Legal & General Group Plc Has $4.71 Million Position in CareTrust REIT, Inc. (CTRE)

Legal & General Group Plc increased its position in shares of CareTrust REIT, Inc. (NASDAQ:CTRE) by 18.6% during the second quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 254,264 shares of the real estate investment trust’s stock after acquiring an additional 39,889 shares during the period. Legal & General Group Plc’s holdings in CareTrust REIT were worth $4,714,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors have also recently bought and sold shares of CTRE. BlackRock Inc. increased its holdings in CareTrust REIT by 2,476.7% during the 1st quarter. BlackRock Inc. now owns 9,265,924 shares of the real estate investment trust’s stock worth $155,855,000 after acquiring an additional 8,906,314 shares during the period. FMR LLC increased its holdings in CareTrust REIT by 1,036.2% during the 1st quarter. FMR LLC now owns 6,311,699 shares of the real estate investment trust’s stock worth $106,163,000 after acquiring an additional 5,756,172 shares during the period. Goldman Sachs Group Inc. increased its holdings in CareTrust REIT by 571.4% during the 1st quarter. Goldman Sachs Group Inc. now owns 1,381,640 shares of the real estate investment trust’s stock worth $23,240,000 after acquiring an additional 1,175,847 shares during the period. Russell Investments Group Ltd. increased its holdings in CareTrust REIT by 368.6% during the 2nd quarter. Russell Investments Group Ltd. now owns 827,763 shares of the real estate investment trust’s stock worth $15,337,000 after acquiring an additional 651,129 shares during the period. Finally, Vanguard Group Inc. increased its holdings in CareTrust REIT by 5.6% during the 1st quarter. Vanguard Group Inc. now owns 10,572,588 shares of the real estate investment trust’s stock worth $177,831,000 after acquiring an additional 562,080 shares during the period. 89.43% of the stock is currently owned by institutional investors and hedge funds.

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A number of research firms recently weighed in on CTRE. BidaskClub raised shares of CareTrust REIT from a “hold” rating to a “buy” rating in a report on Saturday, August 19th. Zacks Investment Research raised shares of CareTrust REIT from a “hold” rating to a “buy” rating and set a $20.00 target price on the stock in a report on Tuesday, May 16th. BMO Capital Markets set a $18.00 target price on shares of CareTrust REIT and gave the stock a “buy” rating in a report on Monday, May 15th. KeyCorp reaffirmed a “buy” rating and set a $20.00 target price on shares of CareTrust REIT in a report on Friday, August 25th. Finally, Raymond James Financial, Inc. reaffirmed an “outperform” rating and set a $19.00 target price (up previously from $17.00) on shares of CareTrust REIT in a report on Wednesday, May 17th. One equities research analyst has rated the stock with a sell rating, four have given a hold rating and five have issued a buy rating to the company. The stock has a consensus rating of “Hold” and an average target price of $18.25.

CareTrust REIT, Inc. (NASDAQ CTRE) opened at 19.46 on Monday. The stock has a 50 day moving average of $18.69 and a 200-day moving average of $17.75. The company has a market cap of $1.48 billion, a price-to-earnings ratio of 45.15 and a beta of 0.87. CareTrust REIT, Inc. has a one year low of $12.70 and a one year high of $19.86.

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.

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

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