If You Invested $10,000 In CareTrust REIT Stock 10 Years Ago, How Much Would You Have Now?

CareTrust REIT's CTRE primary business is acquiring, financing, developing and owning real property to be leased to third-party tenants in the health care sector.

It is set to report its Q4 2024 earnings on Feb. 6, 2025. Wall Street analysts expect the company to post an EPS of $0.40, up from $0.36 in the year-ago period. According to Benzinga Pro, quarterly revenue is expected to reach $80.69 million, up from $59.73 million in the previous year.

If You Bought CareTrust REIT Stock 10 Years Ago

The company's stock traded at approximately $11.60 per share 10 years ago. If you had invested $10,000, you could have bought roughly 862 shares. Currently, shares trade at $26.74, meaning your investment's value could have grown to $23,052 from stock price appreciation alone. However, CareTrust REIT also paid dividends during these 10 years. 

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CareTrust REIT's dividend yield is currently 4.37%. Over the last 10 years, it has paid about $8.94 in dividends per share, which means you could have made $7,707 from dividends alone. 

Summing up $23,052 and $7,707, we end up with the final value of your investment, which is $30,759. 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 207.59%. However, this figure is less than the S&P 500 total return for the same period, which was 233.93%.

What Could The Next 10 Years Bring? 

CareTrust REIT has a consensus rating of "Overweight" and a price target of $25.07 based on the ratings of 15 analysts. The price target implies more than 6% potential downside from the current stock price.

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On Oct. 29, the company announced its Q3 2024 earnings, posting an FFO of $0.38, in line with expectations and revenues of $77.38 million, above the consensus estimate of $56.70 million, as reported by Benzinga.

The company updated its guidance for 2024, projecting a per-diluted weighted-average common share basis net income of approximately $0.83 to $0.84, normalized FFO of approximately $1.49 to $1.50 and normalized FAD of approximately $1.53 to $1.54. 

Check out this article by Benzinga for four analysts' insights on CareTrust REIT.

Given the expected 6% downside potential, growth-focused investors may not find CareTrust REIT stock attractive. Conversely, the stock can be a good option for income-focused investors, who can benefit from the company's solid dividend yield of 4.37% and consistent dividend hikes. CareTrust REIT has raised its dividend consecutively for the last nine years.

Wondering if your investments can get you to a $5,000,000 nest egg? Speak to a financial advisor today. SmartAsset’s free tool matches you up with up to three vetted financial advisors who serve your area, and you can interview your advisor matches at no cost to decide which one is right for you.

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