J. W. Coons Advisors LLC Acquires 1,625 Shares of CareTrust REIT, Inc. (NASDAQ:CTRE)

J. W. Coons Advisors LLC grew its stake in shares of CareTrust REIT, Inc. (NASDAQ:CTRE) by 23.5% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 8,529 shares of the real estate investment trust’s stock after acquiring an additional 1,625 shares during the period. J. W. Coons Advisors LLC’s holdings in CareTrust REIT were worth $231,000 at the end of the most recent reporting period.

A number of other large investors have also recently made changes to their positions in the stock. Advantage Trust Co purchased a new stake in CareTrust REIT during the 4th quarter worth about $30,000. Blue Trust Inc. increased its position in shares of CareTrust REIT by 178.3% during the third 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 during the period. Versant Capital Management Inc lifted its holdings in shares of CareTrust REIT by 98.8% in the fourth quarter. Versant Capital Management Inc now owns 1,495 shares of the real estate investment trust’s stock worth $40,000 after buying an additional 743 shares in the last quarter. Loomis Sayles & Co. L P lifted its holdings 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 worth $63,000 after buying an additional 1,990 shares in the last quarter. Finally, Signaturefd LLC boosted its position 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 valued at $67,000 after acquiring an additional 775 shares during the period. 87.77% of the stock is owned by institutional investors.

Analyst Ratings Changes

A number of research firms recently weighed in on CTRE. Royal Bank of Canada decreased their target price on shares of CareTrust REIT from $37.00 to $32.00 and set an “outperform” rating on the stock in a report on Friday. Wedbush cut shares of CareTrust REIT from a “neutral” rating to an “underperform” rating and decreased their price target for the stock from $34.00 to $26.00 in a report on Thursday, January 2nd. Finally, BMO Capital Markets lowered CareTrust REIT from an “outperform” rating to a “market perform” rating and dropped their price objective for the company from $34.00 to $32.00 in a research note on Monday, December 9th. One analyst has rated the stock with a sell rating, two have issued a hold rating and three have given a buy rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus price target of $30.83.

CareTrust REIT Price Performance

CTRE stock opened at $25.06 on Tuesday. The firm has a 50 day simple moving average of $26.66 and a two-hundred day simple moving average of $28.87. The stock has a market cap of $4.70 billion, a PE ratio of 31.72, a P/E/G ratio of 1.25 and a beta of 1.09. CareTrust REIT, Inc. has a one year low of $22.46 and a one year high of $33.15. The company has a debt-to-equity ratio of 0.14, a current ratio of 3.82 and a quick ratio of 3.82.

CareTrust REIT (NASDAQ:CTRE) last posted its quarterly earnings data on Wednesday, February 12th. The real estate investment trust reported $0.29 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.41 by ($0.12). CareTrust REIT had a return on equity of 5.59% and a net margin of 42.22%. During the same quarter in the prior year, the company earned $0.25 EPS. On average, analysts predict that CareTrust REIT, Inc. will post 1.71 EPS for the current fiscal year.

CareTrust REIT Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, January 15th. Stockholders of record on Tuesday, December 31st were given a dividend of $0.29 per share. The ex-dividend date was Tuesday, December 31st. This represents a $1.16 annualized dividend and a dividend yield of 4.63%. CareTrust REIT’s dividend payout ratio (DPR) is presently 146.84%.

CareTrust REIT Profile

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.