Louisiana State Employees Retirement System increased its position in shares of CareTrust REIT, Inc. (NASDAQ:CTRE) by 9.6% during the second quarter, Holdings Channel reports. The firm owned 29,578 shares of the real estate investment trust’s stock after buying an additional 2,600 shares during the period. Louisiana State Employees Retirement System’s holdings in CareTrust REIT were worth $548,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Dimensional Fund Advisors LP raised its position in shares of CareTrust REIT by 21.1% in the fourth quarter. Dimensional Fund Advisors LP now owns 707,995 shares of the real estate investment trust’s stock worth $10,846,000 after buying an additional 123,183 shares during the period. Renaissance Technologies LLC raised its position in shares of CareTrust REIT by 3.8% in the fourth quarter. Renaissance Technologies LLC now owns 167,500 shares of the real estate investment trust’s stock worth $2,566,000 after buying an additional 6,100 shares during the period. UBS Asset Management Americas Inc. raised its position in shares of CareTrust REIT by 95.5% in the fourth quarter. UBS Asset Management Americas Inc. now owns 66,002 shares of the real estate investment trust’s stock worth $1,011,000 after buying an additional 32,250 shares during the period. Teachers Advisors LLC raised its position in shares of CareTrust REIT by 9.0% in the fourth quarter. Teachers Advisors LLC now owns 102,386 shares of the real estate investment trust’s stock worth $1,569,000 after buying an additional 8,467 shares during the period. Finally, Creative Planning raised its position in shares of CareTrust REIT by 31.5% in the first quarter. Creative Planning now owns 34,288 shares of the real estate investment trust’s stock worth $577,000 after buying an additional 8,223 shares during the period. Institutional investors and hedge funds own 87.47% of the company’s stock.

CareTrust REIT, Inc. (CTRE) traded down 0.55% during mid-day trading on Thursday, reaching $18.06. 102,550 shares of the company’s stock were exchanged. CareTrust REIT, Inc. has a 52-week low of $12.70 and a 52-week high of $19.86. The stock has a market cap of $1.37 billion, a price-to-earnings ratio of 41.90 and a beta of 0.88. The company has a 50-day moving average of $18.43 and a 200-day moving average of $17.21.

The firm also recently announced a quarterly dividend, which was paid on Friday, July 14th. Stockholders of record on Friday, June 30th were paid a $0.185 dividend. The ex-dividend date of this dividend was Wednesday, June 28th. This represents a $0.74 annualized dividend and a dividend yield of 4.07%.

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CTRE has been the topic of a number of research reports. BMO Capital Markets reiterated a “buy” rating and issued a $18.00 price target on shares of CareTrust REIT in a research note on Wednesday, April 12th. Zacks Investment Research downgraded shares of CareTrust REIT from a “hold” rating to a “sell” rating in a report on Tuesday, April 18th. Canaccord Genuity reissued a “buy” rating and issued a $19.00 price objective on shares of CareTrust REIT in a report on Wednesday, May 3rd. TheStreet raised shares of CareTrust REIT from a “c” rating to a “b” rating in a report on Friday, May 5th. Finally, Raymond James Financial, Inc. reissued an “outperform” rating and issued a $19.00 price objective (up previously from $17.00) on shares of CareTrust REIT in a report on Wednesday, May 17th. Five investment analysts have rated the stock with a hold rating and four have given a buy rating to the company’s stock. CareTrust REIT has a consensus rating of “Hold” and a consensus price target of $18.00.

CareTrust REIT Company Profile

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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Institutional Ownership by Quarter for CareTrust REIT (NASDAQ:CTRE)

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