Segall Bryant & Hamill LLC Has $16.34 Million Stock Holdings in CareTrust REIT, Inc. $CTRE

Segall Bryant & Hamill LLC trimmed its stake in shares of CareTrust REIT, Inc. (NYSE:CTRE) by 16.4% in the first quarter, HoldingsChannel.com reports. The fund owned 445,732 shares of the company’s stock after selling 87,166 shares during the quarter. Segall Bryant & Hamill LLC’s holdings in CareTrust REIT were worth $16,336,000 at the end of the most recent reporting period.

Other large investors also recently modified their holdings of the company. Kemnay Advisory Services Inc. bought a new position in shares of CareTrust REIT in the fourth quarter worth $27,000. Transamerica Financial Advisors LLC raised its stake in CareTrust REIT by 520.0% in the fourth quarter. Transamerica Financial Advisors LLC now owns 868 shares of the company’s stock valued at $32,000 after purchasing an additional 728 shares in the last quarter. EverSource Wealth Advisors LLC lifted its position in CareTrust REIT by 134.2% during the second quarter. EverSource Wealth Advisors LLC now owns 1,124 shares of the company’s stock worth $34,000 after purchasing an additional 644 shares during the period. Mcguire Capital Advisors Inc. bought a new stake in CareTrust REIT during the fourth quarter worth about $40,000. Finally, Groesbeck Investment Management Corp NJ bought a new stake in CareTrust REIT during the fourth quarter worth about $43,000. 87.77% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several research firms have commented on CTRE. KeyCorp reissued an “overweight” rating and issued a $46.00 target price on shares of CareTrust REIT in a report on Friday, May 29th. Raymond James Financial began coverage on shares of CareTrust REIT in a report on Tuesday, June 16th. They set an “outperform” rating and a $43.00 price target for the company. Citigroup reiterated a “market outperform” rating on shares of CareTrust REIT in a research report on Wednesday, June 10th. BMO Capital Markets lifted their price objective on shares of CareTrust REIT from $46.00 to $47.00 and gave the company an “outperform” rating in a research note on Monday, June 15th. Finally, Zacks Research upgraded shares of CareTrust REIT from a “strong sell” rating to a “hold” rating in a research report on Monday, May 25th. One investment analyst has rated the stock with a Strong Buy rating, ten have given a Buy rating and two have given a Hold rating to the stock. According to MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target of $44.82.

CareTrust REIT Stock Performance

NYSE:CTRE opened at $42.04 on Friday. CareTrust REIT, Inc. has a twelve month low of $31.33 and a twelve month high of $43.62. The company has a quick ratio of 2.37, a current ratio of 2.38 and a debt-to-equity ratio of 0.22. The stock’s 50-day simple moving average is $40.14 and its 200 day simple moving average is $39.40. The firm has a market capitalization of $9.93 billion, a PE ratio of 26.95, a price-to-earnings-growth ratio of 1.89 and a beta of 0.76.

CareTrust REIT Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Wednesday, July 15th. Stockholders of record on Tuesday, June 30th were issued a $0.39 dividend. The ex-dividend date of this dividend was Tuesday, June 30th. This represents a $1.56 dividend on an annualized basis and a dividend yield of 3.7%. CareTrust REIT’s dividend payout ratio is 100.00%.

CareTrust REIT 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.