Caretrust REIT Inc (NASDAQ:CTRE) Shares Bought by BlackRock Inc.

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BlackRock Inc. raised its position in shares of Caretrust REIT Inc (NASDAQ:CTRE) by 15.0% in the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 14,967,382 shares of the real estate investment trust’s stock after buying an additional 1,948,664 shares during the quarter. BlackRock Inc. owned 18.48% of Caretrust REIT worth $249,805,000 at the end of the most recent quarter.

A number of other hedge funds have also recently bought and sold shares of CTRE. Bank of New York Mellon Corp lifted its stake in Caretrust REIT by 61.7% during the second quarter. Bank of New York Mellon Corp now owns 1,867,666 shares of the real estate investment trust’s stock valued at $31,171,000 after buying an additional 712,936 shares in the last quarter. Millennium Management LLC lifted its stake in Caretrust REIT by 52.9% during the first quarter. Millennium Management LLC now owns 1,638,116 shares of the real estate investment trust’s stock valued at $21,951,000 after buying an additional 566,859 shares in the last quarter. American Century Companies Inc. lifted its stake in Caretrust REIT by 69.9% during the second quarter. American Century Companies Inc. now owns 1,129,004 shares of the real estate investment trust’s stock valued at $18,843,000 after buying an additional 464,307 shares in the last quarter. Wells Fargo & Company MN lifted its position in shares of Caretrust REIT by 112.1% in the second quarter. Wells Fargo & Company MN now owns 511,822 shares of the real estate investment trust’s stock worth $8,542,000 after purchasing an additional 270,554 shares in the last quarter. Finally, Keeley Teton Advisors LLC lifted its position in shares of Caretrust REIT by 27.3% in the first quarter. Keeley Teton Advisors LLC now owns 1,222,249 shares of the real estate investment trust’s stock worth $16,378,000 after purchasing an additional 262,016 shares in the last quarter. 88.07% of the stock is owned by institutional investors.

CTRE stock traded down $0.17 during midday trading on Friday, hitting $16.80. 606,979 shares of the company traded hands, compared to its average volume of 669,264. Caretrust REIT Inc has a twelve month low of $12.73 and a twelve month high of $19.76. The company has a quick ratio of 1.65, a current ratio of 1.65 and a debt-to-equity ratio of 0.85. The company has a market cap of $1.43 billion, a PE ratio of 14.48, a price-to-earnings-growth ratio of 2.75 and a beta of 0.82.

Caretrust REIT (NASDAQ:CTRE) last announced its quarterly earnings results on Wednesday, August 1st. The real estate investment trust reported $0.17 EPS for the quarter, meeting the consensus estimate of $0.17. Caretrust REIT had a return on equity of 6.81% and a net margin of 28.26%. The company had revenue of $38.97 million for the quarter, compared to the consensus estimate of $38.44 million. During the same quarter last year, the company posted $0.30 earnings per share. The company’s revenue for the quarter was up 18.7% compared to the same quarter last year. As a group, equities analysts expect that Caretrust REIT Inc will post 1.29 EPS for the current fiscal year.

The business also recently declared a quarterly dividend, which will be paid on Monday, October 15th. Shareholders of record on Friday, September 28th will be issued a dividend of $0.205 per share. The ex-dividend date of this dividend is Thursday, September 27th. This represents a $0.82 annualized dividend and a yield of 4.88%. Caretrust REIT’s dividend payout ratio (DPR) is presently 70.69%.

A number of analysts have recently issued reports on the stock. Zacks Investment Research lowered shares of Caretrust REIT from a “buy” rating to a “hold” rating in a research report on Friday. ValuEngine raised shares of Caretrust REIT from a “sell” rating to a “hold” rating in a research report on Tuesday. BidaskClub lowered shares of Caretrust REIT from a “buy” rating to a “hold” rating in a research report on Saturday, September 1st. KeyCorp increased their price target on shares of Caretrust REIT from $16.00 to $20.00 and gave the stock a “buy” rating in a research report on Tuesday, August 21st. Finally, Royal Bank of Canada reissued a “hold” rating and issued a $18.00 price target (up from $16.00) on shares of Caretrust REIT in a research report on Thursday, August 9th. Seven investment analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. The company presently has a consensus rating of “Hold” and a consensus target price of $18.22.

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 189 net-leased healthcare properties and three operated seniors housing properties in 25 states, CareTrust REIT 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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