Raymond James Financial Services Advisors Inc. trimmed its holdings in Caretrust REIT Inc (NASDAQ:CTRE) by 39.8% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 11,630 shares of the real estate investment trust’s stock after selling 7,700 shares during the period. Raymond James Financial Services Advisors Inc.’s holdings in Caretrust REIT were worth $195,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors have also modified their holdings of CTRE. First Trust Advisors LP grew its stake in Caretrust REIT by 45.3% in the 3rd quarter. First Trust Advisors LP now owns 110,897 shares of the real estate investment trust’s stock valued at $2,111,000 after acquiring an additional 34,570 shares during the last quarter. Crossmark Global Holdings Inc. acquired a new stake in shares of Caretrust REIT during the 3rd quarter worth about $399,000. Principal Financial Group Inc. boosted its stake in shares of 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 during the last quarter. BNP Paribas Arbitrage SA boosted its stake in shares of 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 during the last quarter. Finally, Municipal Employees Retirement System of Michigan boosted its stake in shares of 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 during the last quarter. 91.41% of the stock is currently owned by hedge funds and other institutional investors.

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Shares of Caretrust REIT Inc (NASDAQ CTRE) opened at $13.80 on Friday. 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 Inc has a 12-month low of $12.96 and a 12-month high of $19.86. The stock has a market cap of $1,051.47, a P/E ratio of 11.60, a P/E/G ratio of 2.16 and a beta of 0.74.

The business also recently announced a quarterly dividend, which will be paid on Friday, April 13th. Investors of record on Friday, March 30th will be given a $0.205 dividend. The ex-dividend date of this dividend is Wednesday, March 28th. This is a boost from Caretrust REIT’s previous quarterly dividend of $0.19. This represents a $0.82 annualized dividend and a dividend yield of 5.94%. Caretrust REIT’s dividend payout ratio (DPR) is currently 205.56%.

Several equities research analysts have issued reports on the stock. KeyCorp set a $16.00 price target on shares of Caretrust REIT and gave the stock a “buy” rating in a research note on Tuesday, March 6th. Stifel Nicolaus set a $17.00 price target on shares of Caretrust REIT and gave the stock a “hold” rating in a research note on Wednesday, February 28th. ValuEngine cut shares of Caretrust REIT from a “buy” rating to a “hold” rating in a research note on Friday, February 2nd. TheStreet cut shares of Caretrust REIT from a “b” rating to a “c+” rating in a research note on Wednesday, February 28th. Finally, Cantor Fitzgerald assumed coverage on shares of Caretrust REIT in a research note on Monday, March 5th. They set an “overweight” rating and a $16.00 price target on the stock. Two equities research analysts have rated the stock with a sell rating, five have assigned a hold rating and six have assigned a buy rating to the stock. The company has an average rating of “Hold” and a consensus target price of $18.45.

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Caretrust REIT Company Profile

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.

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

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