CareTrust REIT, Inc. (CTRE) To Go Ex-Dividend on March 31st

CareTrust REIT, Inc. (NYSE:CTRE) declared a quarterly dividend on Friday, March 13th. Investors of record on Tuesday, March 31st will be paid a dividend of 0.39 per share on Wednesday, April 15th. This represents a c) annualized dividend and a dividend yield of 4.2%. The ex-dividend date of this dividend is Tuesday, March 31st. This is a 16.4% increase from CareTrust REIT’s previous quarterly dividend of $0.34.

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

CareTrust REIT Price Performance

CTRE stock opened at $37.15 on Friday. The company has a debt-to-equity ratio of 0.22, a current ratio of 1.73 and a quick ratio of 1.73. CareTrust REIT has a 1 year low of $25.82 and a 1 year high of $41.72. The firm has a 50-day moving average of $38.80 and a 200 day moving average of $36.83. The company has a market cap of $8.29 billion, a P/E ratio of 23.97, a PEG ratio of 2.50 and a beta of 0.74.

CareTrust REIT (NYSE:CTRE) last posted its quarterly earnings data on Thursday, February 12th. The company reported $0.50 earnings per share for the quarter, beating the consensus estimate of $0.47 by $0.03. CareTrust REIT had a return on equity of 8.98% and a net margin of 67.28%.The business had revenue of $134.86 million for the quarter. 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.