CareTrust REIT, Inc. $CTRE Shares Purchased by Quantbot Technologies LP

Quantbot Technologies LP boosted its position in shares of CareTrust REIT, Inc. (NASDAQ:CTRE) by 575.9% in the third quarter, according to the company in its most recent filing with the SEC. The firm owned 157,461 shares of the real estate investment trust’s stock after acquiring an additional 134,165 shares during the quarter. Quantbot Technologies LP owned about 0.07% of CareTrust REIT worth $5,461,000 at the end of the most recent reporting period.

Several other large investors have also added to or reduced their stakes in the company. Segall Bryant & Hamill LLC lifted its stake in CareTrust REIT by 33.5% during the 2nd quarter. Segall Bryant & Hamill LLC now owns 722,727 shares of the real estate investment trust’s stock valued at $22,115,000 after acquiring an additional 181,280 shares during the period. Universal Beteiligungs und Servicegesellschaft mbH raised its holdings in shares of CareTrust REIT by 34.0% during the second quarter. Universal Beteiligungs und Servicegesellschaft mbH now owns 306,495 shares of the real estate investment trust’s stock worth $9,379,000 after purchasing an additional 77,720 shares during the last quarter. Nomura Asset Management Co. Ltd. lifted its position in CareTrust REIT by 4.4% during the second quarter. Nomura Asset Management Co. Ltd. now owns 271,310 shares of the real estate investment trust’s stock valued at $8,302,000 after purchasing an additional 11,440 shares during the period. Metis Global Partners LLC boosted its holdings in CareTrust REIT by 33.4% in the second quarter. Metis Global Partners LLC now owns 31,718 shares of the real estate investment trust’s stock valued at $971,000 after purchasing an additional 7,945 shares during the last quarter. Finally, Aberdeen Group plc grew its position in CareTrust REIT by 22.1% during the 3rd quarter. Aberdeen Group plc now owns 84,824 shares of the real estate investment trust’s stock worth $2,911,000 after purchasing an additional 15,374 shares during the period. Hedge funds and other institutional investors own 87.77% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of analysts have recently commented on CTRE shares. Jefferies Financial Group upped their target price on CareTrust REIT from $41.00 to $43.00 and gave the stock a “buy” rating in a research note on Monday, December 15th. Wells Fargo & Company upped their price objective on CareTrust REIT from $38.00 to $41.00 and gave the stock an “overweight” rating in a research report on Tuesday, November 25th. Cantor Fitzgerald raised their price objective on shares of CareTrust REIT from $37.00 to $42.00 and gave the stock a “neutral” rating in a research note on Tuesday, February 17th. Royal Bank Of Canada boosted their target price on shares of CareTrust REIT from $41.00 to $44.00 and gave the company an “outperform” rating in a research note on Tuesday. Finally, UBS Group increased their price target on shares of CareTrust REIT from $44.00 to $48.00 and gave the stock a “buy” rating in a report on Wednesday, February 18th. One investment analyst has rated the stock with a Strong Buy rating, eight have assigned a Buy rating, one has issued a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of $40.18.

CareTrust REIT Price Performance

Shares of NASDAQ CTRE opened at $40.65 on Friday. The company has a debt-to-equity ratio of 0.14, a quick ratio of 3.82 and a current ratio of 3.82. The firm has a fifty day moving average of $37.92 and a 200 day moving average of $36.14. The firm has a market cap of $9.07 billion, a PE ratio of 51.46, a PEG ratio of 1.25 and a beta of 0.75. CareTrust REIT, Inc. has a one year low of $25.48 and a one year high of $41.72.

CareTrust REIT Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Thursday, January 15th. Investors of record on Wednesday, December 31st were paid a $0.335 dividend. The ex-dividend date of this dividend was Wednesday, December 31st. This represents a $1.34 dividend on an annualized basis and a yield of 3.3%. CareTrust REIT’s dividend payout ratio (DPR) is currently 86.45%.

CareTrust REIT Company Profile

CareTrust REIT, Inc is a healthcare-focused real estate investment trust that acquires and manages net-leased properties serving the senior housing and medical markets. The company’s portfolio spans skilled nursing facilities, assisted living communities, independent living properties, medical office buildings and life science facilities. By structuring leases on a triple-net basis, CareTrust REIT offers long-term, stable rental income streams while allowing its tenants to operate and maintain their specialized healthcare facilities.

The company’s assets are geographically diversified across the United States, with a concentration in regions experiencing aging demographics and growing demand for senior care services.