Benjamin F. Edwards & Company Inc. Has $1.98 Million Stock Holdings in CareTrust REIT, Inc. (NASDAQ:CTRE)

Benjamin F. Edwards & Company Inc. grew its stake in shares of CareTrust REIT, Inc. (NASDAQ:CTRE) by 9.4% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 88,536 shares of the real estate investment trust’s stock after purchasing an additional 7,621 shares during the period. Benjamin F. Edwards & Company Inc. owned approximately 0.07% of CareTrust REIT worth $1,981,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds also recently made changes to their positions in the stock. Wellington Management Group LLP lifted its position in CareTrust REIT by 8.1% in the 3rd quarter. Wellington Management Group LLP now owns 7,211,404 shares of the real estate investment trust’s stock valued at $147,834,000 after acquiring an additional 542,832 shares in the last quarter. Victory Capital Management Inc. boosted its holdings in CareTrust REIT by 1.8% during the third quarter. Victory Capital Management Inc. now owns 1,065,483 shares of the real estate investment trust’s stock worth $21,842,000 after purchasing an additional 19,046 shares during the last quarter. Raymond James & Associates grew its position in CareTrust REIT by 16.0% in the 4th quarter. Raymond James & Associates now owns 663,887 shares of the real estate investment trust’s stock worth $14,858,000 after purchasing an additional 91,670 shares in the last quarter. Invesco Ltd. increased its stake in CareTrust REIT by 4.0% in the 3rd quarter. Invesco Ltd. now owns 632,967 shares of the real estate investment trust’s stock valued at $12,976,000 after buying an additional 24,171 shares during the last quarter. Finally, Russell Investments Group Ltd. lifted its position in shares of CareTrust REIT by 335.1% during the 4th quarter. Russell Investments Group Ltd. now owns 562,193 shares of the real estate investment trust’s stock worth $12,595,000 after buying an additional 432,984 shares in the last quarter. Institutional investors own 87.77% of the company’s stock.

CareTrust REIT Price Performance

Shares of NASDAQ CTRE opened at $24.97 on Monday. The company has a debt-to-equity ratio of 0.36, a quick ratio of 12.80 and a current ratio of 12.80. CareTrust REIT, Inc. has a fifty-two week low of $18.18 and a fifty-two week high of $26.43. The stock has a market cap of $3.55 billion, a PE ratio of 17.71 and a beta of 1.03. The stock has a fifty day moving average of $23.87 and a 200-day moving average of $22.79.

CareTrust REIT Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Monday, April 15th. Stockholders of record on Thursday, March 28th were issued a $0.29 dividend. This represents a $1.16 dividend on an annualized basis and a dividend yield of 4.65%. This is an increase from CareTrust REIT’s previous quarterly dividend of $0.28. The ex-dividend date was Wednesday, March 27th. CareTrust REIT’s dividend payout ratio is presently 223.08%.

Wall Street Analysts Forecast Growth

A number of analysts recently commented on CTRE shares. Royal Bank of Canada decreased their price target on CareTrust REIT from $25.00 to $24.00 and set an “outperform” rating for the company in a research report on Wednesday, January 31st. Deutsche Bank Aktiengesellschaft began coverage on CareTrust REIT in a research report on Tuesday, January 30th. They set a “hold” rating and a $23.00 target price for the company. Three analysts have rated the stock with a hold rating and five have issued a buy rating to the company’s stock. According to MarketBeat.com, CareTrust REIT presently has an average rating of “Moderate Buy” and a consensus price target of $23.57.

CareTrust REIT 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.