Riverhead Capital Management LLC boosted its holdings in CareTrust REIT, Inc. (NASDAQ:CTRE) by 90.7% in the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 5,529 shares of the real estate investment trust’s stock after purchasing an additional 2,629 shares during the period. Riverhead Capital Management LLC’s holdings in CareTrust REIT were worth $103,000 at the end of the most recent reporting period.

Other institutional investors have also bought and sold shares of the company. GAM Holding AG lifted its stake in CareTrust REIT by 19.6% in the second quarter. GAM Holding AG now owns 6,100 shares of the real estate investment trust’s stock worth $113,000 after purchasing an additional 1,000 shares during the last quarter. Zurcher Kantonalbank Zurich Cantonalbank lifted its stake in CareTrust REIT by 7.5% in the second quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 6,277 shares of the real estate investment trust’s stock worth $116,000 after purchasing an additional 437 shares during the last quarter. Daiwa Securities Group Inc. lifted its stake in CareTrust REIT by 24.5% in the second quarter. Daiwa Securities Group Inc. now owns 6,606 shares of the real estate investment trust’s stock worth $122,000 after purchasing an additional 1,300 shares during the last quarter. LS Investment Advisors LLC lifted its stake in CareTrust REIT by 2.0% in the second quarter. LS Investment Advisors LLC now owns 7,062 shares of the real estate investment trust’s stock worth $131,000 after purchasing an additional 138 shares during the last quarter. Finally, Schroder Investment Management Group bought a new stake in CareTrust REIT in the second quarter worth $183,000. 89.39% of the stock is owned by institutional investors and hedge funds.

Several research firms have weighed in on CTRE. BidaskClub raised shares of CareTrust REIT from a “buy” rating to a “strong-buy” rating in a research note on Thursday, June 15th. Zacks Investment Research raised shares of CareTrust REIT from a “sell” rating to a “hold” rating in a research note on Tuesday, September 19th. BMO Capital Markets downgraded shares of CareTrust REIT from an “outperform” rating to a “market perform” rating and upped their price objective for the company from $18.00 to $20.00 in a research note on Tuesday, June 20th. Finally, KeyCorp reaffirmed a “buy” rating and set a $20.00 price objective on shares of CareTrust REIT in a research note on Friday, August 25th. Five investment analysts have rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and an average price target of $18.57.

CareTrust REIT, Inc. (NASDAQ:CTRE) opened at 18.73 on Friday. CareTrust REIT, Inc. has a 52 week low of $12.70 and a 52 week high of $19.86.

The company also recently declared a quarterly dividend, which will be paid on Friday, October 13th. Investors of record on Friday, September 29th will be paid a dividend of $0.185 per share. The ex-dividend date is Thursday, September 28th. This represents a $0.74 dividend on an annualized basis and a dividend yield of 3.95%. CareTrust REIT’s dividend payout ratio is presently 164.45%.

ILLEGAL ACTIVITY NOTICE: “Riverhead Capital Management LLC Acquires 2,629 Shares of CareTrust REIT, Inc. (CTRE)” was first published by Watch List News and is the sole property of of Watch List News. If you are reading this news story on another website, it was stolen and reposted in violation of US and international copyright & trademark laws. The correct version of this news story can be accessed at https://www.watchlistnews.com/riverhead-capital-management-llc-acquires-2629-shares-of-caretrust-reit-inc-ctre/1614491.html.

CareTrust REIT 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.

Want to see what other hedge funds are holding CTRE? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for CareTrust REIT, Inc. (NASDAQ:CTRE).

Institutional Ownership by Quarter for CareTrust REIT (NASDAQ:CTRE)

Receive News & Ratings for CareTrust REIT Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for CareTrust REIT Inc. and related companies with Analyst Ratings Network's FREE daily email newsletter.