CareTrust REIT Inc. (CTRE) Position Held by Swiss National Bank
Swiss National Bank maintained its stake in shares of CareTrust REIT Inc. (NASDAQ:CTRE) during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 94,349 shares of the real estate investment trust’s stock at the end of the second quarter. Swiss National Bank owned 0.16% of CareTrust REIT worth $1,300,000 as of its most recent filing with the SEC.
Other large investors have also recently made changes to their positions in the company. Texas Permanent School Fund raised its stake in shares of CareTrust REIT by 12.4% in the first quarter. Texas Permanent School Fund now owns 44,861 shares of the real estate investment trust’s stock valued at $570,000 after buying an additional 4,935 shares in the last quarter. Prudential Financial Inc. raised its stake in shares of CareTrust REIT by 21.5% in the first quarter. Prudential Financial Inc. now owns 133,053 shares of the real estate investment trust’s stock valued at $1,690,000 after buying an additional 23,500 shares in the last quarter. BlackRock Inc. raised its stake in shares of CareTrust REIT by 43.2% in the first quarter. BlackRock Inc. now owns 455,369 shares of the real estate investment trust’s stock valued at $5,783,000 after buying an additional 137,484 shares in the last quarter. BlackRock Group LTD raised its stake in shares of CareTrust REIT by 512.4% in the first quarter. BlackRock Group LTD now owns 366,170 shares of the real estate investment trust’s stock valued at $4,650,000 after buying an additional 306,375 shares in the last quarter. Finally, BlackRock Fund Advisors raised its stake in shares of CareTrust REIT by 10.3% in the first quarter. BlackRock Fund Advisors now owns 3,686,370 shares of the real estate investment trust’s stock valued at $46,817,000 after buying an additional 343,602 shares in the last quarter. Institutional investors own 82.52% of the company’s stock.
Shares of CareTrust REIT Inc. (NASDAQ:CTRE) traded up 0.34% on Friday, reaching $14.78. The company had a trading volume of 479,225 shares. The firm has a market capitalization of $855.69 million, a PE ratio of 38.39 and a beta of 0.94. CareTrust REIT Inc. has a 52-week low of $9.12 and a 52-week high of $15.88. The company has a 50-day moving average price of $14.88 and a 200-day moving average price of $13.77.
CareTrust REIT (NASDAQ:CTRE) last released its quarterly earnings data on Monday, August 8th. The real estate investment trust reported $0.27 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.26 by $0.01. The firm earned $25.70 million during the quarter, compared to analysts’ expectations of $23.68 million. CareTrust REIT had a return on equity of 6.02% and a net margin of 20.97%. The business’s revenue for the quarter was up 47.9% on a year-over-year basis. During the same quarter last year, the firm earned $0.25 earnings per share. Equities research analysts forecast that CareTrust REIT Inc. will post $1.10 EPS for the current fiscal year.
The company also recently disclosed a quarterly dividend, which will be paid on Friday, October 14th. Investors of record on Friday, September 30th will be given a dividend of $0.17 per share. The ex-dividend date is Wednesday, September 28th. This represents a $0.68 dividend on an annualized basis and a yield of 4.60%. CareTrust REIT’s payout ratio is 44.44%.
CTRE has been the subject of several research analyst reports. Zacks Investment Research lowered CareTrust REIT from a “hold” rating to a “sell” rating in a research note on Wednesday, June 8th. Wells Fargo & Co. began coverage on CareTrust REIT in a research note on Tuesday, July 26th. They issued a “market perform” rating for the company. Canaccord Genuity increased their target price on CareTrust REIT from $16.00 to $18.00 and gave the company a “buy” rating in a research note on Monday, August 15th. Barclays PLC began coverage on CareTrust REIT in a research note on Monday, August 22nd. They issued an “equal weight” rating and a $16.00 target price for the company. Finally, Raymond James Financial Inc. began coverage on CareTrust REIT in a research note on Thursday, August 25th. They issued an “outperform” rating and a $13.50 target price for the company. Three equities research analysts have rated the stock with a hold rating and five have issued a buy rating to the stock. The stock presently has an average rating of “Buy” and a consensus price target of $15.75.
About CareTrust REIT
CareTrust REIT, Inc is a self-administered, self-managed real estate investment trust (REIT). The Company is primarily engaged in the ownership, acquisition and leasing of healthcare-related properties. The Company’s segment consists of investments in healthcare-related real estate assets. The Company’s real estate portfolio includes approximately 120 skilled nursing facilities (SNFs), assisted living facilities (ALFs) and independent living facilities (ILFs).
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