CareTrust REIT, Inc. (NASDAQ:CTRE) Shares Acquired by Asset Management One Co. Ltd.

Asset Management One Co. Ltd. increased its holdings in CareTrust REIT, Inc. (NASDAQ:CTRE) by 30.1% during the 4th quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 340,140 shares of the real estate investment trust’s stock after acquiring an additional 78,710 shares during the quarter. Asset Management One Co. Ltd. owned approximately 0.29% of CareTrust REIT worth $7,711,000 as of its most recent filing with the SEC.

Several other institutional investors have also modified their holdings of the business. Van ECK Associates Corp lifted its stake in shares of CareTrust REIT by 4.3% in the third quarter. Van ECK Associates Corp now owns 11,730 shares of the real estate investment trust’s stock worth $240,000 after acquiring an additional 486 shares in the last quarter. Exchange Traded Concepts LLC increased its holdings in CareTrust REIT by 0.8% in the fourth quarter. Exchange Traded Concepts LLC now owns 65,569 shares of the real estate investment trust’s stock valued at $1,467,000 after buying an additional 516 shares during the last quarter. Vident Investment Advisory LLC increased its holdings in CareTrust REIT by 2.1% in the fourth quarter. Vident Investment Advisory LLC now owns 26,574 shares of the real estate investment trust’s stock valued at $494,000 after buying an additional 535 shares during the last quarter. MBM Wealth Consultants LLC increased its holdings in CareTrust REIT by 4.7% in the third quarter. MBM Wealth Consultants LLC now owns 13,108 shares of the real estate investment trust’s stock valued at $282,000 after buying an additional 592 shares during the last quarter. Finally, Foundations Investment Advisors LLC increased its holdings in CareTrust REIT by 5.5% in the third quarter. Foundations Investment Advisors LLC now owns 11,479 shares of the real estate investment trust’s stock valued at $235,000 after buying an additional 601 shares during the last quarter. Institutional investors and hedge funds own 87.77% of the company’s stock.

Analysts Set New Price Targets

Several analysts recently weighed in on the company. Deutsche Bank Aktiengesellschaft assumed coverage on CareTrust REIT in a report on Tuesday, January 30th. They issued a “hold” rating and a $23.00 price objective for the company. Royal Bank of Canada lowered their price objective on CareTrust REIT from $25.00 to $24.00 and set an “outperform” rating for the company in a report on Wednesday, January 31st. Finally, KeyCorp boosted their price objective on CareTrust REIT from $22.00 to $25.00 and gave the company an “overweight” rating in a report on Friday, January 5th. Three analysts have rated the stock with a hold rating and five have given a buy rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $23.57.

CareTrust REIT Stock Down 0.4 %

NASDAQ:CTRE opened at $24.32 on Wednesday. The firm has a market capitalization of $3.28 billion, a PE ratio of 49.63 and a beta of 1.05. The stock has a 50 day moving average of $23.13 and a 200-day moving average of $22.40. CareTrust REIT, Inc. has a 52 week low of $18.18 and a 52 week high of $24.62. The company has a current ratio of 8.67, a quick ratio of 8.67 and a debt-to-equity ratio of 0.42.

CareTrust REIT Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Monday, April 15th. Stockholders of record on Thursday, March 28th will be issued a dividend of $0.29 per share. The ex-dividend date is Wednesday, March 27th. This is a positive change from CareTrust REIT’s previous quarterly dividend of $0.28. This represents a $1.16 annualized dividend and a dividend yield of 4.77%. CareTrust REIT’s dividend payout ratio is 236.73%.

About CareTrust REIT

CareTrust REIT, Inc is a self-administered, publicly-traded real estate investment trust engaged in the ownership, acquisition, development and leasing of skilled nursing, seniors housing and other healthcare-related properties. With a nationwide portfolio of long-term net-leased properties, and a growing portfolio of quality operators leasing them, CareTrust REIT is pursuing both external and organic growth opportunities across the United States.