41,500 Shares in CareTrust REIT, Inc. $CTRE Acquired by WINTON GROUP Ltd

Key Points

• WINTON GROUP Ltd acquired a new stake of 41,500 shares in CareTrust REIT (NASDAQ:CTRE) in the third quarter, valued at about $1.44 million.
• Institutional investors own roughly 87.77% of CTRE, with Vanguard now holding 32,973,216 shares (after adding ~4.07 million shares), and other large increases from Invesco, State Street and Dimensional Fund Advisors.
• Analysts have raised price targets and maintain a positive view—CTRE has an average rating of "Moderate Buy" and an average price target of $40.18, with several firms lifting targets into the $40–$43 range.

WINTON GROUP Ltd acquired a new stake in CareTrust REIT, Inc. (NASDAQ:CTRE - Free Report) in the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm acquired 41,500 shares of the real estate investment trust's stock, valued at approximately $1,439,000.

A number of other hedge funds also recently made changes to their positions in the company. Vanguard Group Inc. lifted its position in shares of CareTrust REIT by 14.1% during the third quarter. Vanguard Group Inc. now owns 32,973,216 shares of the real estate investment trust's stock worth $1,143,511,000 after purchasing an additional 4,067,975 shares in the last quarter. State Street Corp grew its holdings in CareTrust REIT by 2.1% during the 2nd quarter. State Street Corp now owns 10,929,194 shares of the real estate investment trust's stock valued at $338,026,000 after purchasing an additional 225,460 shares in the last quarter. Geode Capital Management LLC grew its holdings in CareTrust REIT by 1.7% during the 2nd quarter. Geode Capital Management LLC now owns 5,003,751 shares of the real estate investment trust's stock valued at $153,132,000 after purchasing an additional 84,904 shares in the last quarter. Invesco Ltd. increased its stake in CareTrust REIT by 201.8% during the 2nd quarter. Invesco Ltd. now owns 3,772,350 shares of the real estate investment trust's stock worth $115,434,000 after buying an additional 2,522,260 shares during the period. Finally, Dimensional Fund Advisors LP increased its stake in CareTrust REIT by 17.8% during the 3rd quarter. Dimensional Fund Advisors LP now owns 3,100,590 shares of the real estate investment trust's stock worth $107,525,000 after buying an additional 468,719 shares during the period. Hedge funds and other institutional investors own 87.77% of the company's stock.

Analysts Set New Price Targets

A number of equities analysts have weighed in on CTRE shares. KeyCorp upped their price objective on shares of CareTrust REIT from $36.00 to $40.00 and gave the company an "overweight" rating in a research report on Thursday, December 4th. Jefferies Financial Group lifted their target price on CareTrust REIT from $41.00 to $43.00 and gave the stock a "buy" rating in a research report on Monday, December 15th. Citigroup initiated coverage on CareTrust REIT in a research note on Thursday, January 22nd. They issued a "market outperform" rating on the stock. Cantor Fitzgerald increased their price target on CareTrust REIT from $37.00 to $42.00 and gave the company a "neutral" rating in a report on Tuesday, February 17th. Finally, Wells Fargo & Company raised their price objective on CareTrust REIT from $38.00 to $41.00 and gave the company an "overweight" rating in a research note on Tuesday, November 25th. One equities research analyst has rated the stock with a Strong Buy rating, eight have assigned a Buy rating, one has issued a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat, CareTrust REIT has an average rating of "Moderate Buy" and an average price target of $40.18.

CareTrust REIT Trading Up 0.2%

CTRE opened at $39.96 on Wednesday. CareTrust REIT, Inc. has a 12-month low of $25.67 and a 12-month high of $41.72. The company has a debt-to-equity ratio of 0.14, a current ratio of 3.82 and a quick ratio of 3.82. The stock has a market capitalization of $8.92 billion, a PE ratio of 50.58, a P/E/G ratio of 1.25 and a beta of 0.74. The firm's fifty day moving average price is $38.36 and its 200 day moving average price is $36.45.

CareTrust REIT Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Thursday, January 15th. Stockholders of record on Wednesday, December 31st were paid a $0.335 dividend. This represents a $1.34 dividend on an annualized basis and a dividend yield of 3.4%. The ex-dividend date was Wednesday, December 31st. CareTrust REIT's dividend payout ratio is 86.45%.

CareTrust REIT Company Profile

CareTrust REIT, Inc is a healthcare-focused real estate investment trust that acquires and manages net-leased properties serving the senior housing and medical markets. The company's portfolio spans skilled nursing facilities, assisted living communities, independent living properties, medical office buildings and life science facilities. By structuring leases on a triple-net basis, CareTrust REIT offers long-term, stable rental income streams while allowing its tenants to operate and maintain their specialized healthcare facilities.

The company’s assets are geographically diversified across the United States, with a concentration in regions experiencing aging demographics and growing demand for senior care services.

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