Values First Advisors Inc. Buys 965 Shares of CareTrust REIT, Inc. (NASDAQ:CTRE)

Values First Advisors Inc. increased its stake in CareTrust REIT, Inc. (NASDAQ:CTRE) by 9.2% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 11,401 shares of the real estate investment trust’s stock after purchasing an additional 965 shares during the period. Values First Advisors Inc.’s holdings in CareTrust REIT were worth $255,000 as of its most recent SEC filing.

Several other institutional investors have also recently bought and sold shares of CTRE. Envestnet Asset Management Inc. raised its position in CareTrust REIT by 15.2% in the 1st quarter. Envestnet Asset Management Inc. now owns 18,759 shares of the real estate investment trust’s stock worth $362,000 after purchasing an additional 2,480 shares during the last quarter. US Bancorp DE grew its holdings in CareTrust REIT by 16.2% during the 1st quarter. US Bancorp DE now owns 7,204 shares of the real estate investment trust’s stock worth $139,000 after acquiring an additional 1,006 shares during the period. MetLife Investment Management LLC grew its holdings in CareTrust REIT by 57.6% during the 1st quarter. MetLife Investment Management LLC now owns 52,286 shares of the real estate investment trust’s stock worth $1,009,000 after acquiring an additional 19,120 shares during the period. Rhumbline Advisers grew its holdings in CareTrust REIT by 1.1% during the 1st quarter. Rhumbline Advisers now owns 289,358 shares of the real estate investment trust’s stock worth $5,585,000 after acquiring an additional 3,062 shares during the period. Finally, Commonwealth of Pennsylvania Public School Empls Retrmt SYS grew its holdings in CareTrust REIT by 14.1% during the 1st quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 83,652 shares of the real estate investment trust’s stock worth $1,614,000 after acquiring an additional 10,314 shares during the period. Institutional investors own 87.77% of the company’s stock.

Analyst Ratings Changes

CTRE has been the subject of a number of analyst reports. Royal Bank of Canada lowered their target price on shares of CareTrust REIT from $25.00 to $24.00 and set an “outperform” rating for the company in a report on Wednesday, January 31st. KeyCorp lifted their target price on shares of CareTrust REIT from $22.00 to $25.00 and gave the stock an “overweight” rating in a report on Friday, January 5th. Finally, Deutsche Bank Aktiengesellschaft began coverage on shares of CareTrust REIT in a report on Tuesday, January 30th. They set a “hold” rating and a $23.00 target price for the company. Three investment analysts have rated the stock with a hold rating and five have assigned a buy rating to the stock. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $23.57.

CareTrust REIT Stock Up 0.7 %

NASDAQ CTRE traded up $0.17 on Thursday, reaching $24.37. The company had a trading volume of 855,295 shares, compared to its average volume of 1,490,054. The firm has a market capitalization of $3.29 billion, a price-to-earnings ratio of 49.72 and a beta of 1.04. The company has a debt-to-equity ratio of 0.42, a quick ratio of 8.67 and a current ratio of 8.67. CareTrust REIT, Inc. has a 1-year low of $18.18 and a 1-year high of $24.57. The company’s fifty day moving average is $22.70 and its 200-day moving average is $22.14.

CareTrust REIT Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Monday, April 15th. Investors of record on Thursday, March 28th will be paid a $0.29 dividend. The ex-dividend date is 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 yield of 4.76%. CareTrust REIT’s dividend payout ratio is presently 228.57%.

CareTrust REIT Company 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.