SCHEDULE 13G: FMR LLC and Abigail P. Johnson Disclose 8.0% Passive Stake in CareTrust REIT Inc.

FMR LLC and its Chairman and CEO, Abigail P. Johnson, have reported a passive beneficial ownership of 8.0% in CareTrust REIT Inc., totaling over 14.9 million shares, as of March 31, 2025.

Summary

• FMR LLC, a parent holding company, and Abigail P. Johnson, its Chairman and CEO, have jointly filed a Schedule 13G indicating beneficial ownership in CareTrust REIT Inc.
• As of March 31, 2025, the aggregate amount beneficially owned by FMR LLC and Abigail P. Johnson is 14,944,747.97 shares of CareTrust REIT Inc. Common Stock.
• This ownership represents 8.0% of the outstanding class of CareTrust REIT Inc. Common Stock.
• FMR LLC holds sole voting power over 14,864,603.00 shares and sole dispositive power over 14,944,747.97 shares.
• Abigail P. Johnson holds sole dispositive power over 14,944,747.97 shares, with no sole or shared voting power directly.
• The filing states that the securities were acquired and are held in the ordinary course of business and not for the purpose of changing or influencing the control of the issuer.
• Several FMR LLC subsidiaries, including Fidelity Management & Research Company LLC, are identified as entities that beneficially own shares, with Fidelity Management & Research Company LLC owning 5% or greater of the outstanding shares.

Sentiment

Score: 5

Explanation: The document is a factual disclosure of beneficial ownership, which is neutral in tone. The presence of a significant institutional investor like FMR LLC can be viewed positively by the market, but the filing itself does not contain performance-related sentiment.

Positives

• The disclosure of a significant 8.0% stake by a major institutional investor like FMR LLC and its leadership can signal strong institutional confidence in CareTrust REIT Inc.'s long-term prospects.
• The passive nature of the investment, as certified by FMR LLC, suggests a belief in the company's current management and strategic direction without intent to influence control.

Risks

• The document does not contain specific risks related to CareTrust REIT Inc.'s operations or financial performance, as it is a beneficial ownership filing.

Future Outlook

The document, a Schedule 13G filing, does not provide any forward-looking statements or guidance regarding CareTrust REIT Inc.'s future performance or outlook. It solely reports beneficial ownership.

Management Comments

• FMR LLC and Abigail P. Johnson certified that the securities 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.

Industry Context

CareTrust REIT Inc. operates in the healthcare real estate investment trust (REIT) sector, focusing on skilled nursing facilities, senior housing, and other healthcare-related properties. FMR LLC, a major global asset manager, disclosing a significant passive stake indicates continued institutional interest in the healthcare REIT sector, potentially driven by demographic trends and the stable income streams associated with healthcare properties.

Stakeholder Impact

• Shareholders: The disclosure of a significant passive stake by a prominent institutional investor like FMR LLC may enhance investor confidence and potentially contribute to share price stability or appreciation, signaling a vote of confidence in the company's value.
• Management: The certification that the stake is held for passive investment purposes, without intent to influence control, suggests that FMR LLC is supportive of the current management and strategic direction of CareTrust REIT Inc.

Key Dates

Keywords

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