CareTrust REIT, Inc. (CTRE)

NYSE: CTRE · Real-Time Price · USD
30.66
-0.42 (-1.35%)
Nov 20, 2024, 4:00 PM EST - Market closed
-1.35%
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]

Sector Real Estate
Founded 2013
Employees 17
Stock Exchange NYSE
Ticker Symbol CTRE
Full Company Profile

Financial Performance

Financial Statements

Analyst 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.

Price Target
$29.86
(-2.61% downside)
Analyst Consensus: Buy
Stock Forecasts

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.

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2 days ago - Seeking Alpha

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...

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16 days ago - Seeking Alpha

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...

Other symbols: CTOCUZIIPRVICI
21 days ago - Seeking Alpha

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...

21 days ago - Seeking Alpha

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...

21 days ago - Business Wire

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,...

21 days ago - Business Wire

CareTrust REIT Announces Third Quarter 2024 Operating Results

SAN CLEMENTE, Calif.--(BUSINESS WIRE)--CareTrust REIT Announces Third Quarter 2024 Operating Results.

22 days ago - Business Wire

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.

22 days ago - Business Wire

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 ...

Other symbols: PACS
22 days ago - Business Wire

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.

4 weeks ago - Business Wire

CareTrust Publishes Fourth Annual Corporate Sustainability Report

SAN CLEMENTE, Calif.--(BUSINESS WIRE)--CareTrust Publishes Fourth Annual Corporate Sustainability Report.

6 weeks ago - Business Wire

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...

7 weeks ago - Business Wire

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...

2 months ago - Seeking Alpha

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.

2 months ago - Business Wire

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...

2 months ago - Seeking Alpha

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...

Other symbols: ADC
2 months ago - Seeking Alpha

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...

2 months ago - Business Wire

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...

3 months ago - Seeking Alpha

CareTrust REIT Announces Second Quarter 2024 Operating Results

SAN CLEMENTE, Calif.--(BUSINESS WIRE)--CareTrust REIT Announces Second Quarter 2024 Operating Results.

3 months ago - Business Wire

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...

3 months ago - Business Wire

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.

4 months ago - Business Wire

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...

5 months ago - Seeking Alpha

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...

5 months ago - Seeking Alpha

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...

5 months ago - Seeking Alpha