Captrust Financial Advisors Has $252,000 Stock Holdings in CareTrust REIT, Inc. (NASDAQ:CTRE)

Captrust Financial Advisors cut its holdings in CareTrust REIT, Inc. (NASDAQ:CTRE) by 6.5% in the third quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 8,156 shares of the real estate investment trust’s stock after selling 566 shares during the quarter. Captrust Financial Advisors’ holdings in CareTrust REIT were worth $252,000 at the end of the most recent quarter.

A number of other institutional investors have also recently added to or reduced their stakes in CTRE. Newbridge Financial Services Group Inc. bought a new position in shares of CareTrust REIT in the second quarter valued at approximately $27,000. Rothschild Investment LLC bought a new position in shares of CareTrust REIT in the second quarter valued at approximately $34,000. Blue Trust Inc. raised its position in shares of CareTrust REIT by 178.3% in the third quarter. Blue Trust Inc. now owns 1,205 shares of the real estate investment trust’s stock valued at $37,000 after purchasing an additional 772 shares during the period. Quest Partners LLC bought a new position in shares of CareTrust REIT in the second quarter valued at approximately $40,000. Finally, Loomis Sayles & Co. L P raised its position in shares of CareTrust REIT by 5,527.8% in the third 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 during the period. 87.77% of the stock is currently owned by institutional investors and hedge funds.

CareTrust REIT Trading Up 0.5 %

Shares of CareTrust REIT stock opened at $28.81 on Monday. The firm has a market capitalization of $4.94 billion, a PE ratio of 40.01, a price-to-earnings-growth ratio of 1.59 and a beta of 1.07. The company has a debt-to-equity ratio of 0.16, a current ratio of 7.60 and a quick ratio of 7.60. The company’s fifty day moving average price is $30.34 and its two-hundred day moving average price is $28.61. CareTrust REIT, Inc. has a 52-week low of $20.10 and a 52-week high of $33.15.

CareTrust REIT (NASDAQ:CTRE) last announced its quarterly earnings results on Tuesday, October 29th. The real estate investment trust reported $0.21 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.29 by ($0.08). The business had revenue of $77.38 million during the quarter, compared to the consensus estimate of $74.12 million. CareTrust REIT had a net margin of 36.88% and a return on equity of 5.32%. During the same period last year, the firm earned $0.35 EPS. On average, analysts expect that CareTrust REIT, Inc. will post 1.5 EPS for the current year.

Analyst Ratings Changes

A number of equities analysts have recently commented on CTRE shares. Royal Bank of Canada lifted their price target on shares of CareTrust REIT from $27.00 to $31.00 and gave the company an “outperform” rating in a research report on Thursday, August 22nd. Wells Fargo & Company raised shares of CareTrust REIT from an “equal weight” rating to an “overweight” rating and lifted their price target for the company from $28.00 to $34.00 in a research report on Tuesday, October 1st. KeyCorp lifted their price target on shares of CareTrust REIT from $27.00 to $34.00 and gave the company an “overweight” rating in a research report on Monday, October 7th. Finally, BMO Capital Markets lowered shares of CareTrust REIT from an “outperform” rating to a “market perform” rating and dropped their target price for the stock from $34.00 to $32.00 in a research report on Monday, December 9th. Three analysts have rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. According to data from MarketBeat, CareTrust REIT currently has a consensus rating of “Moderate Buy” and an average 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.