2024-02-07 08:15:00 ET
Summary
- CareTrust REIT has performed well compared to the broader REIT industry and carries strong portfolio fundamentals.
- It's buying properties at appealing cap rates and is working to strengthen its tenant base.
- The company has a strong balance sheet, solid growth potential, and attractive dividend yield, making it an attractive investment for income and growth investors alike.
It’s been a year since I last visited CareTrust REIT ( CTRE ) back in February of last year, as this quality name strikes me as being one of those stocks that one can put on the back burner due to its quality tenant base that gets checks from government-funded Medicare. While the stock is up by just 1.8% since my last piece (after falling by 13% since its December highs), it’s given investors a respectable 7.6% total return including dividends over this timeframe....
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For further details see:
CareTrust REIT: Buy The Drop On This Solid Dividend Grower