Knights of Columbus Asset Advisors LLC Has $2.93 Million Holdings in CareTrust REIT, Inc. $CTRE

Knights of Columbus Asset Advisors LLC increased its position in shares of CareTrust REIT, Inc. (NYSE:CTRE) by 41.2% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 81,056 shares of the company’s stock after acquiring an additional 23,665 shares during the quarter. Knights of Columbus Asset Advisors LLC’s holdings in CareTrust REIT were worth $2,931,000 as of its most recent SEC filing.

A number of other large investors have also made changes to their positions in CTRE. Royal Bank of Canada raised its holdings in shares of CareTrust REIT by 36.4% during the first quarter. Royal Bank of Canada now owns 179,501 shares of the company’s stock valued at $5,129,000 after acquiring an additional 47,936 shares during the period. NewEdge Advisors LLC increased its stake in CareTrust REIT by 11.3% in the 1st quarter. NewEdge Advisors LLC now owns 33,628 shares of the company’s stock valued at $961,000 after buying an additional 3,408 shares during the period. EverSource Wealth Advisors LLC increased its stake in CareTrust REIT by 134.2% in the 2nd quarter. EverSource Wealth Advisors LLC now owns 1,124 shares of the company’s stock valued at $34,000 after buying an additional 644 shares during the period. First Trust Advisors LP increased its stake in CareTrust REIT by 67.6% in the 2nd quarter. First Trust Advisors LP now owns 245,154 shares of the company’s stock valued at $7,502,000 after buying an additional 98,850 shares during the period. Finally, Cerity Partners LLC increased its stake in CareTrust REIT by 310.1% in the 2nd quarter. Cerity Partners LLC now owns 36,640 shares of the company’s stock valued at $1,121,000 after buying an additional 27,706 shares during the period. Institutional investors and hedge funds own 87.77% of the company’s stock.

Analyst Upgrades and Downgrades

Several research analysts have weighed in on the stock. Royal Bank Of Canada upped their price objective on shares of CareTrust REIT from $41.00 to $44.00 and gave the company an “outperform” rating in a research note on Tuesday, February 24th. Wells Fargo & Company upped their price objective on shares of CareTrust REIT from $41.00 to $42.00 and gave the company an “overweight” rating in a research note on Thursday, March 26th. Cantor Fitzgerald upped their price objective on shares of CareTrust REIT from $37.00 to $42.00 and gave the company a “neutral” rating in a research note on Tuesday, February 17th. Weiss Ratings lowered shares of CareTrust REIT from a “buy (a)” rating to a “buy (a-)” rating in a research note on Tuesday. Finally, Mizuho set a $45.00 price objective on shares of CareTrust REIT in a research note on Friday, May 22nd. Three investment analysts have rated the stock with a Strong Buy rating, eight have given a Buy rating and two have given a Hold rating to the stock. Based on data from MarketBeat, CareTrust REIT has an average rating of “Buy” and a consensus target price of $43.09.

CareTrust REIT Stock Down 0.7%

CareTrust REIT stock opened at $41.67 on Thursday. The company has a market capitalization of $9.85 billion, a P/E ratio of 26.71, a P/E/G ratio of 2.71 and a beta of 0.76. The firm’s fifty day simple moving average is $39.34 and its 200-day simple moving average is $38.33. The company has a current ratio of 2.38, a quick ratio of 2.37 and a debt-to-equity ratio of 0.22. CareTrust REIT, Inc. has a 1-year low of $27.81 and a 1-year high of $43.08.

CareTrust REIT Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Wednesday, April 15th. Stockholders of record on Tuesday, March 31st were issued a dividend of $0.39 per share. The ex-dividend date was Tuesday, March 31st. This represents a $1.56 dividend on an annualized basis and a dividend yield of 3.7%. This is an increase from CareTrust REIT’s previous quarterly dividend of $0.34. CareTrust REIT’s payout ratio is 100.00%.

CareTrust REIT Company Profile

CareTrust REIT, Inc is a real estate investment trust based in Deerfield Beach, Florida, specializing in the ownership, acquisition and management of net-leased healthcare properties. The company primarily focuses on seniors housing and post-acute care facilities, entering into long-term, triple-net lease agreements with leading operators in the skilled nursing, assisted living, memory care, inpatient rehabilitation and specialty hospital sectors. Through its portfolio, CareTrust REIT aims to provide investors with stable and predictable rental income while supporting the ongoing demand for quality healthcare real estate across the United States.

Since its initial public offering in September 2013, CareTrust REIT has pursued a disciplined acquisition strategy, targeting properties in primary and select secondary markets.