VIRGINIA RETIREMENT SYSTEMS ET Al Invests $8.23 Million in CareTrust REIT, Inc. $CTRE

VIRGINIA RETIREMENT SYSTEMS ET Al purchased a new position in CareTrust REIT, Inc. (NYSE:CTRE) during the second quarter, Holdings Channel reports. The firm purchased 203,991 shares of the company’s stock, valued at approximately $8,231,000.

Several other institutional investors and hedge funds have also bought and sold shares of the company. Kemnay Advisory Services Inc. acquired a new position in shares of CareTrust REIT in the 4th quarter valued at approximately $27,000. Persistent Asset Partners Ltd acquired a new stake in shares of CareTrust REIT in the 2nd quarter valued at $31,000. Compass Financial Management LLC acquired a new position in shares of CareTrust REIT during the 2nd quarter worth $34,000. Transamerica Financial Advisors LLC boosted its stake in CareTrust REIT by 520.0% in the fourth quarter. Transamerica Financial Advisors LLC now owns 868 shares of the company’s stock valued at $32,000 after buying an additional 728 shares in the last quarter. Finally, Mcguire Capital Advisors Inc. acquired a new stake in shares of CareTrust REIT in the 4th quarter valued at approximately $40,000. Institutional investors own 87.77% of the company’s stock.

Analyst Ratings Changes

A number of equities analysts recently issued reports on the stock. Cantor Fitzgerald upped their price objective on shares of CareTrust REIT from $42.00 to $43.00 and gave the stock a “neutral” rating in a research report on Monday, August 10th. Royal Bank Of Canada cut shares of CareTrust REIT from an “outperform” rating to a “sector perform” rating and decreased their target price for the stock from $44.00 to $43.00 in a research note on Friday, August 14th. Mizuho set a $45.00 price target on shares of CareTrust REIT in a report on Friday, May 22nd. Raymond James Financial initiated coverage on CareTrust REIT in a research note on Tuesday, June 16th. They issued an “outperform” rating and a $43.00 price target for the company. Finally, Zacks Research raised CareTrust REIT from a “strong sell” rating to a “hold” rating in a report on Monday, May 25th. One analyst has rated the stock with a Strong Buy rating, nine have assigned a Buy rating and three have issued a Hold rating to the company. According to MarketBeat.com, CareTrust REIT presently has an average rating of “Moderate Buy” and an average price target of $44.55.

CareTrust REIT Stock Up 0.8%

Shares of NYSE CTRE opened at $39.32 on Wednesday. The company has a 50 day simple moving average of $40.68 and a 200 day simple moving average of $39.75. The firm has a market cap of $9.29 billion, a PE ratio of 24.73, a price-to-earnings-growth ratio of 1.53 and a beta of 0.76. CareTrust REIT, Inc. has a 1 year low of $32.79 and a 1 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.

CareTrust REIT (NYSE:CTRE) last posted its earnings results on Thursday, August 6th. The company reported $0.51 earnings per share 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 firm had revenue of $161.35 million for the quarter. CareTrust REIT has set its FY 2026 guidance at 2.030-2.060 EPS. On average, research analysts forecast 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 paid a $0.39 dividend. The ex-dividend date of this dividend was Tuesday, June 30th. This represents a $1.56 annualized dividend and a dividend yield of 4.0%. CareTrust REIT’s payout ratio is currently 98.11%.

About CareTrust REIT

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.