Virtu Financial LLC Takes $329,000 Position in CareTrust REIT, Inc. $CTRE

Key Points

• Virtu Financial LLC acquired a new stake in CareTrust REIT, purchasing 11,496 shares valued at approximately $329,000 during the first quarter.
• Institutional investors hold 87.77% of CareTrust REIT's stock, with notable increases in positions from firms like Wells Fargo and Invesco during the fourth quarter.
• CareTrust REIT recently declared a quarterly dividend of $0.335, representing an annual dividend yield of 4.0% despite a high payout ratio of 111.67%.

Virtu Financial LLC purchased a new position in shares of CareTrust REIT, Inc. (NASDAQ:CTRE - Free Report) in the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor purchased 11,496 shares of the real estate investment trust's stock, valued at approximately $329,000.

A number of other large investors also recently bought and sold shares of the company. Quarry LP increased its holdings in shares of CareTrust REIT by 463.5% in the 4th quarter. Quarry LP now owns 1,854 shares of the real estate investment trust's stock valued at $50,000 after purchasing an additional 1,525 shares in the last quarter. Fifth Third Bancorp boosted its position in shares of CareTrust REIT by 217.5% in the first quarter. Fifth Third Bancorp now owns 1,978 shares of the real estate investment trust's stock worth $57,000 after acquiring an additional 1,355 shares during the last quarter. Glen Eagle Advisors LLC acquired a new position in CareTrust REIT during the fourth quarter valued at approximately $56,000. GF Fund Management CO. LTD. acquired a new position in CareTrust REIT during the fourth quarter valued at approximately $76,000. Finally, Pandora Wealth Inc. purchased a new stake in shares of CareTrust REIT during the first quarter valued at approximately $120,000. Hedge funds and other institutional investors own 87.77% of the company's stock.

CareTrust REIT Stock Down 0.1%

Shares of NASDAQ:CTRE traded down $0.04 during midday trading on Tuesday, reaching $33.54. The company had a trading volume of 510,496 shares, compared to its average volume of 1,948,633. CareTrust REIT, Inc. has a 1-year low of $24.79 and a 1-year high of $34.00. The company has a quick ratio of 3.82, a current ratio of 3.82 and a debt-to-equity ratio of 0.14. The business's 50 day moving average price is $31.06 and its 200 day moving average price is $28.95. The stock has a market cap of $6.72 billion, a PE ratio of 42.46, a P/E/G ratio of 1.25 and a beta of 0.85.

CareTrust REIT Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, July 15th. Shareholders of record on Monday, June 30th were given a dividend of $0.335 per share. This represents a $1.34 dividend on an annualized basis and a yield of 4.0%. The ex-dividend date of this dividend was Monday, June 30th. CareTrust REIT's payout ratio is 111.67%.

Wall Street Analysts Forecast Growth

CTRE has been the subject of a number of research analyst reports. Royal Bank Of Canada restated an "outperform" rating on shares of CareTrust REIT in a research note on Monday, August 11th. KeyCorp upped their price objective on shares of CareTrust REIT from $33.00 to $36.00 and gave the stock an "overweight" rating in a report on Thursday, August 14th. Finally, Wells Fargo & Company upped their price objective on shares of CareTrust REIT from $31.00 to $32.00 and gave the company an "overweight" rating in a research note on Monday, June 2nd. Four equities research analysts have rated the stock with a Buy rating, one has assigned a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and an average target price of $31.50.

CareTrust REIT Company 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.