Boothbay Fund Management LLC Acquires 50,216 Shares of CareTrust REIT, Inc. $CTRE

Boothbay Fund Management LLC boosted its holdings in CareTrust REIT, Inc. (NYSE:CTRE) by 16.9% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 347,008 shares of the company’s stock after acquiring an additional 50,216 shares during the quarter. Boothbay Fund Management LLC owned 0.16% of CareTrust REIT worth $12,548,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Kemnay Advisory Services Inc. bought a new position in CareTrust REIT in the 4th quarter valued at approximately $27,000. Transamerica Financial Advisors LLC lifted its position in CareTrust REIT by 520.0% in the 4th quarter. Transamerica Financial Advisors LLC now owns 868 shares of the company’s stock valued at $32,000 after acquiring an additional 728 shares in the last quarter. Heritage Wealth Advisors lifted its position in CareTrust REIT by 42.9% in the 3rd quarter. Heritage Wealth Advisors now owns 1,000 shares of the company’s stock valued at $35,000 after acquiring an additional 300 shares in the last quarter. Allworth Financial LP lifted its position in CareTrust REIT by 114.0% in the 3rd quarter. Allworth Financial LP now owns 1,042 shares of the company’s stock valued at $36,000 after acquiring an additional 555 shares in the last quarter. Finally, EverSource Wealth Advisors LLC lifted its position 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 acquiring an additional 644 shares in the last quarter. 87.77% of the stock is owned by institutional investors.

CareTrust REIT Price Performance

NYSE CTRE opened at $36.44 on Thursday. The business’s fifty day moving average price is $39.41 and its 200-day moving average price is $38.48. The stock has a market capitalization of $8.61 billion, a price-to-earnings ratio of 23.36, a PEG ratio of 1.68 and a beta of 0.76. The company has a debt-to-equity ratio of 0.22, a current ratio of 2.38 and a quick ratio of 2.37. CareTrust REIT, Inc. has a 1-year low of $29.09 and a 1-year high of $43.08.

CareTrust REIT Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Wednesday, July 15th. Stockholders of record on Tuesday, June 30th will be issued a dividend of $0.39 per share. This represents a $1.56 annualized dividend and a dividend yield of 4.3%. The ex-dividend date of this dividend is Tuesday, June 30th. CareTrust REIT’s dividend payout ratio is presently 100.00%.

Analyst Ratings Changes

CTRE has been the topic of several analyst reports. Citigroup reaffirmed a “market outperform” rating on shares of CareTrust REIT in a research report on Wednesday, June 10th. Mizuho set a $45.00 price objective on CareTrust REIT in a research report on Friday, May 22nd. UBS Group upped their price objective on CareTrust REIT from $44.00 to $48.00 and gave the company a “buy” rating in a research report on Wednesday, February 18th. BMO Capital Markets increased their price target on CareTrust REIT from $46.00 to $47.00 and gave the company an “outperform” rating in a report on Monday. Finally, Royal Bank Of Canada increased their price target on CareTrust REIT from $41.00 to $44.00 and gave the company an “outperform” rating in a report on Tuesday, February 24th. One investment analyst has rated the stock with a Strong Buy rating, ten have assigned a Buy rating and two have given a Hold rating to the company’s stock. According to MarketBeat, CareTrust REIT presently has an average rating of “Moderate Buy” and a consensus target price of $44.82.

About CareTrust REIT

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.