Concurrent Investment Advisors LLC Acquires 14,930 Shares of CareTrust REIT, Inc. $CTRE

Concurrent Investment Advisors LLC increased its holdings in shares of CareTrust REIT, Inc. (NYSE:CTRE – Free Report) by 101.2% during the 4th quarter, HoldingsChannel reports. The firm owned 29,677 shares of the company’s stock after purchasing an additional 14,930 shares during the period. Concurrent Investment Advisors LLC’s holdings in CareTrust REIT were worth $1,073,000 as of its most recent SEC filing.

Other institutional investors have also modified their holdings of the company. EverSource Wealth Advisors LLC lifted its holdings in shares of CareTrust REIT by 134.2% during 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. Heritage Wealth Advisors lifted its holdings in shares of CareTrust REIT by 42.9% during the 3rd quarter. Heritage Wealth Advisors now owns 1,000 shares of the company’s stock valued at $35,000 after purchasing an additional 300 shares in the last quarter. Allworth Financial LP lifted its holdings in shares of CareTrust REIT by 114.0% during the 3rd quarter. Allworth Financial LP now owns 1,042 shares of the company’s stock valued at $36,000 after purchasing an additional 555 shares in the last quarter. Groesbeck Investment Management Corp NJ bought a new position in shares of CareTrust REIT during the 4th quarter valued at about $43,000. Finally, Farther Finance Advisors LLC lifted its holdings in shares of CareTrust REIT by 75.1% during the 3rd quarter. Farther Finance Advisors LLC now owns 1,492 shares of the company’s stock valued at $52,000 after purchasing an additional 640 shares in the last quarter. Institutional investors own 87.77% of the company’s stock.

Analyst Ratings Changes

Several equities analysts have recently weighed in on CTRE shares. Mizuho began coverage on CareTrust REIT in a report on Thursday, April 2nd. They set an “outperform” rating and a $42.00 price objective on the stock. Wells Fargo & Company boosted their target price on CareTrust REIT from $41.00 to $42.00 and gave the company an “overweight” rating in a research note on Thursday, March 26th. BMO Capital Markets upgraded CareTrust REIT from a “hold” rating to an “outperform” rating and set a $43.00 target price on the stock in a research note on Friday, January 9th. Citigroup began coverage on CareTrust REIT in a research note on Thursday, January 22nd. They issued a “market outperform” rating on the stock. Finally, Citizens Jmp began coverage on CareTrust REIT in a research note on Thursday, January 22nd. They issued a “market outperform” rating and a $44.00 target price on the stock. Three investment analysts have rated the stock with a Strong Buy rating, eight have assigned a Buy rating, one has given a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of “Buy” and an average target price of $42.82.

View Our Latest Stock Report on CareTrust REIT

CareTrust REIT Trading Up 1.3%

NYSE CTRE opened at $39.47 on Friday. The stock has a market capitalization of $8.81 billion, a price-to-earnings ratio of 25.46, a PEG ratio of 2.61 and a beta of 0.77. The stock’s 50 day moving average price is $39.02 and its two-hundred day moving average price is $37.51. The company has a debt-to-equity ratio of 0.22, a quick ratio of 1.73 and a current ratio of 1.73. CareTrust REIT, Inc. has a 52 week low of $27.27 and a 52 week high of $41.72.

CareTrust REIT (NYSE:CTRE – Get Free Report) last released its earnings results on Thursday, February 12th. The company reported $0.50 EPS for the quarter, beating the consensus estimate of $0.47 by $0.03. The firm had revenue of $134.86 million for the quarter. CareTrust REIT had a return on equity of 8.98% and a net margin of 67.28%.CareTrust REIT has set its FY 2026 guidance at 1.900-1.95 EPS. As a group, analysts anticipate that CareTrust REIT, Inc. will post 1.98 earnings per share for the current fiscal year.

CareTrust REIT Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Wednesday, April 15th. Shareholders of record on Tuesday, March 31st were given a dividend of $0.39 per share. This is a positive change from CareTrust REIT’s previous quarterly dividend of $0.34. The ex-dividend date of this dividend was Tuesday, March 31st. This represents a $1.56 annualized dividend and a dividend yield of 4.0%. CareTrust REIT’s payout ratio is presently 86.45%.

CareTrust REIT Company Profile

(Free Report)

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.

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