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

Posted by on Jun 18th, 2026

CareTrust REIT, Inc. (NYSE:CTRE – Get Free Report) declared a quarterly dividend on Tuesday, June 16th. Shareholders of record on Tuesday, June 30th will be paid a dividend of 0.39 per share on Wednesday, July 15th. This represents a c) annualized dividend and a yield of 4.3%. The ex-dividend date of this dividend is Tuesday, June 30th.

CareTrust REIT has increased its dividend payment by an average of 0.1%per year over the last three years and has increased its dividend annually for the last 3 consecutive 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 $2.20 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 70.9%.

CareTrust REIT Price Performance

Shares of CTRE stock opened at $36.44 on Thursday. The firm has a market cap of $8.61 billion, a P/E ratio of 23.36, a P/E/G ratio of 1.68 and a beta of 0.76. The company has a debt-to-equity ratio of 0.22, a current ratio of 2.38 and a quick ratio of 2.37. CareTrust REIT has a 1-year low of $29.09 and a 1-year high of $43.08. The firm has a fifty day moving average of $39.41 and a two-hundred day moving average of $38.48.

Analyst Ratings Changes

Several research analysts have weighed in on the stock. Raymond James Financial assumed coverage on shares of CareTrust REIT in a report on Tuesday. They set an “outperform” rating and a $43.00 price objective for the company. Wells Fargo & Company lifted their price target on shares of CareTrust REIT from $42.00 to $47.00 and gave the company an “overweight” rating in a report on Monday, June 1st. UBS Group lifted their price target on shares of CareTrust REIT from $44.00 to $48.00 and gave the company a “buy” rating in a report on Wednesday, February 18th. Weiss Ratings lowered shares of CareTrust REIT from a “buy (a-)” rating to a “buy (b+)” rating in a report on Thursday, June 11th. Finally, Mizuho set a $45.00 price target on shares of CareTrust REIT in a report on Friday, May 22nd. One research analyst has rated the stock with a Strong Buy rating, ten have assigned a Buy rating and two have given a Hold rating to the stock. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $44.82.

Read Our Latest Research Report on CTRE

CareTrust REIT Company Profile

(Get Free Report)

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.

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Dividend History for CareTrust REIT (NYSE:CTRE)

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