CareTrust REIT, Inc. $CTRE Shares Bought by VIRGINIA RETIREMENT SYSTEMS ET Al

VIRGINIA RETIREMENT SYSTEMS ET Al raised its position in CareTrust REIT, Inc. (NYSE:CTRE) by 39.8% during the 4th quarter, HoldingsChannel.com reports. The firm owned 317,400 shares of the company’s stock after acquiring an additional 90,400 shares during the period. VIRGINIA RETIREMENT SYSTEMS ET Al’s holdings in CareTrust REIT were worth $11,477,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently bought and sold shares of the company. Swiss Life Asset Management Ltd boosted its holdings in CareTrust REIT by 2.9% in the 4th quarter. Swiss Life Asset Management Ltd now owns 10,309 shares of the company’s stock valued at $373,000 after purchasing an additional 291 shares during the last quarter. Ballentine Partners LLC boosted its holdings in CareTrust REIT by 5.9% in the 4th quarter. Ballentine Partners LLC now owns 12,812 shares of the company’s stock valued at $463,000 after purchasing an additional 719 shares during the last quarter. MGO One Seven LLC acquired a new position in CareTrust REIT in the 4th quarter valued at about $360,000. Mitsubishi UFJ Asset Management Co. Ltd. boosted its holdings in CareTrust REIT by 5.4% in the 4th quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 175,238 shares of the company’s stock valued at $6,363,000 after purchasing an additional 8,942 shares during the last quarter. Finally, Sumitomo Mitsui DS Asset Management Company Ltd boosted its holdings in CareTrust REIT by 22.1% in the 4th quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 58,700 shares of the company’s stock valued at $2,123,000 after purchasing an additional 10,635 shares during the last quarter. 87.77% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of equities research analysts have recently issued reports on CTRE shares. Cantor Fitzgerald boosted their price target on shares of CareTrust REIT from $37.00 to $42.00 and gave the company a “neutral” rating in a research note on Tuesday, February 17th. The Goldman Sachs Group set a $44.00 target price on shares of CareTrust REIT in a research note on Thursday, January 22nd. Royal Bank Of Canada increased their price objective on shares of CareTrust REIT from $41.00 to $44.00 and gave the company an “outperform” rating in a research report on Tuesday, February 24th. Citigroup started coverage on shares of CareTrust REIT in a report on Thursday, January 22nd. They issued a “market outperform” rating for the company. Finally, Mizuho started coverage on shares of CareTrust REIT in a research note on Thursday, April 2nd. They set an “outperform” rating and a $42.00 price target for the company. Three analysts have rated the stock with a Strong Buy rating, eight have issued a Buy rating, one has given a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat.com, the company presently has a consensus rating of “Buy” and an average price target of $42.82.

CareTrust REIT Stock Performance

Shares of CTRE opened at $42.40 on Thursday. The company has a 50-day simple moving average of $39.02 and a 200-day simple moving average of $37.88. The company has a quick ratio of 2.37, a current ratio of 2.38 and a debt-to-equity ratio of 0.22. The company has a market capitalization of $10.02 billion, a PE ratio of 27.18, a P/E/G ratio of 2.78 and a beta of 0.77. CareTrust REIT, Inc. has a 52-week low of $27.72 and a 52-week high of $42.45.

CareTrust REIT (NYSE:CTRE) last announced its quarterly earnings results on Thursday, February 12th. The company reported $0.50 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.47 by $0.03. The business had revenue of $134.86 million during the quarter. CareTrust REIT had a net margin of 64.10% and a return on equity of 8.65%. Equities research analysts predict that CareTrust REIT, Inc. will post 2 earnings per share for the current fiscal year.

CareTrust REIT Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Wednesday, April 15th. Shareholders of record on Tuesday, March 31st were issued a dividend of $0.39 per share. This is an increase from CareTrust REIT’s previous quarterly dividend of $0.34. The ex-dividend date was Tuesday, March 31st. This represents a $1.56 annualized dividend and a yield of 3.7%. CareTrust REIT’s payout ratio is 85.90%.

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.