State Street Amends CareTrust REIT Stake as of 12/31/23
Ticker: CTRE · Form: SC 13G/A · Filed: Jan 30, 2024 · CIK: 1590717
Complexity: simple
Sentiment: neutral
Topics: institutional-ownership, amendment, passive-investment, REIT
TL;DR
**State Street updated its passive stake in CareTrust REIT, showing continued institutional holding.**
AI Summary
State Street Corporation, a major financial institution, filed an amended Schedule 13G on January 30, 2024, disclosing its ownership in CareTrust REIT, Inc. as of December 31, 2023. This filing indicates that State Street continues to hold a significant, though passive, stake in CareTrust REIT, a company focused on real estate investment trusts. For investors, this means a large institutional player maintains its position, suggesting continued confidence in the REIT's long-term prospects, but no active management changes are implied.
Why It Matters
This filing shows that a major institutional investor, State Street Corporation, still holds a significant position in CareTrust REIT, which can be a signal of institutional confidence for other investors.
Risk Assessment
Risk Level: low — This is a routine update from a passive institutional investor and does not indicate any immediate risks or significant changes in company operations.
Analyst Insight
A smart investor would note State Street's continued passive holding as a sign of institutional stability for CareTrust REIT, but would not interpret it as a signal for immediate buying or selling, as it's a routine disclosure of a passive stake.
Key Players & Entities
- State Street Corporation (company) — the reporting person filing the SC 13G/A
- CareTrust REIT, Inc. (company) — the subject company whose securities are being reported
- December 31, 2023 (date) — the date of the event which requires the filing of this statement
- 0001590717 (number) — Central Index Key (CIK) for CareTrust REIT, Inc.
- 0000093751 (number) — Central Index Key (CIK) for State Street Corporation
FAQ
What type of filing is this document?
This document is an SC 13G/A, which is an amendment to a Schedule 13G, indicating a change or update to a previously reported passive ownership stake.
Who is the reporting person in this filing?
The reporting person is State Street Corporation, identified by CIK 0000093751 and IRS Identification No. 04-2456637.
What is the subject company whose securities are being reported?
The subject company is CareTrust REIT, Inc., identified by CIK 0001590717, with the title of class of securities being 'REIT'.
What is the CUSIP number for the securities mentioned in this filing?
The CUSIP number for the securities of CareTrust REIT, Inc. is 14174T107.
What is the 'Date of Event Which Requires Filing of This Statement'?
The 'Date of Event Which Requires Filing of This Statement' is December 31, 2023.
Filing Details
This Form SC 13G/A (Form SC 13G/A) was filed with the SEC on January 30, 2024 regarding CareTrust REIT, Inc. (CTRE).