5 Best REIT Dividend Stocks

2. CareTrust REIT, Inc. (NYSE:CTRE)

Dividend Yield as of October 11: 6.64%

CareTrust REIT, Inc. (NYSE:CTRE) is a California-based real estate investment trust company that specializes in senior housing and healthcare facilities. In August, Barclays raised its price target on the stock to $20 with an Equal Weight rating on the shares, appreciating the company’s portfolio repositioning strategy.

CareTrust REIT, Inc. (NYSE:CTRE) has been raising its dividends consistently for the past seven years, with a five-year dividend CAGR of 9%. It currently pays a quarterly dividend of $0.275 per share for a dividend yield of 6.64%, as recorded on October 11.

Balyasny Asset Management owned over 1.2 million shares in CareTrust REIT, Inc. (NYSE:CTRE), valued at $23 million, becoming the company’s leading stakeholder in Q2. Overall, 15 hedge funds in Insider Monkey’s database owned stakes in the company in Q2, with a total value of over $53.8 million.