Dimensional Fund Advisors LP Has $24.02 Million Stock Position in CareTrust REIT, Inc. (NASDAQ:CTRE)

March 6, 2023

Dimensional Fund Advisors LP lessened its stake in shares of CareTrust REIT, Inc. (NASDAQ:CTRE - Get Rating) by 1.3% in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 1,326,452 shares of the real estate investment trust's stock after selling 16,812 shares during the quarter. Dimensional Fund Advisors LP owned 1.37% of CareTrust REIT worth $24,022,000 at the end of the most recent reporting period.

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Several other institutional investors have also bought and sold shares of CTRE. Louisiana State Employees Retirement System bought a new position in shares of CareTrust REIT during the third quarter valued at $840,000. William Blair Investment Management LLC acquired a new position in CareTrust REIT in the second quarter valued at about $9,762,000. AlphaCrest Capital Management LLC grew its stake in CareTrust REIT by 19.0% during the second quarter. AlphaCrest Capital Management LLC now owns 47,742 shares of the real estate investment trust's stock worth $880,000 after buying an additional 7,632 shares during the last quarter. Advisors Asset Management Inc. increased its holdings in shares of CareTrust REIT by 204.9% during the second quarter. Advisors Asset Management Inc. now owns 13,106 shares of the real estate investment trust's stock worth $242,000 after buying an additional 8,807 shares in the last quarter. Finally, Pictet Asset Management SA raised its stake in shares of CareTrust REIT by 10.1% in the second quarter. Pictet Asset Management SA now owns 39,251 shares of the real estate investment trust's stock valued at $724,000 after acquiring an additional 3,595 shares during the last quarter. Institutional investors and hedge funds own 85.01% of the company's stock.

CareTrust REIT Price Performance

CTRE opened at $20.04 on Monday. The company has a debt-to-equity ratio of 0.85, a current ratio of 0.56 and a quick ratio of 0.56. The stock has a market capitalization of $1.99 billion, a P/E ratio of -250.50 and a beta of 1.13. The company's 50 day simple moving average is $19.70 and its 200-day simple moving average is $19.46. CareTrust REIT, Inc. has a one year low of $15.90 and a one year high of $22.46.

CareTrust REIT Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, January 13th. Stockholders of record on Friday, December 30th were paid a $0.275 dividend. The ex-dividend date of this dividend was Thursday, December 29th. This represents a $1.10 annualized dividend and a dividend yield of 5.49%. CareTrust REIT's dividend payout ratio (DPR) is currently -1,375.00%.

Wall Street Analyst Weigh In

Separately, KeyCorp raised their price target on CareTrust REIT from $21.00 to $22.00 and gave the company an "overweight" rating in a report on Tuesday, February 14th. Four investment analysts have rated the stock with a hold rating, one has assigned a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and an average target price of $20.90.

CareTrust REIT Company Profile

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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.

See Also

Institutional Ownership by Quarter for CareTrust REIT (NASDAQ:CTRE)

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