Natixis Advisors LLC Sells 14,359 Shares of CareTrust REIT, Inc. $CTRE

Natixis Advisors LLC lowered its position in shares of CareTrust REIT, Inc. (NYSE:CTRE) by 9.6% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 135,352 shares of the company’s stock after selling 14,359 shares during the period. Natixis Advisors LLC’s holdings in CareTrust REIT were worth $4,894,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors and hedge funds also recently made changes to their positions in CTRE. EverSource Wealth Advisors LLC increased its position 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 acquiring an additional 644 shares in the last quarter. Heritage Wealth Advisors increased its position in shares of CareTrust REIT by 42.9% during the third quarter. Heritage Wealth Advisors now owns 1,000 shares of the company’s stock valued at $35,000 after acquiring an additional 300 shares in the last quarter. Allworth Financial LP increased its position in shares of CareTrust REIT by 114.0% during the third quarter. Allworth Financial LP now owns 1,042 shares of the company’s stock valued at $36,000 after acquiring an additional 555 shares in the last quarter. Groesbeck Investment Management Corp NJ bought a new stake in shares of CareTrust REIT during the fourth quarter valued at approximately $43,000. Finally, Eurizon Capital SGR S.p.A. bought a new stake in shares of CareTrust REIT during the fourth quarter valued at approximately $44,000. Institutional investors own 87.77% of the company’s stock.

CareTrust REIT Price Performance

Shares of CTRE opened at $36.93 on Tuesday. The firm has a market cap of $8.72 billion, a PE ratio of 23.67, a P/E/G ratio of 1.72 and a beta of 0.76. The company has a current ratio of 2.38, a quick ratio of 2.37 and a debt-to-equity ratio of 0.22. The firm has a fifty day simple moving average of $39.45 and a two-hundred day simple moving average of $38.47. CareTrust REIT, Inc. has a 1-year low of $27.81 and a 1-year high of $43.08.

CareTrust REIT Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, April 15th. Stockholders of record on Tuesday, March 31st were given a dividend of $0.39 per share. This represents a $1.56 dividend on an annualized basis and a dividend yield of 4.2%. The ex-dividend date of this dividend was Tuesday, March 31st. This is a positive change from CareTrust REIT’s previous quarterly dividend of $0.34. CareTrust REIT’s payout ratio is presently 100.00%.

Analyst Upgrades and Downgrades

Several brokerages recently weighed in on CTRE. Mizuho set a $45.00 price target on shares of CareTrust REIT in a research report on Friday, May 22nd. Zacks Research raised shares of CareTrust REIT from a “strong sell” rating to a “hold” rating in a research report on Monday, May 25th. Royal Bank Of Canada lifted their target price on shares of CareTrust REIT from $41.00 to $44.00 and gave the stock an “outperform” rating in a research report on Tuesday, February 24th. Weiss Ratings lowered shares of CareTrust REIT from a “buy (a)” rating to a “buy (a-)” rating in a research note on Tuesday, May 26th. Finally, Wells Fargo & Company boosted their target price on shares of CareTrust REIT from $42.00 to $47.00 and gave the company an “overweight” rating in a research note on Monday, June 1st. Three analysts have rated the stock with a Strong Buy rating, eight have given a Buy rating and two have given a Hold rating to the stock. According to MarketBeat, the company currently has an average rating of “Buy” and a consensus price target of $44.09.

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.