BI Asset Management Fondsmaeglerselskab A S Has $8.04 Million Stock Holdings in CareTrust REIT, Inc. $CTRE

BI Asset Management Fondsmaeglerselskab A S raised its position in CareTrust REIT, Inc. (NYSE:CTRE) by 227.3% during the first quarter, Holdings Channel reports. The institutional investor owned 219,496 shares of the company’s stock after buying an additional 152,434 shares during the quarter. BI Asset Management Fondsmaeglerselskab A S’s holdings in CareTrust REIT were worth $8,045,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Vanguard Group Inc. raised its position in shares of CareTrust REIT by 0.6% during the fourth quarter. Vanguard Group Inc. now owns 33,184,181 shares of the company’s stock worth $1,199,940,000 after acquiring an additional 210,965 shares during the last quarter. State Street Corp boosted its holdings in CareTrust REIT by 1.8% in the fourth quarter. State Street Corp now owns 12,426,213 shares of the company’s stock valued at $453,411,000 after acquiring an additional 219,641 shares during the last quarter. Wellington Management Group LLP increased its position in CareTrust REIT by 18.1% in the fourth quarter. Wellington Management Group LLP now owns 12,355,966 shares of the company’s stock worth $446,792,000 after purchasing an additional 1,893,143 shares during the period. T. Rowe Price Investment Management Inc. increased its position in CareTrust REIT by 108.5% in the fourth quarter. T. Rowe Price Investment Management Inc. now owns 6,493,898 shares of the company’s stock worth $234,820,000 after purchasing an additional 3,379,732 shares during the period. Finally, Geode Capital Management LLC raised its holdings in CareTrust REIT by 7.2% during the 4th quarter. Geode Capital Management LLC now owns 6,092,398 shares of the company’s stock worth $220,332,000 after purchasing an additional 409,411 shares during the last quarter. 87.77% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of research analysts have issued reports on CTRE shares. Mizuho set a $45.00 target price on shares of CareTrust REIT in a research report on Friday, May 22nd. Weiss Ratings cut shares of CareTrust REIT from a “buy (a-)” rating to a “buy (b+)” rating in a research report on Thursday, June 11th. Citigroup reissued a “market outperform” rating on shares of CareTrust REIT in a research note on Wednesday, June 10th. Raymond James Financial started coverage on shares of CareTrust REIT in a report on Tuesday, June 16th. They issued an “outperform” rating and a $43.00 price objective on the stock. Finally, Zacks Research raised shares of CareTrust REIT from a “strong sell” rating to a “hold” rating in a research note on Monday, May 25th. One investment analyst has rated the stock with a Strong Buy rating, ten have assigned a Buy rating and two have issued a Hold rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average price target of $44.82.

CareTrust REIT Price Performance

Shares of CTRE opened at $37.02 on Monday. The stock has a market cap of $8.75 billion, a P/E ratio of 23.73, a price-to-earnings-growth ratio of 1.67 and a beta of 0.76. CareTrust REIT, Inc. has a 1 year low of $29.52 and a 1 year high of $43.08. The stock’s 50-day moving average price is $39.34 and its two-hundred day moving average price is $38.47. The company has a current ratio of 2.38, a quick ratio of 2.37 and a debt-to-equity ratio of 0.22.

CareTrust REIT Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Wednesday, July 15th. Investors of record on Tuesday, June 30th will be given a $0.39 dividend. This represents a $1.56 dividend on an annualized basis and a dividend yield of 4.2%. The ex-dividend date is Tuesday, June 30th. CareTrust REIT’s dividend payout ratio (DPR) is currently 100.00%.

CareTrust REIT Profile

CareTrust REIT, Inc is a real estate investment trust based in Deerfield Beach, Florida, specializing in the ownership, acquisition and management of net-leased healthcare properties. The company primarily focuses on seniors housing and post-acute care facilities, entering into long-term, triple-net lease agreements with leading operators in the skilled nursing, assisted living, memory care, inpatient rehabilitation and specialty hospital sectors. Through its portfolio, CareTrust REIT aims to provide investors with stable and predictable rental income while supporting the ongoing demand for quality healthcare real estate across the United States.

Since its initial public offering in September 2013, CareTrust REIT has pursued a disciplined acquisition strategy, targeting properties in primary and select secondary markets.