State of Tennessee Treasury Department cut its holdings in CareTrust REIT, Inc. (NASDAQ:CTRE) by 5.9% in the third quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 62,377 shares of the real estate investment trust’s stock after selling 3,943 shares during the quarter. State of Tennessee Treasury Department owned about 0.08% of CareTrust REIT worth $1,188,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also bought and sold shares of the business. Forsta AP Fonden lifted its stake in CareTrust REIT by 50.7% in the third quarter. Forsta AP Fonden now owns 40,700 shares of the real estate investment trust’s stock valued at $775,000 after acquiring an additional 13,700 shares during the last quarter. New York State Teachers Retirement System lifted its stake in CareTrust REIT by 2.6% in the third quarter. New York State Teachers Retirement System now owns 128,681 shares of the real estate investment trust’s stock valued at $2,450,000 after acquiring an additional 3,300 shares during the last quarter. Crossmark Global Holdings Inc. acquired a new stake in CareTrust REIT in the third quarter valued at approximately $399,000. First Trust Advisors LP lifted its stake in CareTrust REIT by 45.3% in the third quarter. First Trust Advisors LP now owns 110,897 shares of the real estate investment trust’s stock valued at $2,111,000 after acquiring an additional 34,570 shares during the last quarter. Finally, Strs Ohio lifted its stake in CareTrust REIT by 2.5% in the third quarter. Strs Ohio now owns 116,247 shares of the real estate investment trust’s stock valued at $2,213,000 after acquiring an additional 2,858 shares during the last quarter. Hedge funds and other institutional investors own 91.41% of the company’s stock.

CTRE has been the subject of a number of analyst reports. KeyCorp reiterated a “buy” rating and issued a $20.00 target price on shares of CareTrust REIT in a research note on Friday, August 25th. BidaskClub upgraded shares of CareTrust REIT from a “hold” rating to a “buy” rating in a research note on Saturday, August 19th. Zacks Investment Research upgraded shares of CareTrust REIT from a “sell” rating to a “buy” rating and set a $21.00 price objective for the company in a research note on Tuesday, October 24th. Capital One Financial Corporation initiated coverage on shares of CareTrust REIT in a research note on Monday, October 23rd. They issued an “equal weight” rating and a $21.00 price objective for the company. Finally, BMO Capital Markets restated a “hold” rating and issued a $20.00 price objective on shares of CareTrust REIT in a research note on Thursday, November 9th. Five research analysts have rated the stock with a hold rating and four have given a buy rating to the company’s stock. CareTrust REIT currently has a consensus rating of “Hold” and an average target price of $19.38.

Shares of CareTrust REIT, Inc. (NASDAQ:CTRE) opened at $18.76 on Friday. The company has a debt-to-equity ratio of 0.81, a current ratio of 1.60 and a quick ratio of 1.60. CareTrust REIT, Inc. has a one year low of $13.89 and a one year high of $19.86. The firm has a market cap of $1,424.31, a price-to-earnings ratio of 16.17, a PEG ratio of 4.03 and a beta of 0.83.

CareTrust REIT (NASDAQ:CTRE) last issued its quarterly earnings data on Wednesday, November 8th. The real estate investment trust reported $0.28 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.29 by ($0.01). CareTrust REIT had a return on equity of 5.76% and a net margin of 25.68%. The firm had revenue of $32.90 million during the quarter, compared to analyst estimates of $32.91 million. During the same quarter in the previous year, the firm posted $0.28 earnings per share. CareTrust REIT’s quarterly revenue was up 21.4% compared to the same quarter last year. research analysts anticipate that CareTrust REIT, Inc. will post 1.16 EPS for the current fiscal year.

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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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