CareTrust REIT (CTRE) Tops Q1 EPS by 1c
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CareTrust REIT, Inc. Announces First Quarter 2016 Operating Results
May 11, 2016 4:25 PM EDTSAN CLEMENTE, Calif., May 11, 2016 (GLOBE NEWSWIRE) -- CareTrust REIT, Inc. (NASDAQ: CTRE) today reported operating results for the first quarter of 2016, as well as other recent events. Quarter and other highlights include:
Net income for the quarter was $0.11 per diluted weighted average share, with normalized FFO of $0.27 and normalized FAD of $0.29 per diluted weighted average share;CareTrust successfully raised new equity in a $111 million follow-on offering;The company increased its quarterly dividend by 6.3% to $0.17 per share;The company retired the last of its legacy... MoreCareTrust REIT Credit Ratings Upgraded by Standard & Poor's
May 10, 2016 5:21 PM EDTSAN CLEMENTE, Calif., May 10, 2016 (GLOBE NEWSWIRE) -- CareTrust REIT, Inc. (Nasdaq: CTRE) announced today that it has received upgrades to its credit ratings by Standard & Poor's Rating Services.
On May 9, 2016, Standard & Poor's raised its corporate credit rating on CareTrust to "B+" from "B," with a stable outlook. In the same report, Standard & Poor's also raised its issue rating on... More
