Vontobel Holding Ltd. Makes New $275,000 Investment in CareTrust REIT, Inc. (NASDAQ:CTRE)

Vontobel Holding Ltd. purchased a new position in shares of CareTrust REIT, Inc. (NASDAQ:CTRE) during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund purchased 12,269 shares of the real estate investment trust’s stock, valued at approximately $275,000.

Other institutional investors also recently added to or reduced their stakes in the company. SG Americas Securities LLC grew its stake in shares of CareTrust REIT by 524.4% in the 3rd quarter. SG Americas Securities LLC now owns 60,483 shares of the real estate investment trust’s stock valued at $1,240,000 after purchasing an additional 50,797 shares during the last quarter. Exchange Traded Concepts LLC grew its stake in shares of CareTrust REIT by 109.9% in the 3rd quarter. Exchange Traded Concepts LLC now owns 65,053 shares of the real estate investment trust’s stock valued at $1,334,000 after purchasing an additional 34,063 shares during the last quarter. Valicenti Advisory Services Inc. purchased a new position in shares of CareTrust REIT in the 3rd quarter valued at approximately $884,000. MBM Wealth Consultants LLC grew its stake in shares of CareTrust REIT by 4.7% in the 3rd quarter. MBM Wealth Consultants LLC now owns 13,108 shares of the real estate investment trust’s stock valued at $282,000 after purchasing an additional 592 shares during the last quarter. Finally, Trust Co. of Toledo NA OH purchased a new position in shares of CareTrust REIT in the 3rd quarter valued at approximately $372,000. Institutional investors and hedge funds own 87.77% of the company’s stock.

CareTrust REIT Stock Up 1.4 %

CTRE opened at $23.92 on Wednesday. The business’s fifty day moving average is $23.57 and its two-hundred day moving average is $22.60. The company has a debt-to-equity ratio of 0.42, a quick ratio of 8.67 and a current ratio of 8.67. The company has a market cap of $3.23 billion, a price-to-earnings ratio of 48.82 and a beta of 1.05. CareTrust REIT, Inc. has a one year low of $18.18 and a one year high of $24.62.

CareTrust REIT Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, April 15th. Shareholders of record on Thursday, March 28th were given a dividend of $0.29 per share. This represents a $1.16 dividend on an annualized basis and a yield of 4.85%. This is an increase from CareTrust REIT’s previous quarterly dividend of $0.28. The ex-dividend date of this dividend was Wednesday, March 27th. CareTrust REIT’s payout ratio is presently 236.73%.

Analyst Ratings Changes

Several brokerages have weighed in on CTRE. Deutsche Bank Aktiengesellschaft began coverage on CareTrust REIT in a research note on Tuesday, January 30th. They issued a “hold” rating and a $23.00 target price on the stock. KeyCorp lifted their price target on CareTrust REIT from $22.00 to $25.00 and gave the company an “overweight” rating in a research note on Friday, January 5th. Finally, Royal Bank of Canada decreased their price target on CareTrust REIT from $25.00 to $24.00 and set an “outperform” rating on the stock in a research note on Wednesday, January 31st. Three research analysts have rated the stock with a hold rating and five have issued a buy rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average target price of $23.57.

CareTrust REIT Profile

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.