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CareTrust REIT, Inc. (CTRE)

NasdaqGS - NasdaqGS Real Time Price. Currency in USD
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23.79-0.14 (-0.59%)
At close: 4:00PM EDT

23.79 0.00 (0.00%)
After hours: 4:01PM EDT

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Previous Close23.93
Open23.99
Bid23.82 x 1000
Ask23.83 x 800
Day's Range23.70 - 24.18
52 Week Range14.87 - 24.89
Volume427,703
Avg. Volume600,739
Market Cap2.284B
Beta (5Y Monthly)1.12
PE Ratio (TTM)28.12
EPS (TTM)N/A
Earnings DateN/A
Forward Dividend & Yield1.06 (4.43%)
Ex-Dividend DateMar 30, 2021
1y Target EstN/A
Fair Value is the appropriate price for the shares of a company, based on its earnings and growth rate also interpreted as when P/E Ratio = Growth Rate. Estimated return represents the projected annual return you might expect after purchasing shares in the company and holding them over the default time horizon of 5 years, based on the EPS growth rate that we have projected.
Fair Value
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Overvalued
-14% Est. Return
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  • 2 Stocks to Buy With Dividends Yielding More than 4%
    Motley Fool

    2 Stocks to Buy With Dividends Yielding More than 4%

    When considering which dividend stocks to invest in, it's okay to be a little greedy and look for companies with a high dividend yield. Two stocks that currently pay more than 4% per year in dividends that you should consider buying are CareTrust REIT (NASDAQ: CTRE) and Kraft Heinz (NASDAQ: KHC). CareTrust currently pays a dividend of $0.265, which yields 4.5% on an annual basis.

  • Motley Fool

    Better Buy: CareTrust REIT vs. Sabra Health Care REIT

    Now that a recovery is becoming a reality as most healthcare workers and senior housing residents are being vaccinated, it’s time to figure out which healthcare real estate investment trusts (REITs) are going to give investors their shot in the arm. CareTrust and Sabra both invest primarily in senior housing and skilled nursing facilities. CareTrust owned 217 properties as of the end of 2020, with the majority being skilled nursing facilities.

  • CareTrust Ramps Up Quarterly Dividend By 6%
    SmarterAnalyst

    CareTrust Ramps Up Quarterly Dividend By 6%

    CareTrust REIT has raised its quarterly cash dividend by 6% to $0.265 per share. The real estate investment trust plans to pay the new dividend on April 15 to shareholders of record as of March 31. CareTrust (CTRE) added about $105.2 million in newly-acquired assets in 2020 that drove the dividend growth. The company’s CEO Greg Stapley said, “The size of dividend increase is consistent with our longstanding practice of matching dividends to asset and earnings growth, while retaining capital for expansion and keeping our payout ratio in a conservative range.” The company’s annual dividend of $1.06 per share reflects a dividend yield of 4.4%. Last month, the company reported better-than-expected 4Q revenues of $44.1 million. Analysts were expecting revenues of $43.9 million. The normalized FFO (funds from operations) stood at $0.36 per share, in-line with the Street’s estimates. (See CareTrust REIT stock analysis on TipRanks) Following the results, Raymond James analyst Jonathan Hughes raised the stock’s price target to $25 (2.6% upside potential) from $24 and maintained a Buy rating. Hughes said, “We believe the announcement of additional external growth activity – which has historically been the largest incremental driver of the stock – combined with vaccine and more fiscal stimulus optimism are near-term upside catalysts.” Overall, consensus among analysts is a Strong Buy based on 4 Buys and 1 Hold. The average analyst price target of $24.40 implies that the shares are fully priced at current levels. Shares gained by 78.3% in one year. Related News: Equity Lifestyle Bumps Up Quarterly Dividend By 5.8%; Street Sees 10% Upside Applied Materials Bumps Up Quarterly Dividend By 9%; Street Says Buy Hill-Rom Ramps Up Quarterly Dividend By 9%; Shares Gain More recent articles from Smarter Analyst: Sesen Bio’s Quarterly Loss Meet Analysts’ Expectations Yalla Group Jumps 8% After 4Q Revenue Beats Estimates Motorsport Increases Stake In 704Games; Street Remains Bullish Lightspeed Acquires Vend For $350M; Street Sees 25% Upside