CareTrust REIT, Inc. $CTRE Shares Purchased by Bessemer Group Inc.

Bessemer Group Inc. boosted its holdings in shares of CareTrust REIT, Inc. (NYSE:CTRE) by 4,131.1% during the 1st quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 522,120 shares of the company’s stock after purchasing an additional 509,780 shares during the quarter. Bessemer Group Inc.’s holdings in CareTrust REIT were worth $19,134,000 at the end of the most recent quarter.

A number of other institutional investors also recently made changes to their positions in the business. Kemnay Advisory Services Inc. purchased a new position in shares of CareTrust REIT during the 4th quarter valued at approximately $27,000. Transamerica Financial Advisors LLC increased its stake in shares of CareTrust REIT by 520.0% in the fourth quarter. Transamerica Financial Advisors LLC now owns 868 shares of the company’s stock worth $32,000 after buying an additional 728 shares during the last quarter. EverSource Wealth Advisors LLC increased its stake in shares of CareTrust REIT by 134.2% in the second quarter. EverSource Wealth Advisors LLC now owns 1,124 shares of the company’s stock worth $34,000 after buying an additional 644 shares during the last quarter. Allworth Financial LP raised its holdings in CareTrust REIT by 114.0% in the third 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, Mcguire Capital Advisors Inc. acquired a new stake in CareTrust REIT in the fourth quarter valued at $40,000. 87.77% of the stock is owned by institutional investors and hedge funds.

CareTrust REIT Stock Performance

CareTrust REIT stock opened at $42.88 on Friday. The company has a market cap of $10.13 billion, a PE ratio of 27.49, a P/E/G ratio of 1.93 and a beta of 0.76. The company has a fifty day moving average price of $39.92 and a two-hundred day moving average price of $38.99. 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 12 month low of $30.21 and a 12 month high of $43.10.

CareTrust REIT Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Wednesday, July 15th. Stockholders of record on Tuesday, June 30th were given a $0.39 dividend. This represents a $1.56 dividend on an annualized basis and a dividend yield of 3.6%. The ex-dividend date was Tuesday, June 30th. CareTrust REIT’s dividend payout ratio (DPR) is presently 100.00%.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently weighed in on CTRE shares. Weiss Ratings raised shares of CareTrust REIT from a “buy (b+)” rating to a “buy (a-)” rating in a research report on Monday, July 6th. Wells Fargo & Company increased their price target on shares of CareTrust REIT from $42.00 to $47.00 and gave the stock an “overweight” rating in a research report on Monday, June 1st. Zacks Research upgraded CareTrust REIT from a “strong sell” rating to a “hold” rating in a research note on Monday, May 25th. KeyCorp reissued an “overweight” rating and issued a $46.00 price objective on shares of CareTrust REIT in a report on Friday, May 29th. Finally, Raymond James Financial assumed coverage on CareTrust REIT in a research note on Tuesday, June 16th. They set an “outperform” rating and a $43.00 price objective on the stock. Two investment analysts have rated the stock with a Strong Buy rating, nine have assigned a Buy rating and two have issued a Hold rating to the company’s stock. According to data from MarketBeat.com, the company presently has an average rating of “Buy” and an average target price of $44.82.

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.