Thrivent Financial For Lutherans raised its position in CareTrust REIT, Inc. (NASDAQ:CTRE) by 6.2% during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 43,212 shares of the real estate investment trust’s stock after buying an additional 2,530 shares during the period. Thrivent Financial For Lutherans owned about 0.06% of CareTrust REIT worth $727,000 at the end of the most recent quarter.

A number of other large investors have also recently bought and sold shares of the stock. UBS Asset Management Americas Inc. raised its stake in CareTrust REIT by 95.5% in the fourth quarter. UBS Asset Management Americas Inc. now owns 66,002 shares of the real estate investment trust’s stock worth $1,011,000 after buying an additional 32,250 shares in the last quarter. AQR Capital Management LLC raised its position in shares of CareTrust REIT by 0.4% in the fourth quarter. AQR Capital Management LLC now owns 424,869 shares of the real estate investment trust’s stock valued at $6,509,000 after buying an additional 1,745 shares during the period. Guggenheim Capital LLC bought a new position in shares of CareTrust REIT during the fourth quarter valued at approximately $1,950,000. Metropolitan Life Insurance Co. NY raised its position in shares of CareTrust REIT by 1.1% in the fourth quarter. Metropolitan Life Insurance Co. NY now owns 44,921 shares of the real estate investment trust’s stock valued at $688,000 after buying an additional 479 shares during the period. Finally, Public Sector Pension Investment Board increased its stake in CareTrust REIT by 11.7% in the fourth quarter. Public Sector Pension Investment Board now owns 45,842 shares of the real estate investment trust’s stock worth $702,000 after buying an additional 4,800 shares in the last quarter. Institutional investors own 87.47% of the company’s stock.

Shares of CareTrust REIT, Inc. (NASDAQ CTRE) traded up 0.39% during trading on Tuesday, hitting $18.19. 222,990 shares of the stock traded hands. The stock has a 50 day moving average of $18.54 and a 200 day moving average of $17.14. CareTrust REIT, Inc. has a 52-week low of $12.70 and a 52-week high of $19.86. The firm has a market cap of $1.38 billion, a price-to-earnings ratio of 42.20 and a beta of 0.88.

The company also recently announced 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 dividend on an annualized basis and a yield of 4.07%.

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CTRE has been the topic of a number of recent research reports. Zacks Investment Research downgraded shares of CareTrust REIT from a “hold” rating to a “sell” rating in a research report on Tuesday, April 18th. Canaccord Genuity reissued a “buy” rating and set a $19.00 price objective on shares of CareTrust REIT in a research report on Wednesday, May 3rd. Raymond James Financial, Inc. reissued an “outperform” rating and set a $19.00 price objective (up from $17.00) on shares of CareTrust REIT in a research report on Wednesday, May 17th. BidaskClub downgraded shares of CareTrust REIT from a “strong-buy” rating to a “buy” rating in a research report on Saturday, July 8th. Finally, BMO Capital Markets downgraded shares of CareTrust REIT from an “outperform” rating to a “market perform” rating and increased their price objective for the company from $18.00 to $20.00 in a research report on Tuesday, June 20th. Five analysts have rated the stock with a hold rating and four have issued a buy rating to the company’s stock. The stock presently has an average rating of “Hold” and a consensus target price 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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