CareTrust REIT, Inc. $CTRE Shares Sold by Campbell & CO Investment Adviser LLC

Campbell & CO Investment Adviser LLC decreased its holdings in shares of CareTrust REIT, Inc. (NASDAQ:CTRE) by 65.8% during the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 9,755 shares of the real estate investment trust’s stock after selling 18,732 shares during the quarter. Campbell & CO Investment Adviser LLC’s holdings in CareTrust REIT were worth $338,000 at the end of the most recent quarter.

Other large investors have also recently bought and sold shares of the company. Parallel Advisors LLC lifted its stake in CareTrust REIT by 109.5% in the second quarter. Parallel Advisors LLC now owns 1,100 shares of the real estate investment trust’s stock valued at $34,000 after buying an additional 575 shares during the last quarter. EverSource Wealth Advisors LLC increased its holdings in shares of CareTrust REIT by 134.2% in the 2nd quarter. EverSource Wealth Advisors LLC now owns 1,124 shares of the real estate investment trust’s stock worth $34,000 after acquiring an additional 644 shares during the period. Farther Finance Advisors LLC lifted its position in CareTrust REIT by 75.1% in the 3rd quarter. Farther Finance Advisors LLC now owns 1,492 shares of the real estate investment trust’s stock valued at $52,000 after purchasing an additional 640 shares during the last quarter. Salomon & Ludwin LLC acquired a new position in CareTrust REIT during the 3rd quarter valued at about $54,000. Finally, Private Trust Co. NA boosted its stake in CareTrust REIT by 1,328.3% during the 2nd quarter. Private Trust Co. NA now owns 2,828 shares of the real estate investment trust’s stock valued at $87,000 after purchasing an additional 2,630 shares during the period. Institutional investors own 87.77% of the company’s stock.

CareTrust REIT Price Performance

Shares of NASDAQ:CTRE opened at $36.78 on Friday. The stock has a market capitalization of $8.21 billion, a P/E ratio of 46.56, a P/E/G ratio of 1.25 and a beta of 0.75. The business has a 50-day moving average of $36.92 and a two-hundred day moving average of $34.82. CareTrust REIT, Inc. has a fifty-two week low of $24.79 and a fifty-two week high of $38.32. The company has a debt-to-equity ratio of 0.14, a current ratio of 3.82 and a quick ratio of 3.82.

CareTrust REIT Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, January 15th. Shareholders of record on Wednesday, December 31st were issued a dividend of $0.335 per share. This represents a $1.34 annualized dividend and a yield of 3.6%. The ex-dividend date was Wednesday, December 31st. CareTrust REIT’s dividend payout ratio (DPR) is 100.00%.

Analyst Upgrades and Downgrades

Several research firms recently commented on CTRE. Cantor Fitzgerald initiated coverage on CareTrust REIT in a research report on Wednesday, October 1st. They issued a “neutral” rating and a $37.00 target price on the stock. Citizens Jmp started coverage on CareTrust REIT in a report on Thursday. They set a “market outperform” rating and a $44.00 price target on the stock. KeyCorp upped their price objective on shares of CareTrust REIT from $36.00 to $40.00 and gave the stock an “overweight” rating in a report on Thursday, December 4th. Wells Fargo & Company increased their target price on shares of CareTrust REIT from $38.00 to $41.00 and gave the company an “overweight” rating in a research report on Tuesday, November 25th. Finally, Jefferies Financial Group boosted their price target on shares of CareTrust REIT from $41.00 to $43.00 and gave the stock a “buy” rating in a research report on Monday, December 15th. One research analyst has rated the stock with a Strong Buy rating, eight have given a Buy rating, one has issued a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $39.00.

CareTrust REIT Company Profile

CareTrust REIT, Inc is a healthcare-focused real estate investment trust that acquires and manages net-leased properties serving the senior housing and medical markets. The company’s portfolio spans skilled nursing facilities, assisted living communities, independent living properties, medical office buildings and life science facilities. By structuring leases on a triple-net basis, CareTrust REIT offers long-term, stable rental income streams while allowing its tenants to operate and maintain their specialized healthcare facilities.

The company’s assets are geographically diversified across the United States, with a concentration in regions experiencing aging demographics and growing demand for senior care services.