Nomura Asset Management Co. Ltd. Has $12.05 Million Stock Holdings in CareTrust REIT, Inc. $CTRE

Nomura Asset Management Co. Ltd. boosted its holdings in shares of CareTrust REIT, Inc. (NYSE:CTRE) by 4.2% in the 4th quarter, Holdings Channel.com reports. The firm owned 333,160 shares of the company’s stock after purchasing an additional 13,300 shares during the quarter. Nomura Asset Management Co. Ltd.’s holdings in CareTrust REIT were worth $12,047,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds have also recently added to or reduced their stakes in the company. Heritage Wealth Advisors boosted its stake in CareTrust REIT by 42.9% during the 3rd quarter. Heritage Wealth Advisors now owns 1,000 shares of the company’s stock valued at $35,000 after purchasing an additional 300 shares during the period. Allworth Financial LP boosted its position in shares of CareTrust REIT by 114.0% in the third quarter. Allworth Financial LP now owns 1,042 shares of the company’s stock valued at $36,000 after acquiring an additional 555 shares during the period. EverSource Wealth Advisors LLC boosted its position in shares of CareTrust REIT by 134.2% in the second quarter. EverSource Wealth Advisors LLC now owns 1,124 shares of the company’s stock valued at $34,000 after acquiring an additional 644 shares during the period. Eurizon Capital SGR S.p.A. bought a new stake in shares of CareTrust REIT in the fourth quarter valued at approximately $44,000. Finally, Groesbeck Investment Management Corp NJ bought a new stake in shares of CareTrust REIT in the fourth quarter valued at approximately $43,000. Institutional investors own 87.77% of the company’s stock.

Wall Street Analysts Forecast Growth

CTRE has been the subject of several research reports. KeyCorp reissued an “overweight” rating and issued a $46.00 price objective on shares of CareTrust REIT in a research report on Friday. Royal Bank Of Canada boosted their price target on CareTrust REIT from $41.00 to $44.00 and gave the company an “outperform” rating in a research note on Tuesday, February 24th. Zacks Research upgraded CareTrust REIT from a “strong sell” rating to a “hold” rating in a research note on Monday, May 25th. UBS Group boosted their price target on CareTrust REIT from $44.00 to $48.00 and gave the company a “buy” rating in a research note on Wednesday, February 18th. Finally, Wells Fargo & Company boosted their price target on CareTrust REIT from $42.00 to $47.00 and gave the company an “overweight” rating in a research note on Monday. Three research analysts have rated the stock with a Strong Buy rating, eight have issued a Buy rating and two have assigned a Hold rating to the company’s stock. According to MarketBeat.com, the stock currently has an average rating of “Buy” and a consensus target price of $44.09.

CareTrust REIT Trading Down 1.6%

CTRE stock opened at $38.73 on Wednesday. CareTrust REIT, Inc. has a 1-year low of $27.81 and a 1-year high of $43.08. The firm has a market cap of $9.15 billion, a P/E ratio of 24.82, a P/E/G ratio of 1.78 and a beta of 0.76. The business’s 50 day moving average is $39.39 and its 200-day moving average is $38.41. 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 Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Wednesday, April 15th. Stockholders of record on Tuesday, March 31st were issued a $0.39 dividend. This represents a $1.56 annualized dividend and a dividend yield of 4.0%. The ex-dividend date of this dividend was Tuesday, March 31st. This is an increase from CareTrust REIT’s previous quarterly dividend of $0.34. CareTrust REIT’s dividend payout ratio (DPR) is presently 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.