Fox Run Management L.L.C. cut its position in Caretrust REIT Inc (NASDAQ:CTRE) by 50.0% in the 2nd quarter, according to its most recent disclosure with the SEC. The fund owned 15,032 shares of the real estate investment trust’s stock after selling 15,016 shares during the period. Fox Run Management L.L.C.’s holdings in Caretrust REIT were worth $251,000 as of its most recent SEC filing.
Other institutional investors have also recently modified their holdings of the company. Brown Advisory Inc. purchased a new position in shares of Caretrust REIT in the first quarter worth $135,000. Mount Yale Investment Advisors LLC purchased a new position in shares of Caretrust REIT in the first quarter worth $114,000. Principal Financial Group Inc. lifted its holdings in shares of Caretrust REIT by 3.1% in the first quarter. Principal Financial Group Inc. now owns 683,847 shares of the real estate investment trust’s stock worth $9,163,000 after buying an additional 20,416 shares in the last quarter. WINTON GROUP Ltd purchased a new position in shares of Caretrust REIT in the first quarter worth $799,000. Finally, Xact Kapitalforvaltning AB lifted its holdings in shares of Caretrust REIT by 102.4% in the first quarter. Xact Kapitalforvaltning AB now owns 21,146 shares of the real estate investment trust’s stock worth $283,000 after buying an additional 10,700 shares in the last quarter. 89.68% of the stock is owned by institutional investors and hedge funds.
Several research firms have recently commented on CTRE. Zacks Investment Research downgraded shares of Caretrust REIT from a “hold” rating to a “sell” rating in a report on Monday, August 6th. ValuEngine raised shares of Caretrust REIT from a “sell” rating to a “hold” rating in a report on Tuesday, August 7th. Royal Bank of Canada reissued a “hold” rating and issued a $18.00 target price (up previously from $16.00) on shares of Caretrust REIT in a report on Thursday. BidaskClub raised shares of Caretrust REIT from a “buy” rating to a “strong-buy” rating in a report on Saturday, July 7th. Finally, Wells Fargo & Co set a $19.00 target price on shares of Caretrust REIT and gave the stock a “buy” rating in a report on Thursday, May 31st. One equities research analyst has rated the stock with a sell rating, six have given a hold rating and four have given a buy rating to the stock. The stock currently has an average rating of “Hold” and an average target price of $17.78.
Caretrust REIT (NASDAQ:CTRE) last released its quarterly earnings results on Wednesday, August 1st. The real estate investment trust reported $0.17 earnings per share (EPS) for the quarter, meeting the Zacks’ consensus estimate of $0.17. The company had revenue of $38.97 million for the quarter, compared to the consensus estimate of $38.44 million. Caretrust REIT had a net margin of 28.26% and a return on equity of 6.81%. Caretrust REIT’s revenue 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. equities research analysts predict that Caretrust REIT Inc will post 1.28 earnings per share for the current fiscal year.
The firm also recently declared a quarterly dividend, which was paid on Friday, July 13th. Investors of record on Friday, June 29th were paid a dividend of $0.205 per share. This represents a $0.82 dividend on an annualized basis and a yield of 4.72%. The ex-dividend date of this dividend was Thursday, June 28th. Caretrust REIT’s payout ratio is 70.69%.
Caretrust REIT Profile
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 186 net leased healthcare properties and three operated seniors housing properties in 24 states, CareTrust 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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