Scout Investments Inc. reduced its position in Caretrust REIT Inc (NASDAQ:CTRE) by 0.7% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 151,431 shares of the real estate investment trust’s stock after selling 1,000 shares during the quarter. Scout Investments Inc. owned about 0.18% of Caretrust REIT worth $2,795,000 at the end of the most recent reporting period.

Other hedge funds have also recently bought and sold shares of the company. Bank of New York Mellon Corp boosted its holdings in shares of Caretrust REIT by 61.7% in the second quarter. Bank of New York Mellon Corp now owns 1,867,666 shares of the real estate investment trust’s stock valued at $31,171,000 after acquiring an additional 712,936 shares during the period. Dimensional Fund Advisors LP boosted its holdings in shares of Caretrust REIT by 3.5% in the second quarter. Dimensional Fund Advisors LP now owns 1,124,671 shares of the real estate investment trust’s stock valued at $18,771,000 after acquiring an additional 37,941 shares during the period. Paloma Partners Management Co acquired a new stake in shares of Caretrust REIT in the second quarter valued at approximately $519,000. BlackRock Inc. boosted its holdings in shares of Caretrust REIT by 15.0% in the second quarter. BlackRock Inc. now owns 14,967,382 shares of the real estate investment trust’s stock valued at $249,805,000 after acquiring an additional 1,948,664 shares during the period. Finally, Citadel Advisors LLC boosted its holdings in shares of Caretrust REIT by 21.6% in the third quarter. Citadel Advisors LLC now owns 269,486 shares of the real estate investment trust’s stock valued at $4,773,000 after acquiring an additional 47,926 shares during the period. 90.82% of the stock is owned by institutional investors and hedge funds.

Shares of NASDAQ CTRE opened at $19.90 on Monday. The company has a debt-to-equity ratio of 0.67, a current ratio of 1.52 and a quick ratio of 1.52. Caretrust REIT Inc has a 1-year low of $12.73 and a 1-year high of $20.65. The firm has a market cap of $1.63 billion, a P/E ratio of 17.16 and a beta of 0.77.

Caretrust REIT (NASDAQ:CTRE) last issued its quarterly earnings results on Monday, November 5th. The real estate investment trust reported $0.18 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.32 by ($0.14). Caretrust REIT had a return on equity of 7.01% and a net margin of 29.14%. The company had revenue of $39.50 million for the quarter, compared to analyst estimates of $39.37 million. During the same period in the prior year, the business earned $0.28 earnings per share. Caretrust REIT’s revenue for the quarter was up 20.1% compared to the same quarter last year. On average, sell-side analysts predict that Caretrust REIT Inc will post 1.28 earnings per share for the current fiscal year.

The business also recently declared a quarterly dividend, which will be paid on Tuesday, January 15th. Investors of record on Monday, December 31st will be issued a dividend of $0.205 per share. This represents a $0.82 annualized dividend and a dividend yield of 4.12%. The ex-dividend date is Friday, December 28th. Caretrust REIT’s dividend payout ratio is presently 70.69%.

CTRE has been the subject of several research analyst reports. Zacks Investment Research raised Caretrust REIT from a “hold” rating to a “buy” rating and set a $19.00 price objective for the company in a report on Friday, October 5th. Raymond James raised Caretrust REIT from an “outperform” rating to a “strong-buy” rating in a report on Tuesday, January 8th. ValuEngine raised Caretrust REIT from a “sell” rating to a “hold” rating in a report on Tuesday, October 9th. Cantor Fitzgerald reissued a “buy” rating and issued a $20.00 price objective on shares of Caretrust REIT in a report on Monday, October 29th. Finally, Stifel Nicolaus raised Caretrust REIT from a “hold” rating to a “buy” rating and increased their price objective for the company from $17.00 to $21.00 in a report on Wednesday, November 28th. Three investment analysts have rated the stock with a hold rating, six have given a buy rating and one has assigned a strong buy rating to the stock. The stock currently has a consensus rating of “Buy” and a consensus target price of $19.29.

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About Caretrust REIT

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 192 net-leased healthcare properties and three operated seniors housing properties in 27 states, CareTrust REIT 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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Institutional Ownership by Quarter for Caretrust REIT (NASDAQ:CTRE)

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