1 week Ago By ABMN Staff
O Shaughnessy Asset Management LLC grew its position in shares of CareTrust REIT, Inc. ( NASDAQ:CTRE – Free Report ) by 5.4% in the 4th quarter, HoldingsChannel.
com reports. The fund owned 11,777 shares of the real estate investment trust’s stock after purchasing an additional 601 shares during the quarter. O Shaughnessy Asset Management LLC’s holdings in CareTrust REIT were worth $319,000 as of its most recent filing with the SEC.
Several other institutional investors have also modified their holdings of the company. Advantage Trust Co acquired a new position in CareTrust REIT during the 4th quarter valued at about $30,000. Versant Capital Management Inc grew its holdings in CareTrust REIT by 98.
8% in the 4th quarter. Versant Capital Management Inc now owns 1,495 shares of the real estate investment trust’s stock worth $40,000 after buying an additional 743 shares in the last quarter. Blue Trust Inc.
increased its position in CareTrust REIT by 50.0% in the 4th quarter. Blue Trust Inc.
now owns 1,808 shares of the real estate investment trust’s stock valued at $49,000 after acquiring an additional 603 shares during the period. Signaturefd LLC raised its stake in CareTrust REIT by 20.3% during the 4th quarter.
Signaturefd LLC now owns 2,628 shares of the real estate investment trust’s stock valued at $71,000 after acquiring an additional 443 shares in the last quarter. Finally, GAMMA Investing LLC raised its stake in CareTrust REIT by 24.4% during the 4th quarter.
GAMMA Investing LLC now owns 4,033 shares of the real estate investment trust’s stock valued at $109,000 after acquiring an additional 790 shares in the last quarter. Institutional investors own 87.77% of the company’s stock.
Analysts Set New Price Targets A number of research analysts have recently commented on CTRE shares. Royal Bank of Canada lowered their price target on CareTrust REIT from $37.00 to $32.
00 and set an “outperform” rating on the stock in a report on Friday, February 21st. Wedbush reissued an “underperform” rating and set a $26.00 target price on shares of CareTrust REIT in a research note on Friday, March 14th.
Deutsche Bank Aktiengesellschaft raised shares of CareTrust REIT from a “hold” rating to a “buy” rating and set a $31.00 price target for the company in a research note on Thursday, March 13th. Finally, Wells Fargo & Company lowered their price objective on shares of CareTrust REIT from $34.
00 to $31.00 and set an “overweight” rating on the stock in a research note on Monday, March 10th. One equities research analyst has rated the stock with a sell rating, one has issued a hold rating and four have assigned a buy rating to the company’s stock.
Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average price target of $31.00. CareTrust REIT Stock Up 1.
3 % NASDAQ CTRE opened at $28.04 on Friday. CareTrust REIT, Inc.
has a 12 month low of $23.26 and a 12 month high of $33.15.
The company has a market capitalization of $5.26 billion, a P/E ratio of 35.49, a PEG ratio of 1.
25 and a beta of 0.88. The company’s 50 day simple moving average is $27.
09 and its 200 day simple moving average is $28.36. 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 ( NASDAQ:CTRE – Get Free Report ) last announced its quarterly earnings data on Wednesday, February 12th. The real estate investment trust reported $0.29 EPS for the quarter, missing analysts’ consensus estimates of $0.
41 by ($0.12). CareTrust REIT had a net margin of 42.
22% and a return on equity of 5.59%. During the same period last year, the company posted $0.
25 EPS. Equities research analysts expect that CareTrust REIT, Inc. will post 1.
71 earnings per share for the current fiscal year. CareTrust REIT Increases Dividend The business also recently declared a quarterly dividend, which will be paid on Tuesday, April 15th. Investors of record on Monday, March 31st will be paid a $0.
335 dividend. The ex-dividend date of this dividend is Monday, March 31st. This represents a $1.
34 dividend on an annualized basis and a yield of 4.78%. This is a boost from CareTrust REIT’s previous quarterly dividend of $0.
29. CareTrust REIT’s dividend payout ratio (DPR) is currently 169.62%.
CareTrust REIT Profile ( Free Report ) CareTrust REIT, Inc’s (CareTrust REIT or the Company) primary business consists of acquiring, financing, developing and owning real property to be leased to third-party tenants in the healthcare sector. As of March 31, 2024, the Company owned directly or through a joint venture and leased to independent operators, 228 skilled nursing facilities (SNFs), multi-service campuses, assisted living facilities (ALFs) and independent living facilities (ILFs) consisting of 24,189 operational beds and units located in 29 states with the highest concentration of properties by rental income located in California and Texas. Featured Articles Want to see what other hedge funds are holding CTRE? Visit HoldingsChannel.
com to get the latest 13F filings and insider trades for CareTrust REIT, Inc. ( NASDAQ:CTRE – Free Report ). Receive News & Ratings for CareTrust REIT Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for CareTrust REIT and related companies with MarketBeat.
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