Values First Advisors Inc. Has $255,000 Stock Position in CareTrust REIT, Inc. (NASDAQ:CTRE)

Values First Advisors Inc. grew its holdings in shares of CareTrust REIT, Inc. (NASDAQ:CTRE) by 9.2% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 11,401 shares of the real estate investment trust’s stock after buying an additional 965 shares during the quarter. Values First Advisors Inc.’s holdings in CareTrust REIT were worth $255,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently made changes to their positions in CTRE. Graham Capital Management L.P. bought a new position in shares of CareTrust REIT during the third quarter valued at about $943,000. Wellington Management Group LLP lifted its position in shares of CareTrust REIT by 8.1% during the third quarter. Wellington Management Group LLP now owns 7,211,404 shares of the real estate investment trust’s stock valued at $147,834,000 after purchasing an additional 542,832 shares in the last quarter. Econ Financial Services Corp bought a new position in shares of CareTrust REIT during the third quarter valued at about $544,000. Deutsche Bank AG lifted its position in shares of CareTrust REIT by 26.3% during the third quarter. Deutsche Bank AG now owns 167,060 shares of the real estate investment trust’s stock valued at $3,425,000 after purchasing an additional 34,768 shares in the last quarter. Finally, Adage Capital Partners GP L.L.C. lifted its position in shares of CareTrust REIT by 466.7% during the third quarter. Adage Capital Partners GP L.L.C. now owns 425,000 shares of the real estate investment trust’s stock valued at $8,712,000 after purchasing an additional 350,000 shares in the last quarter. 87.77% of the stock is currently owned by institutional investors and hedge funds.

CareTrust REIT Stock Performance

Shares of NASDAQ CTRE traded up $0.17 during midday trading on Thursday, hitting $24.37. The company’s stock had a trading volume of 855,295 shares, compared to its average volume of 1,490,054. The stock has a fifty day moving average price of $22.70 and a 200 day moving average price of $22.14. CareTrust REIT, Inc. has a one year low of $18.18 and a one year high of $24.57. The company has a current ratio of 8.67, a quick ratio of 8.67 and a debt-to-equity ratio of 0.42. The firm has a market capitalization of $3.29 billion, a price-to-earnings ratio of 49.72 and a beta of 1.04.

CareTrust REIT Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, April 15th. Stockholders of record on Thursday, March 28th will be given a $0.29 dividend. The ex-dividend date is Wednesday, March 27th. This represents a $1.16 annualized dividend and a dividend yield of 4.76%. This is a positive change from CareTrust REIT’s previous quarterly dividend of $0.28. CareTrust REIT’s payout ratio is 228.57%.

Analyst Upgrades and Downgrades

A number of research firms recently weighed in on CTRE. Deutsche Bank Aktiengesellschaft began coverage on shares of CareTrust REIT in a research report on Tuesday, January 30th. They set a “hold” rating and a $23.00 price target on the stock. KeyCorp lifted their price objective on shares of CareTrust REIT from $22.00 to $25.00 and gave the stock an “overweight” rating in a research report on Friday, January 5th. Finally, Royal Bank of Canada lowered their price objective on shares of CareTrust REIT from $25.00 to $24.00 and set an “outperform” rating on the stock in a research report on Wednesday, January 31st. Three analysts have rated the stock with a hold rating and five have given a buy rating to the company. According to data from MarketBeat.com, CareTrust REIT has a consensus rating of “Moderate Buy” and an average price target of $23.57.

CareTrust REIT Company Profile

CareTrust REIT, Inc is a self-administered, publicly-traded real estate investment trust engaged in the ownership, acquisition, development and leasing of skilled nursing, seniors housing and other healthcare-related properties. With a nationwide portfolio of long-term net-leased properties, and a growing portfolio of quality operators leasing them, CareTrust REIT is pursuing both external and organic growth opportunities across the United States.