Vise Technologies Inc. Invests $935,000 in CareTrust REIT, Inc. $CTRE

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

Several other large investors have also recently bought and sold shares of CTRE. Pasadena Private Wealth LLC bought a new stake in CareTrust REIT in the 2nd quarter valued at $336,000. Tocqueville Asset Management L.P. bought a new position in shares of CareTrust REIT during the 2nd quarter worth about $440,000. one8zero8 LLC acquired a new position in shares of CareTrust REIT during the second quarter valued at about $7,687,000. BlackRock Inc. acquired a new position in shares of CareTrust REIT during the second quarter valued at about $1,643,290,000. Finally, Deutsche Bank AG bought a new stake in shares of CareTrust REIT in the second quarter valued at about $143,963,000. 87.77% of the stock is currently owned by institutional investors and hedge funds.

CareTrust REIT Trading Down 0.1%

Shares of CTRE stock opened at $39.71 on Friday. CareTrust REIT, Inc. has a 52-week low of $32.79 and a 52-week high of $43.62. The stock has a market cap of $9.38 billion, a price-to-earnings ratio of 24.97, a P/E/G ratio of 1.56 and a beta of 0.75. The company has a debt-to-equity ratio of 0.27, a quick ratio of 0.57 and a current ratio of 0.57. The firm has a fifty day moving average of $40.44 and a 200-day moving average of $39.70.

CareTrust REIT (NYSE:CTRE) last released its quarterly earnings data on Thursday, August 6th. The company reported $0.51 EPS for the quarter, hitting analysts’ consensus estimates of $0.51. CareTrust REIT had a net margin of 62.19% and a return on equity of 8.52%. The company had revenue of $161.35 million during the quarter. CareTrust REIT has set its FY 2026 guidance at 2.030-2.060 EPS. On average, equities research analysts forecast that CareTrust REIT, Inc. will post 2.05 earnings per share for the current fiscal year.

CareTrust REIT Dividend Announcement

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

Analysts Set New Price Targets

A number of equities research analysts recently weighed in on the company. Citigroup reissued a “market outperform” rating on shares of CareTrust REIT in a research report on Wednesday, June 10th. Cantor Fitzgerald upped their price target on CareTrust REIT from $42.00 to $43.00 and gave the company a “neutral” rating in a report on Monday, August 10th. KeyCorp reiterated an “overweight” rating and issued a $46.00 price objective on shares of CareTrust REIT in a research report on Friday, May 29th. Royal Bank Of Canada lowered CareTrust REIT from an “outperform” rating to a “sector perform” rating and decreased their price objective for the stock from $44.00 to $43.00 in a report on Friday, August 14th. Finally, Zacks Research raised CareTrust REIT from a “strong sell” rating to a “hold” rating in a report on Monday, May 25th. One research 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 company’s stock. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $44.82.

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.