State of Tennessee Treasury Department Raises Holdings in Caretrust REIT Inc (NASDAQ:CTRE)

State of Tennessee Treasury Department grew its position in Caretrust REIT Inc (NASDAQ:CTRE) by 10.2% during the 3rd quarter, Holdings Channel.com reports. The firm owned 71,960 shares of the real estate investment trust’s stock after purchasing an additional 6,674 shares during the period. State of Tennessee Treasury Department’s holdings in Caretrust REIT were worth $1,692,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the business. BlackRock Inc. grew its holdings in Caretrust REIT by 9.8% in the second quarter. BlackRock Inc. now owns 18,664,330 shares of the real estate investment trust’s stock worth $443,836,000 after purchasing an additional 1,666,016 shares during the last quarter. Vanguard Group Inc. grew its holdings in Caretrust REIT by 13.4% in the second quarter. Vanguard Group Inc. now owns 14,976,743 shares of the real estate investment trust’s stock worth $356,147,000 after purchasing an additional 1,767,795 shares during the last quarter. Invesco Ltd. grew its holdings in Caretrust REIT by 295.6% in the second quarter. Invesco Ltd. now owns 3,284,547 shares of the real estate investment trust’s stock worth $78,107,000 after purchasing an additional 2,454,244 shares during the last quarter. Northern Trust Corp grew its holdings in Caretrust REIT by 6.1% in the second quarter. Northern Trust Corp now owns 1,922,226 shares of the real estate investment trust’s stock worth $45,710,000 after purchasing an additional 109,856 shares during the last quarter. Finally, Nuveen Asset Management LLC grew its holdings in Caretrust REIT by 814.2% in the second quarter. Nuveen Asset Management LLC now owns 1,666,726 shares of the real estate investment trust’s stock worth $39,635,000 after purchasing an additional 1,484,408 shares during the last quarter. 89.83% of the stock is currently owned by institutional investors and hedge funds.

Shares of NASDAQ:CTRE traded down $0.11 during trading hours on Monday, reaching $20.40. The stock had a trading volume of 13,922 shares, compared to its average volume of 886,366. Caretrust REIT Inc has a 1 year low of $17.71 and a 1 year high of $25.54. The firm’s 50 day moving average is $23.52 and its 200-day moving average is $23.84. The company has a debt-to-equity ratio of 0.56, a quick ratio of 0.97 and a current ratio of 0.97. The stock has a market capitalization of $2.16 billion, a price-to-earnings ratio of 16.02 and a beta of 0.66.

Caretrust REIT (NASDAQ:CTRE) last announced its quarterly earnings data on Thursday, November 7th. The real estate investment trust reported ($0.11) EPS for the quarter, missing the Zacks’ consensus estimate of $0.34 by ($0.45). Caretrust REIT had a net margin of 39.70% and a return on equity of 8.08%. The firm had revenue of $33.31 million during the quarter, compared to analysts’ expectations of $43.64 million. During the same period in the prior year, the company posted $0.32 earnings per share. The company’s revenue for the quarter was down 15.7% on a year-over-year basis. Analysts forecast that Caretrust REIT Inc will post 1.37 EPS for the current year.

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

Several equities analysts have issued reports on CTRE shares. Barclays assumed coverage on shares of Caretrust REIT in a report on Tuesday, September 3rd. They issued an “overweight” rating and a $26.00 price target on the stock. BidaskClub downgraded shares of Caretrust REIT from a “hold” rating to a “sell” rating in a research report on Saturday. Berenberg Bank began coverage on shares of Caretrust REIT in a research report on Thursday, September 12th. They issued a “buy” rating and a $29.00 price objective for the company. Capital One Financial upgraded shares of Caretrust REIT from an “equal weight” rating to an “overweight” rating and set a $25.00 price objective for the company in a research report on Wednesday, August 21st. Finally, BMO Capital Markets reissued a “buy” rating and set a $26.00 target price on shares of Caretrust REIT in a research note on Wednesday, August 7th. One equities research analyst has rated the stock with a sell rating, two have issued a hold rating and seven have assigned a buy rating to the company. Caretrust REIT has a consensus rating of “Buy” and an average price target of $25.50.

Caretrust REIT Profile

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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