About Caretrust REIT (NASDAQ:CTRE)
CareTrust REIT, Inc. is a self-administered, self-managed real estate investment trust. The Company is engaged in the ownership, acquisition and leasing of healthcare-related properties. It makes investments in healthcare-related real estate assets. As of December 31, 2016, its real estate portfolio included 154 skilled nursing facilities (SNFs), SNF Campuses, assisted living facilities and independent living facilities. As of December 31, 2016, the 93 facilities leased to The Ensign Group, Inc. had a total of 9,916 beds and units and are located in Arizona, California, Colorado, Idaho, Iowa, Nebraska, Nevada, Texas, Utah and Washington; the 16 facilities leased to affiliates of Pristine Senior Living, LLC had a total of 1,488 beds and units; and the 42 remaining leased properties had a total of 3,515 beds and units and are located in California, Colorado, Florida, Georgia, Idaho, Indiana, Iowa, Maryland, Michigan, Minnesota, North Carolina, Texas, Virginia, Washington and Wisconsin.
Industry, Sector and Symbol
Industry REAL ESTATE
Trailing P/E Ratio37.3888888888889
Forward P/E Ratio10.52
Sales & Book Value
Annual Sales$132.98 million
Price / Sales7.71
Cash Flow$0.89 per share
Price / Cash15.06
Book Value$7.83 per share
Price / Book1.72
Net Income$25.87 million
Return on Equity4.37%
Return on Assets2.40%
Caretrust REIT (NASDAQ:CTRE) Frequently Asked Questions
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 announced a quarterly dividend on Monday, March 19th. Stockholders of record on Friday, March 30th will be paid a dividend of $0.205 per share on Friday, April 13th. This represents a $0.82 dividend on an annualized basis and a dividend yield of 6.09%. The ex-dividend date is Wednesday, March 28th. This is a boost from Caretrust REIT's previous quarterly dividend of $0.19. View Caretrust REIT's Dividend History.
How were Caretrust REIT's earnings last quarter?
Caretrust REIT Inc (NASDAQ:CTRE) released its quarterly earnings results on Wednesday, November, 8th. The real estate investment trust reported $0.28 EPS for the quarter, missing the Zacks' consensus estimate of $0.29 by $0.01. The real estate investment trust earned $32.90 million during the quarter, compared to analyst estimates of $32.91 million. Caretrust REIT had a return on equity of 4.37% and a net margin of 19.46%. The business's quarterly revenue was up 21.4% on a year-over-year basis. During the same period in the prior year, the company posted $0.28 EPS. View Caretrust REIT's Earnings History.
When will Caretrust REIT make its next earnings announcement?
What guidance has Caretrust REIT issued on next quarter's earnings?
Caretrust REIT issued an update on its FY18 earnings guidance on Tuesday, February, 27th. The company provided EPS guidance of $1.25-1.27 for the period, compared to the Thomson Reuters consensus estimate of $1.30.
Where is Caretrust REIT's stock going? Where will Caretrust REIT's stock price be in 2018?
10 equities research analysts have issued 12-month price objectives for Caretrust REIT's shares. Their forecasts range from $15.00 to $21.00. On average, they anticipate Caretrust REIT's stock price to reach $18.20 in the next twelve months. View Analyst Ratings for Caretrust REIT.
What are Wall Street analysts saying about Caretrust REIT stock?
Here are some recent quotes from research analysts about Caretrust REIT stock:
- 1. Cantor Fitzgerald analysts commented, "Skilled Nursing focus. In our view, the market underappreciates the skilled nursing opportunity created by the development of value-based reimbursement models and the growing role of post-acute care. Although skilled nursing has been out of favor because of disappointments at several of the industry’s largest players, we believe that the sector is attractive because of its potential to capitalize as a post-acute provider of services such as short stay rehab, on bundled payments and shared savings programs." (3/5/2018)
- 2. 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. " (1/15/2018)
- 3. Canaccord Genuity analysts commented, "Date and time of first dissemination: May 03, 2017, 05:14 ET Date and time of production: May 03, 2017, 04:59 ET Target Price / Valuation Methodology: CareTrust REIT – CTRE Our $19 PT represents a blended 30% premium to our forward Net Asset Value per share estimate and a 14.6x FFO multiple applied to our $1.35 2018 FFO/sh estimate." (5/3/2017)
Who are some of Caretrust REIT's key competitors?
