Asset Management One Co. Ltd. Acquires 78,710 Shares of CareTrust REIT, Inc. (NASDAQ:CTRE)

Asset Management One Co. Ltd. raised its position in shares of CareTrust REIT, Inc. (NASDAQ:CTRE - Free Report) by 30.1% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 340,140 shares of the real estate investment trust's stock after buying an additional 78,710 shares during the quarter. Asset Management One Co. Ltd. owned about 0.29% of CareTrust REIT worth $7,711,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also added to or reduced their stakes in the company. WealthShield Partners LLC lifted its position in CareTrust REIT by 12.2% during the fourth quarter. WealthShield Partners LLC now owns 41,367 shares of the real estate investment trust's stock valued at $937,000 after buying an additional 4,503 shares during the period. AlphaMark Advisors LLC lifted its position in CareTrust REIT by 245.2% during the fourth quarter. AlphaMark Advisors LLC now owns 3,625 shares of the real estate investment trust's stock valued at $81,000 after buying an additional 2,575 shares during the period. State of Alaska Department of Revenue lifted its position in CareTrust REIT by 9.9% during the fourth quarter. State of Alaska Department of Revenue now owns 120,363 shares of the real estate investment trust's stock valued at $2,692,000 after buying an additional 10,855 shares during the period. Global Retirement Partners LLC increased its holdings in shares of CareTrust REIT by 113.9% during the fourth quarter. Global Retirement Partners LLC now owns 1,388 shares of the real estate investment trust's stock valued at $31,000 after acquiring an additional 739 shares in the last quarter. Finally, Values First Advisors Inc. increased its holdings in shares of CareTrust REIT by 9.2% during the fourth quarter. Values First Advisors Inc. now owns 11,401 shares of the real estate investment trust's stock valued at $255,000 after acquiring an additional 965 shares in the last quarter. Hedge funds and other institutional investors own 87.77% of the company's stock.

Analysts Set New Price Targets

Several brokerages have recently weighed in on CTRE. Royal Bank of Canada reduced their price target on CareTrust REIT from $25.00 to $24.00 and set an "outperform" rating for the company in a report on Wednesday, January 31st. Deutsche Bank Aktiengesellschaft began coverage on CareTrust REIT in a report on Tuesday, January 30th. They set a "hold" rating and a $23.00 price target for the company. Finally, KeyCorp raised their price target on CareTrust REIT from $22.00 to $25.00 and gave the company an "overweight" rating in a report on Friday, January 5th. 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 data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and a consensus target price of $23.57.

CareTrust REIT Stock Performance

NASDAQ CTRE traded down $0.77 during trading hours on Wednesday, hitting $23.55. The company's stock had a trading volume of 1,287,330 shares, compared to its average volume of 1,448,696. CareTrust REIT, Inc. has a 12 month low of $18.18 and a 12 month high of $24.62. The company's 50 day simple moving average is $23.18 and its two-hundred day simple moving average is $22.40. The company has a market cap of $3.18 billion, a P/E ratio of 48.05 and a beta of 1.05. The company has a debt-to-equity ratio of 0.42, a current ratio of 8.67 and a quick ratio of 8.67.

CareTrust REIT Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, April 15th. Investors of record on Thursday, March 28th will be issued a $0.29 dividend. This represents a $1.16 annualized dividend and a yield of 4.93%. This is an increase from CareTrust REIT's previous quarterly dividend of $0.28. The ex-dividend date of this dividend is Wednesday, March 27th. CareTrust REIT's dividend payout ratio (DPR) is presently 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.