Metropolitan Life Insurance Co. NY lowered its position in CareTrust REIT (NASDAQ:CTRE) by 48.0% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 27,768 shares of the real estate investment trust’s stock after selling 25,656 shares during the quarter. Metropolitan Life Insurance Co. NY’s holdings in CareTrust REIT were worth $465,000 as of its most recent filing with the Securities and Exchange Commission.
Several other large investors have also recently made changes to their positions in CTRE. Millennium Management LLC increased its stake in shares of CareTrust REIT by 516.8% in the fourth quarter. Millennium Management LLC now owns 1,071,257 shares of the real estate investment trust’s stock valued at $17,954,000 after purchasing an additional 897,579 shares during the period. BlackRock Inc. increased its stake in shares of CareTrust REIT by 4.1% in the fourth quarter. BlackRock Inc. now owns 11,429,663 shares of the real estate investment trust’s stock valued at $191,561,000 after purchasing an additional 448,479 shares during the period. Amundi Pioneer Asset Management Inc. acquired a new stake in shares of CareTrust REIT in the fourth quarter valued at approximately $2,493,000. Eversept Partners LLC acquired a new stake in shares of CareTrust REIT in the fourth quarter valued at approximately $2,343,000. Finally, Heitman Real Estate Securities LLC increased its stake in shares of CareTrust REIT by 14.1% in the fourth quarter. Heitman Real Estate Securities LLC now owns 968,367 shares of the real estate investment trust’s stock valued at $16,230,000 after purchasing an additional 119,547 shares during the period. Institutional investors own 91.42% of the company’s stock.
NASDAQ CTRE opened at $13.24 on Friday. CareTrust REIT has a 12 month low of $12.96 and a 12 month high of $19.86. The company has a current ratio of 0.70, a quick ratio of 0.70 and a debt-to-equity ratio of 0.94. The company has a market cap of $1,019.48, a P/E ratio of 11.41, a P/E/G ratio of 2.09 and a beta of 0.70.
The firm also recently declared a quarterly dividend, which was paid on Friday, April 13th. Shareholders of record on Friday, March 30th were given a $0.205 dividend. This is a positive change from CareTrust REIT’s previous quarterly dividend of $0.19. The ex-dividend date of this dividend was Wednesday, March 28th. This represents a $0.82 annualized dividend and a yield of 6.19%. CareTrust REIT’s payout ratio is 70.69%.
Several equities research analysts have commented on the stock. Wells Fargo upgraded shares of CareTrust REIT from a “market perform” rating to an “outperform” rating and set a $20.00 price target on the stock in a research note on Tuesday, December 19th. Stephens set a $19.00 price objective on shares of CareTrust REIT and gave the company a “buy” rating in a research note on Friday, January 12th. Zacks Investment Research lowered shares of CareTrust REIT from a “hold” rating to a “sell” rating in a research note on Monday, January 15th. ValuEngine lowered shares of CareTrust REIT from a “buy” rating to a “hold” rating in a research note on Friday, February 2nd. Finally, Stifel Nicolaus set a $17.00 price objective on shares of CareTrust REIT and gave the company a “hold” rating in a research note on Wednesday, February 28th. One investment analyst has rated the stock with a sell rating, six have issued a hold rating and six have given a buy rating to the company. The stock has an average rating of “Hold” and a consensus target price of $18.00.
CareTrust REIT Profile
CareTrust REIT, Inc is a self-administered, publicly-traded real estate investment trust engaged in the ownership, acquisition and leasing of seniors housing and healthcare-related properties. With 186 net leased healthcare properties and three operated seniors housing properties in 24 states, CareTrust is pursuing opportunities across the nation to acquire properties that will be leased to a diverse group of local, regional and national seniors housing operators, healthcare services providers, and other healthcare-related businesses.
Want to see what other hedge funds are holding CTRE? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for CareTrust REIT (NASDAQ:CTRE).
Receive News & Ratings for CareTrust REIT Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for CareTrust REIT and related companies with MarketBeat.com's FREE daily email newsletter.