Some companies that are related to Caretrust REIT include Xenia Hotels & Resorts (XHR), Washington Real Estate Investment Trust (WRE), Five Point (FPH), DiamondRock Hospitality (DRH), Tanger Factory Outlet Centers (SKT), Acadia Realty Trust (AKR), Apollo Commercial Real Estat (ARI), Retail Opportunity Investments (ROIC), Terreno Realty (TRNO), MGM Growth Properties (MGP), Lexington Realty Trust (LXP), Gazit Globe (GZT), HFF (HF), QTS Realty Trust (QTS), Invesco Mortgage Capital (IVR), Redfin (RDFN), Alexander & Baldwin (ALEX) and Select Income REIT (SIR).
Who are Caretrust REIT's key executives?
Caretrust REIT's management team includes the folowing people:
- Gregory K. Stapley, Chairman of the Board, President, Chief Executive Officer (Age 57)
- William M. Wagner, Chief Financial Officer, Treasurer, Secretary (Age 51)
- David M. Sedgwick, Vice President - Operations (Age 41)
- Allen C. Barbieri, Independent Director (Age 59)
- Jon D. Kline, Independent Director (Age 50)
- David G. Lindahl, Independent Director (Age 57)
- Spencer G. Plumb, Independent Director (Age 42)
Has Caretrust REIT been receiving favorable news coverage?
Media headlines about CTRE stock have been trending somewhat negative recently, according to Accern Sentiment Analysis. Accern identifies negative and positive news coverage by reviewing more than 20 million news and blog sources in real time. Accern ranks coverage of publicly-traded companies on a scale of negative one to positive one, with scores closest to one being the most favorable. Caretrust REIT earned a coverage optimism score of -0.02 on Accern's scale. They also gave media headlines about the real estate investment trust an impact score of 46.07 out of 100, meaning that recent news coverage is somewhat unlikely to have an effect on the company's share price in the next few days.
Who are Caretrust REIT's major shareholders?
Caretrust REIT's stock is owned by a variety of of retail and institutional investors. Top institutional shareholders include BlackRock Inc. (15.05%), Deutsche Bank AG (5.75%), Wasatch Advisors Inc. (3.71%), Emerald Advisers Inc. PA (1.54%), Bank of New York Mellon Corp (1.45%) and Millennium Management LLC (1.41%). View Institutional Ownership Trends for Caretrust REIT.
Which major investors are selling Caretrust REIT stock?
CTRE stock was sold by a variety of institutional investors in the last quarter, including Keeley Teton Advisors LLC, Deutsche Bank AG, Wasatch Advisors Inc., Bank of Montreal Can, Allianz Asset Management GmbH, Groesbeck Investment Management Corp NJ, Kennedy Capital Management Inc. and LSV Asset Management. View Insider Buying and Selling for Caretrust REIT.
Which major investors are buying Caretrust REIT stock?
CTRE stock was acquired by a variety of institutional investors in the last quarter, including Millennium Management LLC, BlackRock Inc., Amundi Pioneer Asset Management Inc., Eversept Partners LLC, Heitman Real Estate Securities LLC, Renaissance Technologies LLC, Arizona State Retirement System and Wells Fargo & Company MN. View Insider Buying and Selling for Caretrust REIT.
How do I buy shares of Caretrust REIT?
Shares of CTRE can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Scottrade, Fidelity and Charles Schwab.
What is Caretrust REIT's stock price today?
