Heartland Advisors Inc Lowers stake in Caretrust REIT Inc (CTRE)

Caretrust REIT Inc (CTRE) : Heartland Advisors Inc reduced its stake in Caretrust REIT Inc by 0.93% during the most recent quarter end. The investment management company now holds a total of 2,357,162 shares of Caretrust REIT Inc which is valued at $31,562,399 after selling 22,075 shares in Caretrust REIT Inc , the firm said in a disclosure report filed with the SEC on May 3, 2016.Caretrust REIT Inc makes up approximately 1.65% of Heartland Advisors Inc’s portfolio.

Other Hedge Funds, Including , Rhumbline Advisers boosted its stake in CTRE in the latest quarter, The investment management firm added 2,300 additional shares and now holds a total of 59,926 shares of Caretrust REIT Inc which is valued at $802,409. Emerald Advisers Incpa added CTRE to its portfolio by purchasing 303,740 company shares during the most recent quarter which is valued at $3,863,573. Caretrust REIT Inc makes up approx 0.19% of Emerald Advisers Incpa’s portfolio.Louisiana State Employees Retirement System boosted its stake in CTRE in the latest quarter, The investment management firm added 3,800 additional shares and now holds a total of 25,078 shares of Caretrust REIT Inc which is valued at $318,992. Caretrust REIT Inc makes up approx 0.02% of Louisiana State Employees Retirement System’s portfolio. Quantitative Systematic Strategies added CTRE to its portfolio by purchasing 11,914 company shares during the most recent quarter which is valued at $153,214. Caretrust REIT Inc makes up approx 0.06% of Quantitative Systematic Strategies’s portfolio.

Caretrust REIT Inc closed down -0.11 points or -0.81% at $13.49 with 4,14,721 shares getting traded on Tuesday. Post opening the session at $13.57, the shares hit an intraday low of $13.29 and an intraday high of $13.57 and the price fluctuated in this range throughout the day.Shares ended Tuesday session in Red.

On the company’s financial health, Caretrust REIT Inc reported $0.25 EPS for the quarter, beating the analyst consensus estimate by $ 0.01 according to the earnings call on Feb 11, 2016. Analyst had a consensus of $0.24. The company had revenue of $22.60 million for the quarter, compared to analysts expectations of $19.52 million. The company’s revenue was up 40.5% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.25 EPS.

CareTrust REIT Inc. (CareTrust) is a self-administered self-managed real estate investment trust (REIT). The Company is engaged in the ownership acquisition and leasing of healthcare-related properties. The Company operates through an umbrella partnership in which all of the Company’s properties and assets are held through CTR Partnership L.P. (the Operating Partnership). The Operating Partnership is managed by CareTrust’s wholly owned subsidiary CareTrust GP LLC which is the sole general partner of the Operating Partnership. The Company’s portfolio consists of Skilled Nursing Facilities (SNF) Assisted Living Facilities (ALF) and Independent Living Facilities (ILF). The Company’s portfolio of SNFs ALFs and ILFs are diversified by geographic location throughout the western United States with concentrations in Texas and California.

Leave a Reply

Caretrust REIT Inc - Is it time to Sell?

Top Brokerage Firms are advising their investors on Caretrust REIT Inc. Subscribe to MoneyFlowIndex.Org Pre-Market Alerts, You will be the first to know the street buzz.