CWM Advisors LLC Acquires New Position in Caretrust REIT Inc (NASDAQ:CTRE)

CWM Advisors LLC acquired a new stake in Caretrust REIT Inc (NASDAQ:CTRE) during the first quarter, according to its most recent 13F filing with the SEC. The fund acquired 16,356 shares of the real estate investment trust’s stock, valued at approximately $242,000.

A number of other institutional investors have also recently made changes to their positions in CTRE. First Trust Advisors LP raised its stake in Caretrust REIT by 37.7% in the 1st quarter. First Trust Advisors LP now owns 171,743 shares of the real estate investment trust’s stock valued at $4,029,000 after acquiring an additional 47,027 shares during the period. Nisa Investment Advisors LLC grew its holdings in shares of Caretrust REIT by 17.1% during the fourth quarter. Nisa Investment Advisors LLC now owns 28,769 shares of the real estate investment trust’s stock worth $594,000 after purchasing an additional 4,211 shares in the last quarter. New York State Teachers Retirement System grew its holdings in shares of Caretrust REIT by 8.9% during the fourth quarter. New York State Teachers Retirement System now owns 158,620 shares of the real estate investment trust’s stock worth $3,272,000 after purchasing an additional 13,000 shares in the last quarter. HGK Asset Management Inc. grew its holdings in shares of Caretrust REIT by 26.3% during the fourth quarter. HGK Asset Management Inc. now owns 28,635 shares of the real estate investment trust’s stock worth $591,000 after purchasing an additional 5,970 shares in the last quarter. Finally, SG Americas Securities LLC grew its holdings in shares of Caretrust REIT by 63.8% during the fourth quarter. SG Americas Securities LLC now owns 19,030 shares of the real estate investment trust’s stock worth $393,000 after purchasing an additional 7,410 shares in the last quarter. Institutional investors and hedge funds own 99.04% of the company’s stock.

Several analysts have issued reports on the company. Wells Fargo & Co cut their target price on Caretrust REIT from $24.00 to $20.00 and set an “overweight” rating for the company in a research note on Thursday, March 26th. TheStreet lowered Caretrust REIT from a “b-” rating to a “c+” rating in a research note on Thursday, April 2nd. Zacks Investment Research lowered Caretrust REIT from a “hold” rating to a “sell” rating in a research note on Friday. Berenberg Bank lowered Caretrust REIT from a “buy” rating to a “hold” rating and set a $24.00 target price for the company. in a research note on Friday, February 28th. Finally, Mizuho raised Caretrust REIT from an “underperform” rating to a “neutral” rating and cut their target price for the stock from $19.00 to $13.00 in a research note on Monday, April 6th. Two research analysts have rated the stock with a sell rating, four have given a hold rating and four have issued a buy rating to the stock. The stock currently has an average rating of “Hold” and an average target price of $21.75.

NASDAQ:CTRE opened at $18.82 on Friday. The firm has a market cap of $1.76 billion, a PE ratio of 35.33 and a beta of 1.01. Caretrust REIT Inc has a fifty-two week low of $7.16 and a fifty-two week high of $25.52. The company has a debt-to-equity ratio of 0.62, a quick ratio of 1.66 and a current ratio of 1.66. The business has a 50 day moving average price of $16.40 and a 200-day moving average price of $19.38.

Caretrust REIT (NASDAQ:CTRE) last released its quarterly earnings data on Thursday, May 7th. The real estate investment trust reported $0.20 earnings per share for the quarter, missing analysts’ consensus estimates of $0.34 by ($0.14). The company had revenue of $44.34 million for the quarter, compared to analysts’ expectations of $43.20 million. Caretrust REIT had a net margin of 29.53% and a return on equity of 5.32%. Research analysts predict that Caretrust REIT Inc will post 1.34 EPS for the current year.

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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