One share of CTRE stock can currently be purchased for approximately $13.46.
How big of a company is Caretrust REIT?
Caretrust REIT has a market capitalization of $1.05 billion and generates $132.98 million in revenue each year. The real estate investment trust earns $25.87 million in net income (profit) each year or $0.36 on an earnings per share basis. Caretrust REIT employs 50 workers across the globe.
How can I contact Caretrust REIT?
Caretrust REIT's mailing address is 905 CALLE AMANECER SUITE 300, SAN CLEMENTE CA, 92673. The real estate investment trust can be reached via phone at 949-542-3130 or via email at [email protected]
MarketBeat Community Rating for Caretrust REIT (CTRE)MarketBeat's community ratings are surveys of what our community members think about Caretrust REIT and other stocks. Vote "Outperform" if you believe the stock will outperform the S&P 500 over the long term. Vote "Underperform" if you believe the stock will underperform the S&P 500 over the long term. You may vote once every thirty days.
Caretrust REIT (NASDAQ:CTRE) Analysts' Consensus Rating (How are Consensus Ratings Calculated?)
MarketBeat calculates consensus analyst ratings for company stocks using the most recent rating from each brokerage that has rated a stock within the last twelve months. Since brokers often use different ratings systems, each rating is normalized to a standardized rating score of 1 (sell), 2 (hold), 3 (buy) or 4 (strong buy). Analyst consensus ratings scores are calculated using the mean average of the number of normalized sell, hold, buy and strong buy ratings from Wall Street analysts. Each stock's consensus analyst rating is derived from its calculated consensus ratings score (0-1.5 = Sell, 1.5-2.5 = Hold, 2.5-3.5 = Buy, >3.5 = Strong Buy). MarketBeat's consensus price targets are a mean average of the most recent available price targets set by each analyst that has set a price target for the stock in the last twelve months.
MarketBeat will no longer include ratings and price target data in its consensus calculation if a broker drops coverage and MarketBeat has received a report that coverage was dropped. Ratings from certain research firms that issue ratings using purely quantitative methods (such as Zacks, Vetr and ValuEngine) are not included in consensus calculations. MarketBeat's consensus ratings and consensus price targets may differ from those calculated by other firms due to differences in methodology and available data.
|Today||30 Days Ago||90 Days Ago||180 Days Ago|
|Consensus Rating: ||Buy||Buy||Buy||Hold|
|Consensus Rating Score: ||2.60||2.63||2.50||2.43|
|Ratings Breakdown: ||0 Sell Rating(s)|
4 Hold Rating(s)
6 Buy Rating(s)
0 Strong Buy Rating(s)
|0 Sell Rating(s)|
3 Hold Rating(s)
5 Buy Rating(s)
0 Strong Buy Rating(s)
|0 Sell Rating(s)|
4 Hold Rating(s)
4 Buy Rating(s)
0 Strong Buy Rating(s)
|0 Sell Rating(s)|
4 Hold Rating(s)
3 Buy Rating(s)
0 Strong Buy Rating(s)
|Consensus Price Target: ||$18.20||$19.63||$19.25||$18.33|
|Price Target Upside: ||35.22% upside||25.08% upside||7.60% upside||5.16% downside|
