Quantbot Technologies LP Sells 97,409 Shares of CareTrust REIT, Inc. (NASDAQ:CTRE)

Quantbot Technologies LP decreased its holdings in shares of CareTrust REIT, Inc. (NASDAQ:CTRE) by 74.1% in the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 33,994 shares of the real estate investment trust’s stock after selling 97,409 shares during the period. Quantbot Technologies LP’s holdings in CareTrust REIT were worth $828,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also bought and sold shares of the company. Global Retirement Partners LLC increased its stake in shares of CareTrust REIT by 113.9% during the fourth quarter. Global Retirement Partners LLC now owns 1,388 shares of the real estate investment trust’s stock valued at $31,000 after buying an additional 739 shares during the period. USA Financial Formulas purchased a new position in CareTrust REIT during the 4th quarter valued at $67,000. AlphaMark Advisors LLC increased its position in CareTrust REIT by 245.2% during the 4th quarter. AlphaMark Advisors LLC now owns 3,625 shares of the real estate investment trust’s stock valued at $81,000 after purchasing an additional 2,575 shares during the period. M&T Bank Corp bought a new position in CareTrust REIT in the 4th quarter worth $236,000. Finally, Neo Ivy Capital Management purchased a new stake in shares of CareTrust REIT in the 4th quarter worth about $238,000. Hedge funds and other institutional investors own 87.77% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities analysts recently issued reports on CTRE shares. Wells Fargo & Company increased their price target on shares of CareTrust REIT from $24.00 to $26.00 and gave the stock an “equal weight” rating in a research note on Thursday, May 30th. Deutsche Bank Aktiengesellschaft upped their target price on shares of CareTrust REIT from $23.00 to $27.00 and gave the stock a “hold” rating in a research report on Monday, July 1st. KeyCorp lifted their target price on shares of CareTrust REIT from $25.00 to $27.00 and gave the company an “overweight” rating in a report on Thursday, May 9th. Finally, Wedbush began coverage on CareTrust REIT in a research note on Wednesday, May 29th. They issued a “neutral” rating and a $26.00 price target on the stock. Four equities research analysts have rated the stock with a hold rating and five have assigned a buy rating to the stock. According to MarketBeat.com, CareTrust REIT presently has a consensus rating of “Moderate Buy” and a consensus target price of $25.00.

CareTrust REIT Price Performance

Shares of NASDAQ CTRE opened at $25.89 on Monday. The firm has a market cap of $3.68 billion, a P/E ratio of 18.36 and a beta of 1.09. CareTrust REIT, Inc. has a twelve month low of $19.43 and a twelve month high of $26.43. The company has a quick ratio of 12.80, a current ratio of 12.80 and a debt-to-equity ratio of 0.36. The company has a 50 day moving average of $25.29 and a 200 day moving average of $23.81.

CareTrust REIT Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, July 15th. Stockholders of record on Friday, June 28th will be issued a dividend of $0.29 per share. This represents a $1.16 dividend on an annualized basis and a dividend yield of 4.48%. The ex-dividend date of this dividend is Friday, June 28th. CareTrust REIT’s payout ratio is presently 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.