Capstone Asset Management Co. Sells 570 Shares of CareTrust REIT, Inc. (NASDAQ:CTRE)

Capstone Asset Management Co. reduced its position in CareTrust REIT, Inc. (NASDAQ:CTRE) by 2.7% during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 20,606 shares of the real estate investment trust’s stock after selling 570 shares during the period. Capstone Asset Management Co.’s holdings in CareTrust REIT were worth $382,000 as of its most recent filing with the SEC.

Other large investors have also bought and sold shares of the company. LS Investment Advisors LLC raised its stake in CareTrust REIT by 231.5% in the first quarter. LS Investment Advisors LLC now owns 6,924 shares of the real estate investment trust’s stock worth $116,000 after buying an additional 4,835 shares in the last quarter. State of Alaska Department of Revenue raised its stake in 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 valued at $122,000 after buying an additional 320 shares during the period. ProShare Advisors LLC raised its stake in CareTrust REIT by 166.7% in the first quarter. ProShare Advisors LLC now owns 31,254 shares of the real estate investment trust’s stock valued at $150,000 after buying an additional 19,537 shares during the period. Oppenheimer Asset Management Inc. purchased a new stake in CareTrust REIT during the first quarter valued at approximately $185,000. Finally, Mason Street Advisors LLC raised its stake in CareTrust REIT by 10.0% in the first quarter. Mason Street Advisors LLC now owns 15,484 shares of the real estate investment trust’s stock valued at $260,000 after buying an additional 1,410 shares during the period. Institutional investors own 81.66% of the company’s stock.

CareTrust REIT, Inc. (CTRE) opened at 18.86 on Friday. CareTrust REIT, Inc. has a 52-week low of $12.70 and a 52-week high of $19.86.

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Several equities research analysts have commented on the stock. BidaskClub upgraded shares of CareTrust REIT from a “buy” rating to a “strong-buy” rating in a research note on Thursday, June 15th. Zacks Investment Research upgraded shares of CareTrust REIT from a “sell” rating to a “hold” rating in a research note on Thursday, May 4th. BMO Capital Markets set a $18.00 price objective on shares of CareTrust REIT and gave the company a “buy” rating in a research note on Monday, May 15th. TheStreet upgraded shares of CareTrust REIT from a “c” rating to a “b” rating in a research note on Friday, May 5th. Finally, Raymond James Financial, Inc. reiterated an “outperform” rating and issued a $19.00 price objective (up previously from $17.00) on shares of CareTrust REIT in a research note on Wednesday, May 17th. Five equities research analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. CareTrust REIT has a consensus rating of “Hold” and an average target price of $18.00.

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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