Public Employees Retirement System of Ohio held its stake in CareTrust REIT, Inc. (NASDAQ:CTRE) during the 2nd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 133,063 shares of the real estate investment trust’s stock at the end of the 2nd quarter. Public Employees Retirement System of Ohio’s holdings in CareTrust REIT were worth $2,467,000 at the end of the most recent reporting period.

Several other large investors have also made changes to their positions in CTRE. IndexIQ Advisors LLC grew its position in CareTrust REIT by 22.7% in the 2nd quarter. IndexIQ Advisors LLC now owns 86,619 shares of the real estate investment trust’s stock worth $1,606,000 after purchasing an additional 15,999 shares during the last quarter. Citigroup Inc. grew its position in CareTrust REIT by 12.3% in the 2nd quarter. Citigroup Inc. now owns 81,318 shares of the real estate investment trust’s stock worth $1,508,000 after purchasing an additional 8,909 shares during the last quarter. Fox Run Management L.L.C. bought a new position in CareTrust REIT in the 2nd quarter worth about $313,000. Bank of America Corp DE grew its position in CareTrust REIT by 191.4% in the 1st quarter. Bank of America Corp DE now owns 765,382 shares of the real estate investment trust’s stock worth $12,873,000 after purchasing an additional 502,765 shares during the last quarter. Finally, BNP Paribas Arbitrage SA grew its position in CareTrust REIT by 27.6% in the 2nd quarter. BNP Paribas Arbitrage SA now owns 45,843 shares of the real estate investment trust’s stock worth $850,000 after purchasing an additional 9,918 shares during the last quarter. 89.56% of the stock is owned by institutional investors and hedge funds.

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

The company also recently announced a quarterly dividend, which was paid on Friday, October 13th. Investors of record on Friday, September 29th were given a dividend of $0.185 per share. This represents a $0.74 dividend on an annualized basis and a dividend yield of 3.92%. The ex-dividend date of this dividend was Thursday, September 28th. CareTrust REIT’s dividend payout ratio (DPR) is currently 164.45%.

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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