Teachers Advisors LLC boosted its holdings in shares of Caretrust REIT Inc (NASDAQ:CTRE) by 0.4% during the third quarter, HoldingsChannel reports. The firm owned 902,265 shares of the real estate investment trust’s stock after purchasing an additional 3,679 shares during the period. Teachers Advisors LLC’s holdings in Caretrust REIT were worth $15,979,000 at the end of the most recent reporting period.
Other hedge funds have also modified their holdings of the company. BlackRock Inc. lifted its position in shares of Caretrust REIT by 6.3% in the third quarter. BlackRock Inc. now owns 15,915,867 shares of the real estate investment trust’s stock valued at $281,870,000 after acquiring an additional 948,485 shares in the last quarter. Bank of New York Mellon Corp increased its holdings in shares of Caretrust REIT by 61.7% in the second quarter. Bank of New York Mellon Corp now owns 1,867,666 shares of the real estate investment trust’s stock valued at $31,171,000 after purchasing an additional 712,936 shares during the last quarter. Westpac Banking Corp increased its holdings in shares of Caretrust REIT by 95.1% in the third quarter. Westpac Banking Corp now owns 768,452 shares of the real estate investment trust’s stock valued at $13,609,000 after purchasing an additional 374,480 shares during the last quarter. Gagnon Securities LLC increased its holdings in shares of Caretrust REIT by 1,736.9% in the third quarter. Gagnon Securities LLC now owns 220,963 shares of the real estate investment trust’s stock valued at $3,913,000 after purchasing an additional 208,934 shares during the last quarter. Finally, First Trust Advisors LP increased its holdings in shares of Caretrust REIT by 891.5% in the third quarter. First Trust Advisors LP now owns 117,676 shares of the real estate investment trust’s stock valued at $2,084,000 after purchasing an additional 105,807 shares during the last quarter. Institutional investors own 91.62% of the company’s stock.
Several research firms recently commented on CTRE. Zacks Investment Research cut Caretrust REIT from a “hold” rating to a “sell” rating in a report on Monday, October 29th. BidaskClub cut Caretrust REIT from a “strong-buy” rating to a “buy” rating in a research note on Saturday, February 2nd. ValuEngine raised Caretrust REIT from a “hold” rating to a “buy” rating in a research note on Saturday, December 15th. Finally, Cantor Fitzgerald reaffirmed a “buy” rating and issued a $20.00 price objective on shares of Caretrust REIT in a research note on Monday, November 5th. Three equities research analysts have rated the stock with a hold rating, six have issued a buy rating and one has issued a strong buy rating to the company. The company presently has an average rating of “Buy” and a consensus price target of $19.71.
The business also recently announced a quarterly dividend, which was paid on Tuesday, January 15th. Investors of record on Monday, December 31st were issued a $0.205 dividend. The ex-dividend date of this dividend was Friday, December 28th. This represents a $0.82 dividend on an annualized basis and a yield of 3.66%. Caretrust REIT’s dividend payout ratio (DPR) is presently 70.69%.
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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 192 net-leased healthcare properties and three operated seniors housing properties in 27 states, CareTrust REIT 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.
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