Sit Investment Associates Inc. lowered its stake in shares of CareTrust REIT, Inc. (NYSE:CTRE – Free Report) by 11.9% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 235,270 shares of the company’s stock after selling 31,897 shares during the quarter. Sit Investment Associates Inc.’s holdings in CareTrust REIT were worth $8,507,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
A number of other institutional investors also recently bought and sold shares of CTRE. Kemnay Advisory Services Inc. purchased a new position in shares of CareTrust REIT during the 4th quarter worth approximately $27,000. Transamerica Financial Advisors LLC raised its position in shares of CareTrust REIT by 520.0% in 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. EverSource Wealth Advisors LLC lifted its stake in shares of CareTrust REIT by 134.2% in the 2nd quarter. EverSource Wealth Advisors LLC now owns 1,124 shares of the company’s stock valued at $34,000 after purchasing an additional 644 shares during the period. Heritage Wealth Advisors boosted its position in shares of CareTrust REIT by 42.9% during the third quarter. Heritage Wealth Advisors now owns 1,000 shares of the company’s stock valued at $35,000 after purchasing an additional 300 shares in the last quarter. Finally, Allworth Financial LP boosted its position in shares of CareTrust REIT by 114.0% during the third quarter. Allworth Financial LP now owns 1,042 shares of the company’s stock valued at $36,000 after purchasing an additional 555 shares in the last quarter. 87.77% of the stock is owned by institutional investors.
CareTrust REIT Trading Up 1.8%
CareTrust REIT stock opened at $37.02 on Friday. CareTrust REIT, Inc. has a one year low of $29.52 and a one year high of $43.08. The business’s fifty day moving average is $39.38 and its 200 day moving average is $38.47. The stock has a market capitalization of $8.75 billion, a PE ratio of 23.73, a price-to-earnings-growth ratio of 1.65 and a beta of 0.76. The company has a debt-to-equity ratio of 0.22, a current ratio of 2.38 and a quick ratio of 2.37.
CareTrust REIT Dividend Announcement
Analysts Set New Price Targets
A number of equities analysts have issued reports on the company. KeyCorp reiterated an “overweight” rating and issued a $46.00 price objective on shares of CareTrust REIT in a report on Friday, May 29th. Weiss Ratings downgraded shares of CareTrust REIT from a “buy (a-)” rating to a “buy (b+)” rating in a research report on Thursday, June 11th. Raymond James Financial initiated coverage on shares of CareTrust REIT in a research note on Tuesday. They issued an “outperform” rating and a $43.00 price target for the company. Mizuho set a $45.00 price target on shares of CareTrust REIT in a research report on Friday, May 22nd. Finally, Wells Fargo & Company boosted their price objective on shares of CareTrust REIT from $42.00 to $47.00 and gave the stock an “overweight” rating in a research note on Monday, June 1st. One investment analyst has rated the stock with a Strong Buy rating, ten have given a Buy rating and two have given a Hold rating to the company’s stock. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of $44.82.
View Our Latest Stock Report 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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