Thrivent Financial For Lutherans increased its holdings in shares of Caretrust REIT Inc (NASDAQ:CTRE) by 13.8% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 60,535 shares of the real estate investment trust’s stock after purchasing an additional 7,333 shares during the quarter. Thrivent Financial For Lutherans’ holdings in Caretrust REIT were worth $1,015,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
Other hedge funds have also recently bought and sold shares of the company. Janus Henderson Group PLC bought a new position in Caretrust REIT in the third quarter valued at about $197,000. Amalgamated Bank bought a new position in Caretrust REIT in the third quarter valued at about $197,000. Gilman Hill Asset Management LLC bought a new position in Caretrust REIT in the fourth quarter valued at about $191,000. Ramsey Quantitative Systems bought a new position in Caretrust REIT in the fourth quarter valued at about $215,000. Finally, Commonwealth Equity Services Inc bought a new position in Caretrust REIT in the third quarter valued at about $318,000. 91.41% of the stock is currently owned by institutional investors.
Shares of CTRE stock opened at $13.46 on Friday. The company has a debt-to-equity ratio of 0.94, a current ratio of 0.70 and a quick ratio of 0.70. The company has a market capitalization of $1,050.71, a PE ratio of 11.60, a price-to-earnings-growth ratio of 2.16 and a beta of 0.74. Caretrust REIT Inc has a 1 year low of $12.96 and a 1 year high of $19.86.
A number of research firms have weighed in on CTRE. Royal Bank of Canada reissued a “hold” rating and issued a $15.00 target price on shares of Caretrust REIT in a report on Tuesday, March 6th. KeyCorp set a $16.00 target price on Caretrust REIT and gave the company a “buy” rating in a report on Tuesday, March 6th. Cantor Fitzgerald initiated coverage on Caretrust REIT in a report on Monday, March 5th. They issued an “overweight” rating and a $16.00 target price on the stock. TheStreet cut Caretrust REIT from a “b” rating to a “c+” rating in a research report on Wednesday, February 28th. Finally, Stifel Nicolaus set a $17.00 price target on Caretrust REIT and gave the stock a “hold” rating in a research report on Wednesday, February 28th. Two equities research analysts have rated the stock with a sell rating, five have assigned a hold rating and six have given a buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and a consensus price target of $18.45.
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.
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