Caretrust REIT (NASDAQ:CTRE) Consensus Price Target History
Caretrust REIT (NASDAQ:CTRE) Analyst Ratings History
(Data available from 3/24/2016 forward)
Caretrust REIT (NASDAQ:CTRE) Earnings History and Estimates Chart
Caretrust REIT (NASDAQ CTRE) Earnings History by Quarter
(Earnings results data provided by Zacks Investment Research)
|Date||Quarter||Consensus Estimate||Actual EPS||Revenue Estimate||Actual Revenue||Release Link||Conference Call||Details|
|11/8/2017||Q3 2017||$0.29||$0.28||$32.91 million||$32.90 million||View||N/A|
|8/2/2017||Q2 2017||$0.29||$0.03||$31.59 million||$32.83 million||View||N/A|
|5/2/2017||Q1 2017||$0.28||$0.15||$29.55 million||$30.61 million||View||N/A|
|2/7/2017||Q4 2016||$0.14||$0.14||$27.36 million||$28.20 million||View||Listen|
|11/2/2016||Q3 2016||$0.27||$0.13||$26.17 million||$27.11 million||View||N/A|
|8/8/2016||Q2||$0.26||$0.27||$23.68 million||$25.70 million||View||N/A|
|5/11/2016||Q1||$0.26||$0.11||$22.21 million||$23.67 million||View||Listen|
|2/11/2016||Q4||$0.24||$0.25||$18.63 million||$22.60 million||View||Listen|
|11/5/2015||Q315||$0.19||$0.02||$15.83 million||$18.00 million||View||N/A|
|8/10/2015||Q215||$0.25||$0.25||$16.46 million||$17.40 million||View||Listen|
|5/12/2015||Q115||$0.23||$0.24||$16.05 million||$17.00 million||View||N/A|
|2/11/2015||Q414||$0.29||$0.25||$15.91 million||$16.08 million||View||N/A|
|10/30/2014||Q3 2014||$0.30||$0.33||$15.88 million||View||N/A|
|8/13/2014||Q2 2014||($0.47)||$14.07 million||View||N/A|
Caretrust REIT (NASDAQ:CTRE) Earnings Estimates
2018 EPS Consensus Estimate: $1.31
(Earnings estimates data provided by Zacks Investment Research)
|Quarter||Number of Estimates||Low Estimate||High Estimate||Average Estimate|
Caretrust REIT (NASDAQ:CTRE) Dividend Information
|Payout Ratio:||205.56% (Trailing 12 Months of Earnings) |
57.81% (Based on This Year's Estimates)
53.62% (Based on Next Year's Estimates)
Caretrust REIT (NASDAQ:CTRE) Dividend History by Quarter
(Data available from 1/1/2013 forward)
|Announced||Period||Amount||Yield||Ex-Dividend Date||Record Date||Payable Date|
Caretrust REIT (NASDAQ CTRE) Insider Trading and Institutional Ownership History
Insider Ownership Percentage: 1.60%
Institutional Ownership Percentage: 91.41%
Caretrust REIT (NASDAQ CTRE) Insider Trades by Quarter
(Data available from 1/1/2013 forward)
|Transaction Date||Insider Name||Title||Buy/Sell||Number of Shares||Average Share Price||Total Transaction||Shares Held After Transaction||Details|
|11/16/2015||Gary B Sabin||Director||Buy||20,000||$10.25||$205,000.00||32,160|| |
|1/12/2015||Christopher R Christensen||Director||Sell||174,396||$11.82||$2,061,360.72|| |
|1/7/2015||Christopher R Christensen||Director||Sell||115,000||$11.71||$1,346,650.00|| |
|1/6/2015||Christopher R Christensen||Director||Sell||58,221||$11.63||$677,110.23|| |
|1/5/2015||Christopher R Christensen||Director||Sell||26,701||$11.78||$314,537.78|| |
Caretrust REIT (NASDAQ CTRE) News Headlines
|Q1 2018 EPS Estimates for Caretrust REIT Inc Boosted by Analyst (CTRE)|
www.americanbankingnews.com - March 23 at 7:46 AM
|Caretrust REIT Inc (CTRE) Receives Average Rating of "Hold" from Brokerages|
