Moody National Bank Trust Division Has $1.54 Million Stake in CareTrust REIT, Inc. $CTRE

Moody National Bank Trust Division increased its stake in CareTrust REIT, Inc. (NYSE:CTRE) by 48.2% in the 2nd quarter, HoldingsChannel.com reports. The fund owned 38,097 shares of the company’s stock after purchasing an additional 12,391 shares during the quarter. Moody National Bank Trust Division’s holdings in CareTrust REIT were worth $1,537,000 at the end of the most recent quarter.

A number of other institutional investors also recently modified their holdings of CTRE. Kemnay Advisory Services Inc. bought a new position in CareTrust REIT during the fourth quarter worth $27,000. Transamerica Financial Advisors LLC increased its stake in CareTrust REIT by 520.0% in the fourth quarter. Transamerica Financial Advisors LLC now owns 868 shares of the company’s stock valued at $32,000 after purchasing an additional 728 shares in the last quarter. Mcguire Capital Advisors Inc. bought a new stake in CareTrust REIT in the fourth quarter valued at $40,000. EverSource Wealth Advisors LLC raised its holdings in shares of CareTrust REIT by 134.2% during the second quarter. EverSource Wealth Advisors LLC now owns 1,124 shares of the company’s stock valued at $34,000 after purchasing an additional 644 shares during the period. Finally, Eurizon Capital SGR S.p.A. bought a new position in shares of CareTrust REIT during the 4th quarter worth about $44,000. Institutional investors and hedge funds own 87.77% of the company’s stock.

CareTrust REIT Trading Up 0.8%

CTRE opened at $41.16 on Thursday. The company has a debt-to-equity ratio of 0.22, a current ratio of 2.38 and a quick ratio of 2.37. CareTrust REIT, Inc. has a fifty-two week low of $31.92 and a fifty-two week high of $43.62. The firm has a market capitalization of $9.72 billion, a PE ratio of 26.39, a P/E/G ratio of 1.84 and a beta of 0.75. The company’s 50-day moving average is $40.11 and its 200 day moving average is $39.49.

CareTrust REIT Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, July 15th. Shareholders of record on Tuesday, June 30th were issued a dividend of $0.39 per share. This represents a $1.56 dividend on an annualized basis and a yield of 3.8%. The ex-dividend date of this dividend was Tuesday, June 30th. CareTrust REIT’s payout ratio is currently 100.00%.

Wall Street Analysts Forecast Growth

Several analysts have recently commented on CTRE shares. Raymond James Financial started coverage on CareTrust REIT in a research note on Tuesday, June 16th. They issued an “outperform” rating and a $43.00 target price for the company. KeyCorp reiterated an “overweight” rating and issued a $46.00 price target on shares of CareTrust REIT in a report on Friday, May 29th. Zacks Research raised CareTrust REIT from a “strong sell” rating to a “hold” rating in a research note on Monday, May 25th. Wells Fargo & Company boosted their price objective on CareTrust REIT from $42.00 to $47.00 and gave the company an “overweight” rating in a report on Monday, June 1st. Finally, Weiss Ratings cut CareTrust REIT from a “buy (a-)” rating to a “buy (b+)” rating in a report on Tuesday, July 21st. One analyst has rated the stock with a Strong Buy rating, ten have assigned a Buy rating and two have assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, CareTrust REIT currently has a consensus rating of “Moderate Buy” and a consensus price target of $44.82.

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.