Strs Ohio Reduces Stock Holdings in CareTrust REIT, Inc. (NASDAQ:CTRE)

Strs Ohio decreased its holdings in CareTrust REIT, Inc. (NASDAQ:CTRE) by 61.3% in the fourth quarter, HoldingsChannel.com reports. The fund owned 154,960 shares of the real estate investment trust’s stock after selling 245,600 shares during the period. Strs Ohio’s holdings in CareTrust REIT were worth $3,468,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the business. Global Retirement Partners LLC raised its holdings in CareTrust REIT by 113.9% in the fourth quarter. Global Retirement Partners LLC now owns 1,388 shares of the real estate investment trust’s stock worth $31,000 after purchasing an additional 739 shares in the last quarter. ORG Partners LLC bought a new position in CareTrust REIT in the third quarter worth $31,000. Sunbelt Securities Inc. bought a new position in CareTrust REIT in the first quarter worth $34,000. Tower Research Capital LLC TRC raised its holdings in CareTrust REIT by 366.0% in the first quarter. Tower Research Capital LLC TRC now owns 2,344 shares of the real estate investment trust’s stock worth $46,000 after purchasing an additional 1,841 shares in the last quarter. Finally, AlphaMark Advisors LLC raised its holdings in CareTrust REIT by 245.2% in the fourth quarter. AlphaMark Advisors LLC now owns 3,625 shares of the real estate investment trust’s stock worth $81,000 after purchasing an additional 2,575 shares in the last quarter. Hedge funds and other institutional investors own 87.77% of the company’s stock.

Analyst Ratings Changes

CTRE has been the subject of a number of research reports. Royal Bank of Canada decreased their price objective on CareTrust REIT from $25.00 to $24.00 and set an “outperform” rating for the company in a report on Wednesday, January 31st. Deutsche Bank Aktiengesellschaft started coverage on CareTrust REIT in a report on Tuesday, January 30th. They issued a “hold” rating and a $23.00 price objective for the company. Finally, KeyCorp raised their price target on CareTrust REIT from $22.00 to $25.00 and gave the company an “overweight” rating in a report on Friday, January 5th. Three equities research 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, the stock presently has an average rating of “Moderate Buy” and an average price target of $23.57.

CareTrust REIT Price Performance

NASDAQ CTRE opened at $23.74 on Friday. CareTrust REIT, Inc. has a one year low of $18.18 and a one year high of $24.62. The stock has a 50-day moving average of $23.54 and a 200 day moving average of $22.52. The company has a market capitalization of $3.20 billion, a price-to-earnings ratio of 48.45 and a beta of 1.05. The company has a debt-to-equity ratio of 0.42, a quick ratio of 8.67 and a current ratio of 8.67.

CareTrust REIT Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Monday, April 15th. Investors of record on Thursday, March 28th were issued a $0.29 dividend. This represents a $1.16 annualized dividend and a yield of 4.89%. This is an increase from CareTrust REIT’s previous quarterly dividend of $0.28. The ex-dividend date of this dividend was Wednesday, March 27th. CareTrust REIT’s dividend payout ratio (DPR) is presently 236.73%.

CareTrust REIT 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.