Graham Capital Management L.P. Purchases New Holdings in CareTrust REIT, Inc. (NASDAQ:CTRE)

Graham Capital Management L.P. purchased a new stake in CareTrust REIT, Inc. (NASDAQ:CTREFree Report) in the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 46,012 shares of the real estate investment trust’s stock, valued at approximately $943,000.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the business. Walleye Capital LLC purchased a new position in CareTrust REIT in the third quarter valued at about $1,000,000. Tudor Investment Corp Et Al purchased a new position in CareTrust REIT in the third quarter valued at about $822,000. Public Employees Retirement System of Ohio raised its stake in CareTrust REIT by 8.0% during the third quarter. Public Employees Retirement System of Ohio now owns 142,730 shares of the real estate investment trust’s stock valued at $2,926,000 after buying an additional 10,582 shares in the last quarter. Morgan Stanley raised its stake in CareTrust REIT by 89.7% during the third quarter. Morgan Stanley now owns 2,197,841 shares of the real estate investment trust’s stock valued at $45,056,000 after buying an additional 1,039,019 shares in the last quarter. Finally, The Manufacturers Life Insurance Company raised its stake in CareTrust REIT by 24.5% during the third quarter. The Manufacturers Life Insurance Company now owns 50,076 shares of the real estate investment trust’s stock valued at $1,027,000 after buying an additional 9,848 shares in the last quarter. Hedge funds and other institutional investors own 92.24% of the company’s stock.

Analyst Ratings Changes

CTRE has been the topic of several research reports. Deutsche Bank Aktiengesellschaft initiated coverage on CareTrust REIT in a research note on Tuesday, January 30th. They set a “hold” rating and a $23.00 price objective on the stock. KeyCorp increased their price target on CareTrust REIT from $22.00 to $25.00 and gave the stock an “overweight” rating in a research report on Friday, January 5th. Royal Bank of Canada dropped their price target on CareTrust REIT from $25.00 to $24.00 and set an “outperform” rating on the stock in a research report on Wednesday, January 31st. Finally, Wells Fargo & Company raised their target price on CareTrust REIT from $22.00 to $23.00 and gave the company an “equal weight” rating in a research report on Monday, November 27th. Three equities research analysts have rated the stock with a hold rating and five have assigned a buy rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $23.57.

View Our Latest Analysis on CTRE

CareTrust REIT Stock Performance

CTRE opened at $23.59 on Friday. The firm has a market cap of $3.18 billion, a PE ratio of 48.13 and a beta of 1.04. The company has a quick ratio of 8.67, a current ratio of 8.67 and a debt-to-equity ratio of 0.42. The business has a fifty day simple moving average of $22.29 and a 200-day simple moving average of $21.86. CareTrust REIT, Inc. has a fifty-two week low of $17.86 and a fifty-two week high of $23.97.

CareTrust REIT Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, January 12th. Stockholders of record on Friday, December 29th were paid a dividend of $0.28 per share. This represents a $1.12 annualized dividend and a dividend yield of 4.75%. The ex-dividend date of this dividend was Thursday, December 28th. CareTrust REIT’s dividend payout ratio is presently 228.57%.

CareTrust REIT Company Profile

(Free Report)

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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