124,400 Shares in CareTrust REIT, Inc. $CTRE Purchased by GSI Capital Advisors LLC

GSI Capital Advisors LLC acquired a new stake in CareTrust REIT, Inc. (NASDAQ:CTRE) during the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor acquired 124,400 shares of the real estate investment trust’s stock, valued at approximately $4,314,000. CareTrust REIT comprises approximately 2.4% of GSI Capital Advisors LLC’s portfolio, making the stock its 19th biggest position. GSI Capital Advisors LLC owned approximately 0.06% of CareTrust REIT as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors have also recently modified their holdings of the business. EverSource Wealth Advisors LLC increased its holdings in shares of CareTrust REIT by 134.2% in the 2nd quarter. EverSource Wealth Advisors LLC now owns 1,124 shares of the real estate investment trust’s stock valued at $34,000 after acquiring an additional 644 shares during the period. Farther Finance Advisors LLC boosted its position in CareTrust REIT by 75.1% during the third quarter. Farther Finance Advisors LLC now owns 1,492 shares of the real estate investment trust’s stock valued at $52,000 after purchasing an additional 640 shares in the last quarter. Salomon & Ludwin LLC purchased a new position in CareTrust REIT in the third quarter valued at about $54,000. State of Wyoming purchased a new position in CareTrust REIT in the third quarter valued at about $65,000. Finally, CWM LLC raised its holdings in CareTrust REIT by 47.6% in the second quarter. CWM LLC now owns 2,955 shares of the real estate investment trust’s stock worth $90,000 after purchasing an additional 953 shares in the last quarter. 87.77% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

CTRE has been the subject of several research reports. KeyCorp lifted their price objective on shares of CareTrust REIT from $36.00 to $40.00 and gave the company an “overweight” rating in a research note on Thursday, December 4th. Citigroup assumed coverage on CareTrust REIT in a research report on Thursday, January 22nd. They set a “market outperform” rating for the company. Wells Fargo & Company raised their price objective on shares of CareTrust REIT from $38.00 to $41.00 and gave the stock an “overweight” rating in a research note on Tuesday, November 25th. Citizens Jmp assumed coverage on shares of CareTrust REIT in a report on Thursday, January 22nd. They set a “market outperform” rating and a $44.00 price target on the stock. Finally, Cantor Fitzgerald raised their price target on shares of CareTrust REIT from $37.00 to $42.00 and gave the company a “neutral” rating in a research report on Tuesday, February 17th. 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. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average price target of $40.18.

CareTrust REIT Price Performance

Shares of CareTrust REIT stock opened at $40.65 on Friday. The company has a debt-to-equity ratio of 0.14, a current ratio of 3.82 and a quick ratio of 3.82. CareTrust REIT, Inc. has a 12 month low of $25.48 and a 12 month high of $41.72. The stock has a market capitalization of $9.07 billion, a P/E ratio of 51.46, a PEG ratio of 1.25 and a beta of 0.75. The business has a 50 day simple moving average of $37.92 and a two-hundred day simple moving average of $36.12.

CareTrust REIT Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, January 15th. Stockholders of record on Wednesday, December 31st were paid a $0.335 dividend. The ex-dividend date of this dividend was Wednesday, December 31st. This represents a $1.34 annualized dividend and a dividend yield of 3.3%. CareTrust REIT’s dividend payout ratio (DPR) is presently 86.45%.

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.