CareTrust REIT, Inc. (NASDAQ:CTRE) Shares Sold by Vontobel Holding Ltd.

Vontobel Holding Ltd. lowered its stake in CareTrust REIT, Inc. (NASDAQ:CTRE - Free Report) by 40.3% in the 1st quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 16,358 shares of the real estate investment trust's stock after selling 11,020 shares during the quarter. Vontobel Holding Ltd.'s holdings in CareTrust REIT were worth $468,000 at the end of the most recent quarter.

Other institutional investors have also bought and sold shares of the company. Corient Private Wealth LLC lifted its holdings in CareTrust REIT by 9.2% in the fourth quarter. Corient Private Wealth LLC now owns 22,481 shares of the real estate investment trust's stock worth $608,000 after purchasing an additional 1,903 shares during the period. Cambridge Investment Research Advisors Inc. lifted its holdings in CareTrust REIT by 8.1% in the first quarter. Cambridge Investment Research Advisors Inc. now owns 48,495 shares of the real estate investment trust's stock worth $1,386,000 after purchasing an additional 3,626 shares during the period. Charles Schwab Investment Management Inc. lifted its holdings in CareTrust REIT by 24.5% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 2,891,679 shares of the real estate investment trust's stock worth $78,220,000 after purchasing an additional 568,634 shares during the period. Asset Management One Co. Ltd. raised its position in CareTrust REIT by 4.0% in the first quarter. Asset Management One Co. Ltd. now owns 416,091 shares of the real estate investment trust's stock worth $11,892,000 after acquiring an additional 16,008 shares in the last quarter. Finally, Balance Wealth LLC bought a new stake in CareTrust REIT in the first quarter worth about $437,000. Institutional investors and hedge funds own 87.77% of the company's stock.

CareTrust REIT Price Performance

NASDAQ CTRE opened at $31.01 on Tuesday. The stock's 50-day moving average price is $29.34 and its two-hundred day moving average price is $27.92. The company has a current ratio of 3.82, a quick ratio of 3.82 and a debt-to-equity ratio of 0.14. The company has a market cap of $5.94 billion, a PE ratio of 39.25, a PEG ratio of 1.25 and a beta of 0.84. CareTrust REIT, Inc. has a 1 year low of $24.79 and a 1 year high of $33.15.

CareTrust REIT Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, July 15th. Shareholders of record on Monday, June 30th will be issued a dividend of $0.335 per share. The ex-dividend date of this dividend is Monday, June 30th. This represents a $1.34 annualized dividend and a yield of 4.32%. CareTrust REIT's payout ratio is presently 145.65%.

Analyst Upgrades and Downgrades

Several brokerages have commented on CTRE. Wells Fargo & Company boosted their price target on shares of CareTrust REIT from $31.00 to $32.00 and gave the stock an "overweight" rating in a research report on Monday, June 2nd. Deutsche Bank Aktiengesellschaft upgraded shares of CareTrust REIT from a "hold" rating to a "buy" rating and set a $31.00 price target on the stock in a research report on Thursday, March 13th. Finally, Wedbush reiterated an "underperform" rating and issued a $26.00 price target on shares of CareTrust REIT in a research report on Friday, March 14th. One investment analyst has rated the stock with a sell rating, one has given a hold rating and four have issued a buy rating to the company's stock. Based on data from MarketBeat, CareTrust REIT has a consensus rating of "Moderate Buy" and an average target price of $31.17.

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.

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