Universal Beteiligungs und Servicegesellschaft mbH Purchases 74,670 Shares of CareTrust REIT, Inc. $CTRE

Universal Beteiligungs und Servicegesellschaft mbH lifted its position in shares of CareTrust REIT, Inc. (NASDAQ:CTRE) by 24.4% during the 3rd quarter, Holdings Channel reports. The firm owned 381,165 shares of the real estate investment trust’s stock after purchasing an additional 74,670 shares during the quarter. Universal Beteiligungs und Servicegesellschaft mbH’s holdings in CareTrust REIT were worth $13,219,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds have also bought and sold shares of CTRE. Royal Bank of Canada increased its position in CareTrust REIT by 36.4% during the first quarter. Royal Bank of Canada now owns 179,501 shares of the real estate investment trust’s stock worth $5,129,000 after buying an additional 47,936 shares during the last quarter. NewEdge Advisors LLC increased its holdings in shares of CareTrust REIT by 11.3% during the 1st quarter. NewEdge Advisors LLC now owns 33,628 shares of the real estate investment trust’s stock worth $961,000 after acquiring an additional 3,408 shares during the last quarter. Parallel Advisors LLC raised its stake in CareTrust REIT by 109.5% in the 2nd quarter. Parallel Advisors LLC now owns 1,100 shares of the real estate investment trust’s stock valued at $34,000 after acquiring an additional 575 shares during the period. Wealth Enhancement Advisory Services LLC bought a new stake in CareTrust REIT in the 2nd quarter valued at $343,000. Finally, GAMMA Investing LLC boosted its position in CareTrust REIT by 42.9% during the second quarter. GAMMA Investing LLC now owns 4,469 shares of the real estate investment trust’s stock worth $137,000 after purchasing an additional 1,341 shares during the period. 87.77% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several equities analysts have commented on the stock. KeyCorp upped their price objective on shares of CareTrust REIT from $36.00 to $40.00 and gave the company an “overweight” rating in a report on Thursday, December 4th. Cantor Fitzgerald started coverage on shares of CareTrust REIT in a research note on Wednesday, October 1st. They issued a “neutral” rating and a $37.00 price target on the stock. Citizens Jmp began coverage on shares of CareTrust REIT in a research report on Thursday. They set a “market outperform” rating and a $44.00 price objective for the company. The Goldman Sachs Group set a $44.00 price objective on CareTrust REIT in a report on Thursday. Finally, Citigroup initiated coverage on CareTrust REIT in a research note on Thursday. They set a “market outperform” rating on the stock. One investment analyst has rated the stock with a Strong Buy rating, eight have issued a Buy rating, one has given a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat, CareTrust REIT has a consensus rating of “Moderate Buy” and an average target price of $39.00.

CareTrust REIT Price Performance

Shares of CareTrust REIT stock opened at $36.78 on Friday. The company has a quick ratio of 3.82, a current ratio of 3.82 and a debt-to-equity ratio of 0.14. The stock has a market capitalization of $8.21 billion, a price-to-earnings ratio of 46.56, a price-to-earnings-growth ratio of 1.25 and a beta of 0.75. CareTrust REIT, Inc. has a twelve month low of $24.79 and a twelve month high of $38.32. The company has a 50-day simple moving average of $36.92 and a two-hundred day simple moving average of $34.82.

CareTrust REIT Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Thursday, January 15th. Investors of record on Wednesday, December 31st were paid a $0.335 dividend. This represents a $1.34 annualized dividend and a dividend yield of 3.6%. The ex-dividend date was Wednesday, December 31st. CareTrust REIT’s payout ratio is 100.00%.

About CareTrust REIT

CareTrust REIT, Inc is a healthcare-focused real estate investment trust that acquires and manages net-leased properties serving the senior housing and medical markets. The company’s portfolio spans skilled nursing facilities, assisted living communities, independent living properties, medical office buildings and life science facilities. By structuring leases on a triple-net basis, CareTrust REIT offers long-term, stable rental income streams while allowing its tenants to operate and maintain their specialized healthcare facilities.

The company’s assets are geographically diversified across the United States, with a concentration in regions experiencing aging demographics and growing demand for senior care services.