Crossmark Global Holdings Inc. acquired a new stake in CareTrust REIT, Inc. (NASDAQ:CTRE) during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The firm acquired 20,976 shares of the real estate investment trust’s stock, valued at approximately $399,000.
Other large investors have also recently modified their holdings of the company. Citigroup Inc. lifted its position in CareTrust REIT by 12.3% in the 2nd quarter. Citigroup Inc. now owns 81,318 shares of the real estate investment trust’s stock valued at $1,508,000 after purchasing an additional 8,909 shares during the last quarter. IndexIQ Advisors LLC increased its stake in CareTrust REIT by 22.7% during the 2nd quarter. IndexIQ Advisors LLC now owns 86,619 shares of the real estate investment trust’s stock valued at $1,606,000 after buying an additional 15,999 shares during the period. BNP Paribas Arbitrage SA increased its stake in CareTrust REIT by 27.6% during the 2nd quarter. BNP Paribas Arbitrage SA now owns 45,843 shares of the real estate investment trust’s stock valued at $850,000 after buying an additional 9,918 shares during the period. Fiera Capital Corp acquired a new position in CareTrust REIT during the 2nd quarter valued at about $11,946,000. Finally, BlackRock Inc. increased its stake in CareTrust REIT by 7.0% during the 2nd quarter. BlackRock Inc. now owns 9,911,033 shares of the real estate investment trust’s stock valued at $183,750,000 after buying an additional 645,109 shares during the period. Hedge funds and other institutional investors own 91.41% of the company’s stock.
CareTrust REIT, Inc. (NASDAQ:CTRE) opened at $18.76 on Friday. The company has a market cap of $1,424.31, a PE ratio of 16.17, a price-to-earnings-growth ratio of 4.03 and a beta of 0.83. The company has a debt-to-equity ratio of 0.81, a quick ratio of 1.60 and a current ratio of 1.60. CareTrust REIT, Inc. has a 52 week low of $13.89 and a 52 week high of $19.86.
CareTrust REIT (NASDAQ:CTRE) last announced its quarterly earnings data on Wednesday, November 8th. The real estate investment trust reported $0.28 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.29 by ($0.01). The business had revenue of $32.90 million during the quarter, compared to analyst estimates of $32.91 million. CareTrust REIT had a return on equity of 5.76% and a net margin of 25.68%. The business’s revenue for the quarter was up 21.4% on a year-over-year basis. During the same period in the prior year, the firm earned $0.28 EPS. equities research analysts forecast that CareTrust REIT, Inc. will post 1.16 earnings per share for the current year.
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Several research firms have commented on CTRE. Capital One Financial Corporation began coverage on shares of CareTrust REIT in a research note on Monday, October 23rd. They set an “equal weight” rating and a $21.00 target price on the stock. BMO Capital Markets reissued a “hold” rating and set a $20.00 target price on shares of CareTrust REIT in a research note on Thursday, November 9th. Zacks Investment Research raised shares of CareTrust REIT from a “sell” rating to a “hold” rating in a research note on Tuesday, September 19th. KeyCorp set a $20.00 target price on shares of CareTrust REIT and gave the company a “buy” rating in a research note on Sunday, October 29th. Finally, BidaskClub raised shares of CareTrust REIT from a “hold” rating to a “buy” rating in a research note on Saturday, August 19th. Five equities research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. The company presently has a consensus rating of “Hold” and an average price target of $19.38.
About CareTrust REIT
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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