Citadel Advisors LLC increased its stake in Caretrust REIT Inc (NASDAQ:CTRE) by 21.6% during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 269,486 shares of the real estate investment trust’s stock after purchasing an additional 47,926 shares during the quarter. Citadel Advisors LLC owned 0.32% of Caretrust REIT worth $4,773,000 at the end of the most recent quarter.
A number of other hedge funds also recently modified their holdings of CTRE. Principal Financial Group Inc. grew its stake in shares of Caretrust REIT by 3.1% in the first quarter. Principal Financial Group Inc. now owns 683,847 shares of the real estate investment trust’s stock worth $9,163,000 after purchasing an additional 20,416 shares in the last quarter. Aperio Group LLC grew its stake in shares of Caretrust REIT by 26.5% in the second quarter. Aperio Group LLC now owns 21,699 shares of the real estate investment trust’s stock worth $362,000 after purchasing an additional 4,543 shares in the last quarter. Raymond James Financial Services Advisors Inc. bought a new position in shares of Caretrust REIT in the second quarter worth $424,000. Los Angeles Capital Management & Equity Research Inc. bought a new position in shares of Caretrust REIT in the second quarter worth $1,610,000. Finally, Wells Fargo & Company MN grew its stake in shares of Caretrust REIT by 112.1% in the second quarter. Wells Fargo & Company MN now owns 511,822 shares of the real estate investment trust’s stock worth $8,542,000 after purchasing an additional 270,554 shares in the last quarter. Institutional investors own 90.85% of the company’s stock.
Shares of CTRE stock opened at $20.16 on Friday. Caretrust REIT Inc has a fifty-two week low of $12.73 and a fifty-two week high of $20.65. The stock has a market cap of $1.69 billion, a P/E ratio of 15.78, a PEG ratio of 3.16 and a beta of 0.76. The company has a quick ratio of 1.52, a current ratio of 1.52 and a debt-to-equity ratio of 0.67.
Caretrust REIT (NASDAQ:CTRE) last announced its earnings results on Monday, November 5th. The real estate investment trust reported $0.18 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.32 by ($0.14). Caretrust REIT had a net margin of 29.14% and a return on equity of 7.01%. The firm had revenue of $39.50 million for the quarter, compared to the consensus estimate of $39.37 million. During the same period in the prior year, the business earned $0.28 EPS. The company’s quarterly revenue was up 20.1% compared to the same quarter last year. As a group, sell-side analysts predict that Caretrust REIT Inc will post 1.28 EPS for the current fiscal year.
Several research analysts recently weighed in on the company. BidaskClub cut Caretrust REIT from a “buy” rating to a “hold” rating in a research note on Saturday, September 1st. KeyCorp raised their target price on Caretrust REIT from $16.00 to $20.00 and gave the company a “buy” rating in a research note on Tuesday, August 21st. Zacks Investment Research raised Caretrust REIT from a “hold” rating to a “buy” rating and set a $19.00 target price for the company in a research note on Friday, October 5th. ValuEngine raised Caretrust REIT from a “sell” rating to a “hold” rating in a research note on Tuesday, October 9th. Finally, Cantor Fitzgerald reaffirmed a “buy” rating and set a $20.00 target price on shares of Caretrust REIT in a research note on Monday, October 29th. Four equities research analysts have rated the stock with a hold rating, five have given a buy rating and one has given a strong buy rating to the company. The company has an average rating of “Buy” and a consensus price target 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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