Strs Ohio Has $5.90 Million Position in CareTrust REIT, Inc. $CTRE

Strs Ohio decreased its holdings in shares of CareTrust REIT, Inc. (NASDAQ:CTRE) by 49.9% in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 170,160 shares of the real estate investment trust’s stock after selling 169,400 shares during the quarter. Strs Ohio owned approximately 0.08% of CareTrust REIT worth $5,901,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently modified their holdings of CTRE. Segall Bryant & Hamill LLC raised its holdings in 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 during the period. Universal Beteiligungs und Servicegesellschaft mbH grew its position in shares of CareTrust REIT by 34.0% in the second quarter. Universal Beteiligungs und Servicegesellschaft mbH now owns 306,495 shares of the real estate investment trust’s stock valued at $9,379,000 after purchasing an additional 77,720 shares during the last quarter. Nomura Asset Management Co. Ltd. grew its position in shares of CareTrust REIT by 4.4% in the second 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 last quarter. Metis Global Partners LLC increased its stake in shares of CareTrust REIT by 33.4% during the second quarter. Metis Global Partners LLC now owns 31,718 shares of the real estate investment trust’s stock worth $971,000 after purchasing an additional 7,945 shares during the period. Finally, Allspring Global Investments Holdings LLC lifted its holdings in CareTrust REIT by 31.1% during the 3rd quarter. Allspring Global Investments Holdings LLC now owns 358,025 shares of the real estate investment trust’s stock worth $12,617,000 after purchasing an additional 85,022 shares during the last quarter. 87.77% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several analysts recently issued reports on the company. Cantor Fitzgerald assumed coverage on CareTrust REIT in a research note on Wednesday, October 1st. They issued a “neutral” rating and a $37.00 price target for the company. The Goldman Sachs Group set a $44.00 target price on shares of CareTrust REIT in a research report on Thursday. Wells Fargo & Company upped their price target on shares of CareTrust REIT from $38.00 to $41.00 and gave the company an “overweight” rating in a research note on Tuesday, November 25th. UBS Group raised their price target on shares of CareTrust REIT from $42.00 to $43.00 and gave the stock a “buy” rating in a research report on Thursday, January 8th. Finally, Royal Bank Of Canada boosted their price objective on shares of CareTrust REIT from $36.00 to $41.00 and gave the company an “outperform” rating in a report on Monday, November 10th. One investment analyst has rated the stock with a Strong Buy rating, eight have assigned a Buy rating, one has given a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat, CareTrust REIT has a consensus rating of “Moderate Buy” and a consensus price target of $39.00.

CareTrust REIT Stock Up 0.6%

Shares of NASDAQ CTRE opened at $37.05 on Tuesday. 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, Inc. has a 52 week low of $24.79 and a 52 week high of $38.32. The stock has a market capitalization of $8.27 billion, a P/E ratio of 46.90, a PEG ratio of 1.25 and a beta of 0.75. The stock’s fifty day moving average is $36.93 and its 200 day moving average is $34.92.

CareTrust REIT Announces Dividend

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

CareTrust REIT 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.