Foundry Partners LLC Takes $6.27 Million Position in Caretrust REIT Inc (NASDAQ:CTRE)

Foundry Partners LLC bought a new stake in shares of Caretrust REIT Inc (NASDAQ:CTRE) in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund bought 266,622 shares of the real estate investment trust’s stock, valued at approximately $6,267,000. Foundry Partners LLC owned approximately 0.28% of Caretrust REIT at the end of the most recent reporting period.

Several other large investors have also recently bought and sold shares of CTRE. Invesco Ltd. increased its holdings in shares of Caretrust REIT by 295.6% during the 2nd quarter. Invesco Ltd. now owns 3,284,547 shares of the real estate investment trust’s stock valued at $78,107,000 after purchasing an additional 2,454,244 shares in the last quarter. Vanguard Group Inc. increased its holdings in shares of Caretrust REIT by 13.4% during the 2nd quarter. Vanguard Group Inc. now owns 14,976,743 shares of the real estate investment trust’s stock valued at $356,147,000 after purchasing an additional 1,767,795 shares in the last quarter. BlackRock Inc. increased its holdings in shares of Caretrust REIT by 9.8% during the 2nd quarter. BlackRock Inc. now owns 18,664,330 shares of the real estate investment trust’s stock valued at $443,836,000 after purchasing an additional 1,666,016 shares in the last quarter. Nuveen Asset Management LLC grew its stake in Caretrust REIT by 814.2% in the 2nd quarter. Nuveen Asset Management LLC now owns 1,666,726 shares of the real estate investment trust’s stock valued at $39,635,000 after acquiring an additional 1,484,408 shares during the period. Finally, Copper Rock Capital Partners LLC acquired a new stake in Caretrust REIT in the 3rd quarter valued at $18,767,000. 89.42% of the stock is owned by hedge funds and other institutional investors.

Caretrust REIT stock opened at $24.48 on Friday. The company’s fifty day moving average price is $23.56 and its 200 day moving average price is $23.87. Caretrust REIT Inc has a 1 year low of $17.12 and a 1 year high of $25.54. The stock has a market capitalization of $2.35 billion, a P/E ratio of 18.74 and a beta of 0.67. The company has a debt-to-equity ratio of 0.56, a quick ratio of 0.97 and a current ratio of 0.97.

Caretrust REIT (NASDAQ:CTRE) last released its quarterly earnings results on Tuesday, August 6th. The real estate investment trust reported $0.21 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.35 by ($0.14). Caretrust REIT had a net margin of 39.70% and a return on equity of 8.08%. The company had revenue of $46.20 million during the quarter, compared to analyst estimates of $43.23 million. During the same period in the prior year, the business posted $0.33 EPS. Caretrust REIT’s revenue was up 18.6% compared to the same quarter last year. Sell-side analysts predict that Caretrust REIT Inc will post 1.35 EPS for the current year.

The firm also recently announced a — dividend, which was paid on Tuesday, October 15th. Shareholders of record on Monday, September 30th were paid a dividend of $0.225 per share. The ex-dividend date of this dividend was Friday, September 27th. This represents a yield of 3.9%. Caretrust REIT’s dividend payout ratio (DPR) is presently 70.31%.

CTRE has been the topic of a number of research analyst reports. BidaskClub cut shares of Caretrust REIT from a “buy” rating to a “hold” rating in a research note on Saturday, October 12th. ValuEngine cut shares of Caretrust REIT from a “buy” rating to a “hold” rating in a research note on Thursday, August 1st. Barclays initiated coverage on shares of Caretrust REIT in a research note on Tuesday, September 3rd. They issued an “overweight” rating and a $26.00 price target on the stock. BMO Capital Markets reissued a “buy” rating and issued a $26.00 price target on shares of Caretrust REIT in a research note on Wednesday, August 7th. Finally, Zacks Investment Research raised shares of Caretrust REIT from a “strong sell” rating to a “hold” rating in a research note on Thursday, October 10th. Four analysts have rated the stock with a hold rating and seven have given a buy rating to the company. The company presently has a consensus rating of “Buy” and an average target price of $25.22.

About Caretrust REIT

CareTrust REIT, Inc is a self-administered, publicly-traded real estate investment trust engaged in the ownership, acquisition and leasing of seniors housing and healthcare-related properties. With 199 net-leased healthcare properties and three operated seniors housing properties in 27 states, CareTrust is pursuing opportunities across the nation to acquire properties that will be leased to a diverse group of local, regional and national seniors housing operators, healthcare services providers, and other healthcare-related businesses.

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

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