Jane Street Group LLC Invests $268,000 in Caretrust REIT Inc (NASDAQ:CTRE)

Jane Street Group LLC acquired a new position in shares of Caretrust REIT Inc (NASDAQ:CTRE) during the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm acquired 11,251 shares of the real estate investment trust’s stock, valued at approximately $268,000.

Other hedge funds have also bought and sold shares of the company. Nelson Van Denburg & Campbell Wealth Management Group LLC acquired a new stake in shares of Caretrust REIT during the second quarter worth $71,000. BlackRock Inc. boosted its holdings in Caretrust REIT by 9.8% in the second quarter. BlackRock Inc. now owns 18,664,330 shares of the real estate investment trust’s stock valued at $443,836,000 after acquiring an additional 1,666,016 shares during the last quarter. Tower Research Capital LLC TRC acquired a new position in Caretrust REIT in the second quarter valued at $197,000. Nordea Investment Management AB acquired a new position in Caretrust REIT in the first quarter valued at $4,305,000. Finally, Aperio Group LLC boosted its holdings in Caretrust REIT by 18.9% in the second quarter. Aperio Group LLC now owns 31,141 shares of the real estate investment trust’s stock valued at $741,000 after acquiring an additional 4,942 shares during the last quarter. Institutional investors and hedge funds own 88.57% of the company’s stock.

A number of research analysts recently weighed in on CTRE shares. BMO Capital Markets reiterated a “buy” rating and issued a $26.00 target price on shares of Caretrust REIT in a report on Wednesday, August 7th. Barclays began coverage on Caretrust REIT in a research report on Tuesday, September 3rd. They issued an “overweight” rating and a $26.00 price objective on the stock. Capital One Financial raised Caretrust REIT from an “equal weight” rating to an “overweight” rating and set a $25.00 price objective on the stock in a research report on Wednesday, August 21st. Berenberg Bank began coverage on Caretrust REIT in a research report on Thursday, September 12th. They issued a “buy” rating and a $29.00 price objective on the stock. Finally, ValuEngine lowered Caretrust REIT from a “buy” rating to a “hold” rating in a research report on Thursday, August 1st. Three equities research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company’s stock. The stock has an average rating of “Buy” and a consensus target price of $25.22.

NASDAQ:CTRE opened at $23.55 on Friday. The business’s 50-day moving average is $23.55 and its two-hundred day moving average is $23.84. The company has a debt-to-equity ratio of 0.56, a current ratio of 0.97 and a quick ratio of 0.97. Caretrust REIT Inc has a 12 month low of $16.68 and a 12 month high of $25.54. The firm has a market capitalization of $2.25 billion, a PE ratio of 18.40 and a beta of 0.67.

Caretrust REIT (NASDAQ:CTRE) last released its quarterly earnings data on Tuesday, August 6th. The real estate investment trust reported $0.21 EPS for the quarter, missing the consensus estimate of $0.35 by ($0.14). Caretrust REIT had a net margin of 39.70% and a return on equity of 8.08%. The company had revenue of $46.20 million during the quarter, compared to analysts’ expectations of $43.23 million. During the same period last year, the business earned $0.33 earnings per share. The company’s revenue for the quarter was up 18.6% compared to the same quarter last year. Equities analysts anticipate that Caretrust REIT Inc will post 1.35 EPS for the current year.

The firm also recently announced a — dividend, which will be paid on Tuesday, October 15th. Stockholders of record on Monday, September 30th will be given a dividend of $0.225 per share. This represents a dividend yield of 3.9%. The ex-dividend date is Friday, September 27th. Caretrust REIT’s payout ratio is 70.31%.

About Caretrust REIT

CareTrust REIT, Inc is a self-administered, publicly-traded real estate investment trust engaged in the ownership, acquisition and leasing of seniors housing and healthcare-related properties. With 199 net-leased healthcare properties and three operated seniors housing properties in 27 states, CareTrust is pursuing opportunities across the nation to acquire properties that will be leased to a diverse group of local, regional and national seniors housing operators, healthcare services providers, and other healthcare-related businesses.

Further Reading: Dividend Reinvestment Plan (DRIP)

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

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