M&T Bank Corp boosted its position in shares of CareTrust REIT, Inc. (NASDAQ:CTRE – Free Report) by 7.1% during the 1st quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 16,450 shares of the real estate investment trust’s stock after buying an additional 1,094 shares during the quarter. M&T Bank Corp’s holdings in CareTrust REIT were worth $471,000 as of its most recent SEC filing.
Several other institutional investors and hedge funds also recently made changes to their positions in the business. Penserra Capital Management LLC bought a new stake in shares of CareTrust REIT in the 1st quarter valued at $255,000. World Investment Advisors raised its position in CareTrust REIT by 6.0% during the first quarter. World Investment Advisors now owns 22,777 shares of the real estate investment trust’s stock valued at $651,000 after purchasing an additional 1,291 shares in the last quarter. Lightrock Netherlands B.V. raised its position in CareTrust REIT by 49.6% during the first quarter. Lightrock Netherlands B.V. now owns 206,605 shares of the real estate investment trust’s stock valued at $5,915,000 after purchasing an additional 68,485 shares in the last quarter. GF Fund Management CO. LTD. increased its holdings in shares of CareTrust REIT by 26.6% during the first quarter. GF Fund Management CO. LTD. now owns 3,548 shares of the real estate investment trust’s stock worth $101,000 after buying an additional 746 shares in the last quarter. Finally, D.A. Davidson & CO. grew its stake in shares of CareTrust REIT by 7.9% in the first quarter. D.A. Davidson & CO. now owns 39,522 shares of the real estate investment trust’s stock worth $1,130,000 after purchasing an additional 2,877 shares during the last quarter. Institutional investors own 87.77% of the company’s stock.
CareTrust REIT Trading Down 1.0%
NASDAQ:CTRE opened at $30.40 on Thursday. The company has a debt-to-equity ratio of 0.14, a quick ratio of 3.82 and a current ratio of 3.82. The firm has a market cap of $5.83 billion, a price-to-earnings ratio of 38.48, a price-to-earnings-growth ratio of 1.25 and a beta of 0.84. CareTrust REIT, Inc. has a 52 week low of $24.79 and a 52 week high of $33.15. The firm has a 50-day moving average price of $29.59 and a two-hundred day moving average price of $28.08.
CareTrust REIT Announces Dividend
Analysts Set New Price Targets
Separately, Wells Fargo & Company upped their price target on shares of CareTrust REIT from $31.00 to $32.00 and gave the company an “overweight” rating in a research report on Monday, June 2nd. One equities research analyst has rated the stock with a sell rating, one has issued a hold rating and four have given a buy rating to the company’s stock. According to data from MarketBeat.com, CareTrust REIT currently has an average rating of “Moderate Buy” and a consensus price target of $31.17.
View Our Latest Report on CareTrust REIT
CareTrust REIT Company Profile
CareTrust REIT, Inc’s (CareTrust REIT or the Company) primary business consists of acquiring, financing, developing and owning real property to be leased to third-party tenants in the healthcare sector. As of March 31, 2024, the Company owned directly or through a joint venture and leased to independent operators, 228 skilled nursing facilities (SNFs), multi-service campuses, assisted living facilities (ALFs) and independent living facilities (ILFs) consisting of 24,189 operational beds and units located in 29 states with the highest concentration of properties by rental income located in California and Texas.
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