Principal Financial Group Inc. raised its position in CareTrust REIT, Inc. (NASDAQ:CTRE) by 27.3% in the 2nd quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 664,928 shares of the real estate investment trust’s stock after purchasing an additional 142,702 shares during the period. Principal Financial Group Inc. owned approximately 0.88% of CareTrust REIT worth $12,328,000 as of its most recent filing with the SEC.

A number of other large investors have also recently modified their holdings of CTRE. BlackRock Inc. increased 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 purchasing an additional 8,906,314 shares in the last quarter. FMR LLC increased 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 purchasing an additional 5,756,172 shares in the last quarter. Goldman Sachs Group Inc. increased 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 purchasing an additional 1,175,847 shares in the last quarter. Russell Investments Group Ltd. increased 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 purchasing an additional 651,129 shares in the last quarter. Finally, Vanguard Group Inc. increased 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 purchasing an additional 562,080 shares in the last quarter. 89.39% of the stock is owned by hedge funds and other institutional investors.

Several brokerages have commented on CTRE. Zacks Investment Research raised shares of CareTrust REIT from a “sell” rating to a “hold” rating in a research note on Tuesday. BMO Capital Markets downgraded shares of CareTrust REIT from an “outperform” rating to a “market perform” rating and upped their target price for the company from $18.00 to $20.00 in a research note on Tuesday, June 20th. BidaskClub raised shares of CareTrust REIT from a “hold” rating to a “buy” rating in a research note on Saturday, August 19th. Finally, KeyCorp reaffirmed a “buy” rating and issued a $20.00 target price on shares of CareTrust REIT in a research note on Friday, August 25th. Five analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. CareTrust REIT currently has an average rating of “Hold” and an average target price of $18.57.

Shares of CareTrust REIT, Inc. (NASDAQ CTRE) opened at 18.84 on Friday. CareTrust REIT, Inc. has a 12 month low of $12.70 and a 12 month high of $19.86.

The business also recently announced a quarterly dividend, which will be paid on Friday, October 13th. Investors of record on Friday, September 29th will be given a dividend of $0.185 per share. The ex-dividend date is Thursday, September 28th. This represents a $0.74 dividend on an annualized basis and a dividend yield of 3.93%.

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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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