CareTrust REIT, Inc. (CTRE) Position Increased by Thrivent Financial For Lutherans

Thrivent Financial For Lutherans raised its position in CareTrust REIT, Inc. (NASDAQ:CTRE) by 17.3% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 50,692 shares of the real estate investment trust’s stock after acquiring an additional 7,480 shares during the quarter. Thrivent Financial For Lutherans owned approximately 0.07% of CareTrust REIT worth $940,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently made changes to their positions in the company. PNC Financial Services Group Inc. lifted its stake in CareTrust REIT by 30,858.2% during the second quarter. PNC Financial Services Group Inc. now owns 34,054 shares of the real estate investment trust’s stock worth $631,000 after purchasing an additional 33,944 shares during the last quarter. Profund Advisors LLC lifted its stake in CareTrust REIT by 17.1% during the second quarter. Profund Advisors LLC now owns 13,560 shares of the real estate investment trust’s stock worth $251,000 after purchasing an additional 1,976 shares during the last quarter. BlackRock Inc. lifted its stake in CareTrust REIT by 7.0% during the second quarter. BlackRock Inc. now owns 9,911,033 shares of the real estate investment trust’s stock worth $183,750,000 after purchasing an additional 645,109 shares during the last quarter. Nationwide Fund Advisors lifted its stake in CareTrust REIT by 7.7% during the second quarter. Nationwide Fund Advisors now owns 41,166 shares of the real estate investment trust’s stock worth $763,000 after purchasing an additional 2,932 shares during the last quarter. Finally, Ameriprise Financial Inc. increased its position in CareTrust REIT by 9.8% during the second quarter. Ameriprise Financial Inc. now owns 380,002 shares of the real estate investment trust’s stock worth $7,045,000 after buying an additional 33,872 shares during the period. Institutional investors and hedge funds own 89.39% of the company’s stock.

Shares of CareTrust REIT, Inc. (NASDAQ:CTRE) opened at 19.045 on Tuesday. CareTrust REIT, Inc. has a 52-week low of $12.70 and a 52-week high of $19.86.

The company also recently disclosed a quarterly dividend, which was paid on Friday, October 13th. Shareholders of record on Friday, September 29th were issued a dividend of $0.185 per share. This represents a $0.74 annualized dividend and a yield of 3.88%. The ex-dividend date was Thursday, September 28th. CareTrust REIT’s dividend payout ratio is 164.45%.

Several research analysts have commented on the company. BMO Capital Markets lowered CareTrust REIT from an “outperform” rating to a “market perform” rating and lifted their price target for the stock from $18.00 to $20.00 in a research report on Tuesday, June 20th. KeyCorp reissued a “buy” rating and issued a $20.00 target price on shares of CareTrust REIT in a report on Friday, August 25th. Zacks Investment Research raised CareTrust REIT from a “sell” rating to a “hold” rating in a report on Tuesday, September 19th. Finally, BidaskClub raised CareTrust REIT from a “hold” rating to a “buy” rating in a report on Saturday, August 19th. Five analysts have rated the stock with a hold rating and four have given a buy rating to the stock. The company currently has a consensus rating of “Hold” and an average target price of $18.57.

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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.

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

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