Vise Technologies Inc. Takes Position in CareTrust REIT, Inc. $CTRE

Vise Technologies Inc. purchased a new position in CareTrust REIT, Inc. (NYSE:CTRE) during the second quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor purchased 23,168 shares of the company’s stock, valued at approximately $935,000.

Several other hedge funds and other institutional investors have also modified their holdings of CTRE. Kemnay Advisory Services Inc. purchased a new position in CareTrust REIT in the fourth quarter valued at about $27,000. Persistent Asset Partners Ltd acquired a new position in CareTrust REIT in the 2nd quarter worth about $31,000. Transamerica Financial Advisors LLC raised its stake in shares of CareTrust REIT by 520.0% during the 4th quarter. Transamerica Financial Advisors LLC now owns 868 shares of the company’s stock worth $32,000 after purchasing an additional 728 shares in the last quarter. Mcguire Capital Advisors Inc. purchased a new stake in shares of CareTrust REIT during the 4th quarter worth about $40,000. Finally, 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 buying an additional 644 shares during the last quarter. 87.77% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several brokerages recently commented on CTRE. Weiss Ratings cut CareTrust REIT from a “buy (a-)” rating to a “buy (b+)” rating in a research note on Friday. Mizuho set a $45.00 price target on CareTrust REIT in a research report on Friday, May 22nd. Cantor Fitzgerald upped their price target on CareTrust REIT from $42.00 to $43.00 and gave the stock a “neutral” rating in a research note on Monday, August 10th. BMO Capital Markets increased their price objective on CareTrust REIT from $46.00 to $47.00 and gave the company an “outperform” rating in a report on Monday, June 15th. Finally, KeyCorp reissued an “overweight” rating and issued a $46.00 price objective on shares of CareTrust REIT in a research note on Friday, May 29th. One analyst has rated the stock with a Strong Buy rating, nine have given a Buy rating and three have assigned a Hold rating to the stock. According to MarketBeat, CareTrust REIT currently has an average rating of “Moderate Buy” and a consensus price target of $44.82.

CareTrust REIT Stock Performance

NYSE:CTRE opened at $39.71 on Friday. CareTrust REIT, Inc. has a 1 year low of $32.79 and a 1 year high of $43.62. The firm’s fifty day simple moving average is $40.44 and its 200 day simple moving average is $39.70. The company has a current ratio of 0.57, a quick ratio of 0.57 and a debt-to-equity ratio of 0.27. The firm has a market capitalization of $9.38 billion, a PE ratio of 24.97, a PEG ratio of 1.56 and a beta of 0.75.

CareTrust REIT (NYSE:CTRE) last announced its earnings results on Thursday, August 6th. The company reported $0.51 EPS for the quarter, hitting the consensus estimate of $0.51. The firm had revenue of $161.35 million for the quarter. CareTrust REIT had a net margin of 62.19% and a return on equity of 8.52%. CareTrust REIT has set its FY 2026 guidance at 2.030-2.060 EPS. On average, sell-side analysts anticipate that CareTrust REIT, Inc. will post 2.05 EPS for the current year.

CareTrust REIT Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, July 15th. Investors of record on Tuesday, June 30th were given a dividend of $0.39 per share. This represents a $1.56 annualized dividend and a dividend yield of 3.9%. The ex-dividend date of this dividend was Tuesday, June 30th. CareTrust REIT’s payout ratio is currently 98.11%.

CareTrust REIT Company Profile

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.