Bank of The West held its stake in shares of CareTrust REIT, Inc. (NASDAQ:CTRE) during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 18,664 shares of the real estate investment trust’s stock at the end of the second quarter. Bank of The West’s holdings in CareTrust REIT were worth $346,000 as of its most recent SEC filing.

A number of other large investors also recently made changes to their positions in CTRE. Bank of Montreal Can boosted its stake in shares of CareTrust REIT by 80.6% in the second quarter. Bank of Montreal Can now owns 168,294 shares of the real estate investment trust’s stock worth $3,121,000 after buying an additional 75,133 shares during the period. Fox Run Management L.L.C. bought a new stake in shares of CareTrust REIT during the second quarter worth $313,000. Nomura Asset Management Co. Ltd. boosted its stake in shares of CareTrust REIT by 4.0% in the first quarter. Nomura Asset Management Co. Ltd. now owns 44,000 shares of the real estate investment trust’s stock worth $740,000 after buying an additional 1,700 shares during the period. Skandinaviska Enskilda Banken AB publ bought a new stake in shares of CareTrust REIT during the first quarter worth $434,000. Finally, Teachers Retirement System of The State of Kentucky boosted its stake in shares of CareTrust REIT by 11.3% in the first quarter. Teachers Retirement System of The State of Kentucky now owns 19,680 shares of the real estate investment trust’s stock worth $331,000 after buying an additional 2,000 shares during the period. 87.47% of the stock is owned by hedge funds and other institutional investors.

Shares of CareTrust REIT, Inc. (NASDAQ:CTRE) traded up 0.39% on Tuesday, hitting $18.19. 222,990 shares of the stock were exchanged. The firm has a market cap of $1.38 billion, a price-to-earnings ratio of 42.20 and a beta of 0.88. CareTrust REIT, Inc. has a one year low of $12.70 and a one year high of $19.86. The firm’s 50 day moving average price is $18.54 and its 200 day moving average price is $17.14.

The company also recently disclosed a quarterly dividend, which was paid on Friday, July 14th. Investors of record on Friday, June 30th were given a $0.185 dividend. The ex-dividend date was Wednesday, June 28th. This represents a $0.74 annualized dividend and a yield of 4.07%.

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A number of research analysts have commented on the stock. TheStreet upgraded shares of CareTrust REIT from a “c” rating to a “b” rating in a research note on Friday, May 5th. BidaskClub upgraded shares of CareTrust REIT from a “buy” rating to a “strong-buy” rating in a research note on Thursday, June 15th. BMO Capital Markets lowered shares of CareTrust REIT from an “outperform” rating to a “market perform” rating and lifted their price objective for the company from $18.00 to $20.00 in a research note on Tuesday, June 20th. Zacks Investment Research lowered shares of CareTrust REIT from a “hold” rating to a “sell” rating in a research note on Tuesday, April 18th. Finally, Canaccord Genuity restated a “buy” rating and issued a $19.00 price objective on shares of CareTrust REIT in a research note on Wednesday, May 3rd. Five equities research analysts have rated the stock with a hold rating and four have given a buy rating to the company. The stock has an average rating of “Hold” and an average price target of $18.00.

About CareTrust REIT

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.

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

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