CareTrust REIT, Inc. (CTRE)
Market Cap | 5.74B |
Revenue (ttm) | 269.08M |
Net Income (ttm) | 98.82M |
Shares Out | 187.32M |
EPS (ttm) | 0.71 |
PE Ratio | 43.42 |
Forward PE | 24.36 |
Dividend | $1.16 (3.78%) |
Ex-Dividend Date | Sep 30, 2024 |
Volume | 754,604 |
Open | 31.00 |
Previous Close | 31.08 |
Day's Range | 30.58 - 31.00 |
52-Week Range | 20.10 - 33.15 |
Beta | 1.12 |
Analysts | Buy |
Price Target | 29.86 (-2.61%) |
Earnings Date | Oct 29, 2024 |
About CTRE
CareTrust REIT, Inc.’s (“CareTrust REIT” or the “Company”) primary business consists of acquiring, financing, developing and owning real property to be leased to third-party tenants in the healthcare sector. As of March 31, 2024, the Company owned directly or through a joint venture and leased to independent operators, 228 skilled nursing facilities (“SNFs”), multi-service campuses, assisted living facilities (“ALFs”) and independent living facilities (“ILFs”) consisting of 24,189 operational beds and units located in 29 states with the highest... [Read more]
Financial Performance
Financial StatementsAnalyst Forecast
According to 7 analysts, the average rating for CTRE stock is "Buy." The 12-month stock price forecast is $29.86, which is a decrease of -2.61% from the latest price.
News
2 REIT Winners And 2 REIT Losers From Trump's Reelection
Trump's reelection has mixed impacts on REITs. Some benefit. Others suffer. We review 2 REITs to buy and 2 REITs to sell.
My Portfolio's Biggest Winners And Losers From A Republican Sweep
The election's swift resolution led to a sharp market reaction; S&P 500 rose ~4.5%, but REITs were weighed down by rising Treasury rates. Trump's victory is seen as inflationary, benefiting REIT funda...
Forget The Election, REITs Win No Matter What
The election is on the 5th of November. We don't think the outcome will matter for REITs. Macroeconomics trumps politics. We explain why.
Top 5 REITs: Trick Or TREIT!
The Federal Reserve's recent 50 bps rate cut and projected future cuts in 2024 signal a potential favorable shift for the REITs sectors. The latest JOLTS Report fell short of expectations. September j...
CareTrust REIT, Inc. (CTRE) Q3 2024 Earnings Call Transcript
CareTrust REIT, Inc. (NYSE:CTRE) Q3 2024 Earnings Conference Call October 30, 2024 1:00 PM ET Company Participants Lauren Beale - Senior Vice President and Controller Dave Sedgwick - President and Ch...
CareTrust REIT, Inc. Announces Pricing of Upsized Public Offering of Common Stock
SAN CLEMENTE, Calif.--(BUSINESS WIRE)--CareTrust REIT, Inc. (NYSE: CTRE) (“CareTrust REIT” or the “Company”) announced the pricing of its upsized underwritten public offering of 13,800,000 shares of c...
CareTrust REIT, Inc. Announces Launch of Public Offering of Common Stock
SAN CLEMENTE, Calif.--(BUSINESS WIRE)--CareTrust REIT, Inc. (NYSE: CTRE) (“CareTrust REIT” or the “Company”) announced that, subject to market and other conditions, it intends to offer to sell 11,500,...
CareTrust REIT Announces Third Quarter 2024 Operating Results
SAN CLEMENTE, Calif.--(BUSINESS WIRE)--CareTrust REIT Announces Third Quarter 2024 Operating Results.
CareTrust REIT Announces Updated Investments Pipeline of $700 Million Including Agreement to Acquire $500 Million Portfolio in Southeast by Year End
SAN CLEMENTE, Calif.--(BUSINESS WIRE)--CareTrust REIT Announces Updated Investments Pipeline of $700 Million Including Agreement to Acquire $500 Million Portfolio in Southeast by Year End.
PACS Group Announces Pending Acquisition of Operations at 12 Skilled Nursing Facilities in Tennessee
FARMINGTON, Utah--(BUSINESS WIRE)--PACS Group, Inc. (NYSE: PACS) (“PACS” or the “Company”) announced today that independent operating subsidiaries of the Company have agreed to acquire the operations ...
