Caretrust REIT Inc (NASDAQ:CTRE) Shares Sold by Morgan Stanley

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Morgan Stanley lessened its holdings in shares of Caretrust REIT Inc (NASDAQ:CTRE) by 0.5% during the 2nd quarter, Holdings Channel reports. The firm owned 553,399 shares of the real estate investment trust’s stock after selling 2,503 shares during the period. Morgan Stanley’s holdings in Caretrust REIT were worth $13,160,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also modified their holdings of the company. Nelson Van Denburg & Campbell Wealth Management Group LLC acquired a new stake in shares of Caretrust REIT during the second quarter worth about $71,000. BlackRock Inc. raised its holdings in Caretrust REIT by 9.8% in the second quarter. BlackRock Inc. now owns 18,664,330 shares of the real estate investment trust’s stock valued at $443,836,000 after acquiring an additional 1,666,016 shares in the last quarter. Tower Research Capital LLC TRC acquired a new stake in Caretrust REIT in the second quarter valued at approximately $197,000. Nordea Investment Management AB acquired a new stake in Caretrust REIT in the first quarter valued at approximately $4,305,000. Finally, Aperio Group LLC raised its holdings in Caretrust REIT by 18.9% in the second quarter. Aperio Group LLC now owns 31,141 shares of the real estate investment trust’s stock valued at $741,000 after acquiring an additional 4,942 shares in the last quarter. 88.57% of the stock is currently owned by institutional investors and hedge funds.

Shares of NASDAQ:CTRE opened at $23.55 on Friday. The firm’s 50 day moving average price is $23.55 and its 200 day moving average price is $23.84. The stock has a market cap of $2.25 billion, a price-to-earnings ratio of 18.40 and a beta of 0.67. Caretrust REIT Inc has a fifty-two week low of $16.68 and a fifty-two week high of $25.54. The company has a quick ratio of 0.97, a current ratio of 0.97 and a debt-to-equity ratio of 0.56.

Caretrust REIT (NASDAQ:CTRE) last released its quarterly earnings data on Tuesday, August 6th. The real estate investment trust reported $0.21 earnings per share for the quarter, missing analysts’ consensus estimates of $0.35 by ($0.14). Caretrust REIT had a return on equity of 8.08% and a net margin of 39.70%. The company had revenue of $46.20 million for the quarter, compared to analyst estimates of $43.23 million. During the same period in the previous year, the business posted $0.33 EPS. The firm’s revenue for the quarter was up 18.6% compared to the same quarter last year. On average, equities analysts anticipate that Caretrust REIT Inc will post 1.35 EPS for the current year.

The business also recently disclosed a — dividend, which will be paid on Tuesday, October 15th. Shareholders of record on Monday, September 30th will be issued a dividend of $0.225 per share. The ex-dividend date is Friday, September 27th. This represents a yield of 3.9%. Caretrust REIT’s payout ratio is currently 70.31%.

CTRE has been the topic of several analyst reports. BMO Capital Markets reaffirmed a “buy” rating and issued a $26.00 target price on shares of Caretrust REIT in a report on Wednesday, August 7th. Zacks Investment Research raised shares of Caretrust REIT from a “strong sell” rating to a “hold” rating in a report on Thursday. ValuEngine cut shares of Caretrust REIT from a “buy” rating to a “hold” rating in a report on Thursday, August 1st. Capital One Financial raised shares of Caretrust REIT from an “equal weight” rating to an “overweight” rating and set a $25.00 target price on the stock in a report on Wednesday, August 21st. Finally, Berenberg Bank initiated coverage on shares of Caretrust REIT in a report on Thursday, September 12th. They issued a “buy” rating and a $29.00 target price on the stock. Three analysts have rated the stock with a hold rating and eight have given a buy rating to the stock. The stock currently has a consensus rating of “Buy” and a consensus price target of $25.22.

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.

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

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