Macquarie Group Ltd. grew its holdings in shares of Caretrust REIT Inc (NASDAQ:CTRE) by 25.8% in the second quarter, Holdings Channel reports. The institutional investor owned 16,600 shares of the real estate investment trust’s stock after acquiring an additional 3,400 shares during the period. Macquarie Group Ltd.’s holdings in Caretrust REIT were worth $277,000 as of its most recent SEC filing.
Other hedge funds and other institutional investors have also modified their holdings of the company. Mount Yale Investment Advisors LLC bought a new position in shares of Caretrust REIT during the first quarter valued at about $114,000. Brown Advisory Inc. bought a new position in shares of Caretrust REIT during the first quarter valued at about $135,000. Meeder Asset Management Inc. lifted its position in shares of Caretrust REIT by 1,209.3% during the second quarter. Meeder Asset Management Inc. now owns 10,592 shares of the real estate investment trust’s stock valued at $177,000 after purchasing an additional 9,783 shares in the last quarter. Gagnon Securities LLC bought a new position in shares of Caretrust REIT during the second quarter valued at about $201,000. Finally, SG Americas Securities LLC lifted its position in shares of Caretrust REIT by 83.6% during the first quarter. SG Americas Securities LLC now owns 12,555 shares of the real estate investment trust’s stock valued at $168,000 after purchasing an additional 5,716 shares in the last quarter. Hedge funds and other institutional investors own 88.07% of the company’s stock.
CTRE has been the topic of a number of recent analyst reports. BidaskClub raised shares of Caretrust REIT from a “hold” rating to a “buy” rating in a research report on Friday, August 17th. ValuEngine lowered shares of Caretrust REIT from a “hold” rating to a “sell” rating in a research report on Wednesday, October 3rd. Zacks Investment Research lowered shares of Caretrust REIT from a “buy” rating to a “hold” rating in a research report on Tuesday, July 24th. KeyCorp raised their price target on shares of Caretrust REIT from $16.00 to $20.00 and gave the company a “buy” rating in a research report on Tuesday, August 21st. Finally, Royal Bank of Canada reissued a “hold” rating and set a $18.00 price target (up from $16.00) on shares of Caretrust REIT in a research report on Thursday, August 9th. One equities research analyst has rated the stock with a sell rating, five have given a hold rating and five have assigned a buy rating to the company’s stock. The stock has a consensus rating of “Hold” and a consensus price target of $18.22.
Shares of CTRE stock opened at $17.38 on Tuesday. The stock has a market capitalization of $1.43 billion, a price-to-earnings ratio of 14.98, a P/E/G ratio of 2.75 and a beta of 0.82. The company has a debt-to-equity ratio of 0.85, a quick ratio of 1.65 and a current ratio of 1.65. Caretrust REIT Inc has a 52 week low of $12.73 and a 52 week high of $19.76.
Caretrust REIT (NASDAQ:CTRE) last announced its quarterly earnings data on Wednesday, August 1st. The real estate investment trust reported $0.17 EPS for the quarter, hitting the consensus estimate of $0.17. The business had revenue of $38.97 million for the quarter, compared to analyst estimates of $38.44 million. Caretrust REIT had a net margin of 28.26% and a return on equity of 6.81%. The company’s revenue for the quarter was up 18.7% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.30 earnings per share. Research analysts predict that Caretrust REIT Inc will post 1.29 earnings per share for the current year.
The business also recently disclosed a quarterly dividend, which will be paid on Monday, October 15th. Shareholders of record on Friday, September 28th will be given a $0.205 dividend. This represents a $0.82 annualized dividend and a yield of 4.72%. The ex-dividend date is Thursday, September 27th. Caretrust REIT’s dividend payout ratio is 70.69%.
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 189 net-leased healthcare properties and three operated seniors housing properties in 25 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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