Aberdeen Group plc Raises Holdings in CareTrust REIT, Inc. $CTRE

Aberdeen Group plc boosted its stake in shares of CareTrust REIT, Inc. (NASDAQ:CTRE) by 22.1% in the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 84,824 shares of the real estate investment trust’s stock after acquiring an additional 15,374 shares during the quarter. Aberdeen Group plc’s holdings in CareTrust REIT were worth $2,911,000 at the end of the most recent reporting period.

A number of other large investors also recently bought and sold shares of CTRE. Segall Bryant & Hamill LLC increased its stake in CareTrust REIT by 33.5% during the 2nd quarter. Segall Bryant & Hamill LLC now owns 722,727 shares of the real estate investment trust’s stock worth $22,115,000 after buying an additional 181,280 shares in the last quarter. Universal Beteiligungs und Servicegesellschaft mbH boosted its stake in shares of CareTrust REIT by 34.0% in the second quarter. Universal Beteiligungs und Servicegesellschaft mbH now owns 306,495 shares of the real estate investment trust’s stock worth $9,379,000 after acquiring an additional 77,720 shares during the last quarter. Nomura Asset Management Co. Ltd. increased its position in shares of CareTrust REIT by 4.4% during the second quarter. Nomura Asset Management Co. Ltd. now owns 271,310 shares of the real estate investment trust’s stock worth $8,302,000 after purchasing an additional 11,440 shares in the last quarter. Metis Global Partners LLC increased its position in shares of CareTrust REIT by 33.4% during the second quarter. Metis Global Partners LLC now owns 31,718 shares of the real estate investment trust’s stock worth $971,000 after purchasing an additional 7,945 shares in the last quarter. Finally, AGF Management Ltd. acquired a new position in CareTrust REIT in the 3rd quarter valued at $538,000. 87.77% of the stock is owned by institutional investors and hedge funds.

CareTrust REIT Trading Up 0.1%

CTRE opened at $39.99 on Friday. The stock has a market capitalization of $8.93 billion, a PE ratio of 50.62, a P/E/G 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 $41.36. 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 business’s 50 day moving average price is $37.49 and its 200 day moving average price is $35.86.

CareTrust REIT Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, January 15th. Stockholders of record on Wednesday, December 31st were issued a dividend of $0.335 per share. The ex-dividend date was Wednesday, December 31st. This represents a $1.34 dividend on an annualized basis and a dividend yield of 3.4%. CareTrust REIT’s dividend payout ratio is currently 86.45%.

Wall Street Analyst Weigh In

Several equities research analysts have issued reports on CTRE shares. KeyCorp lifted their target price on shares of CareTrust REIT from $36.00 to $40.00 and gave the stock an “overweight” rating in a research note on Thursday, December 4th. Royal Bank Of Canada boosted their price target on shares of CareTrust REIT from $36.00 to $41.00 and gave the stock an “outperform” rating in a research report on Monday, November 10th. Wells Fargo & Company upped their price target on CareTrust REIT from $38.00 to $41.00 and gave the company an “overweight” rating in a research report on Tuesday, November 25th. Citizens Jmp initiated coverage on CareTrust REIT in a report on Thursday, January 22nd. They issued a “market outperform” rating and a $44.00 price target for the company. Finally, Citigroup initiated coverage on CareTrust REIT in a research note on Thursday, January 22nd. They set a “market outperform” rating on the stock. One equities research analyst has rated the stock with a Strong Buy rating, eight have issued a Buy rating, one has assigned a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $39.91.

CareTrust REIT Company 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.