Vanguard Group Inc. Has $400.40 Million Stock Position in CareTrust REIT, Inc. (NASDAQ:CTRE)

Vanguard Group Inc. boosted its holdings in shares of CareTrust REIT, Inc. (NASDAQ:CTRE) by 11.7% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 17,890,906 shares of the real estate investment trust’s stock after buying an additional 1,871,125 shares during the period. Vanguard Group Inc. owned approximately 13.71% of CareTrust REIT worth $400,398,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors have also recently bought and sold shares of CTRE. HighTower Advisors LLC raised its position in CareTrust REIT by 58.5% during the third quarter. HighTower Advisors LLC now owns 23,822 shares of the real estate investment trust’s stock valued at $489,000 after buying an additional 8,792 shares during the period. Invesco Ltd. increased its position in CareTrust REIT by 4.0% in the 3rd quarter. Invesco Ltd. now owns 632,967 shares of the real estate investment trust’s stock worth $12,976,000 after purchasing an additional 24,171 shares during the last quarter. Hsbc Holdings PLC increased its position in CareTrust REIT by 159.8% in the 3rd quarter. Hsbc Holdings PLC now owns 140,918 shares of the real estate investment trust’s stock worth $2,892,000 after purchasing an additional 86,668 shares during the last quarter. Natixis Advisors L.P. increased its position in CareTrust REIT by 4.5% in the 3rd quarter. Natixis Advisors L.P. now owns 66,815 shares of the real estate investment trust’s stock worth $1,370,000 after purchasing an additional 2,871 shares during the last quarter. Finally, Adage Capital Partners GP L.L.C. increased its position in CareTrust REIT by 466.7% in the 3rd quarter. Adage Capital Partners GP L.L.C. now owns 425,000 shares of the real estate investment trust’s stock worth $8,712,000 after purchasing an additional 350,000 shares during the last quarter. 87.77% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

CTRE has been the topic of several research reports. Wedbush initiated coverage on CareTrust REIT in a research report on Wednesday, May 29th. They issued a “neutral” rating and a $26.00 target price on the stock. Wells Fargo & Company upped their target price on CareTrust REIT from $24.00 to $26.00 and gave the stock an “equal weight” rating in a research report on Thursday, May 30th. Finally, KeyCorp upped their price target on CareTrust REIT from $25.00 to $27.00 and gave the stock an “overweight” rating in a research note on Thursday, May 9th. Four analysts have rated the stock with a hold rating and five have issued a buy rating to the company. According to data from MarketBeat.com, CareTrust REIT presently has an average rating of “Moderate Buy” and an average price target of $24.50.

CareTrust REIT Stock Performance

CTRE opened at $24.92 on Friday. The company has a market cap of $3.54 billion, a PE ratio of 47.92 and a beta of 1.06. The stock has a 50-day moving average of $25.01 and a 200-day moving average of $23.57. CareTrust REIT, Inc. has a 52-week low of $19.25 and a 52-week high of $26.43. The company has a debt-to-equity ratio of 0.36, a quick ratio of 12.80 and a current ratio of 12.80.

CareTrust REIT Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Monday, July 15th. Investors of record on Friday, June 28th will be paid a dividend of $0.29 per share. The ex-dividend date is Friday, June 28th. This represents a $1.16 annualized dividend and a yield of 4.65%. CareTrust REIT’s payout ratio is 223.08%.

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.