Advisors LLC now owns 1,124 shares of the company’s stock valued at $34,000 after purchasing an additional 644 shares in the last quarter. First Trust Advisors LP grew its holdings in shares of CareTrust REIT by 67.6% during the 2nd quarter. First Trust Advisors LP now owns 245,154 shares of the company’s stock worth $7,502,000 after purchasing an additional 98,850 shares during the period. Finally, Cerity Partners LLC grew its holdings in shares of CareTrust REIT by 310.1% during the 2nd quarter. Cerity Partners LLC now owns 36,640 shares of the company’s stock worth $1,121,000 after purchasing an additional 27,706 shares during the period. Institutional investors and hedge funds own 87.77% of the company’s stock.

CareTrust REIT Trading Down 0.1%

CTRE opened at $39.71 on Friday. The firm has a market capitalization of $9.38 billion, a P/E ratio of 24.97, a P/E/G ratio of 1.57 and a beta of 0.75. The firm’s 50 day moving average is $40.44 and its 200-day moving average is $39.70. CareTrust REIT, Inc. has a 52-week low of $32.79 and a 52-week high of $43.62. The company has a quick ratio of 0.57, a current ratio of 0.57 and a debt-to-equity ratio of 0.27.

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

CareTrust REIT Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, July 15th. Shareholders of record on Tuesday, June 30th were issued a $0.39 dividend. The ex-dividend date was Tuesday, June 30th. This represents a $1.56 dividend on an annualized basis and a yield of 3.9%. CareTrust REIT’s payout ratio is currently 98.11%.

Wall Street Analysts Forecast Growth

Several research analysts recently commented on CTRE shares. Zacks Research upgraded shares of CareTrust REIT from a “strong sell” rating to a “hold” rating in a report on Monday, May 25th. Wells Fargo & Company boosted their price objective on shares of CareTrust REIT from $42.00 to $47.00 and gave the stock an “overweight” rating in a research note on Monday, June 1st. BMO Capital Markets increased 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. Cantor Fitzgerald raised their target price on shares of CareTrust REIT from $42.00 to $43.00 and gave the company a “neutral” rating in a research note on Monday, August 10th. Finally, Citigroup reissued a “market outperform” rating on shares of CareTrust REIT in a research note on Wednesday, June 10th. Two research analysts have rated the stock with a Strong Buy rating, eight have issued a Buy rating and three have assigned a Hold rating to the stock. According to data from MarketBeat.com, CareTrust REIT presently has an average rating of “Moderate Buy” and an average target price of $44.82.

CareTrust REIT Profile

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.