CareTrust REIT, Inc. (CTRE) to Distribute Quarterly Dividend of $0.39 on October 15th

CareTrust REIT, Inc. (NYSE:CTRE) declared a quarterly dividend on Tuesday, September 15th. Stockholders of record on Wednesday, September 30th will be given a dividend of 0.39 per share on Thursday, October 15th. This represents a c) annualized dividend and a dividend yield of 4.1%. The ex-dividend date is Wednesday, September 30th.

CareTrust REIT has raised its dividend payment by an average of 0.1%annually over the last three years and has increased its dividend every year for the last 3 years. CareTrust REIT has a dividend payout ratio of 102.0% meaning the company cannot currently cover its dividend with earnings alone and is relying on its balance sheet to cover its dividend payments. Analysts expect CareTrust REIT to earn $2.27 per share next year, which means the company should continue to be able to cover its $1.56 annual dividend with an expected future payout ratio of 68.7%.

CareTrust REIT Stock Performance

Shares of CTRE opened at $37.97 on Thursday. The company has a debt-to-equity ratio of 0.27, a current ratio of 0.57 and a quick ratio of 0.57. The firm’s 50 day moving average is $40.32 and its 200-day moving average is $39.67. CareTrust REIT has a 12-month low of $32.79 and a 12-month high of $43.62. The stock has a market capitalization of $8.97 billion, a P/E ratio of 23.88, a P/E/G ratio of 1.52 and a beta of 0.76.

CareTrust REIT (NYSE:CTRE) last released its earnings results on Thursday, August 6th. The company reported $0.51 EPS for the quarter, meeting the consensus estimate of $0.51. The business had revenue of $161.35 million during the quarter. CareTrust REIT had a net margin of 62.19% and a return on equity of 8.52%. CareTrust REIT has set its FY 2026 guidance at 2.030-2.060 EPS. Equities research analysts anticipate that CareTrust REIT will post 2.04 EPS for the current fiscal year.

Key CareTrust REIT News

Here are the key news stories impacting CareTrust REIT this week:

• Positive Sentiment: Large skilled-nursing acquisition expands the portfolio. CareTrust agreed to acquire a Southwest portfolio for $400 million, comprising 2,622 licensed beds. The facilities are triple-net leased to the existing operator under a long-term agreement with inflation-linked rent escalators and renewal options, supporting recurring revenue and potential internal growth. CareTrust REIT Acquires Skilled Nursing Portfolio for $400 Million; Announces $600 Million Reloaded Pipeline
• Positive Sentiment: Management also highlighted a $600 million acquisition pipeline. The reloaded pipeline suggests CareTrust may have additional opportunities to grow its asset base and funds from operations following the transaction. CareTrust REIT Acquires Nursing Home Portfolio for $400M
• Positive Sentiment: The dividend was maintained at $0.39 per share quarterly. The payment is scheduled for October 15 for shareholders of record on September 30, representing an annualized $1.56 distribution and an indicated yield of about 4.1%. CareTrust REIT Announces Quarterly Dividend of $0.39 per Share
• Neutral Sentiment: Demographic trends remain a long-term tailwind. An aging U.S. population and the increasing number of Americans entering their 80s could support demand for skilled-nursing facilities and benefit CareTrust over an extended period. The Baby Boomer Aging Wave Has Arrived
• Negative Sentiment: The acquisition creates near-term execution and capital-allocation concerns. Investors may be focused on how the $400 million purchase is financed, the added leverage, and whether the acquired operator and facilities deliver expected returns. The stock’s position below its 50-day and 200-day moving averages may reinforce that caution.

About CareTrust REIT

CareTrust REIT, Inc is a healthcare-focused real estate investment trust that owns and manages a portfolio of healthcare-related properties across the United States. The company primarily invests in properties that are leased to healthcare operators under long-term, typically triple-net lease agreements.

CareTrust’s portfolio includes skilled nursing facilities, assisted living facilities, independent living communities, memory care properties and other healthcare-related real estate. Its tenants are responsible for operating the facilities and generally cover property-level expenses such as taxes, insurance and maintenance under the terms of the leases.

CareTrust was established in 2014 through a separation from The Ensign Group, a healthcare services company.