Amalgamated Bank acquired a new stake in shares of CareTrust REIT, Inc. (NASDAQ:CTRE) during the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor acquired 10,368 shares of the real estate investment trust’s stock, valued at approximately $197,000.
A number of other hedge funds and other institutional investors have also recently made changes to their positions in CTRE. Vanguard Group Inc. raised its stake in CareTrust REIT by 6.4% during the second quarter. Vanguard Group Inc. now owns 11,249,983 shares of the real estate investment trust’s stock valued at $208,575,000 after buying an additional 677,395 shares in the last quarter. Teachers Advisors LLC raised its position in shares of CareTrust REIT by 624.1% during the 2nd quarter. Teachers Advisors LLC now owns 764,608 shares of the real estate investment trust’s stock worth $14,176,000 after purchasing an additional 659,012 shares during the period. Russell Investments Group Ltd. raised its position in shares of CareTrust REIT by 368.6% during the 2nd quarter. Russell Investments Group Ltd. now owns 827,763 shares of the real estate investment trust’s stock worth $15,337,000 after purchasing an additional 651,129 shares during the period. BlackRock Inc. raised its position in shares of CareTrust REIT by 7.0% during the 2nd quarter. BlackRock Inc. now owns 9,911,033 shares of the real estate investment trust’s stock worth $183,750,000 after purchasing an additional 645,109 shares during the period. Finally, Fiera Capital Corp acquired a new stake in shares of CareTrust REIT during the 2nd quarter worth approximately $11,946,000. Hedge funds and other institutional investors own 91.20% of the company’s stock.
Shares of CareTrust REIT, Inc. (NASDAQ CTRE) opened at $18.05 on Monday. CareTrust REIT, Inc. has a 1 year low of $14.27 and a 1 year high of $19.86. The company has a current ratio of 1.60, a quick ratio of 1.60 and a debt-to-equity ratio of 0.81. The firm has a market capitalization of $1,370.41, a P/E ratio of 15.56, a PEG ratio of 3.88 and a beta of 0.77.
CareTrust REIT (NASDAQ:CTRE) last posted its earnings results on Wednesday, November 8th. The real estate investment trust reported $0.28 EPS for the quarter, missing the consensus estimate of $0.29 by ($0.01). CareTrust REIT had a net margin of 25.68% and a return on equity of 5.76%. The business had revenue of $32.90 million during the quarter, compared to analyst estimates of $32.91 million. During the same quarter in the prior year, the business earned $0.28 earnings per share. The firm’s revenue was up 21.4% compared to the same quarter last year. research analysts predict that CareTrust REIT, Inc. will post 1.16 earnings per share for the current fiscal year.
CTRE has been the topic of a number of research reports. KeyCorp set a $20.00 price target on CareTrust REIT and gave the stock a “buy” rating in a research report on Sunday, October 29th. Zacks Investment Research upgraded CareTrust REIT from a “sell” rating to a “buy” rating and set a $21.00 price target on the stock in a research report on Tuesday, October 24th. Capital One Financial initiated coverage on CareTrust REIT in a research report on Monday, October 23rd. They set an “equal weight” rating and a $21.00 price target on the stock. BMO Capital Markets reiterated a “hold” rating and set a $20.00 price target on shares of CareTrust REIT in a research report on Thursday, November 9th. Finally, Stifel Nicolaus reiterated a “hold” rating and set a $19.00 price target (up from $17.00) on shares of CareTrust REIT in a research report on Thursday, November 9th. One investment analyst has rated the stock with a sell rating, five have assigned a hold rating and three have given a buy rating to the stock. CareTrust REIT has a consensus rating of “Hold” and a consensus price target of $19.38.
CareTrust REIT Company Profile
CareTrust REIT, Inc is a self-administered, self-managed real estate investment trust. The Company is engaged in the ownership, acquisition and leasing of healthcare-related properties. It makes investments in healthcare-related real estate assets. As of December 31, 2016, its real estate portfolio included 154 skilled nursing facilities (SNFs), SNF Campuses, assisted living facilities and independent living facilities.
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