Macquarie Group Ltd. continued to hold its stake in CareTrust REIT, Inc. (NASDAQ:CTRE) during the second quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 11,300 shares of the real estate investment trust’s stock at the close of the second quarter. Macquarie Group Ltd.’s holdings in CareTrust REIT were worth $210,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Riverhead Capital Management LLC lifted its position in shares of CareTrust REIT by 90.7% in the 2nd quarter. Riverhead Capital Management LLC now owns 5,529 shares of the real estate investment trust’s stock worth $103,000 after purchasing an additional 2,629 shares during the period. GAM Holding AG lifted its position in shares of CareTrust REIT by 19.6% in the 2nd quarter. GAM Holding AG now owns 6,100 shares of the real estate investment trust’s stock worth $113,000 after purchasing an additional 1,000 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank lifted its position in shares of CareTrust REIT by 7.5% in the 2nd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 6,277 shares of the real estate investment trust’s stock worth $116,000 after purchasing an additional 437 shares during the period. Daiwa Securities Group Inc. lifted its position in shares of CareTrust REIT by 24.5% in the 2nd quarter. Daiwa Securities Group Inc. now owns 6,606 shares of the real estate investment trust’s stock worth $122,000 after purchasing an additional 1,300 shares during the period. Finally, LS Investment Advisors LLC lifted its position in shares of CareTrust REIT by 2.0% in the 2nd quarter. LS Investment Advisors LLC now owns 7,062 shares of the real estate investment trust’s stock worth $131,000 after purchasing an additional 138 shares during the period. Hedge funds and other institutional investors own 89.56% of the company’s stock.

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The company also recently disclosed a quarterly dividend, which was paid on Friday, October 13th. Shareholders of record on Friday, September 29th were given a dividend of $0.185 per share. This represents a $0.74 annualized dividend and a yield of Infinity. The ex-dividend date was Thursday, September 28th. CareTrust REIT’s dividend payout ratio is currently 164.45%.

A number of research analysts recently issued reports on the stock. Capital One Financial Corporation assumed coverage on shares of CareTrust REIT in a research report on Monday, October 23rd. They set an “equal weight” rating and a $21.00 target price on the stock. Zacks Investment Research upgraded shares of CareTrust REIT from a “hold” rating to a “buy” rating and set a $20.00 target price on the stock in a research report on Monday, July 17th. KeyCorp reiterated a “buy” rating and set a $20.00 target price on shares of CareTrust REIT in a research report on Friday, August 25th. Finally, BidaskClub downgraded shares of CareTrust REIT from a “strong-buy” rating to a “buy” rating in a research report on Saturday, July 8th. Five research analysts have rated the stock with a hold rating and five have given a buy rating to the stock. CareTrust REIT currently has a consensus rating of “Buy” and an average target price of $19.00.

About CareTrust REIT

CareTrust REIT, Inc is a self-administered, self-managed real estate investment trust. The Company is engaged in the ownership, acquisition and leasing of healthcare-related properties. It makes investments in healthcare-related real estate assets. As of December 31, 2016, its real estate portfolio included 154 skilled nursing facilities (SNFs), SNF Campuses, assisted living facilities and independent living facilities.

Institutional Ownership by Quarter for CareTrust REIT (NASDAQ:CTRE)

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