Knights of Columbus Asset Advisors LLC Acquires 23,665 Shares of CareTrust REIT, Inc. $CTRE

Knights of Columbus Asset Advisors LLC grew its holdings in shares of CareTrust REIT, Inc. (NYSE:CTRE) by 41.2% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 81,056 shares of the company’s stock after purchasing an additional 23,665 shares during the quarter. Knights of Columbus Asset Advisors LLC’s holdings in CareTrust REIT were worth $2,931,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors have also modified their holdings of the business. Vanguard Group Inc. raised its holdings in shares of CareTrust REIT by 0.6% during the 4th quarter. Vanguard Group Inc. now owns 33,184,181 shares of the company’s stock valued at $1,199,940,000 after purchasing an additional 210,965 shares in the last quarter. State Street Corp boosted its holdings in shares of CareTrust REIT by 11.7% during the 3rd quarter. State Street Corp now owns 12,206,572 shares of the company’s stock worth $427,336,000 after buying an additional 1,277,378 shares during the period. Daiwa Securities Group Inc. boosted its holdings in shares of CareTrust REIT by 114.4% during the 3rd quarter. Daiwa Securities Group Inc. now owns 3,238,307 shares of the company’s stock worth $112,305,000 after buying an additional 1,728,043 shares during the period. Alyeska Investment Group L.P. boosted its holdings in shares of CareTrust REIT by 19.5% during the 3rd quarter. Alyeska Investment Group L.P. now owns 3,116,292 shares of the company’s stock worth $108,073,000 after buying an additional 509,298 shares during the period. Finally, Dimensional Fund Advisors LP boosted its holdings in shares of CareTrust REIT by 17.8% during the 3rd quarter. Dimensional Fund Advisors LP now owns 3,100,590 shares of the company’s stock worth $107,525,000 after buying an additional 468,719 shares during the period. Institutional investors own 87.77% of the company’s stock.

CareTrust REIT Price Performance

Shares of CareTrust REIT stock opened at $41.67 on Thursday. The company has a debt-to-equity ratio of 0.22, a current ratio of 2.38 and a quick ratio of 2.37. CareTrust REIT, Inc. has a fifty-two week low of $27.81 and a fifty-two week high of $43.08. The firm has a fifty day moving average price of $39.34 and a two-hundred day moving average price of $38.33. The company has a market cap of $9.85 billion, a PE ratio of 26.71, a price-to-earnings-growth ratio of 2.71 and a beta of 0.76.

CareTrust REIT Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Wednesday, April 15th. Shareholders of record on Tuesday, March 31st were issued 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 yield of 3.7%. CareTrust REIT’s payout ratio is currently 100.00%.

Analyst Upgrades and Downgrades

Several analysts recently issued reports on the stock. Weiss Ratings downgraded shares of CareTrust REIT from a “buy (a)” rating to a “buy (a-)” rating in a report on Tuesday. Mizuho set a $45.00 price objective on shares of CareTrust REIT in a report on Friday, May 22nd. Cantor Fitzgerald upped their price objective on shares of CareTrust REIT from $37.00 to $42.00 and gave the stock a “neutral” rating in a report on Tuesday, February 17th. Wells Fargo & Company upped their price objective on shares of CareTrust REIT from $41.00 to $42.00 and gave the stock an “overweight” rating in a report on Thursday, March 26th. Finally, Royal Bank Of Canada upped their price objective on shares of CareTrust REIT from $41.00 to $44.00 and gave the stock an “outperform” rating in a report on Tuesday, February 24th. Three research analysts have rated the stock with a Strong Buy rating, eight have assigned a Buy rating and two have issued a Hold rating to the company. According to MarketBeat.com, CareTrust REIT currently has an average rating of “Buy” and a consensus price target of $43.09.

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.