Teacher Retirement System of Texas Has $908,000 Stake in CareTrust REIT, Inc. (NASDAQ:CTRE)

Teacher Retirement System of Texas lowered its position in CareTrust REIT, Inc. (NASDAQ:CTRE) by 40.8% during the fourth quarter, according to its most recent filing with the SEC. The firm owned 40,578 shares of the real estate investment trust’s stock after selling 28,006 shares during the period. Teacher Retirement System of Texas’ holdings in CareTrust REIT were worth $908,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors have also recently modified their holdings of the company. Global Retirement Partners LLC lifted its position in shares of CareTrust REIT by 113.9% during the 4th quarter. Global Retirement Partners LLC now owns 1,388 shares of the real estate investment trust’s stock valued at $31,000 after acquiring an additional 739 shares during the period. ORG Partners LLC acquired a new position in shares of CareTrust REIT during the 3rd quarter valued at $31,000. AlphaMark Advisors LLC lifted its position in shares of CareTrust REIT by 245.2% during the 4th quarter. AlphaMark Advisors LLC now owns 3,625 shares of the real estate investment trust’s stock valued at $81,000 after acquiring an additional 2,575 shares during the period. M&T Bank Corp acquired a new position in shares of CareTrust REIT during the 4th quarter valued at $236,000. Finally, International Assets Investment Management LLC bought a new stake in CareTrust REIT during the 4th quarter valued at $2,500,000. Institutional investors and hedge funds own 87.77% of the company’s stock.

CareTrust REIT Stock Performance

NASDAQ CTRE opened at $25.46 on Thursday. CareTrust REIT, Inc. has a 1 year low of $18.18 and a 1 year high of $26.43. The company has a debt-to-equity ratio of 0.36, a current ratio of 12.80 and a quick ratio of 12.80. The firm has a market cap of $3.62 billion, a price-to-earnings ratio of 48.96 and a beta of 1.03. The company has a fifty day moving average price of $24.33 and a 200-day moving average price of $23.09.

CareTrust REIT Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, April 15th. Investors of record on Thursday, March 28th were issued a $0.29 dividend. This is an increase from CareTrust REIT’s previous quarterly dividend of $0.28. This represents a $1.16 dividend on an annualized basis and a dividend yield of 4.56%. The ex-dividend date was Wednesday, March 27th. CareTrust REIT’s payout ratio is 223.08%.

Wall Street Analyst Weigh In

A number of brokerages have commented on CTRE. Deutsche Bank Aktiengesellschaft began coverage on shares of CareTrust REIT in a research note on Tuesday, January 30th. They set a “hold” rating and a $23.00 price target for the company. KeyCorp boosted their price target on shares of CareTrust REIT from $25.00 to $27.00 and gave the company an “overweight” rating in a research note on Thursday, May 9th. Finally, Royal Bank of Canada decreased their price target on shares of CareTrust REIT from $25.00 to $24.00 and set an “outperform” rating for the company in a research note on Wednesday, January 31st. Three equities research analysts have rated the stock with a hold rating and five have issued a buy rating to the company. According to MarketBeat, CareTrust REIT presently has a consensus rating of “Moderate Buy” and an average target price of $23.86.

About CareTrust REIT

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.