Strs Ohio raised its stake in Caretrust REIT Inc (NASDAQ:CTRE) by 2.8% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 119,500 shares of the real estate investment trust’s stock after purchasing an additional 3,253 shares during the period. Strs Ohio owned 0.16% of Caretrust REIT worth $2,002,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors and hedge funds also recently bought and sold shares of CTRE. Swiss National Bank grew its stake in shares of Caretrust REIT by 4.0% during the second quarter. Swiss National Bank now owns 110,249 shares of the real estate investment trust’s stock worth $2,044,000 after acquiring an additional 4,200 shares during the last quarter. Wells Fargo & Company MN grew its stake in shares of Caretrust REIT by 31.0% during the second quarter. Wells Fargo & Company MN now owns 202,131 shares of the real estate investment trust’s stock worth $3,747,000 after acquiring an additional 47,822 shares during the last quarter. Alliancebernstein L.P. grew its stake in shares of Caretrust REIT by 10.2% during the second quarter. Alliancebernstein L.P. now owns 177,895 shares of the real estate investment trust’s stock worth $3,298,000 after acquiring an additional 16,500 shares during the last quarter. Riverhead Capital Management LLC grew its stake in shares of Caretrust REIT by 90.7% during the second quarter. Riverhead Capital Management LLC now owns 5,529 shares of the real estate investment trust’s stock worth $103,000 after acquiring an additional 2,629 shares during the last quarter. Finally, TIAA CREF Investment Management LLC grew its stake in shares of Caretrust REIT by 19.0% during the second quarter. TIAA CREF Investment Management LLC now owns 346,734 shares of the real estate investment trust’s stock worth $6,428,000 after acquiring an additional 55,460 shares during the last quarter. Institutional investors own 90.58% of the company’s stock.

Shares of Caretrust REIT Inc (NASDAQ:CTRE) opened at $15.37 on Friday. The company has a current ratio of 1.60, a quick ratio of 1.60 and a debt-to-equity ratio of 0.81. Caretrust REIT Inc has a twelve month low of $14.71 and a twelve month high of $19.86. The company has a market capitalization of $1,165.41, a PE ratio of 32.70, a P/E/G ratio of 2.36 and a beta of 0.61.

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 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 for the quarter, compared to analyst estimates of $32.91 million. During the same period last year, the firm earned $0.28 EPS. The company’s revenue for the quarter was up 21.4% compared to the same quarter last year. analysts expect that Caretrust REIT Inc will post 1.16 EPS for the current fiscal year.

The company also recently announced a quarterly dividend, which was paid on Tuesday, January 16th. Investors of record on Friday, December 29th were issued a dividend of $0.185 per share. This represents a $0.74 dividend on an annualized basis and a dividend yield of 4.81%. The ex-dividend date of this dividend was Thursday, December 28th. Caretrust REIT’s dividend payout ratio (DPR) is 157.45%.

A number of brokerages have recently weighed in on CTRE. ValuEngine lowered Caretrust REIT from a “buy” rating to a “hold” rating in a research note on Friday. Capital One Financial restated an “equal weight” rating and set a $21.00 price target on shares of Caretrust REIT in a research note on Sunday, October 22nd. Stifel Nicolaus reaffirmed a “hold” rating and set a $19.00 target price (up previously from $17.00) on shares of Caretrust REIT in a report on Thursday, November 9th. BidaskClub downgraded Caretrust REIT from a “hold” rating to a “sell” rating in a report on Saturday, December 2nd. Finally, BMO Capital Markets reaffirmed a “hold” rating and set a $20.00 target price on shares of Caretrust REIT in a report on Thursday, November 9th. Two research analysts have rated the stock with a sell rating, four have issued a hold rating and five have issued a buy rating to the company. The company has a consensus rating of “Hold” and a consensus price target of $19.78.

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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)

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