Caretrust REIT Inc (NASDAQ:CTRE) announced a quarterly dividend on Monday, March 19th, Wall Street Journal reports. Stockholders of record on Friday, March 30th will be given a dividend of 0.205 per share by the real estate investment trust on Friday, April 13th. This represents a $0.82 dividend on an annualized basis and a dividend yield of 5.77%. The ex-dividend date is Wednesday, March 28th. This is a boost from Caretrust REIT’s previous quarterly dividend of $0.19.
Caretrust REIT stock traded down $0.04 during trading on Monday, hitting $14.20. 427,461 shares of the stock were exchanged, compared to its average volume of 751,069. The company has a current ratio of 0.70, a quick ratio of 0.70 and a debt-to-equity ratio of 0.94. The stock has a market capitalization of $1,084.21, a price-to-earnings ratio of 11.97, a P/E/G ratio of 2.23 and a beta of 0.74. Caretrust REIT has a one year low of $12.96 and a one year high of $19.86.
A number of analysts have recently weighed in on CTRE shares. Stephens set a $19.00 target price on shares of Caretrust REIT and gave the stock a “buy” rating in a report on Friday, January 12th. KeyCorp set a $16.00 price target on shares of Caretrust REIT and gave the stock a “buy” rating in a research note on Tuesday, March 6th. TheStreet downgraded shares of Caretrust REIT from a “b” rating to a “c+” rating in a research note on Wednesday, February 28th. Royal Bank of Canada reissued a “hold” rating and issued a $15.00 price target on shares of Caretrust REIT in a research note on Tuesday, March 6th. Finally, Stifel Nicolaus set a $17.00 price target on shares of Caretrust REIT and gave the stock a “hold” rating in a research note on Wednesday, February 28th. Two equities research analysts have rated the stock with a sell rating, five have issued a hold rating and six have given a buy rating to the stock. The company has a consensus rating of “Hold” and a consensus target price of $18.45.
TRADEMARK VIOLATION WARNING: “Caretrust REIT Inc (CTRE) Announces Quarterly Dividend of $0.21” was first published by StockNewsTimes and is the sole property of of StockNewsTimes. If you are reading this news story on another publication, it was copied illegally and reposted in violation of United States & international copyright and trademark laws. The legal version of this news story can be viewed at https://stocknewstimes.com/2018/03/19/caretrust-reit-inc-ctre-announces-quarterly-dividend-of-0-21.html.
CareTrust REIT, Inc is a self-administered, self-managed real estate investment trust. The Company is engaged in the ownership, acquisition and leasing of healthcare-related properties. It makes investments in healthcare-related real estate assets. As of December 31, 2016, its real estate portfolio included 154 skilled nursing facilities (SNFs), SNF Campuses, assisted living facilities and independent living facilities.
Receive News & Ratings for Caretrust REIT Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Caretrust REIT and related companies with MarketBeat.com's FREE daily email newsletter.