Caretrust REIT Inc (NASDAQ:CTRE) Shares Sold by Amundi Pioneer Asset Management Inc.

Amundi Pioneer Asset Management Inc. decreased its stake in Caretrust REIT Inc (NASDAQ:CTRE) by 12.1% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 191,492 shares of the real estate investment trust’s stock after selling 26,251 shares during the period. Amundi Pioneer Asset Management Inc. owned approximately 0.23% of Caretrust REIT worth $3,535,000 at the end of the most recent reporting period.

Several other institutional investors also recently made changes to their positions in CTRE. BlackRock Inc. raised its holdings in shares of Caretrust REIT by 0.8% in the fourth quarter. BlackRock Inc. now owns 16,042,431 shares of the real estate investment trust’s stock valued at $296,144,000 after buying an additional 126,564 shares during the last quarter. Vanguard Group Inc. raised its holdings in shares of Caretrust REIT by 4.7% in the third quarter. Vanguard Group Inc. now owns 11,880,091 shares of the real estate investment trust’s stock valued at $210,397,000 after buying an additional 538,327 shares during the last quarter. Vanguard Group Inc raised its holdings in shares of Caretrust REIT by 4.7% in the third quarter. Vanguard Group Inc now owns 11,880,091 shares of the real estate investment trust’s stock valued at $210,397,000 after buying an additional 538,327 shares during the last quarter. Bank of New York Mellon Corp raised its holdings in shares of Caretrust REIT by 11.1% in the third quarter. Bank of New York Mellon Corp now owns 2,074,217 shares of the real estate investment trust’s stock valued at $36,735,000 after buying an additional 206,551 shares during the last quarter. Finally, Northern Trust Corp raised its holdings in shares of Caretrust REIT by 30.6% in the fourth quarter. Northern Trust Corp now owns 1,821,443 shares of the real estate investment trust’s stock valued at $33,625,000 after buying an additional 426,653 shares during the last quarter. Institutional investors and hedge funds own 88.30% of the company’s stock.

CTRE has been the subject of a number of research analyst reports. BidaskClub cut Caretrust REIT from a “strong-buy” rating to a “buy” rating in a report on Wednesday, March 20th. Raymond James raised Caretrust REIT from an “outperform” rating to a “strong-buy” rating in a report on Tuesday, January 8th. BMO Capital Markets raised Caretrust REIT from a “market perform” rating to an “outperform” rating in a report on Wednesday, January 9th. ValuEngine cut Caretrust REIT from a “buy” rating to a “hold” rating in a report on Monday, December 31st. Finally, Zacks Investment Research cut Caretrust REIT from a “buy” rating to a “hold” rating in a report on Monday, February 4th. Four equities research analysts have rated the stock with a hold rating, five have given a buy rating and one has given a strong buy rating to the stock. Caretrust REIT presently has a consensus rating of “Buy” and an average price target of $21.14.

Shares of CTRE traded up $0.27 on Friday, hitting $23.97. The company’s stock had a trading volume of 659,659 shares, compared to its average volume of 973,898. The company has a debt-to-equity ratio of 0.64, a quick ratio of 3.02 and a current ratio of 3.02. Caretrust REIT Inc has a fifty-two week low of $12.96 and a fifty-two week high of $24.43. The firm has a market capitalization of $2.10 billion, a PE ratio of 18.73 and a beta of 0.91.

Caretrust REIT (NASDAQ:CTRE) last issued its quarterly earnings data on Wednesday, February 13th. The real estate investment trust reported $0.18 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.32 by ($0.14). Caretrust REIT had a net margin of 36.91% and a return on equity of 8.52%. The business had revenue of $40.36 million during the quarter, compared to analyst estimates of $39.99 million. During the same quarter in the prior year, the firm posted $0.31 earnings per share. Caretrust REIT’s revenue for the quarter was up 10.3% compared to the same quarter last year. Equities research analysts predict that Caretrust REIT Inc will post 1.36 EPS for the current fiscal year.

The firm also recently disclosed a quarterly dividend, which was paid on Monday, April 15th. Investors of record on Friday, March 29th were given a $0.225 dividend. The ex-dividend date of this dividend was Thursday, March 28th. This is a positive change from Caretrust REIT’s previous quarterly dividend of $0.21. This represents a $0.90 annualized dividend and a dividend yield of 3.75%. Caretrust REIT’s payout ratio is currently 70.31%.

COPYRIGHT VIOLATION WARNING: This article was posted by Baseball Daily News and is the property of of Baseball Daily News. If you are reading this article on another domain, it was stolen and republished in violation of U.S. & international copyright and trademark laws. The original version of this article can be accessed at https://www.baseballdailydigest.com/news/2019/04/26/caretrust-reit-inc-ctre-holdings-cut-by-amundi-pioneer-asset-management-inc.html.

Caretrust REIT Company 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 199 net-leased healthcare properties and three operated seniors housing properties in 27 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.

See Also: Is it better to buy a fund with a higher or lower NAV?

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

Receive News & Ratings for Caretrust REIT Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Caretrust REIT and related companies with MarketBeat.com's FREE daily email newsletter.