Vontobel Holding Ltd. Makes New 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 its most recent disclosure with the Securities and Exchange Commission. The firm purchased 12,269 shares of the real estate investment trust’s stock, valued at approximately $275,000.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Global Retirement Partners LLC grew its position 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 purchasing an additional 739 shares during the period. ORG Partners LLC acquired a new stake in CareTrust REIT during the 3rd quarter worth about $31,000. AlphaMark Advisors LLC grew its position in shares of 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 valued at $81,000 after acquiring an additional 2,575 shares during the period. Ninepoint Partners LP acquired a new stake in shares of CareTrust REIT during the 3rd quarter valued at about $113,000. Finally, International Assets Investment Management LLC acquired a new stake in shares of CareTrust REIT during the 4th quarter valued at about $2,500,000. 87.77% of the stock is owned by institutional investors and hedge funds.

CareTrust REIT Trading Up 1.4 %

Shares of CareTrust REIT stock opened at $23.92 on Wednesday. The firm has a market capitalization of $3.23 billion, a PE ratio of 48.82 and a beta of 1.05. CareTrust REIT, Inc. has a twelve month low of $18.18 and a twelve month high of $24.62. The firm’s 50-day moving average price is $23.57 and its 200 day moving average price is $22.60. The company has a current ratio of 8.67, a quick ratio of 8.67 and a debt-to-equity ratio of 0.42.

CareTrust REIT Increases Dividend

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

Analyst Ratings Changes

CTRE has been the topic of a number of analyst reports. KeyCorp raised their target price on CareTrust REIT from $22.00 to $25.00 and gave the company an “overweight” rating in a research report on Friday, January 5th. Deutsche Bank Aktiengesellschaft initiated coverage on CareTrust REIT in a research report on Tuesday, January 30th. They set a “hold” rating and a $23.00 target price on the stock. Finally, Royal Bank of Canada dropped their target price on CareTrust REIT from $25.00 to $24.00 and set an “outperform” rating on the stock in a research report on Wednesday, January 31st. Three research analysts have rated the stock with a hold rating and five have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus 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.