First Trust Advisors LP Sells 9,659 Shares of CareTrust REIT, Inc. (CTRE)

First Trust Advisors LP lowered its stake in CareTrust REIT, Inc. (NASDAQ:CTRE) by 11.2% in the second quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 76,327 shares of the real estate investment trust’s stock after selling 9,659 shares during the quarter. First Trust Advisors LP’s holdings in CareTrust REIT were worth $1,415,000 as of its most recent filing with the SEC.

Several other hedge funds also recently bought and sold shares of the company. LS Investment Advisors LLC grew its stake in shares of CareTrust REIT by 2.0% in 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 buying an additional 138 shares in the last quarter. Municipal Employees Retirement System of Michigan grew its stake in shares of CareTrust REIT by 1.0% in 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 buying an additional 430 shares in the last quarter. Texas Permanent School Fund grew its stake in shares of CareTrust REIT by 2.1% in 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 buying an additional 969 shares in the last quarter. Mitsubishi UFJ Kokusai Asset Management Co. Ltd. grew its stake in shares of CareTrust REIT by 11.0% in the second quarter. Mitsubishi UFJ Kokusai Asset Management Co. Ltd. now owns 10,840 shares of the real estate investment trust’s stock valued at $201,000 after buying an additional 1,075 shares in the last quarter. Finally, Louisiana State Employees Retirement System grew its stake in shares of CareTrust REIT by 4.3% in the first quarter. Louisiana State Employees Retirement System now owns 26,978 shares of the real estate investment trust’s stock valued at $454,000 after buying an additional 1,100 shares in the last quarter. Institutional investors and hedge funds own 89.43% of the company’s stock.

CareTrust REIT, Inc. (NASDAQ CTRE) opened at 19.59 on Friday. CareTrust REIT, Inc. has a one year low of $12.70 and a one year high of $19.86. The company has a 50-day moving average price of $18.86 and a 200-day moving average price of $17.88. The stock has a market cap of $1.49 billion, a P/E ratio of 45.45 and a beta of 0.87.

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A number of research firms have recently issued reports on CTRE. BMO Capital Markets lowered CareTrust REIT from an “outperform” rating to a “market perform” rating and increased their target price for the company from $18.00 to $20.00 in a research note on Tuesday, June 20th. KeyCorp reiterated a “buy” rating and issued a $20.00 target price on shares of CareTrust REIT in a research note on Friday, August 25th. Zacks Investment Research lowered CareTrust REIT from a “hold” rating to a “sell” rating in a research note on Tuesday, August 22nd. Finally, BidaskClub upgraded CareTrust REIT from a “buy” rating to a “strong-buy” rating in a research note on Thursday, June 15th. One investment analyst has rated the stock with a sell rating, four have assigned a hold rating and four have assigned a buy rating to the company. CareTrust REIT presently has an average rating of “Hold” and a consensus target price of $18.57.

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

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