Mitsubishi UFJ Trust & Banking Corp Purchases 1,669 Shares of CareTrust REIT, Inc. (NASDAQ:CTRE)

Mitsubishi UFJ Trust & Banking Corp lifted its position in shares of CareTrust REIT, Inc. (NASDAQ:CTREGet Rating) by 301.3% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 2,223 shares of the real estate investment trust’s stock after purchasing an additional 1,669 shares during the quarter. Mitsubishi UFJ Trust & Banking Corp’s holdings in CareTrust REIT were worth $51,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently made changes to their positions in the company. BlackRock Inc. boosted its position in shares of CareTrust REIT by 0.6% during the third quarter. BlackRock Inc. now owns 19,128,569 shares of the real estate investment trust’s stock worth $388,693,000 after purchasing an additional 105,889 shares in the last quarter. Bank of New York Mellon Corp boosted its position in shares of CareTrust REIT by 0.4% during the third quarter. Bank of New York Mellon Corp now owns 3,307,529 shares of the real estate investment trust’s stock worth $67,208,000 after purchasing an additional 13,238 shares in the last quarter. American Century Companies Inc. boosted its position in shares of CareTrust REIT by 47.0% during the fourth quarter. American Century Companies Inc. now owns 1,964,109 shares of the real estate investment trust’s stock worth $44,841,000 after purchasing an additional 628,080 shares in the last quarter. Dimensional Fund Advisors LP boosted its position in shares of CareTrust REIT by 0.7% during the third quarter. Dimensional Fund Advisors LP now owns 1,414,236 shares of the real estate investment trust’s stock worth $28,738,000 after purchasing an additional 9,449 shares in the last quarter. Finally, Invesco Ltd. boosted its position in shares of CareTrust REIT by 10.6% during the third quarter. Invesco Ltd. now owns 1,355,836 shares of the real estate investment trust’s stock worth $27,551,000 after purchasing an additional 129,495 shares in the last quarter. 85.43% of the stock is currently owned by institutional investors.

Several equities research analysts recently commented on CTRE shares. StockNews.com started coverage on shares of CareTrust REIT in a research report on Thursday, March 31st. They issued a “hold” rating on the stock. BMO Capital Markets cut shares of CareTrust REIT from an “outperform” rating to a “market perform” rating and set a $20.00 price objective on the stock. in a research report on Friday, March 11th. Zacks Investment Research raised shares of CareTrust REIT from a “strong sell” rating to a “hold” rating in a research report on Tuesday. TheStreet cut shares of CareTrust REIT from a “b” rating to a “c+” rating in a research report on Monday, February 14th. Finally, Credit Suisse Group started coverage on shares of CareTrust REIT in a research report on Tuesday, February 1st. They issued a “neutral” rating and a $22.00 price objective on the stock. Six equities research analysts have rated the stock with a hold rating, one has issued a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat.com, the company presently has an average rating of “Hold” and a consensus price target of $21.43.

NASDAQ CTRE opened at $17.16 on Friday. The firm has a 50-day moving average price of $17.84 and a two-hundred day moving average price of $19.79. CareTrust REIT, Inc. has a 12-month low of $15.90 and a 12-month high of $24.58. The company has a quick ratio of 0.88, a current ratio of 1.16 and a debt-to-equity ratio of 0.83. The company has a market capitalization of $1.67 billion, a P/E ratio of 214.50 and a beta of 1.20.

CareTrust REIT (NASDAQ:CTREGet Rating) last announced its quarterly earnings results on Tuesday, February 15th. The real estate investment trust reported $0.19 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.25 by ($0.06). CareTrust REIT had a net margin of 4.26% and a return on equity of 0.91%. During the same quarter last year, the firm earned $0.36 earnings per share. Equities analysts expect that CareTrust REIT, Inc. will post 1.49 EPS for the current year.

The firm also recently disclosed a quarterly dividend, which was paid on Friday, April 15th. Shareholders of record on Thursday, March 31st were paid a $0.275 dividend. This represents a $1.10 dividend on an annualized basis and a dividend yield of 6.41%. This is a positive change from CareTrust REIT’s previous quarterly dividend of $0.27. The ex-dividend date was Wednesday, March 30th. CareTrust REIT’s dividend payout ratio (DPR) is 1,375.00%.

CareTrust REIT Company Profile (Get Rating)

CareTrust REIT, Inc is a self-administered, publicly-traded real estate investment trust engaged in the ownership, acquisition, development and leasing of skilled nursing, seniors housing and other healthcare-related properties. With a nationwide portfolio of long-term net-leased properties, and a growing portfolio of quality operators leasing them, CareTrust REIT is pursuing both external and organic growth opportunities across the United States.

Further Reading

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Institutional Ownership by Quarter for CareTrust REIT (NASDAQ:CTRE)

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