Todays Report: Today, IndexIQ Advisors LLC Reached $847,000 position of CareTrust REIT Inc. (CTRE)

Today, IndexIQ Advisors LLC Reached $847,000 position  of CareTrust REIT Inc. (CTRE)

IndexIQ Advisors LLC raised its position in shares of CareTrust REIT Inc. (NASDAQ:CTRE) by 24.3% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 57,275 shares of the real estate investment trust’s stock after buying an additional 11,202 shares during the period. IndexIQ Advisors LLC owned approximately 0.10% of CareTrust REIT worth $847,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also modified their holdings of the company. Keeley Asset Management Corp increased its position in shares of CareTrust REIT by 204.1% in the second quarter. Keeley Asset Management Corp now owns 2,266,007 shares of the real estate investment trust’s stock worth $31,226,000 after buying an additional 1,520,954 shares in the last quarter. Bank of New York Mellon Corp increased its position in shares of CareTrust REIT by 98.9% in the third quarter. Bank of New York Mellon Corp now owns 2,167,755 shares of the real estate investment trust’s stock worth $32,039,000 after buying an additional 1,078,048 shares in the last quarter. American Century Companies Inc. increased its position in shares of CareTrust REIT by 702.6% in the second quarter. American Century Companies Inc. now owns 745,674 shares of the real estate investment trust’s stock worth $10,275,000 after buying an additional 652,772 shares in the last quarter. Emerald Mutual Fund Advisers Trust increased its position in shares of CareTrust REIT by 186.9% in the second quarter. Emerald Mutual Fund Advisers Trust now owns 918,235 shares of the real estate investment trust’s stock worth $12,653,000 after buying an additional 598,205 shares in the last quarter. Finally, Emerald Advisers Inc. PA increased its position in shares of CareTrust REIT by 186.5% in the second quarter. Emerald Advisers Inc. PA now owns 870,307 shares of the real estate investment trust’s stock worth $11,993,000 after buying an additional 566,567 shares in the last quarter. 86.35% of the stock is owned by hedge funds and other institutional investors.

Shares of CareTrust REIT Inc. (NASDAQ:CTRE) traded up 1.20% during mid-day trading on Friday, hitting $14.38. The company had a trading volume of 129,047 shares. The firm’s 50 day moving average is $0.00 and its 200-day moving average is $0.00. CareTrust REIT Inc. has a 12-month low of $9.12 and a 12-month high of $15.88.

CTRE has been the subject of a number of analyst reports. Stephens initiated coverage on CareTrust REIT in a report on Wednesday, September 14th. They issued an “overweight” rating and a $16.00 price target for the company. Canaccord Genuity reaffirmed a “buy” rating and set a $18.00 target price on shares of CareTrust REIT in a report on Thursday, September 8th. Barclays PLC reaffirmed a “hold” rating and set a $16.00 target price on shares of CareTrust REIT in a report on Thursday, November 3rd. Zacks Investment Research raised CareTrust REIT from a “hold” rating to a “buy” rating and set a $17.00 target price on the stock in a report on Wednesday, August 10th. Finally, JMP Securities reaffirmed a “hold” rating on shares of CareTrust REIT in a report on Tuesday. Five equities research analysts have rated the stock with a hold rating and four have given a buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and a consensus price target of $15.42.

CareTrust REIT Company Profile

CareTrust REIT, Inc is a self-administered, self-managed real estate investment trust (REIT). The Company is primarily engaged in the ownership, acquisition and leasing of healthcare-related properties. The Company’s segment consists of investments in healthcare-related real estate assets. The Company’s real estate portfolio includes approximately 120 skilled nursing facilities (SNFs), assisted living facilities (ALFs) and independent living facilities (ILFs).

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