Nisa Investment Advisors LLC Has $1.38 Million Stock Position in CareTrust REIT, Inc. (NASDAQ:CTRE)

Nisa Investment Advisors LLC lifted its stake in shares of CareTrust REIT, Inc. (NASDAQ:CTRE) by 15.4% during the 4th quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 50,393 shares of the real estate investment trust’s stock after purchasing an additional 6,711 shares during the quarter. Nisa Investment Advisors LLC’s holdings in CareTrust REIT were worth $1,377,000 as of its most recent SEC filing.

Several other large investors also recently modified their holdings of the stock. Newbridge Financial Services Group Inc. bought a new stake in shares of CareTrust REIT during the 2nd quarter worth $27,000. Blue Trust Inc. lifted its position in shares of CareTrust REIT by 178.3% during the 3rd quarter. Blue Trust Inc. now owns 1,205 shares of the real estate investment trust’s stock worth $37,000 after buying an additional 772 shares during the last quarter. Versant Capital Management Inc lifted its position in shares of CareTrust REIT by 98.8% during the 4th quarter. Versant Capital Management Inc now owns 1,495 shares of the real estate investment trust’s stock worth $40,000 after buying an additional 743 shares during the last quarter. Loomis Sayles & Co. L P lifted its position in shares of CareTrust REIT by 5,527.8% during the 3rd quarter. Loomis Sayles & Co. L P now owns 2,026 shares of the real estate investment trust’s stock worth $63,000 after buying an additional 1,990 shares during the last quarter. Finally, Signaturefd LLC lifted its position in shares of CareTrust REIT by 55.0% during the 3rd quarter. Signaturefd LLC now owns 2,185 shares of the real estate investment trust’s stock worth $67,000 after buying an additional 775 shares during the last quarter. 87.77% of the stock is owned by institutional investors and hedge funds.

CareTrust REIT Price Performance

CareTrust REIT stock opened at $27.72 on Tuesday. The company has a current ratio of 7.60, a quick ratio of 7.60 and a debt-to-equity ratio of 0.16. The company has a market capitalization of $4.75 billion, a PE ratio of 38.50, a P/E/G ratio of 1.25 and a beta of 1.09. CareTrust REIT, Inc. has a 12 month low of $20.10 and a 12 month high of $33.15. The stock has a 50-day moving average price of $28.01 and a two-hundred day moving average price of $28.97.

CareTrust REIT (NASDAQ:CTRE) last issued its quarterly earnings data on Tuesday, October 29th. The real estate investment trust reported $0.21 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.29 by ($0.08). CareTrust REIT had a return on equity of 5.32% and a net margin of 36.88%. The company had revenue of $77.38 million for the quarter, compared to the consensus estimate of $74.12 million. During the same quarter last year, the business earned $0.35 earnings per share. Analysts expect that CareTrust REIT, Inc. will post 1.5 EPS for the current year.

CareTrust REIT Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, January 15th. Stockholders of record on Tuesday, December 31st were given a dividend of $0.29 per share. The ex-dividend date was Tuesday, December 31st. This represents a $1.16 dividend on an annualized basis and a dividend yield of 4.18%. CareTrust REIT’s dividend payout ratio (DPR) is 161.11%.

Analyst Upgrades and Downgrades

Several brokerages recently weighed in on CTRE. Wells Fargo & Company upgraded CareTrust REIT from an “equal weight” rating to an “overweight” rating and upped their price objective for the stock from $28.00 to $34.00 in a research report on Tuesday, October 1st. KeyCorp upped their price objective on CareTrust REIT from $27.00 to $34.00 and gave the stock an “overweight” rating in a research report on Monday, October 7th. Wedbush downgraded CareTrust REIT from a “neutral” rating to an “underperform” rating and dropped their target price for the company from $34.00 to $26.00 in a research report on Thursday, January 2nd. Finally, BMO Capital Markets downgraded CareTrust REIT from an “outperform” rating to a “market perform” rating and dropped their target price for the company from $34.00 to $32.00 in a research report on Monday, December 9th. One research analyst has rated the stock with a sell rating, two have assigned a hold rating and three have issued a buy rating to the stock. According to MarketBeat, the company currently has a consensus rating of “Hold” and an average target price of $30.67.

CareTrust REIT Profile

CareTrust REIT, Inc’s (CareTrust REIT or the Company) primary business consists of acquiring, financing, developing and owning real property to be leased to third-party tenants in the healthcare sector. As of March 31, 2024, the Company owned directly or through a joint venture and leased to independent operators, 228 skilled nursing facilities (SNFs), multi-service campuses, assisted living facilities (ALFs) and independent living facilities (ILFs) consisting of 24,189 operational beds and units located in 29 states with the highest concentration of properties by rental income located in California and Texas.