CareTrust REIT, Inc. (NASDAQ:CTRE) Shares Sold by Victory Capital Management Inc.

Victory Capital Management Inc. trimmed its position in CareTrust REIT, Inc. (NASDAQ:CTRE) by 18.0% during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 874,205 shares of the real estate investment trust’s stock after selling 191,278 shares during the quarter. Victory Capital Management Inc.’s holdings in CareTrust REIT were worth $19,565,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also modified their holdings of CTRE. Mackenzie Financial Corp raised its holdings in CareTrust REIT by 3.1% in the fourth quarter. Mackenzie Financial Corp now owns 16,317 shares of the real estate investment trust’s stock valued at $365,000 after buying an additional 484 shares during the period. Van ECK Associates Corp raised its stake in shares of CareTrust REIT by 4.3% in the 3rd quarter. Van ECK Associates Corp now owns 11,730 shares of the real estate investment trust’s stock valued at $240,000 after acquiring an additional 486 shares during the period. Exchange Traded Concepts LLC lifted its holdings in shares of CareTrust REIT by 0.8% during the 4th quarter. Exchange Traded Concepts LLC now owns 65,569 shares of the real estate investment trust’s stock valued at $1,467,000 after acquiring an additional 516 shares in the last quarter. Daiwa Securities Group Inc. boosted its position in CareTrust REIT by 2.2% during the 3rd quarter. Daiwa Securities Group Inc. now owns 31,537 shares of the real estate investment trust’s stock worth $647,000 after purchasing an additional 668 shares during the period. Finally, Global Retirement Partners LLC boosted its position in 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 worth $31,000 after purchasing an additional 739 shares during the period. 87.77% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of research analysts have commented on CTRE shares. KeyCorp boosted their price objective on CareTrust REIT from $25.00 to $27.00 and gave the stock an “overweight” rating in a research note on Thursday. Royal Bank of Canada reduced 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, Deutsche Bank Aktiengesellschaft started coverage on shares of CareTrust REIT in a research report on Tuesday, January 30th. They issued a “hold” rating and a $23.00 price objective for the company. Three analysts have rated the stock with a hold rating and five have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of $23.86.

CareTrust REIT Stock Performance

CareTrust REIT stock opened at $24.55 on Friday. CareTrust REIT, Inc. has a 52 week low of $18.18 and a 52 week high of $26.43. The company has a current ratio of 12.80, a quick ratio of 12.80 and a debt-to-equity ratio of 0.36. The stock has a market cap of $3.49 billion, a P/E ratio of 47.21 and a beta of 1.03. The stock has a 50 day moving average of $24.03 and a 200-day moving average of $22.86.

CareTrust REIT Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, April 15th. Shareholders of record on Thursday, March 28th were paid a dividend of $0.29 per share. This represents a $1.16 dividend on an annualized basis and a yield of 4.73%. This is an increase from CareTrust REIT’s previous quarterly dividend of $0.28. The ex-dividend date was Wednesday, March 27th. CareTrust REIT’s dividend payout ratio is 223.08%.

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.