25,104 Shares of CareTrust REIT, Inc. $CTRE Purchased by Verdence Capital Advisors LLC

Verdence Capital Advisors LLC bought a new stake in CareTrust REIT, Inc. (NYSE:CTRE) in the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The firm bought 25,104 shares of the company’s stock, valued at approximately $918,000.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Signaturefd LLC raised its stake in CareTrust REIT by 17.6% in the third quarter. Signaturefd LLC now owns 6,959 shares of the company’s stock valued at $255,000 after buying an additional 1,042 shares during the period. James Investment Research Inc. lifted its position in shares of CareTrust REIT by 19.4% in the third quarter. James Investment Research Inc. now owns 8,618 shares of the company’s stock valued at $315,000 after buying an additional 1,400 shares during the last quarter. Yousif Capital Management LLC lifted its position in shares of CareTrust REIT by 7.3% in the third quarter. Yousif Capital Management LLC now owns 68,837 shares of the company’s stock valued at $2,518,000 after buying an additional 4,664 shares during the last quarter. MBM Wealth Consultants LLC boosted its stake in shares of CareTrust REIT by 17.0% during the 3rd quarter. MBM Wealth Consultants LLC now owns 19,244 shares of the company’s stock worth $704,000 after acquiring an additional 2,790 shares during the period. Finally, State of Alaska Department of Revenue boosted its stake in shares of CareTrust REIT by 10.0% during the 3rd quarter. State of Alaska Department of Revenue now owns 170,515 shares of the company’s stock worth $6,234,000 after acquiring an additional 15,545 shares during the period. Institutional investors own 87.77% of the company’s stock.

CareTrust REIT Price Performance

CareTrust REIT stock opened at $36.20 on Friday. The company has a market capitalization of $8.55 billion, a price-to-earnings ratio of 18.56, a PEG ratio of 1.26 and a beta of 0.75. The company has a current ratio of 0.57, a quick ratio of 0.57 and a debt-to-equity ratio of 0.27. CareTrust REIT, Inc. has a 12 month low of $33.97 and a 12 month high of $43.62. The stock’s 50 day moving average is $37.59 and its 200-day moving average is $38.99.

CareTrust REIT (NYSE:CTRE) last released its quarterly earnings results on Thursday, August 6th. The company reported $0.51 earnings per share for the quarter, hitting the consensus estimate of $0.51. The business 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. Equities research analysts expect that CareTrust REIT, Inc. will post 2.07 EPS for the current year.

CareTrust REIT Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, October 15th. Shareholders of record on Wednesday, September 30th were given a dividend of $0.39 per share. The ex-dividend date was Wednesday, September 30th. This represents a $1.56 annualized dividend and a yield of 4.3%. CareTrust REIT’s dividend payout ratio (DPR) is presently 98.11%.

Wall Street Analyst Weigh In

A number of research analysts recently weighed in on the company. Wells Fargo & Company decreased their target price on CareTrust REIT from $44.00 to $43.00 and set an “overweight” rating on the stock in a report on Monday, October 19th. JPMorgan Chase & Co. assumed coverage on CareTrust REIT in a report on Friday, October 16th. They set a “neutral” rating and a $41.00 price target for the company. Cantor Fitzgerald raised 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. Royal Bank Of Canada reaffirmed a “sector perform” rating and set a $43.00 price objective on shares of CareTrust REIT in a research report on Monday, October 5th. Finally, Citigroup reiterated a “market outperform” rating on shares of CareTrust REIT in a report on Tuesday, October 13th. One research 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. According to data from MarketBeat.com, CareTrust REIT has a consensus 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.