Landscape Capital Management L.L.C. Invests $982,000 in CareTrust REIT, Inc. $CTRE

Landscape Capital Management L.L.C. purchased a new stake in shares of CareTrust REIT, Inc. (NYSE:CTRE) in the 2nd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm purchased 24,343 shares of the company’s stock, valued at approximately $982,000.

Other large investors have also recently modified their holdings of the company. D.A. Davidson & CO. grew its position in CareTrust REIT by 0.7% during the 4th quarter. D.A. Davidson & CO. now owns 40,781 shares of the company’s stock valued at $1,475,000 after purchasing an additional 282 shares during the last quarter. Swiss Life Asset Management Ltd increased its stake in CareTrust REIT by 2.9% during the 4th quarter. Swiss Life Asset Management Ltd now owns 10,309 shares of the company’s stock valued at $373,000 after purchasing an additional 291 shares in the last quarter. Kestra Private Wealth Services LLC raised its holdings in CareTrust REIT by 1.1% in the first quarter. Kestra Private Wealth Services LLC now owns 27,684 shares of the company’s stock worth $1,015,000 after buying an additional 297 shares during the last quarter. Tocqueville Asset Management L.P. raised its holdings in CareTrust REIT by 2.8% in the third quarter. Tocqueville Asset Management L.P. now owns 10,900 shares of the company’s stock worth $378,000 after buying an additional 300 shares during the last quarter. Finally, UMB Bank n.a. lifted its stake in shares of CareTrust REIT by 25.3% in the fourth quarter. UMB Bank n.a. now owns 1,525 shares of the company’s stock worth $55,000 after buying an additional 308 shares in the last quarter. Hedge funds and other institutional investors own 87.77% of the company’s stock.

CareTrust REIT Stock Up 0.3%

CTRE stock opened at $39.71 on Monday. The company has a market cap of $9.38 billion, a price-to-earnings ratio of 24.97, a P/E/G ratio of 1.56 and a beta of 0.75. The company has a debt-to-equity ratio of 0.27, a quick ratio of 0.57 and a current ratio of 0.57. The business’s 50-day moving average is $40.44 and its two-hundred day moving average is $39.72. CareTrust REIT, Inc. has a fifty-two week low of $32.79 and a fifty-two week high of $43.62.

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

CareTrust REIT Dividend Announcement

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

Analyst Upgrades and Downgrades

Several equities research analysts recently weighed in on CTRE shares. BMO Capital Markets raised their price target on shares of CareTrust REIT from $46.00 to $47.00 and gave the company an “outperform” rating in a research report on Monday, June 15th. Zacks Research upgraded CareTrust REIT from a “strong sell” rating to a “hold” rating in a research note on Monday, May 25th. KeyCorp restated an “overweight” rating and issued a $46.00 price target on shares of CareTrust REIT in a research note on Friday, May 29th. Weiss Ratings downgraded CareTrust REIT from a “buy (a-)” rating to a “buy (b+)” rating in a report on Friday. Finally, Citigroup reiterated a “market outperform” rating on shares of CareTrust REIT in a report on Wednesday, June 10th. One equities research analyst has rated the stock with a Strong Buy rating, nine have issued a Buy rating and three have given a Hold rating to the company. According to data from MarketBeat.com, CareTrust REIT currently has a consensus rating of “Moderate Buy” and an average price target of $44.82.

CareTrust REIT Company 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.