SCHEDULE: FMR LLC & Abigail Johnson Disclose 5.2% Stake in CareTrust REIT

FMR LLC and Abigail P. Johnson have filed an amended Schedule 13G, disclosing a beneficial ownership of 5.2% of CareTrust REIT Inc.'s common stock as of September 30, 2025.

Summary

• FMR LLC and Abigail P. Johnson have filed an Amendment No. 1 to Schedule 13G, reporting beneficial ownership of CareTrust REIT Inc. common stock.
• As of September 30, 2025, the reporting persons collectively beneficially own 11,514,687.40 shares, representing 5.2% of CareTrust REIT Inc.'s common stock.
• FMR LLC holds sole voting power over 11,427,795.00 shares and sole dispositive power over 11,514,687.40 shares.
• Abigail P. Johnson, as an individual, is deemed to have sole dispositive power over 11,514,687.40 shares.
• The shares are held in the ordinary course of business and not for the purpose of changing or influencing control of the issuer.
• FMR LLC is classified as a parent holding company, with several subsidiaries identified as beneficial owners, including FIAM LLC, Fidelity Institutional Asset Management Trust Company, Fidelity Management & Research Company LLC, Fidelity Management Trust Company, and Strategic Advisers LLC.

Sentiment

Score: 7

Explanation: The filing indicates a substantial passive investment by FMR LLC and Abigail P. Johnson in CareTrust REIT Inc., suggesting institutional confidence in the company without any intent to influence control.

Positives

• The disclosure of a 5.2% stake by FMR LLC, a prominent institutional investor, signals significant institutional confidence in CareTrust REIT Inc.
• The certification that the shares are held in the ordinary course of business and not for control purposes suggests a stable, long-term passive investment, reducing potential for activist-driven volatility.

Negatives

• No explicit negative information regarding CareTrust REIT Inc. is presented in this beneficial ownership disclosure.

Risks

• This filing does not detail specific risks related to CareTrust REIT Inc.'s operations or financial health. It is solely a disclosure of beneficial ownership.

Future Outlook

This Schedule 13G filing does not provide any forward-looking statements or guidance regarding CareTrust REIT Inc.'s future performance or strategic direction.

Management Comments

• The securities referred to above were acquired and are held in the ordinary course of business and were not acquired and are not held for the purpose of or with the effect of changing or influencing the control of the issuer of the securities and were not acquired and are not held in connection with or as a participant in any transaction having that purpose or effect, other than activities solely in connection with a nomination under §§ 240.14a-11.

Industry Context

The disclosure of a significant stake by a major asset manager like FMR LLC in a healthcare REIT like CareTrust REIT Inc. highlights continued institutional interest in the real estate investment trust sector, particularly those focused on healthcare properties. This type of investment often reflects a long-term view on the stability and growth potential of the underlying assets and the demographic trends supporting the healthcare industry.

Comparison to Industry Standards

• This filing is a standard disclosure of beneficial ownership by a large institutional investor. It does not contain performance metrics or operational data that would allow for a direct comparison to industry standards or specific comparable companies/projects.
• The 5.2% stake is a notable position for an institutional investor in a publicly traded REIT.

Stakeholder Impact

• Shareholders: Existing shareholders may view the significant institutional ownership by FMR LLC as a positive signal, potentially increasing investor confidence and stability.
• Management: CareTrust REIT Inc.'s management might see this as validation of their strategy, though the passive nature of the investment means no immediate pressure for change.
• Employees, Customers, Suppliers, Creditors: No direct impact is indicated by this beneficial ownership filing.

Next Steps

• No specific future actions, events, or milestones for CareTrust REIT Inc. are mentioned in this filing by the reporting persons.

Key Dates

Recommendation

The disclosure of a 5.2% beneficial ownership by a major institutional investor like FMR LLC in CareTrust REIT Inc. is generally a positive signal, indicating institutional confidence. However, as a passive investment, it does not inherently suggest immediate catalysts for significant price appreciation or depreciation. The filing itself does not provide new operational or financial performance data for CareTrust REIT Inc. that would warrant a 'buy' or 'sell' recommendation. Therefore, a 'hold' recommendation is appropriate, acknowledging the positive signal of institutional interest while awaiting further company-specific performance updates.

Keywords

CareTrust REIT Inc., FMR LLC, Abigail P. Johnson, Schedule 13G, Beneficial Ownership, Common Stock, Institutional Investor, REIT, Healthcare REIT, Fidelity