CareTrust REIT, Inc. $CTRE Shares Sold by Lightrock Netherlands B.V.

Lightrock Netherlands B.V. cut its stake in shares of CareTrust REIT, Inc. (NASDAQ:CTRE) by 16.7% during the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 172,105 shares of the real estate investment trust’s stock after selling 34,500 shares during the period. Lightrock Netherlands B.V. owned approximately 0.08% of CareTrust REIT worth $5,969,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also modified their holdings of CTRE. Segall Bryant & Hamill LLC lifted its position in shares of CareTrust REIT by 33.5% in the 2nd quarter. Segall Bryant & Hamill LLC now owns 722,727 shares of the real estate investment trust’s stock valued at $22,115,000 after acquiring an additional 181,280 shares in the last quarter. Universal Beteiligungs und Servicegesellschaft mbH grew its position in CareTrust REIT by 34.0% during the 2nd quarter. Universal Beteiligungs und Servicegesellschaft mbH now owns 306,495 shares of the real estate investment trust’s stock worth $9,379,000 after purchasing an additional 77,720 shares in the last quarter. Nomura Asset Management Co. Ltd. raised its stake in CareTrust REIT by 4.4% during the 2nd quarter. Nomura Asset Management Co. Ltd. now owns 271,310 shares of the real estate investment trust’s stock valued at $8,302,000 after purchasing an additional 11,440 shares during the period. Metis Global Partners LLC lifted its holdings in shares of CareTrust REIT by 33.4% in the second quarter. Metis Global Partners LLC now owns 31,718 shares of the real estate investment trust’s stock valued at $971,000 after purchasing an additional 7,945 shares in the last quarter. Finally, Wealth Enhancement Advisory Services LLC acquired a new stake in shares of CareTrust REIT in the second quarter worth $343,000. Institutional investors and hedge funds own 87.77% of the company’s stock.

CareTrust REIT Trading Up 0.7%

Shares of NASDAQ CTRE opened at $36.78 on Friday. The business has a 50 day simple moving average of $36.92 and a 200 day simple moving average of $34.84. CareTrust REIT, Inc. has a 52 week low of $24.79 and a 52 week high of $38.32. The stock has a market cap of $8.21 billion, a price-to-earnings ratio of 46.56, a PEG ratio of 1.25 and a beta of 0.75. The company has a debt-to-equity ratio of 0.14, a quick ratio of 3.82 and a current ratio of 3.82.

CareTrust REIT Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Thursday, January 15th. Stockholders of record on Wednesday, December 31st were issued a dividend of $0.335 per share. The ex-dividend date was Wednesday, December 31st. This represents a $1.34 dividend on an annualized basis and a dividend yield of 3.6%. CareTrust REIT’s dividend payout ratio (DPR) is currently 100.00%.

Analysts Set New Price Targets

Several research firms recently weighed in on CTRE. Citizens Jmp started coverage on CareTrust REIT in a research report on Thursday. They set a “market outperform” rating and a $44.00 price target on the stock. Jefferies Financial Group upped their target price on CareTrust REIT from $41.00 to $43.00 and gave the company a “buy” rating in a report on Monday, December 15th. Royal Bank Of Canada increased their price target on shares of CareTrust REIT from $36.00 to $41.00 and gave the stock an “outperform” rating in a research report on Monday, November 10th. Citigroup began coverage on shares of CareTrust REIT in a research note on Thursday. They issued a “market outperform” rating on the stock. Finally, Cantor Fitzgerald initiated coverage on shares of CareTrust REIT in a research report on Wednesday, October 1st. They issued a “neutral” rating and a $37.00 target price for the company. One analyst has rated the stock with a Strong Buy rating, eight have given a Buy rating, one has issued a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, CareTrust REIT presently has a consensus rating of “Moderate Buy” and a consensus price target of $39.00.

About CareTrust REIT

CareTrust REIT, Inc is a healthcare-focused real estate investment trust that acquires and manages net-leased properties serving the senior housing and medical markets. The company’s portfolio spans skilled nursing facilities, assisted living communities, independent living properties, medical office buildings and life science facilities. By structuring leases on a triple-net basis, CareTrust REIT offers long-term, stable rental income streams while allowing its tenants to operate and maintain their specialized healthcare facilities.

The company’s assets are geographically diversified across the United States, with a concentration in regions experiencing aging demographics and growing demand for senior care services.