Bailard Inc. Increases Stock Position in Caretrust REIT Inc (NASDAQ:CTRE)

Bailard Inc. lifted its holdings in shares of Caretrust REIT Inc (NASDAQ:CTRE) by 12.9% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 14,000 shares of the real estate investment trust’s stock after buying an additional 1,600 shares during the quarter. Bailard Inc.’s holdings in Caretrust REIT were worth $329,000 at the end of the most recent quarter.

Several other hedge funds have also made changes to their positions in the stock. Nelson Van Denburg & Campbell Wealth Management Group LLC bought a new stake in Caretrust REIT during the 2nd quarter worth approximately $71,000. BlackRock Inc. increased its holdings in Caretrust REIT by 9.8% during the 2nd quarter. BlackRock Inc. now owns 18,664,330 shares of the real estate investment trust’s stock worth $443,836,000 after acquiring an additional 1,666,016 shares during the period. Tower Research Capital LLC TRC bought a new stake in Caretrust REIT during the 2nd quarter worth approximately $197,000. Nordea Investment Management AB bought a new stake in Caretrust REIT during the 1st quarter worth approximately $4,305,000. Finally, Aperio Group LLC increased its holdings in Caretrust REIT by 18.9% during the 2nd quarter. Aperio Group LLC now owns 31,141 shares of the real estate investment trust’s stock worth $741,000 after acquiring an additional 4,942 shares during the period. Institutional investors own 89.42% of the company’s stock.

Shares of NASDAQ:CTRE opened at $23.91 on Wednesday. The company’s fifty day moving average price is $23.55 and its 200-day moving average price is $23.86. The firm has a market capitalization of $2.31 billion, a price-to-earnings ratio of 18.68 and a beta of 0.67. Caretrust REIT Inc has a one year low of $16.94 and a one year high of $25.54. The company has a debt-to-equity ratio of 0.56, a current ratio of 0.97 and a quick ratio of 0.97.

Caretrust REIT (NASDAQ:CTRE) last issued its quarterly earnings results on Tuesday, August 6th. The real estate investment trust reported $0.21 EPS for the quarter, missing the Zacks’ consensus estimate of $0.35 by ($0.14). The company had revenue of $46.20 million during the quarter, compared to the consensus estimate of $43.23 million. Caretrust REIT had a return on equity of 8.08% and a net margin of 39.70%. Caretrust REIT’s quarterly revenue was up 18.6% on a year-over-year basis. During the same period in the previous year, the company earned $0.33 EPS. As a group, equities research analysts expect that Caretrust REIT Inc will post 1.35 EPS for the current year.

The firm also recently announced a — dividend, which was paid on Tuesday, October 15th. Investors of record on Monday, September 30th were issued a dividend of $0.225 per share. This represents a dividend yield of 3.9%. The ex-dividend date of this dividend was Friday, September 27th. Caretrust REIT’s dividend payout ratio is currently 70.31%.

A number of analysts recently weighed in on CTRE shares. Zacks Investment Research raised shares of Caretrust REIT from a “strong sell” rating to a “hold” rating in a report on Thursday, October 10th. ValuEngine lowered shares of Caretrust REIT from a “buy” rating to a “hold” rating in a report on Thursday, August 1st. Barclays started coverage on shares of Caretrust REIT in a report on Tuesday, September 3rd. They set an “overweight” rating and a $26.00 target price on the stock. Berenberg Bank started coverage on shares of Caretrust REIT in a report on Thursday, September 12th. They set a “buy” rating and a $29.00 target price on the stock. Finally, BidaskClub lowered shares of Caretrust REIT from a “buy” rating to a “hold” rating in a report on Saturday, October 12th. Four research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the stock. Caretrust REIT presently has an average rating of “Buy” and a consensus price target of $25.22.

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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