California State Teachers Retirement System raised its position in CareTrust REIT, Inc. (NASDAQ:CTRE) by 1.3% in the second quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 127,759 shares of the real estate investment trust’s stock after buying an additional 1,622 shares during the period. California State Teachers Retirement System’s holdings in CareTrust REIT were worth $2,369,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in the business. Raymond James Financial Services Advisors Inc. increased its holdings in CareTrust REIT by 3.9% in the second quarter. Raymond James Financial Services Advisors Inc. now owns 26,700 shares of the real estate investment trust’s stock valued at $495,000 after buying an additional 1,000 shares in the last quarter. The Manufacturers Life Insurance Company increased its holdings in CareTrust REIT by 12.3% in the second quarter. The Manufacturers Life Insurance Company now owns 55,374 shares of the real estate investment trust’s stock valued at $1,027,000 after buying an additional 6,074 shares in the last quarter. State Street Corp increased its holdings in CareTrust REIT by 12.6% in the second quarter. State Street Corp now owns 1,963,432 shares of the real estate investment trust’s stock valued at $36,401,000 after buying an additional 219,997 shares in the last quarter. Voya Investment Management LLC increased its holdings in CareTrust REIT by 41.8% in the second quarter. Voya Investment Management LLC now owns 33,145 shares of the real estate investment trust’s stock valued at $615,000 after buying an additional 9,771 shares in the last quarter. Finally, Dimensional Fund Advisors LP increased its holdings in CareTrust REIT by 9.1% in the second quarter. Dimensional Fund Advisors LP now owns 949,207 shares of the real estate investment trust’s stock valued at $17,598,000 after buying an additional 79,261 shares in the last quarter. 88.24% of the stock is owned by institutional investors.

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Shares of CareTrust REIT, Inc. (NASDAQ CTRE) opened at $18.65 on Monday. The company has a market cap of $1,415.96, a PE ratio of 16.08, a PEG ratio of 3.97 and a beta of 0.83. The company has a debt-to-equity ratio of 0.81, a quick ratio of 1.60 and a current ratio of 1.60. CareTrust REIT, Inc. has a one year low of $13.36 and a one year high of $19.86.

CareTrust REIT (NASDAQ:CTRE) last released its earnings results on Wednesday, November 8th. The real estate investment trust reported $0.28 EPS for the quarter, missing analysts’ consensus estimates of $0.29 by ($0.01). The company had revenue of $32.90 million for the quarter, compared to analysts’ expectations of $32.91 million. CareTrust REIT had a return on equity of 5.76% and a net margin of 25.68%. The firm’s revenue for the quarter was up 21.4% on a year-over-year basis. During the same period in the prior year, the firm earned $0.28 EPS. research analysts forecast that CareTrust REIT, Inc. will post 1.17 EPS for the current fiscal year.

CTRE has been the subject of a number of recent analyst reports. Zacks Investment Research raised shares of CareTrust REIT from a “hold” rating to a “buy” rating and set a $20.00 price objective for the company in a report on Monday, July 17th. KeyCorp reaffirmed a “buy” rating and issued a $20.00 price objective on shares of CareTrust REIT in a report on Friday, August 25th. Capital One Financial Corporation initiated coverage on shares of CareTrust REIT in a report on Monday, October 23rd. They issued an “equal weight” rating and a $21.00 price objective for the company. BidaskClub raised shares of CareTrust REIT from a “hold” rating to a “buy” rating in a report on Saturday, August 19th. Finally, BMO Capital Markets reaffirmed a “hold” rating and issued a $20.00 price objective on shares of CareTrust REIT in a report on Thursday. Five investment analysts have rated the stock with a hold rating and five have given a buy rating to the company. CareTrust REIT currently has a consensus rating of “Buy” and a consensus target price 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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Institutional Ownership by Quarter for CareTrust REIT (NASDAQ:CTRE)

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