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CareTrust REIT, Inc. (NASDAQ:CTRE) Shares Sold by Oregon Public Employees Retirement Fund

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Oregon Public Employees Retirement Fund lessened its holdings in shares of CareTrust REIT, Inc. (NASDAQ:CTREGet Rating) by 2.4% during the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 36,485 shares of the real estate investment trust’s stock after selling 900 shares during the quarter. Oregon Public Employees Retirement Fund’s holdings in CareTrust REIT were worth $704,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also made changes to their positions in CTRE. JPMorgan Chase & Co. boosted its position in shares of CareTrust REIT by 101.1% during the 4th quarter. JPMorgan Chase & Co. now owns 2,034,849 shares of the real estate investment trust’s stock valued at $46,455,000 after acquiring an additional 1,022,938 shares during the last quarter. American Century Companies Inc. boosted its position in shares of CareTrust REIT by 47.0% during the 4th quarter. American Century Companies Inc. now owns 1,964,109 shares of the real estate investment trust’s stock valued at $44,841,000 after acquiring an additional 628,080 shares during the last quarter. State Street Corp boosted its position in shares of CareTrust REIT by 6.1% during the 4th quarter. State Street Corp now owns 5,318,437 shares of the real estate investment trust’s stock valued at $122,818,000 after acquiring an additional 306,461 shares during the last quarter. Bank of America Corp DE boosted its position in shares of CareTrust REIT by 94.8% during the 4th quarter. Bank of America Corp DE now owns 364,285 shares of the real estate investment trust’s stock valued at $8,317,000 after acquiring an additional 177,319 shares during the last quarter. Finally, Foundry Partners LLC boosted its position in shares of CareTrust REIT by 29.2% during the 4th quarter. Foundry Partners LLC now owns 525,967 shares of the real estate investment trust’s stock valued at $12,008,000 after acquiring an additional 118,731 shares during the last quarter. 85.43% of the stock is currently owned by institutional investors.

Shares of NASDAQ:CTRE opened at $19.00 on Friday. The company has a debt-to-equity ratio of 0.83, a current ratio of 1.16 and a quick ratio of 1.16. The firm has a market capitalization of $1.84 billion, a PE ratio of 236.50 and a beta of 1.12. The firm’s 50-day moving average is $18.01 and its two-hundred day moving average is $18.88. CareTrust REIT, Inc. has a 1 year low of $15.90 and a 1 year high of $24.58.

The firm also recently declared a dividend, which will be paid on Friday, July 15th. Shareholders of record on Thursday, June 30th will be paid a dividend of $0.275 per share. The ex-dividend date is Wednesday, June 29th. This represents a yield of 6.29%. CareTrust REIT’s dividend payout ratio (DPR) is presently 1,375.00%.

Several brokerages have recently weighed in on CTRE. Capital One Financial began coverage on shares of CareTrust REIT in a research report on Friday, June 3rd. They set an “equal weight” rating and a $21.50 price target on the stock. Raymond James reduced their price objective on shares of CareTrust REIT from $27.00 to $23.00 and set a “strong-buy” rating on the stock in a report on Friday, March 18th. StockNews.com initiated coverage on shares of CareTrust REIT in a report on Thursday, March 31st. They issued a “hold” rating on the stock. Barclays lowered shares of CareTrust REIT from an “overweight” rating to an “equal weight” rating and reduced their price objective for the company from $22.00 to $17.00 in a report on Monday, April 18th. Finally, KeyCorp reduced their price objective on shares of CareTrust REIT from $23.00 to $21.00 and set an “overweight” rating on the stock in a report on Thursday, July 7th. Six investment analysts have rated the stock with a hold rating, two have given a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat.com, the stock presently has an average rating of “Hold” and an average price target of $21.19.

CareTrust REIT Profile (Get Rating)

CareTrust REIT, Inc is a self-administered, publicly-traded real estate investment trust engaged in the ownership, acquisition, development and leasing of skilled nursing, seniors housing and other healthcare-related properties. With a nationwide portfolio of long-term net-leased properties, and a growing portfolio of quality operators leasing them, CareTrust REIT is pursuing both external and organic growth opportunities across the United States.

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