Voya Investment Management LLC increased its position in shares of CareTrust REIT, Inc. (NASDAQ:CTRE) by 41.8% during the second quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 33,145 shares of the real estate investment trust’s stock after acquiring an additional 9,771 shares during the period. Voya Investment Management LLC’s holdings in CareTrust REIT were worth $615,000 as of its most recent filing with the Securities and Exchange Commission.
Other institutional investors have also recently bought and sold shares of the company. IndexIQ Advisors LLC increased its holdings in CareTrust REIT by 22.7% during the 2nd quarter. IndexIQ Advisors LLC now owns 86,619 shares of the real estate investment trust’s stock worth $1,606,000 after acquiring an additional 15,999 shares during the period. Citigroup Inc. increased its holdings in CareTrust REIT by 12.3% during the 2nd quarter. Citigroup Inc. now owns 81,318 shares of the real estate investment trust’s stock worth $1,508,000 after acquiring an additional 8,909 shares during the period. Fox Run Management L.L.C. bought a new stake in CareTrust REIT during the 2nd quarter worth approximately $313,000. Bank of America Corp DE increased its holdings in CareTrust REIT by 191.4% during the 1st quarter. Bank of America Corp DE now owns 765,382 shares of the real estate investment trust’s stock worth $12,873,000 after acquiring an additional 502,765 shares during the period. Finally, BNP Paribas Arbitrage SA increased its holdings in CareTrust REIT by 27.6% during the 2nd quarter. BNP Paribas Arbitrage SA now owns 45,843 shares of the real estate investment trust’s stock worth $850,000 after acquiring an additional 9,918 shares during the period. 89.56% of the stock is currently owned by institutional investors and hedge funds.
CTRE has been the topic of a number of analyst reports. Zacks Investment Research raised shares of CareTrust REIT from a “sell” rating to a “buy” rating and set a $21.00 target price on the stock in a report on Tuesday, October 24th. BidaskClub raised shares of CareTrust REIT from a “hold” rating to a “buy” rating in a report on Saturday, August 19th. KeyCorp reissued a “buy” rating and issued a $20.00 price target on shares of CareTrust REIT in a research note on Friday, August 25th. Finally, Capital One Financial Corporation reissued an “equal weight” rating and issued a $21.00 price target on shares of CareTrust REIT in a research note on Sunday, October 22nd. Five investment analysts have rated the stock with a hold rating and five have assigned a buy rating to the stock. The company presently has a consensus rating of “Buy” and an average price target of $19.00.
The business also recently disclosed a quarterly dividend, which was paid on Friday, October 13th. Stockholders of record on Friday, September 29th were given a dividend of $0.185 per share. This represents a $0.74 annualized dividend and a dividend yield of Infinity. The ex-dividend date was Thursday, September 28th. CareTrust REIT’s payout ratio is currently 164.45%.
CareTrust REIT Company Profile
CareTrust REIT, Inc is a self-administered, self-managed real estate investment trust. The Company is engaged in the ownership, acquisition and leasing of healthcare-related properties. It makes investments in healthcare-related real estate assets. As of December 31, 2016, its real estate portfolio included 154 skilled nursing facilities (SNFs), SNF Campuses, assisted living facilities and independent living facilities.
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