E Daily Stock Analysis: CareTrust REIT

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Care Trust REIT Inc has the ticker symbol CTRE and is a member of the Healthcare sector as a facilities company. This is my first ever report on Healthcare Trust of America for my Vista Portfolio. I have reported on it for others.

CareTrust REIT, Inc. is a self-administered, publicly-traded real estate investment trust engaged in the ownership, acquisition, development, and leasing of skilled nursing, seniors housing, and other healthcare-related properties. 

With a nationwide portfolio of long-term net-leased properties and a growing portfolio of quality operators leasing them, CareTrust REIT is pursuing both external and organic growth opportunities across the United States. 

It is headquartered in San Clemente, CA.

Three key data points gauge dividend equities or funds like Care Trust REIT Inc:

(1) Price

(2) Dividends

(3) Returns

Those three basic keys best tell whether a company has made, is making, and will make money. 

CTRE Price

CareTrust's price per share closed at $24.02 yesterday. Last year its price was $12.35. Price per share has increased nearly 94.5% from the depths of the COVID market slump. 

If CareTrust REIT Inc's stock trades in the range of $8 to $28 this year, its recent $24.02 price might rise by $0.98 to reach $25.00 by March 19, 2022. My estimate is slightly above that of ten analysts tracking CTRE.

CTRE Dividends

CareTrust REIT Inc's most recently declared quarterly dividend was $0.265 payable April 15th. Dividends are estimated to total $1.06 per share annually and yield 4.41% at yesterday's $24.02 closing price. It has paid annually increasing dividends for seven years.

CTRE Returns

Adding the $1.06 annual CTRE anticipated dividend to my $0.98 price upside shows a $2.04 potential gross gain, per share, to be reduced by any costs to trade the shares.  

Put little over $1,000.00 today in CareTrust REIT Inc at $24.02 per share and we'd buy 42 shares of CTRE stock.

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Disclaimer: This article is for informational and educational purposes only and should not be construed to constitute investment advice. Nothing contained herein shall constitute a solicitation, ...

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