Natixis Advisors LLC Sells 14,359 Shares of CareTrust REIT, Inc. $CTRE

Natixis Advisors LLC reduced its stake in shares of CareTrust REIT, Inc. (NYSE:CTRE) by 9.6% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 135,352 shares of the company’s stock after selling 14,359 shares during the quarter. Natixis Advisors LLC owned 0.06% of CareTrust REIT worth $4,894,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Principal Financial Group Inc. grew its stake in shares of CareTrust REIT by 7.5% during the fourth quarter. Principal Financial Group Inc. now owns 1,328,660 shares of the company’s stock valued at $48,044,000 after buying an additional 93,101 shares during the last quarter. Aberdeen Group plc grew its stake in shares of CareTrust REIT by 22.1% during the third quarter. Aberdeen Group plc now owns 84,824 shares of the company’s stock valued at $2,911,000 after buying an additional 15,374 shares during the last quarter. Sound Income Strategies LLC grew its stake in shares of CareTrust REIT by 6.4% during the fourth quarter. Sound Income Strategies LLC now owns 621,732 shares of the company’s stock valued at $23,477,000 after buying an additional 37,503 shares during the last quarter. Mirabella Financial Services LLP grew its stake in shares of CareTrust REIT by 119.3% during the third quarter. Mirabella Financial Services LLP now owns 75,297 shares of the company’s stock valued at $2,606,000 after buying an additional 40,962 shares during the last quarter. Finally, Allianz Asset Management GmbH grew its stake in shares of CareTrust REIT by 133.4% during the third quarter. Allianz Asset Management GmbH now owns 248,875 shares of the company’s stock valued at $8,631,000 after buying an additional 142,226 shares during the last quarter. 87.77% of the stock is owned by institutional investors.

Analysts Set New Price Targets

A number of analysts have recently weighed in on CTRE shares. Zacks Research upgraded shares of CareTrust REIT from a “strong sell” rating to a “hold” rating in a report on Monday, May 25th. Weiss Ratings lowered shares of CareTrust REIT from a “buy (a)” rating to a “buy (a-)” rating in a report on Tuesday, May 26th. UBS Group increased their target price on shares of CareTrust REIT from $44.00 to $48.00 and gave the stock a “buy” rating in a report on Wednesday, February 18th. Royal Bank Of Canada raised their price objective 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. Finally, Mizuho set a $45.00 price objective on shares of CareTrust REIT in a report on Friday, May 22nd. Three equities research analysts have rated the stock with a Strong Buy rating, eight have given a Buy rating and two have assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Buy” and a consensus target price of $44.09.

CareTrust REIT Price Performance

CTRE stock opened at $36.93 on Tuesday. The firm has a 50 day moving average price of $39.45 and a 200-day moving average price of $38.47. CareTrust REIT, Inc. has a 52-week low of $27.81 and a 52-week high of $43.08. The firm has a market capitalization of $8.72 billion, a price-to-earnings ratio of 23.67, a PEG ratio of 1.72 and a beta of 0.76. The company has a debt-to-equity ratio of 0.22, a quick ratio of 2.37 and a current ratio of 2.38.

CareTrust REIT Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Wednesday, April 15th. Stockholders of record on Tuesday, March 31st were issued a dividend of $0.39 per share. The ex-dividend date was Tuesday, March 31st. This is a positive change from CareTrust REIT’s previous quarterly dividend of $0.34. This represents a $1.56 annualized dividend and a dividend yield of 4.2%. CareTrust REIT’s dividend payout ratio (DPR) is 100.00%.

About CareTrust REIT

CareTrust REIT, Inc is a real estate investment trust based in Deerfield Beach, Florida, specializing in the ownership, acquisition and management of net-leased healthcare properties. The company primarily focuses on seniors housing and post-acute care facilities, entering into long-term, triple-net lease agreements with leading operators in the skilled nursing, assisted living, memory care, inpatient rehabilitation and specialty hospital sectors. Through its portfolio, CareTrust REIT aims to provide investors with stable and predictable rental income while supporting the ongoing demand for quality healthcare real estate across the United States.

Since its initial public offering in September 2013, CareTrust REIT has pursued a disciplined acquisition strategy, targeting properties in primary and select secondary markets.