55,118 Shares in CareTrust REIT, Inc. $CTRE Purchased by Cozad Asset Management Inc.

Cozad Asset Management Inc. purchased a new stake in shares of CareTrust REIT, Inc. (NASDAQ:CTRE) in the third quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor purchased 55,118 shares of the real estate investment trust’s stock, valued at approximately $1,911,000.

Several other institutional investors have also added to or reduced their stakes in CTRE. Greenland Capital Management LP purchased a new stake in shares of CareTrust REIT during the 3rd quarter worth approximately $4,855,000. Advisors Preferred LLC bought a new stake in CareTrust REIT in the third quarter worth $967,000. Personal CFO Solutions LLC bought a new stake in CareTrust REIT in the third quarter worth $227,000. First National Bank of Omaha purchased a new stake in CareTrust REIT during the third quarter valued at $412,000. Finally, M&G PLC bought a new position in CareTrust REIT during the third quarter valued at $224,000. Hedge funds and other institutional investors own 87.77% of the company’s stock.

Analysts Set New Price Targets

A number of equities analysts have commented on CTRE shares. Citigroup began coverage on shares of CareTrust REIT in a research note on Thursday, January 22nd. They issued a “market outperform” rating for the company. The Goldman Sachs Group set a $44.00 price objective on CareTrust REIT in a research note on Thursday, January 22nd. UBS Group raised their price objective on CareTrust REIT from $44.00 to $48.00 and gave the company a “buy” rating in a research note on Wednesday, February 18th. Cantor Fitzgerald boosted their target price on CareTrust REIT from $37.00 to $42.00 and gave the company a “neutral” rating in a research report on Tuesday, February 17th. Finally, Jefferies Financial Group increased their price target on CareTrust REIT from $41.00 to $43.00 and gave the company a “buy” rating in a report on Monday, December 15th. One equities research analyst has rated the stock with a Strong Buy rating, eight have given a Buy rating, one has given a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $40.18.

CareTrust REIT Trading Up 0.8%

CTRE opened at $40.92 on Thursday. 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 stock’s 50 day moving average price is $37.74 and its 200-day moving average price is $36.03. CareTrust REIT, Inc. has a one year low of $25.48 and a one year high of $41.36. The stock has a market cap of $9.13 billion, a price-to-earnings ratio of 51.80, a P/E/G ratio of 1.25 and a beta of 0.75.

CareTrust REIT Dividend Announcement

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

CareTrust REIT 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.