Deutsche Bank AG grew its stake in shares of Caretrust REIT Inc (NASDAQ:CTRE) by 174.4% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 650,166 shares of the real estate investment trust’s stock after acquiring an additional 413,188 shares during the period. Deutsche Bank AG owned 0.73% of Caretrust REIT worth $11,999,000 at the end of the most recent quarter.
A number of other hedge funds also recently modified their holdings of CTRE. Prudential Financial Inc. lifted its holdings in shares of Caretrust REIT by 4.6% during the third quarter. Prudential Financial Inc. now owns 132,688 shares of the real estate investment trust’s stock worth $2,350,000 after purchasing an additional 5,870 shares during the period. Janus Henderson Group PLC lifted its holdings in shares of Caretrust REIT by 22.7% during the third quarter. Janus Henderson Group PLC now owns 15,908 shares of the real estate investment trust’s stock worth $282,000 after purchasing an additional 2,944 shares during the period. Bank of New York Mellon Corp lifted its holdings in shares of Caretrust REIT by 11.1% during the third quarter. Bank of New York Mellon Corp now owns 2,074,217 shares of the real estate investment trust’s stock worth $36,735,000 after purchasing an additional 206,551 shares during the period. BlackRock Inc. lifted its holdings in shares of Caretrust REIT by 6.3% during the third quarter. BlackRock Inc. now owns 15,915,867 shares of the real estate investment trust’s stock worth $281,870,000 after purchasing an additional 948,485 shares during the period. Finally, Dimensional Fund Advisors LP lifted its holdings in shares of Caretrust REIT by 2.2% during the third quarter. Dimensional Fund Advisors LP now owns 1,149,371 shares of the real estate investment trust’s stock worth $20,354,000 after purchasing an additional 24,700 shares during the period. Hedge funds and other institutional investors own 88.34% of the company’s stock.
Several equities research analysts recently weighed in on CTRE shares. BidaskClub downgraded Caretrust REIT from a “strong-buy” rating to a “buy” rating in a report on Thursday, April 4th. Raymond James raised Caretrust REIT from an “outperform” rating to a “strong-buy” rating in a report on Tuesday, January 8th. BMO Capital Markets reissued a “buy” rating and issued a $22.00 target price on shares of Caretrust REIT in a report on Thursday, February 14th. Zacks Investment Research downgraded Caretrust REIT from a “hold” rating to a “sell” rating in a report on Tuesday, March 5th. Finally, ValuEngine downgraded Caretrust REIT from a “buy” rating to a “hold” rating in a report on Monday, December 31st. Three analysts have rated the stock with a hold rating, six have assigned a buy rating and one has assigned a strong buy rating to the stock. The company presently has an average rating of “Buy” and an average target price of $21.14.
Caretrust REIT stock opened at $24.00 on Tuesday. Caretrust REIT Inc has a one year low of $12.73 and a one year high of $24.43. The company has a debt-to-equity ratio of 0.64, a current ratio of 3.02 and a quick ratio of 3.02. The firm has a market capitalization of $2.16 billion, a price-to-earnings ratio of 18.83 and a beta of 0.91.
Caretrust REIT (NASDAQ:CTRE) last released its earnings results on Wednesday, February 13th. The real estate investment trust reported $0.18 EPS for the quarter, missing analysts’ consensus estimates of $0.32 by ($0.14). Caretrust REIT had a net margin of 36.91% and a return on equity of 8.52%. The business had revenue of $40.36 million during the quarter, compared to analyst estimates of $39.99 million. During the same period last year, the business posted $0.31 EPS. Caretrust REIT’s revenue was up 10.3% compared to the same quarter last year. On average, analysts predict that Caretrust REIT Inc will post 1.36 earnings per share for the current year.
The company also recently declared a quarterly dividend, which was paid on Monday, April 15th. Stockholders of record on Friday, March 29th were paid a dividend of $0.225 per share. This represents a $0.90 annualized dividend and a dividend yield of 3.75%. The ex-dividend date was Thursday, March 28th. This is an increase from Caretrust REIT’s previous quarterly dividend of $0.21. Caretrust REIT’s payout ratio is 70.31%.
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Caretrust REIT Company 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 199 net-leased healthcare properties and three operated seniors housing properties in 27 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.
Further Reading: Understanding Market Liquidity
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