William Blair Investment Management LLC decreased its holdings in shares of CareTrust REIT, Inc. (NYSE:CTRE – Free Report) by 9.3% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 835,850 shares of the company’s stock after selling 85,482 shares during the period. William Blair Investment Management LLC’s holdings in CareTrust REIT were worth $30,224,000 at the end of the most recent reporting period.
Other institutional investors and hedge funds also recently made changes to their positions in the company. Principal Financial Group Inc. boosted its position in shares of CareTrust REIT by 7.5% during the 4th quarter. Principal Financial Group Inc. now owns 1,328,660 shares of the company’s stock valued at $48,044,000 after purchasing an additional 93,101 shares in the last quarter. Aberdeen Group plc boosted its position in shares of CareTrust REIT by 22.1% during the 3rd quarter. Aberdeen Group plc now owns 84,824 shares of the company’s stock valued at $2,911,000 after purchasing an additional 15,374 shares in the last quarter. AGF Management Ltd. bought a new stake in shares of CareTrust REIT during the 3rd quarter valued at about $538,000. Sound Income Strategies LLC boosted its position in shares of CareTrust REIT by 6.4% during the 4th quarter. Sound Income Strategies LLC now owns 621,732 shares of the company’s stock valued at $23,477,000 after purchasing an additional 37,503 shares in the last quarter. Finally, BI Asset Management Fondsmaeglerselskab A S boosted its position in shares of CareTrust REIT by 545.9% during the 3rd quarter. BI Asset Management Fondsmaeglerselskab A S now owns 80,239 shares of the company’s stock valued at $2,783,000 after purchasing an additional 67,817 shares in the last quarter. Institutional investors own 87.77% of the company’s stock.
CareTrust REIT Stock Up 0.1%
CTRE stock opened at $41.19 on Monday. CareTrust REIT, Inc. has a twelve month low of $27.81 and a twelve month high of $43.08. The company has a quick ratio of 2.37, a current ratio of 2.38 and a debt-to-equity ratio of 0.22. The stock’s 50 day moving average is $39.25 and its 200-day moving average is $38.20. The firm has a market capitalization of $9.73 billion, a PE ratio of 26.40, a P/E/G ratio of 2.72 and a beta of 0.76.
CareTrust REIT Increases Dividend
Analysts Set New Price Targets
Several equities research analysts recently commented on the company. Weiss Ratings upgraded CareTrust REIT from a “buy (b+)” rating to a “buy (a-)” rating in a research report on Monday, January 26th. Wells Fargo & Company upped their price target on CareTrust REIT from $41.00 to $42.00 and gave the stock an “overweight” rating in a research note on Thursday, March 26th. Mizuho set a $45.00 price target on CareTrust REIT in a research note on Friday. UBS Group upped their price target on CareTrust REIT from $44.00 to $48.00 and gave the stock a “buy” rating in a research note on Wednesday, February 18th. Finally, Zacks Research downgraded CareTrust REIT from a “hold” rating to a “strong sell” rating in a research note on Wednesday, March 25th. Three research analysts have rated the stock with a Strong Buy rating, eight have assigned a Buy rating, one has issued a Hold rating and one has given a Sell rating to the company. According to MarketBeat, CareTrust REIT currently has a consensus rating of “Buy” and a consensus price target of $43.09.
Get Our Latest Analysis on CTRE
CareTrust REIT Company Profile
CareTrust REIT, Inc is a real estate investment trust based in Deerfield Beach, Florida, specializing in the ownership, acquisition and management of net-leased healthcare properties. The company primarily focuses on seniors housing and post-acute care facilities, entering into long-term, triple-net lease agreements with leading operators in the skilled nursing, assisted living, memory care, inpatient rehabilitation and specialty hospital sectors. Through its portfolio, CareTrust REIT aims to provide investors with stable and predictable rental income while supporting the ongoing demand for quality healthcare real estate across the United States.
Since its initial public offering in September 2013, CareTrust REIT has pursued a disciplined acquisition strategy, targeting properties in primary and select secondary markets.
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