Moab Capital Partners Lowers stake in Caretrust REIT Inc (CTRE)

Caretrust REIT Inc (CTRE) : Moab Capital Partners reduced its stake in Caretrust REIT Inc by 20.77% during the most recent quarter end. The investment management company now holds a total of 1,310,113 shares of Caretrust REIT Inc which is valued at $19,769,605 after selling 343,453 shares in Caretrust REIT Inc , the firm said in a disclosure report filed with the SEC on Aug 15, 2016.Caretrust REIT Inc makes up approximately 6.87% of Moab Capital Partners’s portfolio.

Other Hedge Funds, Including , Susquehanna International Group Llp sold out all of its stake in CTRE during the most recent quarter. The investment firm sold 28,683 shares of CTRE which is valued $432,826.Van Eck Associates Corp reduced its stake in CTRE by selling 107 shares or 4.04% in the most recent quarter. The Hedge Fund company now holds 2,542 shares of CTRE which is valued at $38,359.Credit Suisse Ag boosted its stake in CTRE in the latest quarter, The investment management firm added 5,313 additional shares and now holds a total of 74,569 shares of Caretrust REIT Inc which is valued at $1,125,246.Dynamic Technology Lab Private Ltd reduced its stake in CTRE by selling 311 shares or 1.98% in the most recent quarter. The Hedge Fund company now holds 15,419 shares of CTRE which is valued at $232,673. Caretrust REIT Inc makes up approx 0.06% of Dynamic Technology Lab Private Ltd’s portfolio.

Caretrust REIT Inc closed down -0.07 points or -0.47% at $14.79 with 2,21,549 shares getting traded on Thursday. Post opening the session at $14.9, the shares hit an intraday low of $14.65 and an intraday high of $14.9099 and the price fluctuated in this range throughout the day.Shares ended Thursday session in Red.

On the company’s financial health, Caretrust REIT Inc reported $0.27 EPS for the quarter, beating the analyst consensus estimate by $ 0.01 according to the earnings call on Aug 8, 2016. Analyst had a consensus of $0.26. The company had revenue of $25.70 million for the quarter, compared to analysts expectations of $24.21 million. The company’s revenue was up 47.9% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.25 EPS.

Many Wall Street Analysts have commented on Caretrust REIT Inc. Barclays Initiated Caretrust REIT Inc on Aug 22, 2016 to “Equal Weight”, Price Target of the shares are set at $16.Company shares were Reiterated by Canaccord Genuity on Aug 15, 2016 to “Buy”, Firm has raised the Price Target to $ 18 from a previous price target of $16 .Caretrust REIT Inc was Initiated by Wells Fargo to “Market Perform” on Jul 26, 2016.

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.

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