Campbell & CO Investment Adviser LLC Sells 18,732 Shares of CareTrust REIT, Inc. $CTRE

Campbell & CO Investment Adviser LLC decreased its position in shares of CareTrust REIT, Inc. (NASDAQ:CTRE) by 65.8% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 9,755 shares of the real estate investment trust’s stock after selling 18,732 shares during the period. Campbell & CO Investment Adviser LLC’s holdings in CareTrust REIT were worth $338,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently made changes to their positions in CTRE. Concurrent Investment Advisors LLC acquired a new position in shares of CareTrust REIT during the 3rd quarter worth about $511,000. Sumitomo Mitsui Trust Group Inc. increased its position in CareTrust REIT by 15.2% in the 3rd quarter. Sumitomo Mitsui Trust Group Inc. now owns 240,735 shares of the real estate investment trust’s stock worth $8,349,000 after buying an additional 31,756 shares during the period. New York State Teachers Retirement System lifted its holdings in shares of CareTrust REIT by 5.1% during the third quarter. New York State Teachers Retirement System now owns 233,658 shares of the real estate investment trust’s stock worth $8,103,000 after buying an additional 11,302 shares during the last quarter. Sumitomo Mitsui DS Asset Management Company Ltd boosted its position in shares of CareTrust REIT by 20.9% in the third quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 48,065 shares of the real estate investment trust’s stock valued at $1,667,000 after acquiring an additional 8,301 shares during the period. Finally, Oregon Public Employees Retirement Fund grew its stake in shares of CareTrust REIT by 13.8% in the third quarter. Oregon Public Employees Retirement Fund now owns 49,612 shares of the real estate investment trust’s stock worth $1,721,000 after acquiring an additional 6,000 shares during the last quarter. 87.77% of the stock is owned by institutional investors and hedge funds.

CareTrust REIT Stock Up 0.7%

Shares of NASDAQ CTRE opened at $36.78 on Friday. CareTrust REIT, Inc. has a 12-month low of $24.79 and a 12-month high of $38.32. The firm’s 50-day simple moving average is $36.92 and its 200 day simple moving average is $34.82. 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 company has a market cap 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 Announces Dividend

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

Analysts Set New Price Targets

CTRE has been the subject of several research analyst reports. KeyCorp upped their target price on shares of CareTrust REIT from $36.00 to $40.00 and gave the company an “overweight” rating in a research note on Thursday, December 4th. Jefferies Financial Group upped their price objective on shares of CareTrust REIT from $41.00 to $43.00 and gave the company a “buy” rating in a research report on Monday, December 15th. Citizens Jmp started coverage on shares of CareTrust REIT in a research note on Thursday. They issued a “market outperform” rating and a $44.00 target price for the company. Royal Bank Of Canada boosted their price target on CareTrust REIT from $36.00 to $41.00 and gave the company an “outperform” rating in a research note on Monday, November 10th. Finally, Citigroup started coverage on CareTrust REIT in a report on Thursday. They issued a “market outperform” rating for the company. One investment analyst has rated the stock with a Strong Buy rating, eight have issued a Buy rating, one has assigned a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat.com, CareTrust REIT currently has a consensus rating of “Moderate Buy” and an average price target of $39.00.

CareTrust REIT Company Profile

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.