CareTrust REIT, Inc. (NASDAQ:CTRE) Shares Acquired by UniSuper Management Pty Ltd

UniSuper Management Pty Ltd lifted its holdings in shares of CareTrust REIT, Inc. (NASDAQ:CTRE) by 18.4% in the 1st quarter, according to its most recent Form 13F filing with the SEC. The firm owned 34,100 shares of the real estate investment trust’s stock after buying an additional 5,300 shares during the period. UniSuper Management Pty Ltd’s holdings in CareTrust REIT were worth $831,000 at the end of the most recent quarter.

Several other hedge funds have also made changes to their positions in the business. Vanguard Group Inc. lifted its position in CareTrust REIT by 13.3% in the first quarter. Vanguard Group Inc. now owns 20,267,738 shares of the real estate investment trust’s stock valued at $493,925,000 after purchasing an additional 2,376,832 shares during the period. GRS Advisors LLC acquired a new stake in CareTrust REIT in the fourth quarter valued at about $31,656,000. Norges Bank acquired a new stake in CareTrust REIT in the fourth quarter valued at about $18,640,000. Hazelview Securities Inc. acquired a new stake in CareTrust REIT in the first quarter valued at about $20,047,000. Finally, Russell Investments Group Ltd. lifted its position in CareTrust REIT by 335.1% in the fourth quarter. Russell Investments Group Ltd. now owns 562,193 shares of the real estate investment trust’s stock valued at $12,595,000 after purchasing an additional 432,984 shares during the period. Institutional investors and hedge funds own 87.77% of the company’s stock.

CareTrust REIT Price Performance

Shares of CTRE traded up $0.23 during mid-day trading on Thursday, reaching $26.97. 42,525 shares of the company’s stock were exchanged, compared to its average volume of 1,348,561. The company has a quick ratio of 12.80, a current ratio of 12.80 and a debt-to-equity ratio of 0.36. The company has a 50-day simple moving average of $25.61 and a two-hundred day simple moving average of $24.05. CareTrust REIT, Inc. has a 52-week low of $19.43 and a 52-week high of $27.32. The company has a market cap of $3.83 billion, a price-to-earnings ratio of 51.46 and a beta of 1.09.

CareTrust REIT Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Monday, July 15th. Stockholders of record on Friday, June 28th were paid a dividend of $0.29 per share. The ex-dividend date of this dividend was Friday, June 28th. This represents a $1.16 dividend on an annualized basis and a dividend yield of 4.30%. CareTrust REIT’s dividend payout ratio (DPR) is 223.08%.

Analysts Set New Price Targets

CTRE has been the subject of a number of recent analyst reports. Deutsche Bank Aktiengesellschaft raised their price objective on shares of CareTrust REIT from $23.00 to $27.00 and gave the company a “hold” rating in a research report on Monday, July 1st. Wedbush started coverage on shares of CareTrust REIT in a research report on Wednesday, May 29th. They set a “neutral” rating and a $26.00 price target for the company. KeyCorp lifted their price target on shares of CareTrust REIT from $25.00 to $27.00 and gave the company an “overweight” rating in a research report on Thursday, May 9th. Finally, Wells Fargo & Company lifted their price target on shares of CareTrust REIT from $24.00 to $26.00 and gave the company an “equal weight” rating in a research report on Thursday, May 30th. Four analysts have rated the stock with a hold rating and five have given a buy rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $25.00.

CareTrust REIT Company Profile

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.