www.americanbankingnews.com - March 21 at 3:49 PM
|Caretrust REIT Inc (CTRE) Announces Quarterly Dividend of $0.21|
www.americanbankingnews.com - March 19 at 6:46 PM
|CareTrust REIT Raises Quarterly Dividend 10.8% to $0.205 per Share|
finance.yahoo.com - March 16 at 9:45 AM
|Cantor Fitzgerald Comments on Caretrust REIT Inc's FY2018 Earnings (CTRE)|
www.americanbankingnews.com - March 9 at 10:54 AM
|Zacks: Analysts Anticipate Caretrust REIT Inc (CTRE) Will Announce Quarterly Sales of $36.62 Million|
www.americanbankingnews.com - March 9 at 4:10 AM
|Zacks: Brokerages Expect Caretrust REIT Inc (CTRE) to Post $0.31 Earnings Per Share|
www.americanbankingnews.com - March 7 at 3:18 PM
|KeyCorp Comments on Caretrust REIT Inc's Q1 2018 Earnings (CTRE)|
www.americanbankingnews.com - March 7 at 7:58 AM
|Caretrust REIT (CTRE) Earns "Hold" Rating from Royal Bank of Canada|
www.americanbankingnews.com - March 6 at 4:10 PM
|Caretrust REIT (CTRE) Price Target Cut to $16.00 by Analysts at KeyCorp|
www.americanbankingnews.com - March 6 at 3:28 PM
|Caretrust REIT (CTRE) Coverage Initiated at Cantor Fitzgerald|
www.americanbankingnews.com - March 5 at 8:24 PM
|CareTrust REIT Acquires Michigan Portfolio|
finance.yahoo.com - March 5 at 9:43 AM
|TheStreet Downgrades Caretrust REIT (CTRE) to C+|
www.americanbankingnews.com - March 3 at 7:16 PM
|70,235 Shares in Caretrust REIT Inc (CTRE) Purchased by Ascend Capital LLC|
www.americanbankingnews.com - March 3 at 4:38 AM
|Caretrust REIT (CTRE) Rating Reiterated by Stifel Nicolaus|
www.americanbankingnews.com - February 28 at 12:28 PM
|CareTrust REIT Announces Fourth Quarter and Fiscal 2017 Operating Results|
finance.yahoo.com - February 28 at 9:25 AM
|Caretrust REIT (CTRE) Releases FY18 Earnings Guidance|
www.americanbankingnews.com - February 27 at 9:14 PM
|Have Investors Already Priced In CareTrust REIT Inc’s (NASDAQ:CTRE) Growth?|
finance.yahoo.com - February 27 at 9:29 AM
|Caretrust REIT Inc (CTRE) Receives Average Recommendation of "Hold" from Analysts|
www.americanbankingnews.com - February 24 at 3:38 PM
|Caretrust REIT (CTRE) Set to Announce Quarterly Earnings on Tuesday|
www.americanbankingnews.com - February 22 at 8:16 PM
|CareTrust REIT Inc (NASDAQ:CTRE): Can It Deliver A Superior ROE To The Industry?|
finance.yahoo.com - February 20 at 4:53 PM
|CareTrust REIT Schedules Year End 2017 Earnings Call for Wednesday, February 28, 2018|
finance.yahoo.com - February 20 at 9:06 AM
|$34.73 Million in Sales Expected for Caretrust REIT Inc (CTRE) This Quarter|
www.americanbankingnews.com - February 20 at 3:46 AM
|Zacks: Analysts Anticipate Caretrust REIT Inc (CTRE) Will Announce Earnings of $0.31 Per Share|
www.americanbankingnews.com - February 18 at 9:10 PM
|Caretrust REIT Inc (CTRE) Short Interest Up 59.5% in January|
www.americanbankingnews.com - February 9 at 5:01 PM
|Location, Location, Location: CareTrust REIT Inc (NASDAQ:CTRE)’s Relative Position In The Real Estate Sector|
finance.yahoo.com - February 5 at 4:23 PM
|CareTrust REIT Expands into Montana|
finance.yahoo.com - February 5 at 9:07 AM
