Thrivent Financial For Lutherans lifted its holdings in CareTrust REIT, Inc. (NASDAQ:CTRE) by 17.3% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 50,692 shares of the real estate investment trust’s stock after acquiring an additional 7,480 shares during the quarter. Thrivent Financial For Lutherans owned 0.07% of CareTrust REIT worth $940,000 as of its most recent SEC filing.
Several other large investors have also added to or reduced their stakes in the company. Vanguard Group Inc. increased its stake in shares of CareTrust REIT by 5.6% in the first quarter. Vanguard Group Inc. now owns 10,572,588 shares of the real estate investment trust’s stock worth $177,831,000 after acquiring an additional 562,080 shares during the period. BlackRock Inc. increased its stake in shares of CareTrust REIT by 7.0% in the second quarter. BlackRock Inc. now owns 9,911,033 shares of the real estate investment trust’s stock worth $183,750,000 after acquiring an additional 645,109 shares during the period. FMR LLC increased its stake in shares of CareTrust REIT by 1,036.2% in the first quarter. FMR LLC now owns 6,311,699 shares of the real estate investment trust’s stock worth $106,163,000 after acquiring an additional 5,756,172 shares during the period. State Street Corp increased its stake in shares of CareTrust REIT by 11.8% in the first quarter. State Street Corp now owns 1,743,435 shares of the real estate investment trust’s stock worth $29,323,000 after acquiring an additional 184,451 shares during the period. Finally, Goldman Sachs Group Inc. increased its stake in shares of CareTrust REIT by 571.4% in the first quarter. Goldman Sachs Group Inc. now owns 1,381,640 shares of the real estate investment trust’s stock worth $23,240,000 after acquiring an additional 1,175,847 shares during the period. Hedge funds and other institutional investors own 89.39% of the company’s stock.
Several research firms recently commented on CTRE. BMO Capital Markets lowered shares of CareTrust REIT from an “outperform” rating to a “market perform” rating and raised their price target for the company from $18.00 to $20.00 in a research report on Tuesday, June 20th. KeyCorp restated a “buy” rating and set a $20.00 price target on shares of CareTrust REIT in a research report on Friday, August 25th. Zacks Investment Research upgraded shares of CareTrust REIT from a “sell” rating to a “hold” rating in a research report on Tuesday, September 19th. Finally, BidaskClub upgraded shares of CareTrust REIT from a “buy” rating to a “strong-buy” rating in a research report on Thursday, June 15th. Five investment analysts have rated the stock with a hold rating and four have issued a buy rating to the company. The stock presently has a consensus rating of “Hold” and an average price target of $18.57.
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CareTrust REIT, Inc. (NASDAQ:CTRE) opened at 18.73 on Friday. CareTrust REIT, Inc. has a 1-year low of $12.70 and a 1-year high of $19.86.
The company also recently declared a quarterly dividend, which will be paid on Friday, October 13th. Shareholders of record on Friday, September 29th will be paid a dividend of $0.185 per share. The ex-dividend date is Thursday, September 28th. This represents a $0.74 annualized dividend and a dividend yield of 3.95%. CareTrust REIT’s dividend payout ratio is currently 164.45%.
About CareTrust REIT
CareTrust REIT, Inc is a self-administered, self-managed real estate investment trust. The Company is engaged in the ownership, acquisition and leasing of healthcare-related properties. It makes investments in healthcare-related real estate assets. As of December 31, 2016, its real estate portfolio included 154 skilled nursing facilities (SNFs), SNF Campuses, assisted living facilities and independent living facilities.
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