CareTrust REIT, Inc. $CTRE Shares Acquired by Resona Asset Management Co. Ltd.

Resona Asset Management Co. Ltd. increased its holdings in shares of CareTrust REIT, Inc. (NASDAQ:CTRE) by 18.0% in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 133,329 shares of the real estate investment trust’s stock after purchasing an additional 20,306 shares during the period. Resona Asset Management Co. Ltd. owned 0.06% of CareTrust REIT worth $4,592,000 as of its most recent SEC filing.

A number of other institutional investors also recently bought and sold shares of CTRE. EverSource Wealth Advisors LLC increased its position in CareTrust REIT by 134.2% in the 2nd quarter. EverSource Wealth Advisors LLC now owns 1,124 shares of the real estate investment trust’s stock valued at $34,000 after acquiring an additional 644 shares during the period. Farther Finance Advisors LLC increased its holdings in shares of CareTrust REIT by 75.1% in the third quarter. Farther Finance Advisors LLC now owns 1,492 shares of the real estate investment trust’s stock valued at $52,000 after purchasing an additional 640 shares during the period. Salomon & Ludwin LLC acquired a new stake in shares of CareTrust REIT during the third quarter worth $54,000. Private Trust Co. NA grew its position in CareTrust REIT by 1,328.3% in the 2nd quarter. Private Trust Co. NA now owns 2,828 shares of the real estate investment trust’s stock valued at $87,000 after buying an additional 2,630 shares during the last quarter. Finally, CWM LLC increased its stake in CareTrust REIT by 47.6% in the 2nd quarter. CWM LLC now owns 2,955 shares of the real estate investment trust’s stock valued at $90,000 after buying an additional 953 shares during the period. 87.77% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

CTRE has been the topic of a number of recent analyst reports. Cantor Fitzgerald initiated coverage on shares of CareTrust REIT in a research note on Wednesday, October 1st. They set a “neutral” rating and a $37.00 price target on the stock. Citizens Jmp assumed coverage on shares of CareTrust REIT in a research report on Thursday, January 22nd. They set a “market outperform” rating and a $44.00 target price on the stock. KeyCorp increased their target price on shares of CareTrust REIT from $36.00 to $40.00 and gave the company an “overweight” rating in a report on Thursday, December 4th. UBS Group boosted their price target on CareTrust REIT from $42.00 to $43.00 and gave the stock a “buy” rating in a research note on Thursday, January 8th. Finally, Wells Fargo & Company raised their price objective on CareTrust REIT from $38.00 to $41.00 and gave the company an “overweight” rating in a research note on Tuesday, November 25th. One analyst has rated the stock with a Strong Buy rating, eight have assigned a Buy rating, one has assigned a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average target price of $39.00.

CareTrust REIT Stock Performance

Shares of CTRE stock opened at $36.11 on Wednesday. The company has a debt-to-equity ratio of 0.14, a quick ratio of 3.82 and a current ratio of 3.82. The firm has a market capitalization of $8.06 billion, a price-to-earnings ratio of 45.71, a price-to-earnings-growth ratio of 1.25 and a beta of 0.75. CareTrust REIT, Inc. has a one year low of $24.79 and a one year high of $38.32. The company has a 50 day moving average price of $36.92 and a 200 day moving average price of $34.95.

CareTrust REIT Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, January 15th. Shareholders of record on Wednesday, December 31st were paid a dividend of $0.335 per share. This represents a $1.34 annualized dividend and a yield of 3.7%. The ex-dividend date was Wednesday, December 31st. CareTrust REIT’s payout ratio is currently 100.00%.

CareTrust REIT Profile

CareTrust REIT, Inc is a healthcare-focused real estate investment trust that acquires and manages net-leased properties serving the senior housing and medical markets. The company’s portfolio spans skilled nursing facilities, assisted living communities, independent living properties, medical office buildings and life science facilities. By structuring leases on a triple-net basis, CareTrust REIT offers long-term, stable rental income streams while allowing its tenants to operate and maintain their specialized healthcare facilities.

The company’s assets are geographically diversified across the United States, with a concentration in regions experiencing aging demographics and growing demand for senior care services.