CareTrust REIT (NASDAQ:CTRE) Price Target Raised to $27.00 at Deutsche Bank Aktiengesellschaft

CareTrust REIT (NASDAQ:CTRE) had its price objective lifted by Deutsche Bank Aktiengesellschaft from $23.00 to $27.00 in a research note issued to investors on Monday, Benzinga reports. They currently have a hold rating on the real estate investment trust’s stock.

Other equities analysts also recently issued research reports about the company. Wells Fargo & Company lifted their price objective on CareTrust REIT from $24.00 to $26.00 and gave the company an equal weight rating in a research report on Thursday, May 30th. KeyCorp upped their price target on shares of CareTrust REIT from $25.00 to $27.00 and gave the stock an overweight rating in a research report on Thursday, May 9th. Finally, Wedbush initiated coverage on shares of CareTrust REIT in a report on Wednesday, May 29th. They issued a neutral rating and a $26.00 price target for the company. Four equities research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. According to data from MarketBeat, the stock presently has an average rating of Moderate Buy and an average price target of $25.00.

CareTrust REIT Stock Up 0.2 %

Shares of CTRE stock opened at $25.15 on Monday. The stock has a fifty day moving average price of $25.07 and a 200 day moving average price of $23.62. 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 stock has a market cap of $3.57 billion, a P/E ratio of 48.37 and a beta of 1.09. CareTrust REIT has a one year low of $19.25 and a one year high of $26.43.

CareTrust REIT Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Monday, July 15th. Stockholders of record on Friday, June 28th will be given a dividend of $0.29 per share. The ex-dividend date is Friday, June 28th. This represents a $1.16 dividend on an annualized basis and a dividend yield of 4.61%. CareTrust REIT’s payout ratio is 223.08%.

Institutional Trading of CareTrust REIT

Institutional investors and hedge funds have recently made changes to their positions in the company. DekaBank Deutsche Girozentrale boosted its stake in CareTrust REIT by 29.5% in the first quarter. DekaBank Deutsche Girozentrale now owns 81,719 shares of the real estate investment trust’s stock valued at $1,942,000 after buying an additional 18,607 shares in the last quarter. Boston Partners bought a new position in shares of CareTrust REIT in the first quarter worth about $968,000. Teachers Retirement System of The State of Kentucky boosted its stake in shares of CareTrust REIT by 32.3% in the 1st quarter. Teachers Retirement System of The State of Kentucky now owns 125,276 shares of the real estate investment trust’s stock valued at $3,052,000 after purchasing an additional 30,619 shares in the last quarter. Virtu Financial LLC bought a new stake in shares of CareTrust REIT during the 1st quarter valued at approximately $200,000. Finally, Zimmer Partners LP bought a new stake in shares of CareTrust REIT during the 1st quarter valued at approximately $41,763,000. Institutional investors own 87.77% of the company’s stock.

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.