New York State Common Retirement Fund boosted its holdings in shares of CareTrust REIT, Inc. (NASDAQ:CTRE) by 44.7% in the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 77,100 shares of the real estate investment trust’s stock after purchasing an additional 23,799 shares during the period. New York State Common Retirement Fund owned about 0.10% of CareTrust REIT worth $1,429,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also made changes to their positions in CTRE. Riverhead Capital Management LLC lifted its stake in CareTrust REIT by 90.7% during the second quarter. Riverhead Capital Management LLC now owns 5,529 shares of the real estate investment trust’s stock worth $103,000 after purchasing an additional 2,629 shares during the period. GAM Holding AG lifted its stake in CareTrust REIT by 19.6% during the second quarter. GAM Holding AG now owns 6,100 shares of the real estate investment trust’s stock worth $113,000 after purchasing an additional 1,000 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank lifted its stake in CareTrust REIT by 7.5% during the second quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 6,277 shares of the real estate investment trust’s stock worth $116,000 after purchasing an additional 437 shares during the period. Daiwa Securities Group Inc. lifted its stake in CareTrust REIT by 24.5% during the second quarter. Daiwa Securities Group Inc. now owns 6,606 shares of the real estate investment trust’s stock worth $122,000 after purchasing an additional 1,300 shares during the period. Finally, LS Investment Advisors LLC lifted its stake in CareTrust REIT by 2.0% during the second quarter. LS Investment Advisors LLC now owns 7,062 shares of the real estate investment trust’s stock worth $131,000 after purchasing an additional 138 shares during the period. Hedge funds and other institutional investors own 89.56% of the company’s stock.

CareTrust REIT, Inc. (CTRE) opened at 19.10 on Tuesday. CareTrust REIT, Inc. has a 1-year low of $12.70 and a 1-year high of $19.86.

The company also recently declared a quarterly dividend, which was paid on Friday, October 13th. Stockholders of record on Friday, September 29th were issued a dividend of $0.185 per share. This represents a $0.74 dividend on an annualized basis and a dividend yield of 3.87%. The ex-dividend date of this dividend was Thursday, September 28th. CareTrust REIT’s dividend payout ratio (DPR) is presently 164.45%.

A number of research analysts have commented on the stock. Capital One Financial Corporation restated an “equal weight” rating and set a $21.00 price target on shares of CareTrust REIT in a research note on Sunday, October 22nd. KeyCorp set a $20.00 price target on shares of CareTrust REIT and gave the stock a “buy” rating in a research note on Sunday. Zacks Investment Research upgraded shares of CareTrust REIT from a “sell” rating to a “buy” rating and set a $21.00 price target for the company in a research note on Tuesday, October 24th. Finally, BidaskClub upgraded shares of CareTrust REIT from a “hold” rating to a “buy” rating in a research note on Saturday, August 19th. Five equities research analysts have rated the stock with a hold rating and five have issued a buy rating to the company. The stock presently has a consensus rating of “Buy” and an average price target of $19.00.

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CareTrust REIT Profile

CareTrust REIT, Inc is a self-administered, self-managed real estate investment trust. The Company is engaged in the ownership, acquisition and leasing of healthcare-related properties. It makes investments in healthcare-related real estate assets. As of December 31, 2016, its real estate portfolio included 154 skilled nursing facilities (SNFs), SNF Campuses, assisted living facilities and independent living facilities.

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

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