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CareTrust REIT (NYSE:CTRE) primary business consists of acquiring, financing, developing and owning real property to be leased to third-party tenants in the healthcare sector.
It is set to report its Q1 2025 earnings on May 1. Wall Street analysts expect the company to post EPS of $0.43, up from $0.35 in the prior-year period. According to Benzinga Pro, quarterly revenue is expected to reach $98.85 million, up from $63.07 million a year earlier.
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If You Bought CareTrust REIT Stock 10 Years Ago
The company's stock traded at approximately $13.46 per share 10 years ago. If you had invested $10,000, you could have bought roughly 743 shares. Currently, shares trade at $26.65, meaning your investment's value could have grown to $19,799 from stock price appreciation alone. However, CareTrust REIT also paid dividends during these 10 years.
CareTrust REIT's dividend yield is currently 5.03%. Over the last 10 years, it has paid about $11.40 in dividends per share, which means you could have made $8,470 from dividends alone.
Summing up $19,799 and $8,470, we end up with the final value of your investment, which is $28,269. This is how much you could have made if you had invested $10,000 in CareTrust REIT stock 10 years ago. This means a total return of 182.69%. In comparison, S&P 500 total return for the same period is 183.50%.
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What Could The Next 10 Years Bring?
CareTrust REIT has a consensus rating of "Overweight" and a price target of $26.14 based on the ratings of 14 analysts. The price target implies a nearly 2% potential downside from the current stock price.
On Feb. 12, the company announced its Q4 2024 earnings, posting EPS of $0.40, compared to the consensus estimate of $0.31, and revenues of $86.94 million, compared to the consensus of $67.95 million, as reported by Benzinga.
“We finished a record year with a record quarter. Now all eyes are on 2025 and beyond," said CEO Dave Sedgwick. "We continue to position the company to build on the momentum of impactful growth with top-tier operators. Our balance sheet, access to capital, team, partnerships, and opportunities to grow and diversify the portfolio are all in a stronger position than they were twelve months ago."