NumerixS Investment Technologies Inc Purchases 7,816 Shares of Caretrust REIT Inc (NASDAQ:CTRE)

NumerixS Investment Technologies Inc lifted its holdings in shares of Caretrust REIT Inc (NASDAQ:CTRE) by 162.8% during the first quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 12,616 shares of the real estate investment trust’s stock after acquiring an additional 7,816 shares during the quarter. NumerixS Investment Technologies Inc’s holdings in Caretrust REIT were worth $296,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors have also made changes to their positions in the company. BlackRock Inc. grew its holdings in shares of Caretrust REIT by 6.0% during the first quarter. BlackRock Inc. now owns 16,998,314 shares of the real estate investment trust’s stock valued at $398,781,000 after purchasing an additional 955,883 shares during the last quarter. American Century Companies Inc. increased its holdings in shares of Caretrust REIT by 62.6% in the fourth quarter. American Century Companies Inc. now owns 1,844,731 shares of the real estate investment trust’s stock valued at $34,054,000 after buying an additional 710,291 shares in the last quarter. Northern Trust Corp increased its holdings in shares of Caretrust REIT by 30.6% in the fourth quarter. Northern Trust Corp now owns 1,821,443 shares of the real estate investment trust’s stock valued at $33,625,000 after buying an additional 426,653 shares in the last quarter. Centersquare Investment Management LLC increased its holdings in shares of Caretrust REIT by 11,620.8% in the first quarter. Centersquare Investment Management LLC now owns 1,726,830 shares of the real estate investment trust’s stock valued at $174,000 after buying an additional 1,712,097 shares in the last quarter. Finally, Weiss Multi Strategy Advisers LLC increased its holdings in shares of Caretrust REIT by 78.0% in the fourth quarter. Weiss Multi Strategy Advisers LLC now owns 1,424,040 shares of the real estate investment trust’s stock valued at $26,288,000 after buying an additional 624,040 shares in the last quarter. 84.72% of the stock is currently owned by institutional investors and hedge funds.

CTRE has been the topic of several recent analyst reports. BidaskClub raised shares of Caretrust REIT from a “hold” rating to a “buy” rating in a research note on Friday, May 3rd. Raymond James downgraded shares of Caretrust REIT from a “strong-buy” rating to a “market perform” rating and set a $25.00 price target on the stock. in a research note on Friday, May 31st. Zacks Investment Research raised shares of Caretrust REIT from a “hold” rating to a “buy” rating and set a $27.00 price target on the stock in a research note on Thursday, May 9th. BMO Capital Markets upped their price target on shares of Caretrust REIT from $22.00 to $25.00 and gave the stock an “outperform” rating in a research note on Tuesday, April 9th. Finally, Stifel Nicolaus set a $26.00 price target on shares of Caretrust REIT and gave the stock a “buy” rating in a research note on Wednesday, May 8th. Four investment analysts have rated the stock with a hold rating and six have issued a buy rating to the company. The company has a consensus rating of “Buy” and a consensus price target of $23.00.

Shares of NASDAQ CTRE traded down $0.37 during mid-day trading on Monday, hitting $23.41. The company had a trading volume of 1,099,183 shares, compared to its average volume of 966,186. The company has a debt-to-equity ratio of 0.84, a quick ratio of 15.94 and a current ratio of 15.94. The firm’s 50-day moving average price is $24.56. Caretrust REIT Inc has a 12 month low of $16.29 and a 12 month high of $25.54. The company has a market cap of $2.24 billion, a price-to-earnings ratio of 18.29 and a beta of 0.79.

Caretrust REIT (NASDAQ:CTRE) last posted its quarterly earnings results on Tuesday, May 7th. The real estate investment trust reported $0.18 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.32 by ($0.14). The business had revenue of $39.66 million during the quarter, compared to analyst estimates of $40.79 million. Caretrust REIT had a return on equity of 8.08% and a net margin of 37.46%. The business’s revenue for the quarter was up 4.1% on a year-over-year basis. During the same period last year, the company earned $0.32 EPS. Analysts anticipate that Caretrust REIT Inc will post 1.39 EPS for the current fiscal year.

The business also recently declared a quarterly dividend, which will be paid on Monday, July 15th. Stockholders of record on Friday, June 28th will be paid a dividend of $0.225 per share. The ex-dividend date of this dividend is Thursday, June 27th. This represents a $0.90 annualized dividend and a dividend yield of 3.84%. Caretrust REIT’s dividend payout ratio (DPR) is currently 70.31%.

Caretrust REIT 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 199 net-leased healthcare properties and three operated seniors housing properties in 27 states, CareTrust 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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Institutional Ownership by Quarter for Caretrust REIT (NASDAQ:CTRE)

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