Aew Capital Management L P Sells 395,597 Shares of CareTrust REIT, Inc. $CTRE

Aew Capital Management L P trimmed its holdings in CareTrust REIT, Inc. (NYSE:CTRE) by 36.0% in the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 701,884 shares of the company’s stock after selling 395,597 shares during the quarter. CareTrust REIT comprises 1.8% of Aew Capital Management L P’s portfolio, making the stock its 16th biggest holding. Aew Capital Management L P’s holdings in CareTrust REIT were worth $25,380,000 as of its most recent SEC filing.

A number of other institutional investors have also made changes to their positions in CTRE. Vanguard Group Inc. raised its holdings in shares of CareTrust REIT by 14.1% in the third quarter. Vanguard Group Inc. now owns 32,973,216 shares of the company’s stock valued at $1,143,511,000 after buying an additional 4,067,975 shares during the last quarter. Hudson Bay Capital Management LP raised its holdings in shares of CareTrust REIT by 713.4% in the third quarter. Hudson Bay Capital Management LP now owns 1,710,528 shares of the company’s stock valued at $59,321,000 after buying an additional 1,989,394 shares during the last quarter. Daiwa Securities Group Inc. raised its position in CareTrust REIT by 114.4% in the 3rd quarter. Daiwa Securities Group Inc. now owns 3,238,307 shares of the company’s stock worth $112,305,000 after purchasing an additional 1,728,043 shares during the last quarter. State Street Corp raised its position in CareTrust REIT by 11.7% in the 3rd quarter. State Street Corp now owns 12,206,572 shares of the company’s stock worth $427,336,000 after purchasing an additional 1,277,378 shares during the last quarter. Finally, Zimmer Partners LP raised its position in CareTrust REIT by 140.8% in the 3rd quarter. Zimmer Partners LP now owns 1,588,130 shares of the company’s stock worth $55,076,000 after purchasing an additional 928,688 shares during the last quarter. 87.77% of the stock is owned by institutional investors.

CareTrust REIT Stock Performance

Shares of CareTrust REIT stock opened at $41.47 on Thursday. The firm has a fifty day moving average of $39.20 and a two-hundred day moving average of $38.12. The stock has a market capitalization of $9.80 billion, a price-to-earnings ratio of 26.59, a PEG ratio of 2.73 and a beta of 0.77. CareTrust REIT, Inc. has a 52 week low of $27.81 and a 52 week high of $43.08. The company has a debt-to-equity ratio of 0.22, a quick ratio of 2.37 and a current ratio of 2.38.

CareTrust REIT Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Wednesday, April 15th. Stockholders of record on Tuesday, March 31st were paid a $0.39 dividend. This is a boost from CareTrust REIT’s previous quarterly dividend of $0.34. The ex-dividend date of this dividend was Tuesday, March 31st. This represents a $1.56 dividend on an annualized basis and a dividend yield of 3.8%. CareTrust REIT’s dividend payout ratio (DPR) is currently 85.90%.

Analysts Set New Price Targets

Several research analysts recently weighed in on CTRE shares. UBS Group boosted their price objective on shares of CareTrust REIT from $44.00 to $48.00 and gave the stock a “buy” rating in a research report on Wednesday, February 18th. Cantor Fitzgerald boosted their price objective on shares of CareTrust REIT from $37.00 to $42.00 and gave the stock a “neutral” rating in a research report on Tuesday, February 17th. Zacks Research downgraded shares of CareTrust REIT from a “hold” rating to a “strong sell” rating in a research report on Wednesday, March 25th. Royal Bank Of Canada upped their target price 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. Finally, Citizens Jmp started coverage on shares of CareTrust REIT in a research report on Thursday, January 22nd. They set a “market outperform” rating and a $44.00 target price on the stock. Three analysts have rated the stock with a Strong Buy rating, eight have given a Buy rating, one has assigned a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat, CareTrust REIT presently has an average rating of “Buy” and an average target price of $42.82.

CareTrust REIT Company Profile

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.