Moody National Bank Trust Division Has $1.54 Million Holdings in CareTrust REIT, Inc. $CTRE

Moody National Bank Trust Division raised its holdings in CareTrust REIT, Inc. (NYSE:CTRE) by 48.2% during the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 38,097 shares of the company’s stock after acquiring an additional 12,391 shares during the period. Moody National Bank Trust Division’s holdings in CareTrust REIT were worth $1,537,000 at the end of the most recent quarter.

Several other institutional investors have also recently bought and sold shares of CTRE. Principal Financial Group Inc. increased its holdings in CareTrust REIT by 7.5% in the 4th quarter. Principal Financial Group Inc. now owns 1,328,660 shares of the company’s stock worth $48,044,000 after purchasing an additional 93,101 shares in the last quarter. B&I Capital AG acquired a new stake in shares of CareTrust REIT during the fourth quarter valued at about $10,989,000. M&T Bank Corp bought a new stake in shares of CareTrust REIT during the fourth quarter worth about $894,000. Jennison Associates LLC bought a new stake in shares of CareTrust REIT during the fourth quarter worth about $1,156,000. Finally, Vanderbilt University acquired a new position in shares of CareTrust REIT in the fourth quarter valued at approximately $1,125,000. Institutional investors and hedge funds own 87.77% of the company’s stock.

CareTrust REIT Trading Up 0.8%

CTRE opened at $41.16 on Thursday. CareTrust REIT, Inc. has a twelve month low of $31.92 and a twelve month high of $43.62. The company has a quick ratio of 2.37, a current ratio of 2.38 and a debt-to-equity ratio of 0.22. The company has a fifty day moving average of $40.11 and a 200-day moving average of $39.49. The stock has a market cap of $9.72 billion, a PE ratio of 26.39, a price-to-earnings-growth ratio of 1.84 and a beta of 0.75.

CareTrust REIT Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, July 15th. Stockholders of record on Tuesday, June 30th were given a $0.39 dividend. The ex-dividend date of this dividend was Tuesday, June 30th. This represents a $1.56 annualized dividend and a dividend yield of 3.8%. CareTrust REIT’s dividend payout ratio (DPR) is 100.00%.

Analyst Upgrades and Downgrades

CTRE has been the topic of a number of research reports. KeyCorp reissued an “overweight” rating and set a $46.00 target price on shares of CareTrust REIT in a report on Friday, May 29th. Wells Fargo & Company lifted their price target on shares of CareTrust REIT from $42.00 to $47.00 and gave the stock an “overweight” rating in a report on Monday, June 1st. Weiss Ratings cut shares of CareTrust REIT from a “buy (a-)” rating to a “buy (b+)” rating in a research note on Tuesday, July 21st. BMO Capital Markets raised their target price on CareTrust REIT from $46.00 to $47.00 and gave the stock an “outperform” rating in a research report on Monday, June 15th. Finally, Mizuho set a $45.00 target price on CareTrust REIT in a report on Friday, May 22nd. One equities research analyst has rated the stock with a Strong Buy rating, ten have assigned a Buy rating and two have issued a Hold rating to the company’s stock. According to MarketBeat.com, CareTrust REIT presently has an average rating of “Moderate Buy” and a consensus 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.