Hsbc Holdings PLC boosted its position in CareTrust REIT, Inc. (NASDAQ:CTRE - Get Rating) by 37.5% during the 3rd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 63,437 shares of the real estate investment trust's stock after purchasing an additional 17,286 shares during the quarter. Hsbc Holdings PLC owned about 0.07% of CareTrust REIT worth $1,147,000 at the end of the most recent quarter.
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A number of other hedge funds and other institutional investors have also recently bought and sold shares of CTRE. Vanguard Group Inc. raised its holdings in shares of CareTrust REIT by 1.0% during the first quarter. Vanguard Group Inc. now owns 15,671,455 shares of the real estate investment trust's stock valued at $302,460,000 after buying an additional 162,349 shares during the last quarter. State Street Corp raised its stake in CareTrust REIT by 0.7% during the 2nd quarter. State Street Corp now owns 6,002,028 shares of the real estate investment trust's stock valued at $112,273,000 after acquiring an additional 42,147 shares in the last quarter. Invesco Ltd. boosted its position in CareTrust REIT by 11.8% during the 1st quarter. Invesco Ltd. now owns 1,446,190 shares of the real estate investment trust's stock worth $27,911,000 after acquiring an additional 152,896 shares during the period. Legal & General Group Plc grew its stake in shares of CareTrust REIT by 3.2% in the second quarter. Legal & General Group Plc now owns 817,213 shares of the real estate investment trust's stock worth $15,070,000 after purchasing an additional 25,461 shares in the last quarter. Finally, Employees Retirement System of Texas increased its holdings in shares of CareTrust REIT by 19.4% during the first quarter. Employees Retirement System of Texas now owns 792,809 shares of the real estate investment trust's stock valued at $15,301,000 after purchasing an additional 128,859 shares during the period. 85.01% of the stock is owned by institutional investors and hedge funds.
Separately, KeyCorp upped their price objective on shares of CareTrust REIT from $21.00 to $22.00 and gave the stock an "overweight" rating in a report on Tuesday, February 14th. Four equities research analysts have rated the stock with a hold rating, one has issued a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and a consensus price target of $20.90.
CTRE opened at $19.51 on Thursday. The company has a debt-to-equity ratio of 0.85, a quick ratio of 0.56 and a current ratio of 0.56. The company has a market capitalization of $1.94 billion, a PE ratio of -243.88 and a beta of 1.16. The stock's fifty day moving average is $19.65 and its 200-day moving average is $19.49. CareTrust REIT, Inc. has a one year low of $15.90 and a one year high of $22.46.
The firm also recently declared a quarterly dividend, which was paid on Friday, January 13th. Shareholders of record on Friday, December 30th were issued a $0.275 dividend. This represents a $1.10 dividend on an annualized basis and a yield of 5.64%. The ex-dividend date of this dividend was Thursday, December 29th. CareTrust REIT's payout ratio is -1,375.00%.
CareTrust REIT, Inc operates as real estate investment company, which engages in the ownership, acquisition, and leasing of healthcare-related properties. It offers independent living, memory care, and assisted, and skilled nursing facilities. The company was founded on October 29, 2013 and is headquartered in San Clemente, CA.
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