Dockside LLC purchased a new position in shares of CareTrust REIT, Inc. (NYSE:CTRE – Free Report) during the 4th quarter, Holdings Channel.com reports. The firm purchased 43,677 shares of the company’s stock, valued at approximately $1,579,000.
Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Transamerica Financial Advisors LLC raised its stake in CareTrust REIT by 520.0% during the 4th quarter. Transamerica Financial Advisors LLC now owns 868 shares of the company’s stock worth $32,000 after acquiring an additional 728 shares in the last quarter. Heritage Wealth Advisors raised its stake in CareTrust REIT by 42.9% during the 3rd quarter. Heritage Wealth Advisors now owns 1,000 shares of the company’s stock worth $35,000 after acquiring an additional 300 shares in the last quarter. Allworth Financial LP raised its stake in CareTrust REIT by 114.0% during the 3rd quarter. Allworth Financial LP now owns 1,042 shares of the company’s stock worth $36,000 after acquiring an additional 555 shares in the last quarter. EverSource Wealth Advisors LLC raised its stake in CareTrust REIT by 134.2% during the 2nd quarter. EverSource Wealth Advisors LLC now owns 1,124 shares of the company’s stock worth $34,000 after acquiring an additional 644 shares in the last quarter. Finally, Eurizon Capital SGR S.p.A. acquired a new stake in CareTrust REIT during the 4th quarter worth $44,000. 87.77% of the stock is currently owned by institutional investors and hedge funds.
CareTrust REIT Trading Up 0.0%
Shares of CareTrust REIT stock opened at $36.76 on Friday. CareTrust REIT, Inc. has a 1 year low of $27.81 and a 1 year high of $43.08. The company has a debt-to-equity ratio of 0.22, a quick ratio of 2.37 and a current ratio of 2.38. The company has a market capitalization of $8.68 billion, a P/E ratio of 23.56, a PEG ratio of 1.67 and a beta of 0.76. The company’s fifty day moving average is $39.48 and its two-hundred day moving average is $38.48.
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CareTrust REIT 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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