Traders Buy High Volume of CareTrust REIT Call Options (NYSE:CTRE)

CareTrust REIT, Inc. (NYSE:CTRE) was the target of some unusual options trading on Tuesday. Investors purchased 3,705 call options on the stock. This represents an increase of approximately 3,238% compared to the average daily volume of 111 call options.

Wall Street Analyst Weigh In

Several analysts recently commented on CTRE shares. Royal Bank Of Canada cut CareTrust REIT from an “outperform” rating to a “sector perform” rating and dropped their price target for the stock from $44.00 to $43.00 in a research report on Friday, August 14th. KeyCorp restated an “overweight” rating and issued a $46.00 target price on shares of CareTrust REIT in a report on Friday, May 29th. Cantor Fitzgerald boosted their price target on CareTrust REIT from $42.00 to $43.00 and gave the stock a “neutral” rating in a research note on Monday, August 10th. BMO Capital Markets raised their target price on shares of CareTrust REIT from $46.00 to $47.00 and gave the company an “outperform” rating in a research note on Monday, June 15th. Finally, Citigroup restated a “market outperform” rating on shares of CareTrust REIT in a report on Wednesday, June 10th. One investment analyst has rated the stock with a Strong Buy rating, ten have issued a Buy rating and three have assigned a Hold rating to the company’s stock. According to MarketBeat, CareTrust REIT currently has an average rating of “Moderate Buy” and a consensus price target of $44.50.

CareTrust REIT Price Performance

CTRE stock traded up $0.48 during mid-day trading on Tuesday, reaching $38.59. 1,570,223 shares of the company traded hands, compared to its average volume of 2,527,758. The company has a debt-to-equity ratio of 0.27, a current ratio of 0.57 and a quick ratio of 0.57. The company has a market capitalization of $9.12 billion, a P/E ratio of 24.29, a P/E/G ratio of 1.53 and a beta of 0.76. The company has a fifty day moving average price of $40.46 and a 200-day moving average price of $39.71. CareTrust REIT has a 52-week low of $32.79 and a 52-week high of $43.62.

CareTrust REIT (NYSE:CTRE) last posted its quarterly earnings data 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 during 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, analysts anticipate that CareTrust REIT will post 2.04 earnings per share for the current year.

Institutional Trading of CareTrust REIT

Large investors have recently bought and sold shares of the business. BlackRock Inc. acquired a new position in shares of CareTrust REIT in the 2nd quarter worth approximately $1,643,290,000. Geode Capital Management LLC grew its position in CareTrust REIT by 7.2% during the fourth quarter. Geode Capital Management LLC now owns 6,092,398 shares of the company’s stock valued at $220,332,000 after acquiring an additional 409,411 shares during the last quarter. Deutsche Bank AG bought a new position in CareTrust REIT during the 2nd quarter valued at approximately $143,963,000. Dimensional Fund Advisors LP boosted its stake in CareTrust REIT by 1.9% during the first quarter. Dimensional Fund Advisors LP now owns 3,333,252 shares of the company’s stock worth $122,164,000 after acquiring an additional 61,417 shares in the last quarter. Finally, Norges Bank bought a new position in CareTrust REIT during the 4th quarter valued at about $114,810,000. Institutional investors and hedge funds own 87.77% of the company’s stock.

CareTrust REIT Company Profile

CareTrust REIT, Inc is a healthcare-focused real estate investment trust that owns and manages a portfolio of healthcare-related properties across the United States. The company primarily invests in properties that are leased to healthcare operators under long-term, typically triple-net lease agreements.

CareTrust’s portfolio includes skilled nursing facilities, assisted living facilities, independent living communities, memory care properties and other healthcare-related real estate. Its tenants are responsible for operating the facilities and generally cover property-level expenses such as taxes, insurance and maintenance under the terms of the leases.

CareTrust was established in 2014 through a separation from The Ensign Group, a healthcare services company.