CareTrust REIT, Inc. (CTRE) Shares Bought by Goldman Sachs Group Inc.

Goldman Sachs Group Inc. boosted its position in CareTrust REIT, Inc. (NASDAQ:CTRE) by 571.4% during the first quarter, according to its most recent disclosure with the SEC. The fund owned 1,381,640 shares of the real estate investment trust’s stock after buying an additional 1,175,847 shares during the period. Goldman Sachs Group Inc. owned approximately 1.90% of CareTrust REIT worth $23,240,000 as of its most recent filing with the SEC.

Other institutional investors have also recently modified their holdings of the company. State of Alaska Department of Revenue boosted its position in shares of CareTrust REIT by 4.6% in the first quarter. State of Alaska Department of Revenue now owns 7,310 shares of the real estate investment trust’s stock worth $122,000 after buying an additional 320 shares during the last quarter. Municipal Employees Retirement System of Michigan boosted its position 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 worth $727,000 after buying an additional 430 shares during the last quarter. Metropolitan Life Insurance Co. NY boosted its stake 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 last quarter. Strs Ohio boosted its stake in shares of CareTrust REIT by 0.6% in the first quarter. Strs Ohio now owns 115,294 shares of the real estate investment trust’s stock valued at $1,939,000 after buying an additional 686 shares during the last quarter. Finally, Texas Permanent School Fund boosted 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 during the last quarter. 87.74% of the stock is owned by institutional investors and hedge funds.

CareTrust REIT, Inc. (NASDAQ CTRE) traded down 0.87% during midday trading on Friday, reaching $18.19. The company had a trading volume of 450,643 shares. The firm has a market cap of $1.38 billion, a PE ratio of 42.20 and a beta of 0.88. CareTrust REIT, Inc. has a one year low of $12.70 and a one year high of $19.86.

The firm also recently declared a quarterly dividend, which was paid on Friday, July 14th. Investors of record on Friday, June 30th were issued a dividend of $0.185 per share. The ex-dividend date of this dividend was Wednesday, June 28th. This represents a $0.74 dividend on an annualized basis and a yield of 4.07%.

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Several brokerages have recently weighed in on CTRE. Zacks Investment Research raised CareTrust REIT from a “sell” rating to a “hold” rating in a research note on Thursday, May 4th. BidaskClub raised CareTrust REIT from a “buy” rating to a “strong-buy” rating in a research note on Thursday, June 15th. BMO Capital Markets reissued a “buy” rating and issued a $18.00 price target on shares of CareTrust REIT in a research note on Wednesday, April 12th. TheStreet raised CareTrust REIT from a “c” rating to a “b” rating in a research note on Friday, May 5th. Finally, Raymond James Financial, Inc. reissued an “outperform” rating and issued a $19.00 price target (up previously from $17.00) on shares of CareTrust REIT in a research note on Wednesday, May 17th. Four analysts have rated the stock with a hold rating and five have issued a buy rating to the stock. CareTrust REIT currently has a consensus rating of “Buy” and a consensus price target of $18.00.

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.

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

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