11,190 Shares in CareTrust REIT, Inc. (NASDAQ:CTRE) Acquired by International Assets Investment Management LLC

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

Other hedge funds and other institutional investors have also bought and sold shares of the company. Global Retirement Partners LLC increased its holdings in 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 during the period. ORG Partners LLC bought a new stake in CareTrust REIT during the 3rd quarter worth approximately $31,000. Sunbelt Securities Inc. bought a new stake in CareTrust REIT during the 1st quarter worth approximately $34,000. Tower Research Capital LLC TRC increased its holdings in CareTrust REIT by 366.0% during the 1st quarter. Tower Research Capital LLC TRC now owns 2,344 shares of the real estate investment trust’s stock worth $46,000 after acquiring an additional 1,841 shares during the period. Finally, AlphaMark Advisors LLC increased its holdings in 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 during the period. Institutional investors own 87.77% of the company’s stock.

Analyst Ratings Changes

A number of analysts recently weighed in on the stock. Deutsche Bank Aktiengesellschaft assumed coverage on shares of CareTrust REIT in a report on Tuesday, January 30th. They set a “hold” rating and a $23.00 target price on the stock. Royal Bank of Canada decreased their price target on shares of CareTrust REIT from $25.00 to $24.00 and set an “outperform” rating on the stock in a report on Wednesday, January 31st. Finally, 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 report on Friday, January 5th. Three research 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.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $23.57.

CareTrust REIT Price Performance

Shares of CareTrust REIT stock opened at $23.74 on Friday. CareTrust REIT, Inc. has a 52-week low of $18.18 and a 52-week high of $24.62. The stock has a market capitalization of $3.20 billion, a price-to-earnings ratio of 48.45 and a beta of 1.05. The company has a fifty day moving average of $23.54 and a 200-day moving average of $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 Increases Dividend

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