New York State Common Retirement Fund grew its stake in Caretrust REIT Inc (NASDAQ:CTRE) by 7.0% in the 1st quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 84,400 shares of the real estate investment trust’s stock after buying an additional 5,500 shares during the quarter. New York State Common Retirement Fund’s holdings in Caretrust REIT were worth $1,980,000 at the end of the most recent reporting period.

Several other institutional investors also recently added to or reduced their stakes in CTRE. Oregon Public Employees Retirement Fund acquired a new position in shares of Caretrust REIT in the fourth quarter valued at approximately $32,000. Quadrant Capital Group LLC boosted its holdings in Caretrust REIT by 685.3% during the first quarter. Quadrant Capital Group LLC now owns 2,733 shares of the real estate investment trust’s stock worth $62,000 after purchasing an additional 2,385 shares during the last quarter. Advisor Group Inc. boosted its holdings in Caretrust REIT by 60.4% during the fourth quarter. Advisor Group Inc. now owns 4,168 shares of the real estate investment trust’s stock worth $77,000 after purchasing an additional 1,570 shares during the last quarter. NumerixS Investment Technologies Inc acquired a new position in Caretrust REIT during the fourth quarter worth $89,000. Finally, Nisa Investment Advisors LLC acquired a new position in Caretrust REIT during the first quarter worth $92,000. Institutional investors own 84.72% of the company’s stock.

CTRE has been the subject of several recent research reports. BidaskClub cut shares of Caretrust REIT from a “strong-buy” rating to a “buy” rating in a report on Thursday, April 4th. Raymond James cut shares of Caretrust REIT from a “strong-buy” rating to a “market perform” rating and set a $25.00 target price for the company. in a report on Friday, May 31st. BMO Capital Markets restated a “buy” rating and set a $22.00 target price on shares of Caretrust REIT in a report on Thursday, February 14th. Finally, Zacks Investment Research cut shares of Caretrust REIT from a “hold” rating to a “sell” rating in a report on Tuesday, March 5th. Three equities research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company. The company presently has a consensus rating of “Buy” and an average target price of $23.00.

Shares of CTRE opened at $24.36 on Friday. Caretrust REIT Inc has a 12 month low of $16.29 and a 12 month high of $25.54. The firm has a market cap of $2.32 billion, a P/E ratio of 19.03 and a beta of 0.85. The company has a quick ratio of 15.94, a current ratio of 15.94 and a debt-to-equity ratio of 0.84.

Caretrust REIT (NASDAQ:CTRE) last announced its earnings results on Tuesday, May 7th. The real estate investment trust reported $0.18 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.32 by ($0.14). Caretrust REIT had a return on equity of 8.08% and a net margin of 37.46%. The business had revenue of $39.66 million for the quarter, compared to analyst estimates of $40.79 million. During the same quarter in the previous year, the company posted $0.32 EPS. The business’s revenue for the quarter was up 4.1% compared to the same quarter last year. As a group, equities research analysts predict that Caretrust REIT Inc will post 1.39 EPS for the current year.

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Caretrust REIT Company 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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