Citadel Advisors LLC increased its holdings in Caretrust REIT Inc (NASDAQ:CTRE) by 21.6% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 269,486 shares of the real estate investment trust’s stock after acquiring an additional 47,926 shares during the period. Citadel Advisors LLC’s holdings in Caretrust REIT were worth $4,773,000 at the end of the most recent reporting period.
A number of other institutional investors have also made changes to their positions in the stock. Principal Financial Group Inc. grew its holdings in 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 during the period. Aperio Group LLC grew its holdings in 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 during the period. Raymond James Financial Services Advisors Inc. purchased a new stake in Caretrust REIT in the second quarter worth about $424,000. Los Angeles Capital Management & Equity Research Inc. purchased a new stake in Caretrust REIT in the second quarter worth about $1,610,000. Finally, Wells Fargo & Company MN grew its holdings in 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 during the period. 90.85% of the stock is owned by hedge funds and other institutional investors.
NASDAQ:CTRE opened at $20.16 on Friday. Caretrust REIT Inc has a 52 week low of $12.73 and a 52 week high of $20.65. The company has a debt-to-equity ratio of 0.67, a quick ratio of 1.52 and a current ratio of 1.52. The company has a market cap of $1.69 billion, a PE ratio of 15.78, a PEG ratio of 3.16 and a beta of 0.76.
Caretrust REIT (NASDAQ:CTRE) last posted its quarterly earnings results on Monday, November 5th. The real estate investment trust reported $0.18 EPS for the quarter, missing the Zacks’ 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 analysts’ expectations of $39.37 million. During the same quarter in the previous year, the company earned $0.28 EPS. The company’s quarterly revenue was up 20.1% compared to the same quarter last year. As a group, equities analysts predict that Caretrust REIT Inc will post 1.28 earnings per share for the current fiscal year.
A number of equities research analysts have recently commented on CTRE shares. Zacks Investment Research upgraded shares of Caretrust REIT from a “sell” rating to a “hold” rating in a report on Wednesday, August 22nd. Cantor Fitzgerald reiterated a “buy” rating and set a $20.00 price target on shares of Caretrust REIT in a report on Monday, November 5th. 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 report on Tuesday. Finally, KeyCorp increased their price target on shares of Caretrust REIT from $16.00 to $20.00 and gave the company a “buy” rating in a report on Tuesday, August 21st. Four analysts have rated the stock with a hold rating, five have assigned a buy rating and one has given a strong buy rating to the company’s stock. The stock presently has a consensus rating of “Buy” and a consensus price target of $19.25.
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About Caretrust REIT
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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