Vise Technologies Inc. Makes New Investment in CareTrust REIT, Inc. $CTRE

Vise Technologies Inc. bought a new stake in CareTrust REIT, Inc. (NYSE:CTRE) during the fourth quarter, according to its most recent disclosure with the SEC. The firm bought 20,770 shares of the company’s stock, valued at approximately $751,000.

Other hedge funds have also recently modified their holdings of the company. Heritage Wealth Advisors grew its position in shares of CareTrust REIT by 42.9% in the 3rd quarter. Heritage Wealth Advisors now owns 1,000 shares of the company’s stock valued at $35,000 after buying an additional 300 shares during the last quarter. Allworth Financial LP grew its position in shares of CareTrust REIT by 114.0% in the 3rd quarter. Allworth Financial LP now owns 1,042 shares of the company’s stock valued at $36,000 after buying an additional 555 shares during the last quarter. EverSource Wealth Advisors LLC grew its position in shares of CareTrust REIT by 134.2% in 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. Eurizon Capital SGR S.p.A. purchased a new position in shares of CareTrust REIT in the 4th quarter valued at $44,000. Finally, Groesbeck Investment Management Corp NJ purchased a new position in shares of CareTrust REIT in the 4th quarter valued at $43,000. 87.77% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of research analysts recently commented on the stock. KeyCorp reaffirmed an “overweight” rating and issued a $46.00 target price on shares of CareTrust REIT in a research report on Friday, May 29th. Zacks Research raised shares of CareTrust REIT from a “strong sell” rating to a “hold” rating in a research report on Monday, May 25th. Mizuho set a $45.00 target price on shares of CareTrust REIT in a research report on Friday, May 22nd. Royal Bank Of Canada increased their target price on shares of CareTrust REIT from $41.00 to $44.00 and gave the company an “outperform” rating in a research report on Tuesday, February 24th. Finally, UBS Group increased their target price on shares of CareTrust REIT from $44.00 to $48.00 and gave the company a “buy” rating in a research report on Wednesday, February 18th. Three analysts have rated the stock with a Strong Buy rating, eight have assigned a Buy rating and two have issued a Hold rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of “Buy” and a consensus price target of $44.09.

CareTrust REIT Trading Up 0.2%

Shares of CareTrust REIT stock opened at $37.78 on Thursday. CareTrust REIT, Inc. has a 1 year low of $27.81 and a 1 year high of $43.08. The company has a debt-to-equity ratio of 0.22, a quick ratio of 2.37 and a current ratio of 2.38. The company has a market capitalization of $8.93 billion, a P/E ratio of 24.22, a PEG ratio of 1.71 and a beta of 0.76. The company’s fifty day moving average is $39.48 and its two-hundred day moving average is $38.49.

CareTrust REIT Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, April 15th. Shareholders of record on Tuesday, March 31st were given a dividend of $0.39 per share. This represents a $1.56 annualized dividend and a yield of 4.1%. The ex-dividend date of this dividend was Tuesday, March 31st. This is an increase from CareTrust REIT’s previous quarterly dividend of $0.34. CareTrust REIT’s payout ratio is 100.00%.

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.