Macquarie Group Ltd. trimmed its position in shares of CareTrust REIT, Inc. (NASDAQ:CTRE) by 37.2% during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 7,100 shares of the real estate investment trust’s stock after selling 4,200 shares during the period. Macquarie Group Ltd.’s holdings in CareTrust REIT were worth $135,000 as of its most recent SEC filing.
Other large investors have also recently modified their holdings of the company. Ameriprise Financial Inc. grew its stake in CareTrust REIT by 3.5% in the 3rd quarter. Ameriprise Financial Inc. now owns 393,287 shares of the real estate investment trust’s stock worth $7,488,000 after acquiring an additional 13,285 shares in the last quarter. Commonwealth Equity Services Inc bought a new position in CareTrust REIT in the 3rd quarter worth about $318,000. Comerica Bank grew its stake in CareTrust REIT by 5.2% in the 3rd quarter. Comerica Bank now owns 80,095 shares of the real estate investment trust’s stock worth $1,530,000 after acquiring an additional 3,939 shares in the last quarter. Rhumbline Advisers grew its stake in CareTrust REIT by 3.2% in the 3rd quarter. Rhumbline Advisers now owns 156,579 shares of the real estate investment trust’s stock worth $2,981,000 after acquiring an additional 4,924 shares in the last quarter. Finally, Los Angeles Capital Management & Equity Research Inc. grew its stake in CareTrust REIT by 17.7% in the 3rd quarter. Los Angeles Capital Management & Equity Research Inc. now owns 19,952 shares of the real estate investment trust’s stock worth $380,000 after acquiring an additional 3,002 shares in the last quarter. Institutional investors own 91.15% of the company’s stock.
CareTrust REIT, Inc. (CTRE) opened at $16.99 on Friday. The company has a debt-to-equity ratio of 0.81, a quick ratio of 1.60 and a current ratio of 1.60. CareTrust REIT, Inc. has a one year low of $14.71 and a one year high of $19.86. The stock has a market cap of $1,290.00, a P/E ratio of 36.93, a PEG ratio of 3.72 and a beta of 0.68.
The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, January 16th. Stockholders of record on Friday, December 29th will be paid a dividend of $0.185 per share. The ex-dividend date of this dividend is Thursday, December 28th. This represents a $0.74 dividend on an annualized basis and a dividend yield of 4.36%. CareTrust REIT’s dividend payout ratio is presently 160.87%.
A number of equities analysts have commented on the stock. Stifel Nicolaus restated a “hold” rating and issued a $19.00 target price (up from $17.00) on shares of CareTrust REIT in a research note on Thursday, November 9th. KeyCorp restated a “buy” rating and issued a $20.00 target price on shares of CareTrust REIT in a research note on Friday, August 25th. Capital One Financial assumed coverage on shares of CareTrust REIT in a research note on Monday, October 23rd. They issued an “equal weight” rating and a $21.00 target price on the stock. Zacks Investment Research upgraded shares of CareTrust REIT from a “sell” rating to a “hold” rating in a research note on Tuesday, September 19th. Finally, BMO Capital Markets restated a “hold” rating and issued a $20.00 target price on shares of CareTrust REIT in a research note on Thursday, November 9th. One investment analyst has rated the stock with a sell rating, five have assigned a hold rating and four have given a buy rating to the company. The stock currently has a consensus rating of “Hold” and a consensus target price of $19.44.
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CareTrust REIT 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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