DekaBank Deutsche Girozentrale Sells 8,179 Shares of CareTrust REIT, Inc. (NASDAQ:CTRE)

DekaBank Deutsche Girozentrale lowered its position in CareTrust REIT, Inc. (NASDAQ:CTRE - Free Report) by 9.1% during the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 81,719 shares of the real estate investment trust's stock after selling 8,179 shares during the quarter. DekaBank Deutsche Girozentrale's holdings in CareTrust REIT were worth $2,313,000 at the end of the most recent reporting period.

Other institutional investors have also recently made changes to their positions in the company. Vanguard Group Inc. lifted its stake in shares of CareTrust REIT by 18.5% during the 4th quarter. Vanguard Group Inc. now owns 27,300,633 shares of the real estate investment trust's stock worth $738,482,000 after acquiring an additional 4,263,097 shares during the last quarter. FMR LLC increased its stake in CareTrust REIT by 51.8% in the fourth quarter. FMR LLC now owns 7,932,946 shares of the real estate investment trust's stock worth $214,586,000 after purchasing an additional 2,708,050 shares during the period. Geode Capital Management LLC lifted its position in shares of CareTrust REIT by 23.8% during the fourth quarter. Geode Capital Management LLC now owns 4,620,274 shares of the real estate investment trust's stock worth $125,006,000 after purchasing an additional 887,665 shares during the last quarter. Balyasny Asset Management L.P. boosted its stake in shares of CareTrust REIT by 149.6% during the fourth quarter. Balyasny Asset Management L.P. now owns 2,708,664 shares of the real estate investment trust's stock valued at $73,269,000 after purchasing an additional 1,623,297 shares during the period. Finally, Northern Trust Corp grew its holdings in shares of CareTrust REIT by 45.1% in the fourth quarter. Northern Trust Corp now owns 2,469,640 shares of the real estate investment trust's stock worth $66,804,000 after purchasing an additional 767,640 shares during the last quarter. Institutional investors own 87.77% of the company's stock.

CareTrust REIT Stock Down 0.2%

NASDAQ CTRE traded down $0.07 on Thursday, reaching $30.34. 1,573,265 shares of the stock traded hands, compared to its average volume of 1,856,426. CareTrust REIT, Inc. has a 12 month low of $24.79 and a 12 month high of $33.15. The company has a market cap of $5.82 billion, a price-to-earnings ratio of 38.40, a PEG ratio of 1.25 and a beta of 0.84. The company has a fifty day moving average price of $29.62 and a 200-day moving average price of $28.11. The company has a debt-to-equity ratio of 0.14, a quick ratio of 3.82 and a current ratio of 3.82.

CareTrust REIT Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, July 15th. Stockholders of record on Monday, June 30th were given a $0.335 dividend. The ex-dividend date of this dividend was Monday, June 30th. This represents a $1.34 annualized dividend and a dividend yield of 4.42%. CareTrust REIT's payout ratio is presently 145.65%.

Analyst Upgrades and Downgrades

Separately, Wells Fargo & Company lifted their price objective on shares of CareTrust REIT from $31.00 to $32.00 and gave the company an "overweight" rating in a report on Monday, June 2nd. One investment analyst has rated the stock with a sell rating, one has issued a hold rating and four have given a buy rating to the stock. According to MarketBeat.com, CareTrust REIT has an average rating of "Moderate Buy" and an average price target 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.