Nomura Asset Management Co. Ltd. Has $12.05 Million Stock Holdings in CareTrust REIT, Inc. $CTRE

Nomura Asset Management Co. Ltd. lifted its holdings in CareTrust REIT, Inc. (NYSE:CTRE) by 4.2% in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 333,160 shares of the company’s stock after buying an additional 13,300 shares during the period. Nomura Asset Management Co. Ltd. owned about 0.15% of CareTrust REIT worth $12,047,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also modified their holdings of CTRE. Principal Financial Group Inc. boosted its position in CareTrust REIT by 7.5% during the fourth quarter. Principal Financial Group Inc. now owns 1,328,660 shares of the company’s stock valued at $48,044,000 after purchasing an additional 93,101 shares during the last quarter. Aberdeen Group plc boosted its position in CareTrust REIT by 22.1% during the third quarter. Aberdeen Group plc now owns 84,824 shares of the company’s stock valued at $2,911,000 after purchasing an additional 15,374 shares during the last quarter. AGF Management Ltd. acquired a new stake in CareTrust REIT during the third quarter valued at $538,000. Sound Income Strategies LLC boosted its position in CareTrust REIT by 6.4% during the fourth quarter. Sound Income Strategies LLC now owns 621,732 shares of the company’s stock valued at $23,477,000 after purchasing an additional 37,503 shares during the last quarter. Finally, BI Asset Management Fondsmaeglerselskab A S boosted its position in CareTrust REIT by 545.9% during the third quarter. BI Asset Management Fondsmaeglerselskab A S now owns 80,239 shares of the company’s stock valued at $2,783,000 after purchasing an additional 67,817 shares during the last quarter. Institutional investors and hedge funds own 87.77% of the company’s stock.

CareTrust REIT Price Performance

NYSE CTRE opened at $38.73 on Wednesday. CareTrust REIT, Inc. has a fifty-two week low of $27.81 and a fifty-two week high of $43.08. The stock’s 50-day moving average is $39.39 and its two-hundred day moving average is $38.41. The company has a debt-to-equity ratio of 0.22, a current ratio of 2.38 and a quick ratio of 2.37. The firm has a market cap of $9.15 billion, a P/E ratio of 24.82, a price-to-earnings-growth ratio of 1.78 and a beta of 0.76.

CareTrust REIT Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Wednesday, April 15th. Shareholders of record on Tuesday, March 31st were issued a dividend of $0.39 per share. This represents a $1.56 annualized dividend and a yield of 4.0%. This is an increase from CareTrust REIT’s previous quarterly dividend of $0.34. The ex-dividend date was Tuesday, March 31st. CareTrust REIT’s dividend payout ratio is 100.00%.

Wall Street Analyst Weigh In

CTRE has been the subject of a number of research reports. UBS Group lifted their price objective on CareTrust REIT from $44.00 to $48.00 and gave the company a “buy” rating in a research report on Wednesday, February 18th. Cantor Fitzgerald lifted their price objective on CareTrust REIT from $37.00 to $42.00 and gave the company a “neutral” rating in a research report on Tuesday, February 17th. Weiss Ratings cut CareTrust REIT from a “buy (a)” rating to a “buy (a-)” rating in a research report on Tuesday, May 26th. Zacks Research raised CareTrust REIT from a “strong sell” rating to a “hold” rating in a research report on Monday, May 25th. Finally, Royal Bank Of Canada lifted their price objective on CareTrust REIT from $41.00 to $44.00 and gave the company an “outperform” rating in a research report on Tuesday, February 24th. Three investment analysts have rated the stock with a Strong Buy rating, eight have assigned a Buy rating and two have assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Buy” and a consensus price target of $44.09.

About CareTrust REIT

CareTrust REIT, Inc is a real estate investment trust based in Deerfield Beach, Florida, specializing in the ownership, acquisition and management of net-leased healthcare properties. The company primarily focuses on seniors housing and post-acute care facilities, entering into long-term, triple-net lease agreements with leading operators in the skilled nursing, assisted living, memory care, inpatient rehabilitation and specialty hospital sectors. Through its portfolio, CareTrust REIT aims to provide investors with stable and predictable rental income while supporting the ongoing demand for quality healthcare real estate across the United States.

Since its initial public offering in September 2013, CareTrust REIT has pursued a disciplined acquisition strategy, targeting properties in primary and select secondary markets.