Caitlin John LLC Buys 1,969 Shares of CareTrust REIT, Inc. (NASDAQ:CTRE)

Caitlin John LLC increased its stake in shares of CareTrust REIT, Inc. (NASDAQ:CTRE) by 4.1% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 49,994 shares of the real estate investment trust’s stock after purchasing an additional 1,969 shares during the quarter. Caitlin John LLC’s holdings in CareTrust REIT were worth $1,352,000 as of its most recent SEC filing.

Other institutional investors also recently added to or reduced their stakes in the company. Blue Trust Inc. boosted its holdings in shares of CareTrust REIT by 178.3% in the 3rd quarter. Blue Trust Inc. now owns 1,205 shares of the real estate investment trust’s stock valued at $37,000 after buying an additional 772 shares in the last quarter. Versant Capital Management Inc grew its position in CareTrust REIT by 98.8% during the 4th quarter. Versant Capital Management Inc now owns 1,495 shares of the real estate investment trust’s stock worth $40,000 after purchasing an additional 743 shares during the last quarter. Loomis Sayles & Co. L P increased its stake in CareTrust REIT by 5,527.8% during the 3rd quarter. Loomis Sayles & Co. L P now owns 2,026 shares of the real estate investment trust’s stock valued at $63,000 after purchasing an additional 1,990 shares in the last quarter. Signaturefd LLC raised its holdings in shares of CareTrust REIT by 55.0% in the third quarter. Signaturefd LLC now owns 2,185 shares of the real estate investment trust’s stock worth $67,000 after buying an additional 775 shares during the last quarter. Finally, FSA Wealth Management LLC acquired a new stake in shares of CareTrust REIT during the third quarter worth $80,000. Institutional investors own 87.77% of the company’s stock.

CareTrust REIT Price Performance

NASDAQ:CTRE opened at $26.76 on Thursday. The firm’s fifty day moving average is $27.49 and its two-hundred day moving average is $28.95. The firm has a market cap of $4.59 billion, a price-to-earnings ratio of 37.16, a PEG ratio of 1.25 and a beta of 1.09. The company has a debt-to-equity ratio of 0.16, a quick ratio of 7.60 and a current ratio of 7.60. CareTrust REIT, Inc. has a one year low of $20.33 and a one year high of $33.15.

CareTrust REIT Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Wednesday, January 15th. Stockholders of record on Tuesday, December 31st were paid a $0.29 dividend. The ex-dividend date was Tuesday, December 31st. This represents a $1.16 dividend on an annualized basis and a dividend yield of 4.34%. CareTrust REIT’s payout ratio is 161.11%.

Analyst Ratings Changes

A number of brokerages recently issued reports on CTRE. BMO Capital Markets lowered CareTrust REIT from an “outperform” rating to a “market perform” rating and reduced their target price for the stock from $34.00 to $32.00 in a research note on Monday, December 9th. Wedbush cut CareTrust REIT from a “neutral” rating to an “underperform” rating and reduced their price objective for the stock from $34.00 to $26.00 in a research note on Thursday, January 2nd. One investment analyst has rated the stock with a sell rating, two have given a hold rating and three have given a buy rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus target price of $30.67.

About CareTrust REIT

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.