International Assets Investment Management LLC Invests $2.50 Million in CareTrust REIT, Inc. (NASDAQ:CTRE)

International Assets Investment Management LLC bought a new position in shares of CareTrust REIT, Inc. (NASDAQ:CTRE) during the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm bought 11,190 shares of the real estate investment trust’s stock, valued at approximately $2,500,000.

Several other large investors have also made changes to their positions in the company. Asset Management One Co. Ltd. boosted its position in shares of CareTrust REIT by 30.1% during the 4th quarter. Asset Management One Co. Ltd. now owns 340,140 shares of the real estate investment trust’s stock worth $7,711,000 after acquiring an additional 78,710 shares in the last quarter. WealthShield Partners LLC boosted its position in shares of CareTrust REIT by 12.2% during the 4th quarter. WealthShield Partners LLC now owns 41,367 shares of the real estate investment trust’s stock worth $937,000 after acquiring an additional 4,503 shares in the last quarter. AlphaMark Advisors LLC boosted its position in shares of CareTrust REIT by 245.2% during the 4th quarter. AlphaMark Advisors LLC now owns 3,625 shares of the real estate investment trust’s stock worth $81,000 after acquiring an additional 2,575 shares in the last quarter. State of Alaska Department of Revenue boosted its position in shares of CareTrust REIT by 9.9% during the 4th quarter. State of Alaska Department of Revenue now owns 120,363 shares of the real estate investment trust’s stock worth $2,692,000 after acquiring an additional 10,855 shares in the last quarter. Finally, Global Retirement Partners LLC boosted its position in shares of CareTrust REIT by 113.9% during the 4th quarter. Global Retirement Partners LLC now owns 1,388 shares of the real estate investment trust’s stock worth $31,000 after acquiring an additional 739 shares in the last quarter. Institutional investors and hedge funds own 87.77% of the company’s stock.

Analyst Upgrades and Downgrades

Several research firms recently issued reports on CTRE. KeyCorp increased their price target on shares of CareTrust REIT from $22.00 to $25.00 and gave the stock an “overweight” rating in a research report on Friday, January 5th. Royal Bank of Canada reduced their price target on shares of CareTrust REIT from $25.00 to $24.00 and set an “outperform” rating on the stock in a research report on Wednesday, January 31st. Finally, Deutsche Bank Aktiengesellschaft began coverage on shares of CareTrust REIT in a research report on Tuesday, January 30th. They issued a “hold” rating and a $23.00 target price on the stock. Three investment analysts have rated the stock with a hold rating and five have assigned a buy rating to the company’s stock. According to MarketBeat, CareTrust REIT currently has a consensus rating of “Moderate Buy” and an average price target of $23.57.

CareTrust REIT Price Performance

Shares of NASDAQ:CTRE opened at $23.74 on Friday. The firm has a market cap of $3.20 billion, a PE ratio of 48.45 and a beta of 1.05. The firm’s fifty day moving average is $23.54 and its 200-day moving average is $22.52. The company has a debt-to-equity ratio of 0.42, a quick ratio of 8.67 and a current ratio of 8.67. CareTrust REIT, Inc. has a 52 week low of $18.18 and a 52 week high of $24.62.

CareTrust REIT Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, April 15th. Stockholders of record on Thursday, March 28th were issued a dividend of $0.29 per share. This represents a $1.16 dividend on an annualized basis and a dividend yield of 4.89%. The ex-dividend date of this dividend was Wednesday, March 27th. This is a positive change from CareTrust REIT’s previous quarterly dividend of $0.28. CareTrust REIT’s 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.