About CareTrust REIT
CareTrust REIT, Inc. is a self-administered, self-managed real estate investment trust (REIT). The Company is primarily engaged in the ownership, acquisition and leasing of healthcare-related properties. The Company's segment consists of investments in healthcare-related real estate assets. The Company's real estate portfolio includes approximately 120 skilled nursing facilities (SNFs), assisted living facilities (ALFs) and independent living facilities (ILFs). The Company's facilities leased to The Ensign Group, Inc. have a total of approximately 10,120 beds and units, and are located in Arizona, California, Colorado, Idaho, Iowa, Nebraska, Nevada, Texas, Utah and Washington. Its facilities leased affiliates of Pristine Senior Living have a total of approximately 1,260 beds and units, and are located in Ohio. Its other properties have a total of over 770 beds and units, and are located in Colorado, Florida, Georgia, Idaho, Minnesota, Virginia and Washington.
Industry, Sector and Symbol:
- Sector: Finance
- Industry: REIT - Healthcare Facilities
- Sub-Industry: N/A
- Exchange: NASDAQ
- Symbol: CTRE
- Previous Close: $15.78
- 50 Day Moving Average: $15.41
- 200 Day Moving Average: $14.75
- 52-Week Range: $11.21 - $15.93
- Trailing P/E Ratio: 30.40
- Foreward P/E Ratio: 22.54
- P/E Growth: 0.83
- Market Cap: $1.04B
- Outstanding Shares: 66,216,000
- Beta: 0.93
- Net Margins: 28.04%
- Return on Equity: 7.62%
- Return on Assets: 3.54%
Companies Related to CareTrust REIT:
- Debt-to-Equity Ratio: 0.99%
- Current Ratio: 1.10%
- Quick Ratio: 1.10%
What is CareTrust REIT's stock symbol?
CareTrust REIT trades on the NASDAQ under the ticker symbol "CTRE."
How often does CareTrust REIT pay dividends? What is the dividend yield for CareTrust REIT?
CareTrust REIT declared a quarterly dividend on Tuesday, December 20th. Investors of record on Saturday, December 31st will be paid a dividend of $0.17 per share on Friday, January 13th. This represents a $0.68 annualized dividend and a yield of 4.31%. The ex-dividend date is Wednesday, December 28th.
Where is CareTrust REIT's stock going? Where will CareTrust REIT's stock price be in 2017?
8 brokerages have issued 12-month price objectives for CareTrust REIT's shares. Their predictions range from $13.50 to $18.00. On average, they anticipate CareTrust REIT's stock price to reach $15.58 in the next twelve months.
When will CareTrust REIT announce their earnings?
CareTrust REIT is scheduled to release their next quarterly earnings announcement on Tuesday, May, 9th 2017.
What are analysts saying about CareTrust REIT stock?
Here are some recent quotes from research analysts about CareTrust REIT stock:
Canaccord Genuity analysts commented, "Date and time of first dissemination: February 08, 2017, 05:04 ET Date and time of production: February 08, 2017, 05:05 ET Target Price / Valuation Methodology: CareTrust REIT – CTRE Our price target of $18 is based on the average of 15x 2018E FFO/sh and a 30% premium to our forward NAV/sh, which in turn applies a cap rate of 8.90% to our forward cash NOI estimate. Risks to achieving Target Price / Valuation: CareTrust REIT – CTRE SNF reimbursement trends. Ensign derives a significant portion of its revenue base from government payors and is thus subject to shifts in reimbursement trends. In turn, as CareTrust’s largest tenant, Ensign’s EBITDAR margins and revenue growth determine the company’s lease coverage and perceptions regarding the stabilize of the long-term cash flow stream can impact CTRE’s trading valuation. Distribution of Ratings: Global Stock Ratings (as of 02/08/17) Rating Coverage Universe IB Clients # % % Buy 587 61.34% 36.63% Hold 277 28.94% 16.61% Sell 32 3.34% 18.75% Speculative Buy 61 6.37% 73.77% 957* 100.0% *Total includes stocks that are Under Review Canaccord Genuity Ratings System BUY: The stock is expected to generate risk-adjusted returns of over 10% during the next 12 months. HOLD: The stock is expected to generate risk-adjusted returns of 0-10% during the next 12 months. SELL: The stock is expected to generate negative risk-adjusted returns during the next 12 months. NOT RATED: Canaccord Genuity does not provide research coverage of the relevant issuer." (2/8/2017)
According to Zacks Investment Research, "CareTrust REIT, Inc. is a real estate investment trust. It is primarily engaged in the ownership, acquisition and leasing of healthcare-related properties. The Company leases healthcare facilities to healthcare operators in triple-net lease arrangements. CareTrust REIT, Inc. is based in United States. " (1/31/2017)
Who owns CareTrust REIT stock?
CareTrust REIT's stock is owned by a number of of institutional and retail investors. Top institutional investors include State Street Corp (2.68%), Dimensional Fund Advisors LP (1.22%), Heitman Real Estate Securities LLC (1.02%), FMR LLC (0.96%), AQR Capital Management LLC (0.64%) and Two Sigma Investments LP (0.57%).
Who sold CareTrust REIT stock? Who is selling CareTrust REIT stock?
CareTrust REIT's stock was sold by a variety of institutional investors in the last quarter, including Heitman Real Estate Securities LLC, Menta Capital LLC, State Board of Administration of Florida Retirement System, Bard Associates Inc., Teachers Retirement System of The State of Kentucky and Tudor Investment Corp Et Al.
Who bought CareTrust REIT stock? Who is buying CareTrust REIT stock?
CareTrust REIT's stock was acquired by a variety of institutional investors in the last quarter, including State Street Corp, Russell Investments Group Ltd., Guggenheim Capital LLC, Dimensional Fund Advisors LP, Allianz Asset Management AG, Teza Capital Management LLC, Silvercrest Asset Management Group LLC and Raymond James Financial Services Advisors Inc..
How do I buy CareTrust REIT stock?
Shares of CareTrust REIT can be purchased through any online brokerage account. Popular online brokerages include Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Scottrade, Fidelity and Charles Schwab.
How much does a share of CareTrust REIT stock cost?
One share of CareTrust REIT stock can currently be purchased for approximately $15.78.