CareTrust REIT, Inc. (NASDAQ:CTRE) Shares Sold by Victory Capital Management Inc.

Victory Capital Management Inc. reduced its position in shares of CareTrust REIT, Inc. (NASDAQ:CTRE - Free Report) by 18.0% in the fourth quarter, according to its most recent filing with the SEC. The fund owned 874,205 shares of the real estate investment trust's stock after selling 191,278 shares during the quarter. Victory Capital Management Inc. owned about 0.73% of CareTrust REIT worth $19,565,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. ORG Partners LLC bought a new position in CareTrust REIT during the third quarter valued at $31,000. Global Retirement Partners LLC grew its position in CareTrust REIT by 113.9% in the fourth quarter. Global Retirement Partners LLC now owns 1,388 shares of the real estate investment trust's stock worth $31,000 after acquiring an additional 739 shares in the last quarter. AlphaMark Advisors LLC increased its stake in CareTrust REIT by 245.2% during the fourth quarter. AlphaMark Advisors LLC now owns 3,625 shares of the real estate investment trust's stock worth $81,000 after acquiring an additional 2,575 shares during the last quarter. Ninepoint Partners LP purchased a new stake in CareTrust REIT during the third quarter valued at approximately $113,000. Finally, Commonwealth Equity Services LLC lifted its stake in shares of CareTrust REIT by 7.6% in the 3rd quarter. Commonwealth Equity Services LLC now owns 11,611 shares of the real estate investment trust's stock valued at $238,000 after purchasing an additional 817 shares during the last quarter. 87.77% of the stock is currently owned by institutional investors.

CareTrust REIT Trading Up 0.5 %

CTRE stock traded up $0.12 during trading on Friday, hitting $24.67. The company had a trading volume of 632,730 shares, compared to its average volume of 1,319,362. CareTrust REIT, Inc. has a 52-week low of $18.18 and a 52-week high of $26.43. The company has a 50 day simple moving average of $24.03 and a 200-day simple moving average of $22.86. The firm has a market capitalization of $3.50 billion, a P/E ratio of 47.44 and a beta of 1.03. The company has a quick ratio of 12.80, a current ratio of 12.80 and a debt-to-equity ratio of 0.36.

CareTrust REIT Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Monday, April 15th. Stockholders of record on Thursday, March 28th were given a dividend of $0.29 per share. The ex-dividend date was Wednesday, March 27th. This is a positive change from CareTrust REIT's previous quarterly dividend of $0.28. This represents a $1.16 dividend on an annualized basis and a dividend yield of 4.70%. CareTrust REIT's dividend payout ratio (DPR) is 223.08%.

Analyst Upgrades and Downgrades

Several equities analysts have recently weighed in on CTRE shares. KeyCorp boosted their target price on CareTrust REIT from $25.00 to $27.00 and gave the company an "overweight" rating in a research report on Thursday. Deutsche Bank Aktiengesellschaft started coverage on shares of CareTrust REIT in a report on Tuesday, January 30th. They issued a "hold" rating and a $23.00 target price for the company. Finally, Royal Bank of Canada cut their price target on shares of CareTrust REIT from $25.00 to $24.00 and set an "outperform" rating on the stock in a report on Wednesday, January 31st. Three equities research analysts have rated the stock with a hold rating and five have issued a buy rating to the company. According to MarketBeat, the stock presently has an average rating of "Moderate Buy" and an average price target of $23.86.

CareTrust REIT Profile

CareTrust REIT, Inc is a self-administered, publicly-traded real estate investment trust engaged in the ownership, acquisition, development and leasing of skilled nursing, seniors housing and other healthcare-related properties. With a nationwide portfolio of long-term net-leased properties, and a growing portfolio of quality operators leasing them, CareTrust REIT is pursuing both external and organic growth opportunities across the United States.