CareTrust REIT Sets Third Quarter Earnings Call for Wednesday, October 30, 2024
SAN CLEMENTE, Calif.--(BUSINESS WIRE)--CareTrust REIT Sets Third Quarter Earnings Call for Wednesday, October 30, 2024.
CareTrust Publishes Fourth Annual Corporate Sustainability Report
SAN CLEMENTE, Calif.--(BUSINESS WIRE)--CareTrust Publishes Fourth Annual Corporate Sustainability Report.
CareTrust REIT Acquires Four Skilled Nursing Facilities in Mid-Atlantic for $74.7 Million; Reports Reloaded Pipeline of $240 Million
SAN CLEMENTE, Calif.--(BUSINESS WIRE)--CareTrust REIT, Inc. (NYSE:CTRE) announced today that it has acquired a 4-facility, 396-bed/unit skilled nursing portfolio located in the Mid-Atlantic for a tota...
CareTrust REIT: Looking For Healthcare Exposure? You Should Consider This REIT
CareTrust REIT is a top choice for healthcare exposure as well as REIT exposure, with strong growth potential and an impressive 1H performance. CTRE's robust balance sheet and strategic acquisitions h...
CareTrust REIT Announces Quarterly Dividend of $0.29 per Share
SAN CLEMENTE, Calif.--(BUSINESS WIRE)--CareTrust REIT Announces Quarterly Dividend of $0.29 per Share.
CareTrust REIT Surges: Riding High On Skilled Nursing Strength
CareTrust REIT has shown strong fundamentals with high rent collection, a 9.9% yield on new investments, and a robust balance sheet with low leverage. The company is well-positioned for growth, benefi...
Rates Down, REITs Up: Two Quality REITs To Own For Long-Term Gains
Agree Realty and CareTrust REIT share prices have rallied since July due to cooling inflation. Additionally, both offer long-term upside due to high-quality business models and strong fundamentals. Ag...
CareTrust REIT Announces $62.1 Million Acquisition of Two Skilled Nursing Facilities in Separate Transactions; Pipeline Replenished
SAN CLEMENTE, Calif.--(BUSINESS WIRE)--CareTrust REIT, Inc. (NYSE:CTRE) announced today the acquisition of two skilled nursing facilities in separate transactions with a total investment amount of app...
CareTrust REIT, Inc. (CTRE) Q2 2024 Earnings Call Transcript
CareTrust REIT, Inc. (NYSE:CTRE) Q2 2024 Earnings Conference Call August 2, 2024 1:00 PM ET Company Participants Lauren Beale - Senior Vice President and Controller Dave Sedgwick - President and Chie...
CareTrust REIT Announces Second Quarter 2024 Operating Results
SAN CLEMENTE, Calif.--(BUSINESS WIRE)--CareTrust REIT Announces Second Quarter 2024 Operating Results.
CareTrust REIT Funds $378 Million in New Investments; Announces Replenished Investment Pipeline of $270 Million
SAN CLEMENTE, Calif.--(BUSINESS WIRE)--CareTrust REIT, Inc. (NYSE:CTRE) announced today that it has funded approximately $378 Million in new investments this week, including the funding of a $260 mill...
CareTrust REIT Sets Second Quarter Earnings Call for Friday, August 2, 2024
SAN CLEMENTE, Calif.--(BUSINESS WIRE)--CareTrust REIT Sets Second Quarter Earnings Call for Friday, August 2, 2024.
8 Stocks I'm Buying As A Resurgent Trade War Looms
Economic data suggests a recession may be looming, with signs of weakening in the labor market and consumer spending. Investing based on politics is not recommended, as market reactions to political e...
CareTrust REIT: A Growing REIT That Deserves A Spot In Your Portfolio
CareTrust REIT is a strong addition to a portfolio for income generation and growth potential. The company has shown impressive revenue growth and acquisitions, but flat earnings. But earnings are pro...
CareTrust REIT: Solid Operational Performance, But I Don't Like The Capital Structure
CareTrust REIT is a Sun Belt-focused triple net lease Healthcare REIT investing primarily in skilled nursing facilities. The company has outperformed broad US REIT benchmarks in 2024, taking its marke...