Verdence Capital Advisors LLC Makes New Investment in CareTrust REIT, Inc. $CTRE

Verdence Capital Advisors LLC acquired a new stake in CareTrust REIT, Inc. (NYSE:CTRE) during the 3rd quarter, according to its most recent disclosure with the SEC. The fund acquired 25,104 shares of the company’s stock, valued at approximately $918,000.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in CTRE. VIRGINIA RETIREMENT SYSTEMS ET Al bought a new stake in shares of CareTrust REIT in the second quarter valued at about $8,231,000. Greenland Capital Management LP acquired a new position in shares of CareTrust REIT during the second quarter worth about $9,684,000. Corient Private Wealth LP grew its holdings in shares of CareTrust REIT by 76.2% during the second quarter. Corient Private Wealth LP now owns 166,828 shares of the company’s stock worth $6,732,000 after buying an additional 72,137 shares in the last quarter. Hsbc Holdings PLC grew its holdings in shares of CareTrust REIT by 17.2% during the second quarter. Hsbc Holdings PLC now owns 478,410 shares of the company’s stock worth $19,334,000 after buying an additional 70,243 shares in the last quarter. Finally, William Blair Investment Management LLC bought a new position in shares of CareTrust REIT during the second quarter worth about $23,025,000. 87.77% of the stock is owned by institutional investors and hedge funds.

CareTrust REIT Trading Up 2.1%

CareTrust REIT stock opened at $36.20 on Friday. The firm has a 50-day moving average of $37.59 and a 200-day moving average of $38.99. CareTrust REIT, Inc. has a one year low of $33.97 and a one year high of $43.62. The company has a debt-to-equity ratio of 0.27, a current ratio of 0.57 and a quick ratio of 0.57. The company has a market cap of $8.55 billion, a price-to-earnings ratio of 18.56, a P/E/G ratio of 1.26 and a beta of 0.75.

CareTrust REIT (NYSE:CTRE) last announced its quarterly earnings data on Thursday, August 6th. The company reported $0.51 earnings per share for the quarter, meeting the consensus estimate of $0.51. The company had revenue of $161.35 million during the quarter. CareTrust REIT had a return on equity of 8.52% and a net margin of 62.19%. CareTrust REIT has set its FY 2026 guidance at 2.030-2.060 EPS. On average, equities analysts expect that CareTrust REIT, Inc. will post 2.07 earnings per share for the current fiscal year.

CareTrust REIT Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, October 15th. Stockholders of record on Wednesday, September 30th were issued a $0.39 dividend. This represents a $1.56 annualized dividend and a dividend yield of 4.3%. The ex-dividend date of this dividend was Wednesday, September 30th. CareTrust REIT’s dividend payout ratio is presently 98.11%.

Analysts Set New Price Targets

CTRE has been the topic of several research reports. Citigroup restated a “market outperform” rating on shares of CareTrust REIT in a research note on Tuesday, October 13th. KeyCorp reaffirmed an “overweight” rating on shares of CareTrust REIT in a research report on Tuesday, October 6th. Wedbush set a $44.00 price target on shares of CareTrust REIT in a research note on Tuesday, October 13th. Huntington started coverage on shares of CareTrust REIT in a research note on Thursday, September 10th. They set an “outperform” rating and a $44.00 price target for the company. Finally, BMO Capital Markets lowered their price objective on shares of CareTrust REIT from $47.00 to $45.00 and set an “outperform” rating on the stock in a report on Monday, October 5th. One investment analyst has rated the stock with a Strong Buy rating, ten have issued a Buy rating and four have issued a Hold rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus price target of $43.64.

CareTrust REIT Company Profile

CareTrust REIT, Inc is a healthcare-focused real estate investment trust that owns, acquires, and manages properties used by healthcare providers. Its portfolio primarily includes skilled nursing facilities, assisted living communities, independent living facilities, and other senior housing and healthcare-related properties.

The company generally leases its properties to healthcare operators under long-term, often triple-net lease agreements. Under these arrangements, tenants typically assume responsibility for property-level expenses such as taxes, insurance, and maintenance, while CareTrust focuses on owning and managing the underlying real estate and supporting its operating partners.

CareTrust was formed in 2014 through the spin-off of healthcare properties from The Ensign Group.