UBS Asset Management Americas Inc. raised its holdings in CareTrust REIT (NASDAQ:CTRE) by 17.0% during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 148,807 shares of the real estate investment trust’s stock after purchasing an additional 21,611 shares during the quarter. UBS Asset Management Americas Inc. owned 0.20% of CareTrust REIT worth $2,494,000 as of its most recent SEC filing.
A number of other large investors have also bought and sold shares of CTRE. First Trust Advisors LP grew its stake in CareTrust REIT by 45.3% during the 3rd quarter. First Trust Advisors LP now owns 110,897 shares of the real estate investment trust’s stock worth $2,111,000 after purchasing an additional 34,570 shares in the last quarter. Crossmark Global Holdings Inc. acquired a new position in CareTrust REIT during the 3rd quarter worth $399,000. Principal Financial Group Inc. grew its stake in CareTrust REIT by 2.8% during the 3rd quarter. Principal Financial Group Inc. now owns 683,410 shares of the real estate investment trust’s stock worth $13,012,000 after purchasing an additional 18,482 shares in the last quarter. BNP Paribas Arbitrage SA grew its stake in CareTrust REIT by 36.2% during the 3rd quarter. BNP Paribas Arbitrage SA now owns 62,430 shares of the real estate investment trust’s stock worth $1,189,000 after purchasing an additional 16,587 shares in the last quarter. Finally, Municipal Employees Retirement System of Michigan grew its stake in CareTrust REIT by 67.0% during the 3rd quarter. Municipal Employees Retirement System of Michigan now owns 28,570 shares of the real estate investment trust’s stock worth $544,000 after purchasing an additional 11,460 shares in the last quarter. Institutional investors own 91.41% of the company’s stock.
A number of analysts have issued reports on the company. Cantor Fitzgerald assumed coverage on CareTrust REIT in a report on Monday, March 5th. They set an “overweight” rating and a $16.00 price target for the company. BMO Capital Markets reaffirmed a “hold” rating and set a $15.00 price target on shares of CareTrust REIT in a report on Tuesday, March 27th. TheStreet downgraded CareTrust REIT from a “b” rating to a “c+” rating in a report on Wednesday, February 28th. KeyCorp set a $16.00 target price on CareTrust REIT and gave the company a “buy” rating in a report on Tuesday, March 6th. Finally, Zacks Investment Research downgraded CareTrust REIT from a “hold” rating to a “sell” rating in a report on Monday, January 15th. One investment analyst has rated the stock with a sell rating, six have assigned a hold rating and six have issued a buy rating to the company. CareTrust REIT currently has an average rating of “Hold” and a consensus target price of $18.00.
Shares of CTRE traded up $0.11 on Friday, reaching $13.63. The stock had a trading volume of 514,802 shares, compared to its average volume of 747,088. The stock has a market cap of $1,037.76, a P/E ratio of 11.45, a P/E/G ratio of 2.13 and a beta of 0.70. The company has a debt-to-equity ratio of 0.94, a current ratio of 0.70 and a quick ratio of 0.70. CareTrust REIT has a twelve month low of $12.96 and a twelve month high of $19.86.
CareTrust REIT (NASDAQ:CTRE) last released its quarterly earnings results on Tuesday, February 27th. The real estate investment trust reported $0.03 earnings per share for the quarter, missing analysts’ consensus estimates of $0.31 by ($0.28). The firm had revenue of $36.60 million during the quarter, compared to analyst estimates of $34.73 million. CareTrust REIT had a return on equity of 4.37% and a net margin of 19.46%. research analysts expect that CareTrust REIT will post 1.28 EPS for the current fiscal year.
The business also recently announced a quarterly dividend, which will be paid on Friday, April 13th. Shareholders of record on Friday, March 30th will be issued a dividend of $0.205 per share. This represents a $0.82 dividend on an annualized basis and a yield of 6.02%. The ex-dividend date is Wednesday, March 28th. This is a boost from CareTrust REIT’s previous quarterly dividend of $0.19. CareTrust REIT’s dividend payout ratio is 70.69%.
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CareTrust REIT Profile
CareTrust REIT, Inc is a self-administered, publicly-traded real estate investment trust engaged in the ownership, acquisition and leasing of seniors housing and healthcare-related properties. With 186 net leased healthcare properties and three operated seniors housing properties in 24 states, CareTrust is pursuing opportunities across the nation to acquire properties that will be leased to a diverse group of local, regional and national seniors housing operators, healthcare services providers, and other healthcare-related businesses.
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