CareTrust REIT, Inc. (CTRE) Shares Bought by Credit Agricole S A

Credit Agricole S A increased its stake in CareTrust REIT, Inc. (NASDAQ:CTRE) by 984.5% during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 146,741 shares of the real estate investment trust’s stock after buying an additional 133,210 shares during the period. Credit Agricole S A owned approximately 0.20% of CareTrust REIT worth $2,468,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Municipal Employees Retirement System of Michigan increased its position in CareTrust REIT by 1.0% in the first quarter. Municipal Employees Retirement System of Michigan now owns 43,200 shares of the real estate investment trust’s stock valued at $727,000 after buying an additional 430 shares during the period. Alliancebernstein L.P. increased its position in CareTrust REIT by 3.7% in the first quarter. Alliancebernstein L.P. now owns 161,395 shares of the real estate investment trust’s stock valued at $2,715,000 after buying an additional 5,830 shares during the period. Westpac Banking Corp increased its position in CareTrust REIT by 167.1% in the first quarter. Westpac Banking Corp now owns 729,185 shares of the real estate investment trust’s stock valued at $9,261,000 after buying an additional 456,228 shares during the period. WBI Investments Inc. increased its position in CareTrust REIT by 188.8% in the first quarter. WBI Investments Inc. now owns 128,554 shares of the real estate investment trust’s stock valued at $2,162,000 after buying an additional 84,036 shares during the period. Finally, Arizona State Retirement System increased its position in CareTrust REIT by 3.9% in the first quarter. Arizona State Retirement System now owns 34,483 shares of the real estate investment trust’s stock valued at $580,000 after buying an additional 1,300 shares during the period. Hedge funds and other institutional investors own 86.92% of the company’s stock.

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

CareTrust REIT, Inc. (NASDAQ CTRE) traded down 0.77% during mid-day trading on Tuesday, reaching $19.28. 75,550 shares of the company’s stock were exchanged. The firm’s 50-day moving average is $18.12 and its 200 day moving average is $16.40. The stock has a market capitalization of $1.40 billion, a PE ratio of 34.61 and a beta of 0.90. CareTrust REIT, Inc. has a 1-year low of $12.70 and a 1-year high of $19.49.

The firm also recently announced a quarterly dividend, which will be paid on Friday, July 14th. Shareholders of record on Friday, June 30th will be given a dividend of $0.185 per share. This represents a $0.74 dividend on an annualized basis and a yield of 3.81%. The ex-dividend date of this dividend is Wednesday, June 28th.

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A number of analysts have commented on the stock. BMO Capital Markets downgraded shares of CareTrust REIT from an “outperform” rating to a “market perform” rating and increased their price objective for the company from $18.00 to $20.00 in a report on Tuesday. BidaskClub upgraded shares of CareTrust REIT from a “buy” rating to a “strong-buy” rating in a report on Thursday, June 15th. Canaccord Genuity increased their price objective on shares of CareTrust REIT from $18.00 to $19.00 and gave the company a “buy” rating in a report on Thursday, March 30th. TheStreet upgraded shares of CareTrust REIT from a “c” rating to a “b” rating in a report on Friday, May 5th. Finally, Zacks Investment Research upgraded shares of CareTrust REIT from a “sell” rating to a “hold” rating in a report on Thursday, May 4th. Five research analysts have rated the stock with a hold rating, four have assigned a buy rating and one has given a strong buy rating to the company’s stock. The company has an average rating of “Buy” and an average target price of $18.00.

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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