CareTrust REIT, Inc. $CTRE Stake Reduced by Segall Bryant & Hamill LLC

Segall Bryant & Hamill LLC lowered its position in shares of CareTrust REIT, Inc. (NASDAQ:CTRE) by 19.9% in the 3rd quarter, according to its most recent disclosure with the SEC. The fund owned 579,152 shares of the real estate investment trust’s stock after selling 143,575 shares during the period. Segall Bryant & Hamill LLC owned 0.26% of CareTrust REIT worth $20,085,000 as of its most recent filing with the SEC.

A number of other large investors have also modified their holdings of the company. World Investment Advisors grew its position in CareTrust REIT by 1.3% in the 3rd quarter. World Investment Advisors now owns 23,104 shares of the real estate investment trust’s stock worth $801,000 after purchasing an additional 306 shares during the last quarter. Jones Financial Companies Lllp boosted its position in shares of CareTrust REIT by 13.4% during the third quarter. Jones Financial Companies Lllp now owns 2,615 shares of the real estate investment trust’s stock worth $91,000 after buying an additional 309 shares during the period. SageView Advisory Group LLC boosted its position in shares of CareTrust REIT by 2.9% during the second quarter. SageView Advisory Group LLC now owns 11,900 shares of the real estate investment trust’s stock worth $364,000 after buying an additional 332 shares during the period. GF Fund Management CO. LTD. grew its holdings in CareTrust REIT by 10.8% in the 3rd quarter. GF Fund Management CO. LTD. now owns 3,668 shares of the real estate investment trust’s stock worth $127,000 after buying an additional 358 shares in the last quarter. Finally, WealthShield Partners LLC grew its holdings in CareTrust REIT by 0.8% in the 3rd quarter. WealthShield Partners LLC now owns 48,374 shares of the real estate investment trust’s stock worth $1,678,000 after buying an additional 379 shares in the last quarter. Institutional investors and hedge funds own 87.77% of the company’s stock.

CareTrust REIT Stock Down 2.2%

CTRE opened at $40.00 on Wednesday. CareTrust REIT, Inc. has a one year low of $25.48 and a one year high of $41.72. 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 stock’s fifty day moving average is $38.08 and its 200-day moving average is $36.26. The company has a market capitalization of $8.93 billion, a PE ratio of 50.63, a P/E/G ratio of 1.25 and a beta of 0.75.

CareTrust REIT Announces Dividend

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

Wall Street Analysts Forecast Growth

Several analysts have weighed in on CTRE shares. Royal Bank Of Canada lifted their target price on CareTrust REIT from $41.00 to $44.00 and gave the company an “outperform” rating in a research note on Tuesday, February 24th. Wells Fargo & Company raised their price target on CareTrust REIT from $38.00 to $41.00 and gave the company an “overweight” rating in a report on Tuesday, November 25th. The Goldman Sachs Group set a $44.00 price objective on shares of CareTrust REIT in a research note on Thursday, January 22nd. Cantor Fitzgerald upped their price objective on shares of CareTrust REIT from $37.00 to $42.00 and gave the stock a “neutral” rating in a report on Tuesday, February 17th. Finally, Jefferies Financial Group raised their target price on shares of CareTrust REIT from $41.00 to $43.00 and gave the company a “buy” rating in a research note on Monday, December 15th. One research analyst has rated the stock with a Strong Buy rating, eight have assigned a Buy rating, one has issued 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 $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.