Oppenheimer Asset Management Inc. raised its position in CareTrust REIT, Inc. (NASDAQ:CTRE) by 183.3% in the second quarter, according to its most recent disclosure with the SEC. The firm owned 31,301 shares of the real estate investment trust’s stock after acquiring an additional 20,251 shares during the period. Oppenheimer Asset Management Inc.’s holdings in CareTrust REIT were worth $581,000 as of its most recent filing with the SEC.

A number of other institutional investors have also recently made changes to their positions in CTRE. BlackRock Inc. grew its stake in CareTrust REIT by 2,476.7% in the first quarter. BlackRock Inc. now owns 9,265,924 shares of the real estate investment trust’s stock valued at $155,855,000 after acquiring an additional 8,906,314 shares during the period. FMR LLC grew its stake in CareTrust REIT by 1,036.2% in the first quarter. FMR LLC now owns 6,311,699 shares of the real estate investment trust’s stock valued at $106,163,000 after acquiring an additional 5,756,172 shares during the period. Goldman Sachs Group Inc. grew its stake in CareTrust REIT by 571.4% in the first quarter. Goldman Sachs Group Inc. now owns 1,381,640 shares of the real estate investment trust’s stock valued at $23,240,000 after acquiring an additional 1,175,847 shares during the period. Russell Investments Group Ltd. grew its stake in CareTrust REIT by 368.6% in the second quarter. Russell Investments Group Ltd. now owns 827,763 shares of the real estate investment trust’s stock valued at $15,337,000 after acquiring an additional 651,129 shares during the period. Finally, Vanguard Group Inc. grew its stake in CareTrust REIT by 5.6% in the first quarter. Vanguard Group Inc. now owns 10,572,588 shares of the real estate investment trust’s stock valued at $177,831,000 after acquiring an additional 562,080 shares during the period. 89.43% of the stock is owned by hedge funds and other institutional investors.

A number of brokerages have commented on CTRE. Zacks Investment Research cut CareTrust REIT from a “buy” rating to a “hold” rating in a research note on Monday, August 7th. BMO Capital Markets cut CareTrust REIT from an “outperform” rating to a “market perform” rating and raised their price objective for the company from $18.00 to $20.00 in a research note on Tuesday, June 20th. BidaskClub raised CareTrust REIT from a “hold” rating to a “buy” rating in a research note on Saturday, August 19th. Finally, KeyCorp reissued a “buy” rating and issued a $20.00 price objective on shares of CareTrust REIT in a research note on Friday, August 25th. One analyst has rated the stock with a sell rating, four have given a hold rating and four have assigned a buy rating to the stock. The company currently has a consensus rating of “Hold” and an average target price of $18.57.

CareTrust REIT, Inc. (CTRE) opened at 19.50 on Friday. CareTrust REIT, Inc. has a 12-month low of $12.70 and a 12-month high of $19.86. The company has a market cap of $1.48 billion, a price-to-earnings ratio of 45.24 and a beta of 0.87. The stock has a 50 day moving average price of $18.82 and a 200-day moving average price of $17.85.

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CareTrust REIT 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.

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

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