CareTrust REIT, Inc. (NYSE:CTRE) Declares Dividend Increase – $0.39 Per Share

CareTrust REIT, Inc. (NYSE:CTRE) declared a quarterly dividend on Friday, March 13th. Shareholders of record on Tuesday, March 31st will be given a dividend of 0.39 per share on Wednesday, April 15th. This represents a c) dividend on an annualized basis and a yield of 3.9%. The ex-dividend date is Tuesday, March 31st. This is a 16.4% increase from CareTrust REIT’s previous quarterly dividend of $0.34.

CareTrust REIT has raised its dividend payment by an average of 0.1%per year over the last three years and has raised its dividend every year for the last 3 years. CareTrust REIT has a payout ratio of 87.6% meaning its dividend is currently covered by earnings, but may not be in the future if the company’s earnings fall.

CareTrust REIT Stock Down 0.2%

NYSE:CTRE traded down $0.09 during trading hours on Friday, hitting $40.01. The stock had a trading volume of 1,678,458 shares, compared to its average volume of 1,899,685. The company has a market cap of $8.93 billion, a PE ratio of 25.81, a price-to-earnings-growth ratio of 2.70 and a beta of 0.74. The business has a 50 day simple moving average of $38.51 and a two-hundred day simple moving average of $36.50. CareTrust REIT has a 1-year low of $25.82 and a 1-year high of $41.72. The company has a current ratio of 1.73, a quick ratio of 1.73 and a debt-to-equity ratio of 0.22.

CareTrust REIT (NYSE:CTRE) last posted its earnings results on Thursday, February 12th. The company reported $0.50 EPS for the quarter, topping analysts’ consensus estimates of $0.47 by $0.03. The business had revenue of $134.86 million for the quarter. CareTrust REIT had a net margin of 67.28% and a return on equity of 8.98%. CareTrust REIT has set its FY 2026 guidance at 1.900-1.95 EPS.

About CareTrust REIT

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.