Bard Associates Inc. Sells 18,886 Shares of CareTrust REIT, Inc. (CTRE)

Bard Associates Inc. decreased its position in shares of CareTrust REIT, Inc. (NASDAQ:CTRE) by 24.7% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 57,469 shares of the real estate investment trust’s stock after selling 18,886 shares during the period. Bard Associates Inc. owned about 0.08% of CareTrust REIT worth $967,000 at the end of the most recent quarter.

Other large investors have also bought and sold shares of the company. BlackRock Inc. increased its position in shares of CareTrust REIT by 2,476.7% in the first quarter. BlackRock Inc. now owns 9,265,924 shares of the real estate investment trust’s stock valued at $155,855,000 after buying an additional 8,906,314 shares in the last quarter. FMR LLC boosted its stake in shares of CareTrust REIT by 1,036.2% in the first quarter. FMR LLC now owns 6,311,699 shares of the real estate investment trust’s stock worth $106,163,000 after buying an additional 5,756,172 shares in the last quarter. Vanguard Group Inc. boosted its stake in shares of CareTrust REIT by 5.6% in the first quarter. Vanguard Group Inc. now owns 10,572,588 shares of the real estate investment trust’s stock worth $177,831,000 after buying an additional 562,080 shares in the last quarter. Westpac Banking Corp boosted its stake in shares of CareTrust REIT by 167.1% in the first quarter. Westpac Banking Corp now owns 729,185 shares of the real estate investment trust’s stock worth $9,261,000 after buying an additional 456,228 shares in the last quarter. Finally, State Street Corp raised its position in CareTrust REIT by 29.6% in the fourth quarter. State Street Corp now owns 1,558,984 shares of the real estate investment trust’s stock worth $23,883,000 after buying an additional 355,799 shares during the last quarter. 86.92% of the stock is currently owned by institutional investors and hedge funds.

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

CareTrust REIT, Inc. (NASDAQ:CTRE) traded down 0.77% during mid-day trading on Tuesday, hitting $19.28. 514,210 shares of the stock were exchanged. The company has a 50 day moving average of $18.12 and a 200 day moving average of $16.40. The firm has a market cap of $1.40 billion, a P/E ratio of 34.61 and a beta of 0.90. CareTrust REIT, Inc. has a 12-month low of $12.70 and a 12-month high of $19.49.

The business also recently declared a quarterly dividend, which will be paid on Friday, July 14th. Stockholders of record on Friday, June 30th will be given a $0.185 dividend. The ex-dividend date is Wednesday, June 28th. This represents a $0.74 annualized dividend and a dividend yield of 3.84%.

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A number of research firms have weighed in on CTRE. BMO Capital Markets lowered shares of CareTrust REIT from an “outperform” rating to a “market perform” rating and upped their price target for the stock from $18.00 to $20.00 in a research report on Tuesday. BidaskClub upgraded shares of CareTrust REIT from a “buy” rating to a “strong-buy” rating in a research report on Thursday, June 15th. Raymond James Financial, Inc. restated an “outperform” rating and set a $19.00 target price (up previously from $17.00) on shares of CareTrust REIT in a research report on Wednesday, May 17th. Zacks Investment Research upgraded shares of CareTrust REIT from a “hold” rating to a “buy” rating and set a $20.00 price objective for the company in a research report on Tuesday, May 16th. Finally, TheStreet raised shares of CareTrust REIT from a “c” rating to a “b” rating in a research note on Friday, May 5th. Five research analysts have rated the stock with a hold rating, four have issued a buy rating and one has given a strong buy rating to the company’s stock. The stock has a consensus rating of “Buy” 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.

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