Advisors Asset Management Inc. increased its stake in shares of CareTrust REIT Inc. (NASDAQ:CTRE) by 21.4% during the second quarter, according to its most recent disclosure with the SEC. The fund owned 48,162 shares of the real estate investment trust’s stock after buying an additional 8,501 shares during the period. Advisors Asset Management Inc. owned 0.08% of CareTrust REIT worth $664,000 as of its most recent filing with the SEC.
A number of other large investors also recently bought and sold shares of CTRE. LSV Asset Management boosted its stake in CareTrust REIT by 104.6% in the second quarter. LSV Asset Management now owns 184,778 shares of the real estate investment trust’s stock valued at $2,546,000 after buying an additional 94,482 shares during the last quarter. Boston Partners boosted its stake in shares of CareTrust REIT by 22.8% in the second quarter. Boston Partners now owns 209,333 shares of the real estate investment trust’s stock valued at $2,885,000 after buying an additional 38,810 shares in the last quarter. Opus Capital Group LLC boosted its stake in shares of CareTrust REIT by 2.8% in the second quarter. Opus Capital Group LLC now owns 412,452 shares of the real estate investment trust’s stock valued at $5,684,000 after buying an additional 11,225 shares in the last quarter. First Trust Advisors LP boosted its stake in shares of CareTrust REIT by 50.6% in the second quarter. First Trust Advisors LP now owns 22,997 shares of the real estate investment trust’s stock valued at $317,000 after buying an additional 7,727 shares in the last quarter. Finally, GSA Capital Partners LLP acquired a new stake in shares of CareTrust REIT during the second quarter valued at approximately $449,000. Hedge funds and other institutional investors own 82.52% of the company’s stock.
CareTrust REIT Inc. (NASDAQ:CTRE) traded up 0.80% on Friday, reaching $15.12. 270,216 shares of the company traded hands. The stock has a market capitalization of $875.37 million, a PE ratio of 39.27 and a beta of 0.94. The firm has a 50 day moving average of $14.84 and a 200-day moving average of $13.68. CareTrust REIT Inc. has a one year low of $9.12 and a one year high of $15.88.
CareTrust REIT (NASDAQ:CTRE) last posted its earnings results on Monday, August 8th. The real estate investment trust reported $0.27 EPS for the quarter, topping analysts’ consensus estimates of $0.26 by $0.01. The firm earned $25.70 million during the quarter, compared to analysts’ expectations of $23.68 million. CareTrust REIT had a net margin of 20.97% and a return on equity of 6.02%. The business’s revenue for the quarter was up 47.9% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.25 earnings per share. On average, analysts anticipate that CareTrust REIT Inc. will post $1.10 EPS for the current year.
The business also recently announced a quarterly dividend, which will be paid on Friday, October 14th. Stockholders of record on Friday, September 30th will be issued a $0.17 dividend. The ex-dividend date of this dividend is Wednesday, September 28th. This represents a $0.68 dividend on an annualized basis and a dividend yield of 4.50%. CareTrust REIT’s dividend payout ratio (DPR) is currently 88.89%.
Several brokerages have recently commented on CTRE. Canaccord Genuity reiterated a “buy” rating and set a $18.00 price target on shares of CareTrust REIT in a research report on Thursday, September 8th. Raymond James Financial Inc. began coverage on shares of CareTrust REIT in a research report on Thursday, August 25th. They set an “outperform” rating and a $13.50 price target for the company. Zacks Investment Research upgraded shares of CareTrust REIT from a “hold” rating to a “buy” rating and set a $17.00 price target for the company in a research report on Wednesday, August 10th. Wells Fargo & Co. began coverage on shares of CareTrust REIT in a research report on Tuesday, July 26th. They set a “market perform” rating for the company. Finally, Barclays PLC began coverage on shares of CareTrust REIT in a research report on Monday, August 22nd. They set an “equal weight” rating and a $16.00 price target for the company. Three investment analysts have rated the stock with a hold rating and five have given a buy rating to the company’s stock. The company presently has a consensus rating of “Buy” and an average price target of $15.75.
CareTrust REIT Company Profile
CareTrust REIT, Inc is a self-administered, self-managed real estate investment trust (REIT). The Company is primarily engaged in the ownership, acquisition and leasing of healthcare-related properties. The Company’s segment consists of investments in healthcare-related real estate assets. The Company’s real estate portfolio includes approximately 120 skilled nursing facilities (SNFs), assisted living facilities (ALFs) and independent living facilities (ILFs).
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