Schwab Charles Investment Management Inc. raised its holdings in Caretrust REIT Inc (NASDAQ:CTRE) by 3.2% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 365,009 shares of the real estate investment trust’s stock after purchasing an additional 11,378 shares during the quarter. Schwab Charles Investment Management Inc. owned 0.48% of Caretrust REIT worth $6,118,000 as of its most recent filing with the Securities and Exchange Commission.
Other institutional investors and hedge funds have also made changes to their positions in the company. Amalgamated Bank purchased a new stake in Caretrust REIT in the 3rd quarter valued at approximately $197,000. Janus Henderson Group PLC purchased a new stake in Caretrust REIT in the 3rd quarter valued at approximately $197,000. Kayne Anderson Capital Advisors LP purchased a new stake in Caretrust REIT in the 3rd quarter valued at approximately $283,000. Commonwealth Equity Services Inc purchased a new stake in Caretrust REIT in the 3rd quarter valued at approximately $318,000. Finally, Schroder Investment Management Group boosted its holdings in Caretrust REIT by 94.6% in the 3rd quarter. Schroder Investment Management Group now owns 19,270 shares of the real estate investment trust’s stock valued at $365,000 after purchasing an additional 9,370 shares in the last quarter. 91.44% of the stock is currently owned by institutional investors.
A number of equities research analysts have weighed in on the company. Zacks Investment Research lowered Caretrust REIT from a “buy” rating to a “hold” rating in a report on Tuesday, November 21st. BidaskClub lowered Caretrust REIT from a “hold” rating to a “sell” rating in a report on Saturday, December 2nd. Wells Fargo & Co raised Caretrust REIT from a “market perform” rating to an “outperform” rating and set a $20.00 price objective on the stock in a report on Tuesday, December 19th. Stephens set a $19.00 price target on Caretrust REIT and gave the stock a “buy” rating in a research note on Friday, January 12th. Finally, ValuEngine lowered Caretrust REIT from a “buy” rating to a “hold” rating in a research note on Friday, February 2nd. Two investment analysts have rated the stock with a sell rating, five have assigned a hold rating and six have issued a buy rating to the company’s stock. The company presently has an average rating of “Hold” and a consensus target price of $18.45.
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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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