Metropolitan Life Insurance Co. NY raised its position in Caretrust REIT Inc (NASDAQ:CTRE) by 216.8% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 31,120 shares of the real estate investment trust’s stock after purchasing an additional 21,298 shares during the quarter. Metropolitan Life Insurance Co. NY’s holdings in Caretrust REIT were worth $574,000 as of its most recent SEC filing.
A number of other institutional investors have also recently bought and sold shares of the stock. Oregon Public Employees Retirement Fund purchased a new position in Caretrust REIT during the fourth quarter valued at approximately $32,000. FNY Investment Advisers LLC purchased a new position in Caretrust REIT during the fourth quarter valued at approximately $39,000. First Interstate Bank purchased a new position in Caretrust REIT during the fourth quarter valued at approximately $48,000. Advisor Group Inc. increased its holdings in Caretrust REIT by 60.4% during the fourth quarter. Advisor Group Inc. now owns 4,168 shares of the real estate investment trust’s stock valued at $77,000 after buying an additional 1,570 shares during the period. Finally, NumerixS Investment Technologies Inc purchased a new position in Caretrust REIT during the fourth quarter valued at approximately $89,000. 88.30% of the stock is currently owned by institutional investors.
NASDAQ:CTRE opened at $23.97 on Friday. Caretrust REIT Inc has a 12 month low of $12.96 and a 12 month 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 cap of $2.13 billion, a PE ratio of 18.73 and a beta of 0.91.
The firm also recently announced a quarterly dividend, which was paid on Monday, April 15th. Investors of record on Friday, March 29th were issued 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 a boost from Caretrust REIT’s previous quarterly dividend of $0.21. Caretrust REIT’s dividend payout ratio (DPR) is 70.31%.
CTRE has been the subject of several recent analyst reports. BidaskClub downgraded shares of Caretrust REIT from a “strong-buy” rating to a “buy” rating in a research note on Wednesday, March 20th. Zacks Investment Research upgraded shares of Caretrust REIT from a “hold” rating to a “buy” rating and set a $22.00 target price for the company in a research note on Wednesday, January 23rd. BMO Capital Markets restated a “buy” rating and issued a $22.00 target price on shares of Caretrust REIT in a research note on Thursday, February 14th. Finally, ValuEngine downgraded shares of Caretrust REIT from a “buy” rating to a “hold” rating in a research note on Monday, December 31st. Four research analysts have rated the stock with a hold rating, five have given a buy rating and one has issued a strong buy rating to the stock. The stock currently has a consensus rating of “Buy” and an average price target of $21.14.
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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.
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