New York State Teachers Retirement System Reduces Position in CareTrust REIT, Inc. (NASDAQ:CTRE)

New York State Teachers Retirement System lowered its position in CareTrust REIT, Inc. (NASDAQ:CTREGet Rating) by 5.6% in the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 165,124 shares of the real estate investment trust’s stock after selling 9,876 shares during the quarter. New York State Teachers Retirement System’s holdings in CareTrust REIT were worth $2,990,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors have also modified their holdings of the company. Quadrant Capital Group LLC increased its holdings in shares of CareTrust REIT by 29.5% in the 2nd quarter. Quadrant Capital Group LLC now owns 2,272 shares of the real estate investment trust’s stock valued at $42,000 after acquiring an additional 518 shares during the period. Wipfli Financial Advisors LLC purchased a new position in CareTrust REIT during the 3rd quarter worth $44,000. Mitsubishi UFJ Trust & Banking Corp increased its stake in CareTrust REIT by 42.2% in the second quarter. Mitsubishi UFJ Trust & Banking Corp now owns 2,556 shares of the real estate investment trust’s stock valued at $47,000 after purchasing an additional 759 shares during the period. SeaCrest Wealth Management LLC purchased a new stake in shares of CareTrust REIT in the second quarter valued at about $61,000. Finally, MBM Wealth Consultants LLC boosted its stake in shares of CareTrust REIT by 30.6% during the third quarter. MBM Wealth Consultants LLC now owns 4,690 shares of the real estate investment trust’s stock worth $85,000 after buying an additional 1,100 shares during the period. 85.01% of the stock is owned by institutional investors and hedge funds.

CareTrust REIT Trading Down 0.7 %

Shares of CTRE stock opened at $19.29 on Tuesday. The business’s fifty day moving average price is $19.23 and its 200 day moving average price is $19.49. The firm has a market capitalization of $1.87 billion, a PE ratio of -482.25 and a beta of 1.11. The company has a debt-to-equity ratio of 0.95, a current ratio of 0.18 and a quick ratio of 0.18. CareTrust REIT, Inc. has a 1-year low of $15.90 and a 1-year high of $22.84.

CareTrust REIT Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, January 13th. Stockholders of record on Friday, December 30th were issued a $0.275 dividend. The ex-dividend date was Thursday, December 29th. This represents a $1.10 dividend on an annualized basis and a dividend yield of 5.70%. CareTrust REIT’s dividend payout ratio is presently -2,750.00%.

Wall Street Analysts Forecast Growth

CTRE has been the subject of several analyst reports. Barclays reduced their price objective on CareTrust REIT from $20.00 to $19.00 and set an “equal weight” rating for the company in a research note on Friday, October 21st. Raymond James cut their price target on CareTrust REIT from $23.00 to $22.00 and set a “strong-buy” rating for the company in a research note on Tuesday, November 1st. Finally, StockNews.com assumed coverage on shares of CareTrust REIT in a research report on Wednesday, October 12th. They issued a “hold” rating on the stock. Five analysts have rated the stock with a hold rating, one has given a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat.com, CareTrust REIT currently has a consensus rating of “Hold” and an average target price of $20.92.

CareTrust REIT Profile

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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.

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

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