CTRE, which owns triple net leased nursing homes and senior housing, is facing some short-term headwinds that have driven the stock price down.
The company's long-term prospects, however, remain quite strong.
Most of CTRE's tenants are financially strong, with only a few bad apples that management is actively dealing with.
The dividend is still comfortably covered by recurring cash flows and likely to continue growing.
Shares yield 4.47% and should result in a 10-year yield-on-cost between 8% and 10.6%.
CareTrust REIT (CTRE) is a landlord of mostly nursing homes and assisted living facilities along with some senior campus communities. It owns (but does not operate) 207 triple-net leased properties run