Rhumbline Advisers raised its stake in Caretrust REIT Inc (NASDAQ:CTRE) by 14.6% during the 2nd quarter, Holdings Channel reports. The firm owned 215,018 shares of the real estate investment trust’s stock after buying an additional 27,325 shares during the quarter. Rhumbline Advisers’ holdings in Caretrust REIT were worth $3,589,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently bought and sold shares of the company. Mount Yale Investment Advisors LLC purchased a new stake in shares of Caretrust REIT during the first quarter worth about $114,000. Brown Advisory Inc. purchased a new stake in shares of Caretrust REIT during the first quarter worth about $135,000. Meeder Asset Management Inc. grew its stake in shares of Caretrust REIT by 1,209.3% during the second quarter. Meeder Asset Management Inc. now owns 10,592 shares of the real estate investment trust’s stock worth $177,000 after acquiring an additional 9,783 shares during the last quarter. SG Americas Securities LLC grew its stake in shares of Caretrust REIT by 83.6% during the first quarter. SG Americas Securities LLC now owns 12,555 shares of the real estate investment trust’s stock worth $168,000 after acquiring an additional 5,716 shares during the last quarter. Finally, Commonwealth of Pennsylvania Public School Empls Retrmt SYS purchased a new stake in shares of Caretrust REIT during the second quarter worth about $269,000. Institutional investors own 88.06% of the company’s stock.

A number of equities research analysts have recently weighed in on CTRE shares. BidaskClub upgraded Caretrust REIT from a “sell” rating to a “hold” rating in a research note on Thursday, May 17th. Royal Bank of Canada boosted their price target on Caretrust REIT from $15.00 to $16.00 and gave the stock a “hold” rating in a research note on Thursday, May 24th. TheStreet upgraded Caretrust REIT from a “c+” rating to a “b-” rating in a research note on Friday, May 25th. Wells Fargo & Co set a $19.00 price target on Caretrust REIT and gave the stock a “buy” rating in a research note on Thursday, May 31st. Finally, ValuEngine upgraded Caretrust REIT from a “sell” rating to a “hold” rating in a research note on Friday, June 1st. Seven investment analysts have rated the stock with a hold rating and four have issued a buy rating to the company’s stock. The stock has an average rating of “Hold” and an average target price of $18.22.

Shares of NASDAQ CTRE opened at $18.22 on Friday. The company has a market capitalization of $1.47 billion, a P/E ratio of 14.51, a PEG ratio of 2.82 and a beta of 0.81. Caretrust REIT Inc has a 52 week low of $12.73 and a 52 week high of $19.82. The company has a debt-to-equity ratio of 0.85, a quick ratio of 1.65 and a current ratio of 1.65.

Caretrust REIT (NASDAQ:CTRE) last issued its earnings results on Wednesday, August 1st. The real estate investment trust reported $0.17 EPS for the quarter, meeting the Zacks’ consensus estimate of $0.17. The firm had revenue of $38.97 million for the quarter, compared to analyst estimates of $38.44 million. Caretrust REIT had a return on equity of 6.81% and a net margin of 28.26%. Caretrust REIT’s revenue for the quarter was up 18.7% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.30 earnings per share. sell-side analysts predict that Caretrust REIT Inc will post 1.29 earnings per share for the current fiscal year.

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

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