Virginia Retirement Systems ET AL boosted its position in CareTrust REIT, Inc. (NASDAQ:CTRE) by 299.5% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 77,100 shares of the real estate investment trust’s stock after buying an additional 57,800 shares during the period. Virginia Retirement Systems ET AL owned about 0.10% of CareTrust REIT worth $1,429,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently modified their holdings of CTRE. Daiwa Securities Group Inc. increased its stake in shares of 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 valued at $122,000 after buying an additional 1,300 shares in the last quarter. LS Investment Advisors LLC increased its stake in shares of CareTrust REIT by 231.5% in the first quarter. LS Investment Advisors LLC now owns 6,924 shares of the real estate investment trust’s stock valued at $116,000 after buying an additional 4,835 shares in the last quarter. State of Alaska Department of Revenue increased its stake in shares of CareTrust REIT by 4.6% in the first quarter. State of Alaska Department of Revenue now owns 7,310 shares of the real estate investment trust’s stock valued at $122,000 after buying an additional 320 shares in the last quarter. SG Americas Securities LLC bought a new stake in shares of CareTrust REIT during the second quarter valued at $191,000. Finally, Mitsubishi UFJ Kokusai Asset Management Co. Ltd. increased its stake in shares of CareTrust REIT by 11.0% in the second quarter. Mitsubishi UFJ Kokusai Asset Management Co. Ltd. now owns 10,840 shares of the real estate investment trust’s stock valued at $201,000 after buying an additional 1,075 shares in the last quarter. Institutional investors own 89.43% of the company’s stock.

Shares of CareTrust REIT, Inc. (NASDAQ:CTRE) opened at 19.40 on Friday. CareTrust REIT, Inc. has a 12 month low of $12.70 and a 12 month high of $19.86. The stock’s 50 day moving average is $18.55 and its 200 day moving average is $17.63. The stock has a market cap of $1.47 billion, a P/E ratio of 45.01 and a beta of 0.87.

WARNING: “Virginia Retirement Systems ET AL Purchases 57,800 Shares of CareTrust REIT, Inc. (CTRE)” was published by Watch List News and is the sole property of of Watch List News. If you are reading this piece on another website, it was illegally stolen and reposted in violation of United States and international copyright laws. The original version of this piece can be accessed at https://www.watchlistnews.com/virginia-retirement-systems-et-al-purchases-57800-shares-of-caretrust-reit-inc-ctre/1537497.html.

CTRE has been the subject of several recent analyst reports. TheStreet upgraded shares of CareTrust REIT from a “c” rating to a “b” rating in a research report on Friday, May 5th. BMO Capital Markets set a $18.00 price objective on shares of CareTrust REIT and gave the stock a “buy” rating in a research report on Monday, May 15th. Zacks Investment Research upgraded shares of CareTrust REIT from a “hold” rating to a “buy” rating and set a $20.00 price objective for the company in a research report on Tuesday, May 16th. Raymond James Financial, Inc. restated an “outperform” rating and set a $19.00 price objective (up previously from $17.00) on shares of CareTrust REIT in a research report on Wednesday, May 17th. Finally, BidaskClub upgraded shares of CareTrust REIT from a “buy” rating to a “strong-buy” rating in a research report on Thursday, June 15th. One investment analyst has rated the stock with a sell rating, four have issued a hold rating and five have assigned a buy rating to the company. The stock presently has a consensus rating of “Hold” and a consensus price target of $18.25.

About CareTrust REIT

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.

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.