Fmr LLC decreased its position in Caretrust REIT Inc (NASDAQ:CTRE) by 6.2% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 9,681,405 shares of the real estate investment trust’s stock after selling 644,276 shares during the quarter. Fmr LLC owned approximately 11.54% of Caretrust REIT worth $171,458,000 at the end of the most recent reporting period.
Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Gagnon Securities LLC bought a new position in Caretrust REIT during the second quarter valued at about $201,000. Vident Investment Advisory LLC bought a new position in Caretrust REIT during the second quarter valued at about $208,000. Commonwealth of Pennsylvania Public School Empls Retrmt SYS bought a new position in Caretrust REIT during the second quarter valued at about $269,000. Macquarie Group Ltd. grew its position in Caretrust REIT by 25.8% during the second quarter. Macquarie Group Ltd. now owns 16,600 shares of the real estate investment trust’s stock valued at $277,000 after buying an additional 3,400 shares during the period. Finally, WINTON GROUP Ltd grew its position in Caretrust REIT by 33.2% during the third quarter. WINTON GROUP Ltd now owns 15,882 shares of the real estate investment trust’s stock valued at $281,000 after buying an additional 3,958 shares during the period. Hedge funds and other institutional investors own 90.85% of the company’s stock.
Shares of NASDAQ:CTRE opened at $20.16 on Friday. The company has a debt-to-equity ratio of 0.67, a current ratio of 1.52 and a quick ratio of 1.52. The stock has a market cap of $1.66 billion, a price-to-earnings ratio of 17.38, a price-to-earnings-growth ratio of 3.10 and a beta of 0.76. Caretrust REIT Inc has a twelve month low of $12.73 and a twelve month high of $20.65.
Caretrust REIT (NASDAQ:CTRE) last issued its earnings results on Monday, November 5th. The real estate investment trust reported $0.18 earnings per share for the quarter, missing analysts’ consensus estimates of $0.32 by ($0.14). The business had revenue of $39.50 million for the quarter, compared to the consensus estimate of $39.37 million. Caretrust REIT had a return on equity of 7.01% and a net margin of 29.14%. Caretrust REIT’s revenue for the quarter was up 20.1% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.28 EPS. Analysts predict that Caretrust REIT Inc will post 1.28 EPS for the current fiscal year.
Several research firms recently weighed in on CTRE. Zacks Investment Research lowered shares of Caretrust REIT from a “hold” rating to a “sell” rating in a research report on Monday, October 29th. Wells Fargo & Co increased their price target on shares of Caretrust REIT from $18.50 to $22.00 and gave the company an “outperform” rating in a research report on Tuesday. Stifel Nicolaus upgraded shares of Caretrust REIT from a “hold” rating to a “buy” rating and increased their price target for the company from $17.00 to $21.00 in a research report on Wednesday, November 28th. BidaskClub upgraded shares of Caretrust REIT from a “buy” rating to a “strong-buy” rating in a research report on Thursday, November 8th. Finally, Cantor Fitzgerald reiterated a “buy” rating and set a $20.00 target price on shares of Caretrust REIT in a research report on Monday, November 5th. Four research analysts have rated the stock with a hold rating, five have issued a buy rating and one has issued a strong buy rating to the company’s stock. The company has an average rating of “Buy” and an average target price of $19.25.
Caretrust REIT Company Profile
CareTrust REIT, Inc is a self-administered, publicly-traded real estate investment trust engaged in the ownership, acquisition and leasing of seniors housing and healthcare-related properties. With 189 net-leased healthcare properties and three operated seniors housing properties in 25 states, CareTrust REIT is pursuing opportunities across the nation to acquire properties that will be leased to a diverse group of local, regional and national seniors housing operators, healthcare services providers, and other healthcare-related businesses.
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