Bank of Montreal Can Acquires 75,133 Shares of CareTrust REIT, Inc. (NASDAQ:CTRE)

Bank of Montreal Can increased its position in CareTrust REIT, Inc. (NASDAQ:CTRE) by 80.6% during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 168,294 shares of the real estate investment trust’s stock after buying an additional 75,133 shares during the period. Bank of Montreal Can’s holdings in CareTrust REIT were worth $3,121,000 as of its most recent SEC filing.

Several other institutional investors also recently made changes to their positions in the company. State of Alaska Department of Revenue raised its position in shares of 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 in the last quarter. Municipal Employees Retirement System of Michigan raised its position in shares of CareTrust REIT by 1.0% in the first quarter. Municipal Employees Retirement System of Michigan now owns 43,200 shares of the real estate investment trust’s stock valued at $727,000 after buying an additional 430 shares in the last quarter. Strs Ohio raised its position in shares of CareTrust REIT by 0.6% in the first quarter. Strs Ohio now owns 115,294 shares of the real estate investment trust’s stock valued at $1,939,000 after buying an additional 686 shares in the last quarter. Texas Permanent School Fund raised its position in shares of CareTrust REIT by 2.1% in the first quarter. Texas Permanent School Fund now owns 47,942 shares of the real estate investment trust’s stock valued at $806,000 after buying an additional 969 shares in the last quarter. Finally, Louisiana State Employees Retirement System raised its position in shares of CareTrust REIT by 4.3% in the first quarter. Louisiana State Employees Retirement System now owns 26,978 shares of the real estate investment trust’s stock valued at $454,000 after buying an additional 1,100 shares in the last quarter. Institutional investors own 81.66% of the company’s stock.

Shares of CareTrust REIT, Inc. (NASDAQ 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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CTRE has been the topic of several analyst reports. Canaccord Genuity restated a “buy” rating and issued a $19.00 price objective on shares of CareTrust REIT in a report on Wednesday, May 3rd. Zacks Investment Research upgraded shares of CareTrust REIT from a “sell” rating to a “hold” rating in a report on Thursday, May 4th. TheStreet upgraded shares of CareTrust REIT from a “c” rating to a “b” rating in a report on Friday, May 5th. BMO Capital Markets set a $18.00 price objective on shares of CareTrust REIT and gave the company a “buy” rating in a report on Monday, May 15th. Finally, Raymond James Financial, Inc. restated an “outperform” rating and issued a $19.00 price objective (up from $17.00) on shares of CareTrust REIT in a report on Wednesday, May 17th. Five analysts have rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. The stock currently has an average rating of “Hold” and a consensus 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)

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