JPMorgan Chase & Co. Sells 52,048 Shares of CareTrust REIT, Inc. (NASDAQ:CTRE)

JPMorgan Chase & Co. lowered its stake in CareTrust REIT, Inc. (NASDAQ:CTRE) by 21.9% during the first quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 185,835 shares of the real estate investment trust’s stock after selling 52,048 shares during the period. JPMorgan Chase & Co. owned about 0.26% of CareTrust REIT worth $3,126,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in the stock. Thrivent Financial for Lutherans raised its stake in shares of CareTrust REIT by 37.4% in the fourth quarter. Thrivent Financial for Lutherans now owns 40,682 shares of the real estate investment trust’s stock worth $623,000 after buying an additional 11,080 shares during the last quarter. AQR Capital Management LLC raised its stake in shares of CareTrust REIT by 0.4% in the fourth quarter. AQR Capital Management LLC now owns 424,869 shares of the real estate investment trust’s stock worth $6,509,000 after buying an additional 1,745 shares during the last quarter. Guggenheim Capital LLC purchased a new stake in shares of CareTrust REIT during the fourth quarter worth about $1,950,000. Metropolitan Life Insurance Co. NY raised 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 worth $688,000 after buying an additional 479 shares during the last quarter. Finally, Public Sector Pension Investment Board raised its stake in CareTrust REIT by 11.7% in the fourth quarter. Public Sector Pension Investment Board now owns 45,842 shares of the real estate investment trust’s stock worth $702,000 after buying an additional 4,800 shares in the last quarter. Hedge funds and other institutional investors own 87.74% of the company’s stock.

Shares of CareTrust REIT, Inc. (NASDAQ:CTRE) traded down 0.87% during mid-day trading on Friday, reaching $18.19. 450,643 shares of the company were exchanged. CareTrust REIT, Inc. has a 12 month low of $12.70 and a 12 month high of $19.86. The firm has a market cap of $1.38 billion, a price-to-earnings ratio of 42.20 and a beta of 0.88.

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

COPYRIGHT VIOLATION NOTICE: “JPMorgan Chase & Co. Sells 52,048 Shares of CareTrust REIT, Inc. (NASDAQ:CTRE)” was originally reported by BBNS and is the sole property of of BBNS. If you are reading this news story on another publication, it was stolen and reposted in violation of United States & international copyright laws. The original version of this news story can be accessed at https://baseballnewssource.com/markets/jpmorgan-chase-co-lowers-position-in-caretrust-reit-inc-nasdaqctre-updated-updated-updated/1179969.html.

A number of research firms have recently weighed in on CTRE. TheStreet raised CareTrust REIT from a “c” rating to a “b” rating in a report on Friday, May 5th. BidaskClub upgraded shares of CareTrust REIT from a “buy” rating to a “strong-buy” rating in a research note on Thursday, June 15th. BMO Capital Markets downgraded shares of CareTrust REIT from an “outperform” rating to a “market perform” rating and raised their price objective for the company from $18.00 to $20.00 in a research report on Tuesday, June 20th. Zacks Investment Research downgraded shares of CareTrust REIT from a “hold” rating to a “sell” rating in a research report on Tuesday, April 18th. Finally, Canaccord Genuity restated a “buy” rating and issued a $19.00 price objective on shares of CareTrust REIT in a research report on Wednesday, May 3rd. Four equities research analysts have rated the stock with a hold rating and five have given a buy rating to the stock. The company has a consensus rating of “Buy” and an average target price 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)

Receive News & Ratings for CareTrust REIT Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for CareTrust REIT Inc. and related companies with our FREE daily email newsletter.

 


Latest News

Albert Pujols New Home Run Leader for Foreign-Born Players
Albert Pujols New Home Run Leader for Foreign-Born Players
Los Angeles Dodgers Alex Wood Has Shoulder Inflammation
Los Angeles Dodgers Alex Wood Has Shoulder Inflammation
Blues Jays Ready to Take Flight
Blues Jays Ready to Take Flight
Umpires Ending Protest Over Incident With Ian Kinsler
Umpires Ending Protest Over Incident With Ian Kinsler
Kris Bryant Back in Spotlight, Cubs Pushing for Playoff Berth
Kris Bryant Back in Spotlight, Cubs Pushing for Playoff Berth
Despite Changes to Reduce The Length of Games, MLB Games are Actually Getting Longer
Despite Changes to Reduce The Length of Games, MLB Games are Actually Getting Longer


Leave a Reply

 
© 2006-2017 BBNS.