Symphony Asset Management LLC trimmed its position in shares of CareTrust REIT, Inc. (NASDAQ:CTRE) by 16.9% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 76,155 shares of the real estate investment trust’s stock after selling 15,446 shares during the quarter. Symphony Asset Management LLC owned approximately 0.10% of CareTrust REIT worth $1,412,000 as of its most recent SEC filing.

Several other hedge funds have also recently made changes to their positions in the company. LS Investment Advisors LLC boosted its stake in shares of CareTrust REIT by 2.0% during the second quarter. LS Investment Advisors LLC now owns 7,062 shares of the real estate investment trust’s stock valued at $131,000 after purchasing an additional 138 shares in the last quarter. State of Alaska Department of Revenue boosted its stake in shares of CareTrust REIT by 4.6% during the first quarter. State of Alaska Department of Revenue now owns 7,310 shares of the real estate investment trust’s stock valued at $122,000 after purchasing an additional 320 shares in the last quarter. Municipal Employees Retirement System of Michigan boosted its stake in shares of CareTrust REIT by 1.0% during the first quarter. Municipal Employees Retirement System of Michigan now owns 43,200 shares of the real estate investment trust’s stock valued at $727,000 after purchasing an additional 430 shares in the last quarter. Zurcher Kantonalbank Zurich Cantonalbank boosted its stake in shares of CareTrust REIT by 7.5% during the second quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 6,277 shares of the real estate investment trust’s stock valued at $116,000 after purchasing an additional 437 shares in the last quarter. Finally, Texas Permanent School Fund boosted its stake in shares of CareTrust REIT by 2.1% during the first quarter. Texas Permanent School Fund now owns 47,942 shares of the real estate investment trust’s stock valued at $806,000 after purchasing an additional 969 shares in the last quarter. 89.43% of the stock is currently owned by hedge funds and other institutional investors.

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A number of analysts have recently commented on the company. BidaskClub raised CareTrust REIT from a “buy” rating to a “strong-buy” rating in a research note on Thursday, June 15th. BMO Capital Markets set a $18.00 price target on CareTrust REIT and gave the company a “buy” rating in a research note on Monday, May 15th. Zacks Investment Research lowered CareTrust REIT from a “hold” rating to a “sell” rating in a research note on Tuesday, August 22nd. KeyCorp reissued a “buy” rating and set a $20.00 price target on shares of CareTrust REIT in a research note on Friday, August 25th. Finally, Raymond James Financial, Inc. reissued an “outperform” rating and set a $19.00 price target (up from $17.00) on shares of CareTrust REIT in a research note on Wednesday, May 17th. One analyst has rated the stock with a sell rating, four have assigned a hold rating and five have assigned a buy rating to the company’s stock. The company currently has a consensus rating of “Hold” and a consensus price target of $18.25.

Shares of CareTrust REIT, Inc. (NASDAQ:CTRE) traded down 0.15% during trading on Tuesday, hitting $19.65. The stock had a trading volume of 25,767 shares. The company has a market capitalization of $1.49 billion, a PE ratio of 45.59 and a beta of 0.87. The firm has a 50-day moving average price of $18.70 and a 200 day moving average price of $17.79. CareTrust REIT, Inc. has a 52 week low of $12.70 and a 52 week high of $19.86.

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

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