Quantinno Capital Management LP lifted its holdings in CareTrust REIT, Inc. (NYSE:CTRE - Free Report) by 217.1% in the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 116,767 shares of the company's stock after buying an additional 79,940 shares during the period. Quantinno Capital Management LP's holdings in CareTrust REIT were worth $4,280,000 as of its most recent SEC filing.
A number of other institutional investors and hedge funds have also modified their holdings of the business. D.A. Davidson & CO. lifted its holdings in shares of CareTrust REIT by 0.7% during the 4th quarter. D.A. Davidson & CO. now owns 40,781 shares of the company's stock worth $1,475,000 after acquiring an additional 282 shares during the period. Swiss Life Asset Management Ltd increased its stake in CareTrust REIT by 2.9% in the fourth quarter. Swiss Life Asset Management Ltd now owns 10,309 shares of the company's stock valued at $373,000 after acquiring an additional 291 shares during the period. Kestra Private Wealth Services LLC raised its position in CareTrust REIT by 1.1% in the first quarter. Kestra Private Wealth Services LLC now owns 27,684 shares of the company's stock worth $1,015,000 after purchasing an additional 297 shares in the last quarter. Tocqueville Asset Management L.P. lifted its stake in CareTrust REIT by 2.8% during the third quarter. Tocqueville Asset Management L.P. now owns 10,900 shares of the company's stock worth $378,000 after purchasing an additional 300 shares during the period. Finally, UMB Bank n.a. boosted its holdings in CareTrust REIT by 25.3% during the fourth quarter. UMB Bank n.a. now owns 1,525 shares of the company's stock valued at $55,000 after purchasing an additional 308 shares in the last quarter. Hedge funds and other institutional investors own 87.77% of the company's stock.
CareTrust REIT Stock Performance
NYSE:CTRE opened at $41.22 on Friday. The stock has a market capitalization of $9.74 billion, a P/E ratio of 25.92, a price-to-earnings-growth ratio of 1.85 and a beta of 0.75. The company has a current ratio of 2.38, a quick ratio of 2.37 and a debt-to-equity ratio of 0.22. CareTrust REIT, Inc. has a 1 year low of $32.25 and a 1 year high of $43.62. The firm has a 50 day moving average of $40.11 and a 200-day moving average of $39.53.
CareTrust REIT Announces Dividend
The firm also recently announced a quarterly dividend, which was paid on Wednesday, July 15th. Shareholders of record on Tuesday, June 30th were given a dividend of $0.39 per share. The ex-dividend date was Tuesday, June 30th. This represents a $1.56 dividend on an annualized basis and a yield of 3.8%. CareTrust REIT's dividend payout ratio is presently 100.00%.
Analyst Upgrades and Downgrades
A number of equities analysts have recently issued reports on CTRE shares. Mizuho set a $45.00 target price on CareTrust REIT in a report on Friday, May 22nd. Citigroup reaffirmed a "market outperform" rating on shares of CareTrust REIT in a research note on Wednesday, June 10th. Weiss Ratings upgraded CareTrust REIT from a "buy (b+)" rating to a "buy (a-)" rating in a research report on Wednesday. Zacks Research raised CareTrust REIT from a "strong sell" rating to a "hold" rating in a report on Monday, May 25th. Finally, Wells Fargo & Company boosted their target price on shares of CareTrust REIT from $42.00 to $47.00 and gave the company an "overweight" rating in a research note on Monday, June 1st. Two analysts have rated the stock with a Strong Buy rating, nine have issued a Buy rating and two have issued a Hold rating to the company's stock. Based on data from MarketBeat.com, the stock has a consensus rating of "Buy" and a consensus price target of $44.82.
Get Our Latest Stock Report on CTRE
CareTrust REIT Profile
(
Free Report)
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.
Further Reading
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