CareTrust REIT, Inc. $CTRE Shares Sold by Sei Investments Co.

Sei Investments Co. decreased its holdings in shares of CareTrust REIT, Inc. (NYSE:CTRE) by 35.9% in the first quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 689,621 shares of the company’s stock after selling 385,850 shares during the quarter. Sei Investments Co.’s holdings in CareTrust REIT were worth $25,275,000 as of its most recent SEC filing.

A number of other hedge funds have also modified their holdings of CTRE. Kemnay Advisory Services Inc. purchased a new position in shares of CareTrust REIT in the fourth quarter worth about $27,000. Transamerica Financial Advisors LLC grew its stake in CareTrust REIT by 520.0% during the 4th quarter. Transamerica Financial Advisors LLC now owns 868 shares of the company’s stock valued at $32,000 after acquiring an additional 728 shares in the last quarter. Allworth Financial LP grew its stake in CareTrust REIT by 114.0% during the 3rd quarter. Allworth Financial LP now owns 1,042 shares of the company’s stock valued at $36,000 after acquiring an additional 555 shares in the last quarter. Mcguire Capital Advisors Inc. purchased a new stake in CareTrust REIT during the 4th quarter valued at about $40,000. Finally, EverSource Wealth Advisors LLC raised its holdings in CareTrust REIT by 134.2% in the 2nd quarter. EverSource Wealth Advisors LLC now owns 1,124 shares of the company’s stock valued at $34,000 after acquiring an additional 644 shares during the last quarter. 87.77% of the stock is currently owned by institutional investors and hedge funds.

CareTrust REIT Price Performance

CTRE stock opened at $42.75 on Wednesday. The business has a fifty day moving average of $40.09 and a two-hundred day moving average of $39.31. The company has a quick ratio of 2.37, a current ratio of 2.38 and a debt-to-equity ratio of 0.22. The stock has a market cap of $10.10 billion, a price-to-earnings ratio of 27.40, a price-to-earnings-growth ratio of 1.93 and a beta of 0.76. CareTrust REIT, Inc. has a 52-week low of $30.72 and a 52-week high of $43.62.

CareTrust REIT Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Wednesday, July 15th. Stockholders of record on Tuesday, June 30th were issued a dividend of $0.39 per share. The ex-dividend date was Tuesday, June 30th. This represents a $1.56 dividend on an annualized basis and a dividend yield of 3.6%. CareTrust REIT’s dividend payout ratio is currently 100.00%.

Analysts Set New Price Targets

A number of research analysts have weighed in on CTRE shares. Raymond James Financial assumed coverage on shares of CareTrust REIT in a research note on Tuesday, June 16th. They issued an “outperform” rating and a $43.00 target price on the stock. Citigroup reaffirmed a “market outperform” rating on shares of CareTrust REIT in a report on Wednesday, June 10th. Zacks Research upgraded CareTrust REIT from a “strong sell” rating to a “hold” rating in a research report on Monday, May 25th. KeyCorp reissued an “overweight” rating and set a $46.00 price objective on shares of CareTrust REIT in a research note on Friday, May 29th. Finally, Wells Fargo & Company upped their target price on CareTrust REIT from $42.00 to $47.00 and gave the company an “overweight” rating in a report on Monday, June 1st. One analyst has rated the stock with a Strong Buy rating, ten have given a Buy rating and two have assigned a Hold rating to the company. According to data from MarketBeat, CareTrust REIT presently has a consensus rating of “Moderate Buy” and a consensus price target of $44.82.

CareTrust REIT Profile

CareTrust REIT, Inc is a real estate investment trust based in Deerfield Beach, Florida, specializing in the ownership, acquisition and management of net-leased healthcare properties. The company primarily focuses on seniors housing and post-acute care facilities, entering into long-term, triple-net lease agreements with leading operators in the skilled nursing, assisted living, memory care, inpatient rehabilitation and specialty hospital sectors. Through its portfolio, CareTrust REIT aims to provide investors with stable and predictable rental income while supporting the ongoing demand for quality healthcare real estate across the United States.

Since its initial public offering in September 2013, CareTrust REIT has pursued a disciplined acquisition strategy, targeting properties in primary and select secondary markets.