Keeley Teton Advisors LLC increased its holdings in shares of CareTrust REIT, Inc. (NASDAQ:CTRE – Get Rating) by 2.5% during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 428,071 shares of the real estate investment trust's stock after acquiring an additional 10,545 shares during the quarter. CareTrust REIT makes up about 0.9% of Keeley Teton Advisors LLC's holdings, making the stock its 18th largest position. Keeley Teton Advisors LLC owned about 0.44% of CareTrust REIT worth $8,262,000 at the end of the most recent quarter.
A number of other hedge funds have also bought and sold shares of the business. Vanguard Group Inc. lifted its holdings in CareTrust REIT by 1.0% during the first quarter. Vanguard Group Inc. now owns 15,671,455 shares of the real estate investment trust's stock worth $302,460,000 after acquiring an additional 162,349 shares during the period. State Street Corp lifted its holdings in CareTrust REIT by 12.1% during the first quarter. State Street Corp now owns 5,959,881 shares of the real estate investment trust's stock worth $116,638,000 after acquiring an additional 641,444 shares during the period. American Century Companies Inc. lifted its holdings in CareTrust REIT by 27.9% during the first quarter. American Century Companies Inc. now owns 2,512,259 shares of the real estate investment trust's stock worth $48,487,000 after acquiring an additional 548,150 shares during the period. JPMorgan Chase & Co. increased its position in CareTrust REIT by 101.1% in the fourth quarter. JPMorgan Chase & Co. now owns 2,034,849 shares of the real estate investment trust's stock worth $46,455,000 after buying an additional 1,022,938 shares during the last quarter. Finally, Invesco Ltd. increased its position in CareTrust REIT by 11.8% in the first quarter. Invesco Ltd. now owns 1,446,190 shares of the real estate investment trust's stock worth $27,911,000 after buying an additional 152,896 shares during the last quarter. 83.99% of the stock is currently owned by institutional investors.
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Analysts Set New Price Targets
A number of analysts have issued reports on CTRE shares. KeyCorp decreased their target price on CareTrust REIT from $23.00 to $21.00 and set an "overweight" rating for the company in a research report on Thursday, July 7th. Capital One Financial started coverage on CareTrust REIT in a research report on Friday, June 3rd. They issued an "equal weight" rating and a $21.50 target price for the company. Finally, Barclays raised their target price on CareTrust REIT from $17.00 to $20.00 in a research report on Monday, August 8th. Six equities research analysts have rated the stock with a hold rating, two have assigned a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of "Hold" and a consensus target price of $21.56.
CareTrust REIT Price Performance
Shares of NASDAQ CTRE opened at $20.65 on Wednesday. The stock has a market cap of $2.00 billion, a PE ratio of 295.00 and a beta of 1.10. CareTrust REIT, Inc. has a fifty-two week low of $15.90 and a fifty-two week high of $23.59. The company has a debt-to-equity ratio of 0.95, a quick ratio of 1.43 and a current ratio of 1.43. The stock has a fifty day moving average of $20.79 and a 200-day moving average of $18.91.
CareTrust REIT Dividend Announcement
The business also recently declared a dividend, which was paid on Friday, July 15th. Stockholders of record on Thursday, June 30th were given a $0.275 dividend. This represents a dividend yield of 6.29%. The ex-dividend date was Wednesday, June 29th. CareTrust REIT's dividend payout ratio (DPR) is presently 1,571.43%.
CareTrust REIT Profile
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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.
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