Aew Capital Management L P Raises Position in CareTrust REIT, Inc. $CTRE

Aew Capital Management L P grew its stake in CareTrust REIT, Inc. (NASDAQ:CTRE) by 42.0% during the third quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 1,097,481 shares of the real estate investment trust’s stock after purchasing an additional 324,610 shares during the quarter. CareTrust REIT makes up about 2.1% of Aew Capital Management L P’s holdings, making the stock its 15th largest position. Aew Capital Management L P owned approximately 0.49% of CareTrust REIT worth $38,061,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors have also bought and sold shares of CTRE. Cozad Asset Management Inc. bought a new position in CareTrust REIT during the 3rd quarter valued at $1,911,000. Greenland Capital Management LP purchased a new stake in shares of CareTrust REIT in the third quarter valued at about $4,855,000. Advisors Preferred LLC bought a new position in shares of CareTrust REIT during the third quarter valued at about $967,000. Personal CFO Solutions LLC purchased a new position in CareTrust REIT during the third quarter worth about $227,000. Finally, First National Bank of Omaha purchased a new position in CareTrust REIT during the third quarter worth about $412,000. Institutional investors own 87.77% of the company’s stock.

CareTrust REIT Price Performance

Shares of NASDAQ CTRE opened at $40.57 on Wednesday. The stock has a fifty day simple moving average of $37.65 and a two-hundred day simple moving average of $36.00. CareTrust REIT, Inc. has a 1-year low of $24.98 and a 1-year high of $41.36. The firm has a market cap of $9.06 billion, a price-to-earnings ratio of 51.35, a price-to-earnings-growth ratio of 1.25 and a beta of 0.75. The company has a current ratio of 3.82, a quick ratio of 3.82 and a debt-to-equity ratio of 0.14.

CareTrust REIT Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Thursday, January 15th. Investors of record on Wednesday, December 31st were issued a $0.335 dividend. The ex-dividend date of this dividend was Wednesday, December 31st. This represents a $1.34 annualized dividend and a yield of 3.3%. CareTrust REIT’s dividend payout ratio (DPR) is 86.45%.

Wall Street Analyst Weigh In

Several equities analysts have commented on the stock. Cantor Fitzgerald lifted their target price on shares of CareTrust REIT from $37.00 to $42.00 and gave the stock a “neutral” rating in a research report on Tuesday, February 17th. The Goldman Sachs Group set a $44.00 price target on CareTrust REIT in a report on Thursday, January 22nd. Citizens Jmp assumed coverage on CareTrust REIT in a research note on Thursday, January 22nd. They issued a “market outperform” rating and a $44.00 price objective for the company. Citigroup assumed coverage on CareTrust REIT in a research report on Thursday, January 22nd. They set a “market outperform” rating for the company. Finally, Jefferies Financial Group lifted their target price on CareTrust REIT from $41.00 to $43.00 and gave the stock a “buy” rating in a research note on Monday, December 15th. One equities research analyst has rated the stock with a Strong Buy rating, eight have assigned a Buy rating, one has issued a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and an average price target of $40.18.

About CareTrust REIT

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.