|Caretrust REIT Inc (CTRE) Expected to Post Quarterly Sales of $34.73 Million|
www.americanbankingnews.com - February 3 at 2:34 AM
|$0.31 Earnings Per Share Expected for Caretrust REIT Inc (CTRE) This Quarter|
www.americanbankingnews.com - February 1 at 11:22 PM
|Caretrust REIT Inc (CTRE) Given Average Rating of "Hold" by Brokerages|
www.americanbankingnews.com - January 30 at 5:36 PM
|Caretrust REIT (CTRE) Scheduled to Post Earnings on Monday|
www.americanbankingnews.com - January 29 at 3:56 AM
|Caretrust REIT Inc (CTRE) Sees Large Decline in Short Interest|
www.americanbankingnews.com - January 27 at 3:16 AM
|CareTrust REIT, Inc. Announces Tax Treatment of 2017 Dividends|
finance.yahoo.com - January 23 at 4:05 PM
|Caretrust REIT Inc (CTRE) Expected to Announce Quarterly Sales of $34.73 Million|
www.americanbankingnews.com - January 18 at 2:58 PM
|Caretrust REIT Inc (CTRE) Expected to Post Earnings of $0.31 Per Share|
www.americanbankingnews.com - January 16 at 1:10 AM
|Caretrust REIT (CTRE) Downgraded by Zacks Investment Research|
www.americanbankingnews.com - January 15 at 11:50 PM
|Caretrust REIT (CTRE) Given a $19.00 Price Target at Stephens|
www.americanbankingnews.com - January 13 at 8:46 PM
|Caretrust REIT Inc (CTRE) Sees Large Increase in Short Interest|
www.americanbankingnews.com - January 12 at 2:38 AM
|Caretrust REIT Inc (CTRE) Given Consensus Recommendation of "Hold" by Analysts|
www.americanbankingnews.com - January 5 at 3:28 PM
|$0.31 EPS Expected for Caretrust REIT Inc (CTRE) This Quarter|
www.americanbankingnews.com - December 30 at 5:18 AM
|CareTrust REIT, Inc. : CTRE-US: Dividend Analysis : December 29th, 2017 (record date) : By the numbers : December 29, 2017|
finance.yahoo.com - December 29 at 5:28 PM
|CareTrust REIT (CTRE) Stock Rating Upgraded by Wells Fargo & Company|
www.americanbankingnews.com - December 20 at 12:20 AM
|CareTrust REIT, Inc. (CTRE) Declares $0.19 Quarterly Dividend|
www.americanbankingnews.com - December 19 at 6:28 PM
|CareTrust REIT Announces Quarterly Dividend of $0.185 per Share|
finance.yahoo.com - December 18 at 9:26 AM
|BidaskClub Lowers CareTrust REIT (CTRE) to Strong Sell|
www.americanbankingnews.com - December 17 at 7:20 PM
|$34.73 Million in Sales Expected for CareTrust REIT, Inc. (CTRE) This Quarter|
www.americanbankingnews.com - December 15 at 6:42 PM
|Short Interest in CareTrust REIT, Inc. (CTRE) Drops By 32.2%|
www.americanbankingnews.com - December 15 at 3:08 AM
|Zacks: Brokerages Expect CareTrust REIT, Inc. (CTRE) Will Post Earnings of $0.31 Per Share|
www.americanbankingnews.com - December 13 at 1:30 AM
|CareTrust REIT, Inc. (CTRE) Receives Average Recommendation of "Hold" from Analysts|
www.americanbankingnews.com - December 11 at 6:28 PM
|Free Research Report as GEO Group’s Revenue Grew 2.2%; AFFO Advanced 7.7%|
finance.yahoo.com - December 8 at 9:12 AM
Caretrust REIT (NASDAQ:CTRE) SEC Filings
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Caretrust REIT (NASDAQ:CTRE) Income Statement, Balance Sheet and Cash Flow Statement
Caretrust REIT (NASDAQ CTRE) Stock Chart for Saturday, March, 24, 2018