WINTON GROUP Ltd Invests $1.44 Million in CareTrust REIT, Inc. $CTRE

WINTON GROUP Ltd purchased a new stake in CareTrust REIT, Inc. (NASDAQ:CTRE) in the third quarter, according to its most recent filing with the SEC. The fund purchased 41,500 shares of the real estate investment trust’s stock, valued at approximately $1,439,000.

Several other institutional investors and hedge funds have also made changes to their positions in CTRE. Royal Bank of Canada boosted its holdings in CareTrust REIT by 36.4% in the first quarter. Royal Bank of Canada now owns 179,501 shares of the real estate investment trust’s stock worth $5,129,000 after purchasing an additional 47,936 shares during the period. NewEdge Advisors LLC increased its stake in CareTrust REIT by 11.3% during the first quarter. NewEdge Advisors LLC now owns 33,628 shares of the real estate investment trust’s stock valued at $961,000 after purchasing an additional 3,408 shares during the last quarter. Envestnet Asset Management Inc. raised its holdings in shares of CareTrust REIT by 43.5% during the second quarter. Envestnet Asset Management Inc. now owns 220,811 shares of the real estate investment trust’s stock worth $6,757,000 after purchasing an additional 66,957 shares during the period. Resona Asset Management Co. Ltd. raised its holdings in shares of CareTrust REIT by 21.1% during the second quarter. Resona Asset Management Co. Ltd. now owns 113,023 shares of the real estate investment trust’s stock worth $3,459,000 after purchasing an additional 19,729 shares during the period. Finally, Metis Global Partners LLC lifted its position in shares of CareTrust REIT by 33.4% in the 2nd quarter. Metis Global Partners LLC now owns 31,718 shares of the real estate investment trust’s stock worth $971,000 after buying an additional 7,945 shares during the last quarter. 87.77% of the stock is owned by institutional investors and hedge funds.

CareTrust REIT Stock Performance

Shares of CTRE opened at $39.96 on Wednesday. CareTrust REIT, Inc. has a 1 year low of $25.67 and a 1 year high of $41.72. The company has a market cap of $8.92 billion, a price-to-earnings ratio of 50.58, a price-to-earnings-growth ratio of 1.25 and a beta of 0.74. The company has a debt-to-equity ratio of 0.14, a quick ratio of 3.82 and a current ratio of 3.82. The firm has a fifty day moving average of $38.36 and a 200-day moving average of $36.45.

CareTrust REIT Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, January 15th. Investors of record on Wednesday, December 31st were given a $0.335 dividend. The ex-dividend date was Wednesday, December 31st. This represents a $1.34 annualized dividend and a yield of 3.4%. CareTrust REIT’s dividend payout ratio (DPR) is currently 86.45%.

Analyst Ratings Changes

CTRE has been the subject of several research reports. UBS Group lifted their price target on shares of CareTrust REIT from $44.00 to $48.00 and gave the company a “buy” rating in a report on Wednesday, February 18th. Royal Bank Of Canada raised their target price on shares of CareTrust REIT from $41.00 to $44.00 and gave the stock an “outperform” rating in a report on Tuesday, February 24th. Jefferies Financial Group lifted their target price on CareTrust REIT from $41.00 to $43.00 and gave the company a “buy” rating in a research note on Monday, December 15th. Citigroup started coverage on CareTrust REIT in a report on Thursday, January 22nd. They set a “market outperform” rating for the company. Finally, Cantor Fitzgerald increased their price target on CareTrust REIT from $37.00 to $42.00 and gave the stock a “neutral” rating in a research report on Tuesday, February 17th. One research analyst has rated the stock with a Strong Buy rating, eight have given a Buy rating, one has given a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $40.18.

CareTrust REIT Company Profile

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.