Quadrature Capital Ltd Takes Position in CareTrust REIT, Inc. (NASDAQ:CTRE)

Quadrature Capital Ltd purchased a new stake in CareTrust REIT, Inc. (NASDAQ:CTRE) in the 4th quarter, according to its most recent Form 13F filing with the SEC. The firm purchased 12,807 shares of the real estate investment trust’s stock, valued at approximately $287,000.

Several other hedge funds have also modified their holdings of the business. Vanguard Group Inc. raised its holdings in CareTrust REIT by 11.7% during the fourth quarter. Vanguard Group Inc. now owns 17,890,906 shares of the real estate investment trust’s stock worth $400,398,000 after purchasing an additional 1,871,125 shares during the last quarter. SageView Advisory Group LLC raised its holdings in CareTrust REIT by 25.5% during the fourth quarter. SageView Advisory Group LLC now owns 16,064 shares of the real estate investment trust’s stock worth $342,000 after purchasing an additional 3,259 shares during the last quarter. Neo Ivy Capital Management acquired a new position in CareTrust REIT during the fourth quarter worth $238,000. GRS Advisors LLC acquired a new position in CareTrust REIT during the fourth quarter worth $31,656,000. Finally, Heitman Real Estate Securities LLC raised its holdings in CareTrust REIT by 32.8% during the fourth quarter. Heitman Real Estate Securities LLC now owns 775,490 shares of the real estate investment trust’s stock worth $17,355,000 after purchasing an additional 191,456 shares during the last quarter. 87.77% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several brokerages recently issued reports on CTRE. Wedbush began coverage on CareTrust REIT in a report on Wednesday, May 29th. They set a “neutral” rating and a $26.00 price objective for the company. Wells Fargo & Company lifted their price objective on CareTrust REIT from $24.00 to $26.00 and gave the stock an “equal weight” rating in a report on Thursday, May 30th. Finally, KeyCorp boosted their price target on CareTrust REIT from $25.00 to $27.00 and gave the stock an “overweight” rating in a report on Thursday, May 9th. Four investment analysts have rated the stock with a hold rating and five have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, CareTrust REIT currently has a consensus rating of “Moderate Buy” and an average price target of $24.50.

CareTrust REIT Price Performance

Shares of NASDAQ:CTRE opened at $24.64 on Wednesday. The company has a market cap of $3.50 billion, a P/E ratio of 47.38 and a beta of 1.06. The company has a quick ratio of 12.80, a current ratio of 12.80 and a debt-to-equity ratio of 0.36. CareTrust REIT, Inc. has a 52 week low of $19.25 and a 52 week high of $26.43. The business has a fifty day simple moving average of $24.96 and a 200-day simple moving average of $23.56.

CareTrust REIT Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, July 15th. Stockholders of record on Friday, June 28th will be given a $0.29 dividend. This represents a $1.16 dividend on an annualized basis and a dividend yield of 4.71%. The ex-dividend date is Friday, June 28th. CareTrust REIT’s dividend payout ratio is currently 223.08%.

CareTrust REIT Company 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.