CareTrust REIT Company Profile (NASDAQ:CTRE)

About CareTrust REIT

CareTrust REIT logoCareTrust 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
  • CUSIP:
Key Metrics:
  • 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
Profitability:
  • Net Margins: 28.04%
  • Return on Equity: 7.62%
  • Return on Assets: 3.54%
Debt:
  • Debt-to-Equity Ratio: 0.99%
  • Current Ratio: 1.10%
  • Quick Ratio: 1.10%
Additional Links:
Companies Related to CareTrust REIT:

Analyst Ratings

Consensus Ratings for CareTrust REIT (NASDAQ:CTRE) (?)
Ratings Breakdown: 4 Hold Ratings, 4 Buy Ratings
Consensus Rating:Buy (Score: 2.50)
Consensus Price Target: $15.58 (1.25% downside)

Analysts' Ratings History for CareTrust REIT (NASDAQ:CTRE)
Show:
DateFirmActionRatingPrice TargetDetails
2/8/2017Canaccord GenuityReiterated RatingBuy$18.00View Rating Details
1/3/2017RBC Capital MarketsDowngradeOutperform -> Sector Perform$16.00View Rating Details
11/22/2016JMP SecuritiesReiterated RatingHoldView Rating Details
11/3/2016Barclays PLCReiterated RatingHold$16.00View Rating Details
9/14/2016StephensInitiated CoverageOverweight$16.00View Rating Details
8/25/2016Raymond James Financial, Inc.Initiated CoverageOutperform$13.50View Rating Details
7/26/2016Wells Fargo & CompanyInitiated CoverageMarket PerformView Rating Details
3/30/2016BMO Capital MarketsBoost Price TargetOutperform$12.50 -> $14.00View Rating Details
9/24/2015Royal Bank Of CanadaInitiated CoverageOutperform$13.00View Rating Details
9/10/2015KeyCorpInitiated CoverageOverweight$13.00View Rating Details
(Data available from 2/24/2015 forward)

Earnings

Earnings History for CareTrust REIT (NASDAQ:CTRE)
DateQuarterConsensus EstimateActual EPSRevenue EstimateActual RevenueRelease LinkConference CallDetails
5/9/2017        
2/7/2017Q4 2016$0.14$0.28$27.36 million$28.20 millionViewListenView Earnings Details
8/8/2016Q2$0.26$0.27$23.68 million$25.70 millionViewN/AView Earnings Details
5/11/2016Q1$0.26$0.27$22.21 million$23.67 millionViewListenView Earnings Details
2/11/2016Q4$0.24$0.25$18.63 million$22.60 millionViewListenView Earnings Details
11/5/2015Q315$0.19$0.20$15.83 million$18.00 millionViewN/AView Earnings Details
8/10/2015Q215$0.25$0.25$16.46 million$17.40 millionViewListenView Earnings Details
5/12/2015Q115$0.23$0.24$16.05 million$17.00 millionViewN/AView Earnings Details
2/11/2015Q414$0.29$0.28$15.91 million$16.08 millionViewN/AView Earnings Details
10/30/2014$0.30$0.33ViewN/AView Earnings Details
(Data available from 1/1/2011 forward)

Estimates

Earnings Estimates for CareTrust REIT (NASDAQ:CTRE)
Current Year EPS Consensus Estimate: $0.61 EPS
Next Year EPS Consensus Estimate: $0.70 EPS
QuarterNumber of EstimatesLow EstimateHigh EstimateAverage Estimate
Q1 20161$0.26$0.26$0.26
Q2 20161$0.26$0.26$0.26
Q3 20161$0.28$0.28$0.28
Q4 20161$0.27$0.27$0.27
Q1 20171$0.28$0.28$0.28
Q2 20171$0.29$0.29$0.29
Q3 20171$0.30$0.30$0.30
Q4 20171$0.31$0.31$0.31
(Data provided by Zacks Investment Research)

Dividends

Dividend History for CareTrust REIT (NASDAQ:CTRE)
AnnouncedPeriodAmountYieldEx-Dividend DateRecord DatePayable Date
12/20/2016quarterly$0.174.41%12/28/201612/31/20161/13/2017
9/20/2016quarterly$0.174.69%9/28/20169/30/201610/14/2016
6/20/2016quarterly$0.175.01%6/28/20166/30/20167/15/2016
3/17/2016quarterly$0.175.66%3/29/20163/31/20164/15/2016
12/17/2015quarterly$0.165.63%12/29/201512/31/20151/15/2016
9/17/2015quarterly$0.165.4%9/28/20159/30/201510/15/2015
6/19/2015quarterly$0.164.69%6/26/20156/30/20157/31/2015
3/20/2015quarterly$0.164.7%3/27/20153/31/20154/15/2015
12/18/2014quarterly$0.134.06%12/29/201412/31/20141/15/2015
10/17/2014special$5.8810/31/201412/10/2014
(Data available from 1/1/2013 forward)

Insider Trades

Insider Trading History for CareTrust REIT (NASDAQ:CTRE)
Insider Ownership Percentage: 1.76%
Institutional Ownership Percentage: 77.45%
Transaction DateInsider NameTitleBuy/SellNumber of SharesAverage Share PriceTotal TransactionDetails
11/16/2015Gary B SabinDirectorBuy20,000$10.25$205,000.00View SEC Filing  
1/12/2015Christopher R ChristensenDirectorSell174,396$11.82$2,061,360.72View SEC Filing  
1/7/2015Christopher R ChristensenDirectorSell115,000$11.71$1,346,650.00View SEC Filing  
1/6/2015Christopher R ChristensenDirectorSell58,221$11.63$677,110.23View SEC Filing  
1/5/2015Christopher R ChristensenDirectorSell26,701$11.78$314,537.78View SEC Filing  
(Data available from 1/1/2013 forward)

Headlines

Latest Headlines for CareTrust REIT (NASDAQ:CTRE)
DateHeadline
capitalcube.com logoCareTrust REIT, Inc. : CTRE-US: Dividend Analysis : December 31st, 2016 (record date) : By the numbers : February 16, 2017 (NASDAQ:CTRE)
www.capitalcube.com - February 16 at 6:30 PM
biz.yahoo.com logoCARETRUST REIT, INC. Files SEC form 8-K/A, Financial Statements and Exhibits (NASDAQ:CTRE)
biz.yahoo.com - February 16 at 1:29 PM
finance.yahoo.com logoCARETRUST REIT, INC. Financials (NASDAQ:CTRE)
finance.yahoo.com - February 11 at 4:39 PM
capitalcube.com logoCareTrust REIT, Inc. :CTRE-US: Earnings Analysis: 2016 By the Numbers : February 10, 2017 (NASDAQ:CTRE)
www.capitalcube.com - February 10 at 4:58 PM
capitalcube.com logoCareTrust REIT, Inc. :CTRE-US: Earnings Analysis: Q4, 2016 By the Numbers : February 9, 2017 (NASDAQ:CTRE)
www.capitalcube.com - February 9 at 5:02 PM
finance.yahoo.com logoEdited Transcript of CTRE earnings conference call or presentation 8-Feb-17 6:00pm GMT (NASDAQ:CTRE)
finance.yahoo.com - February 9 at 3:03 AM
us.rd.yahoo.com logo4:28 pm CareTrust REIT reports FFO in-line, beats on revs (NASDAQ:CTRE)
us.rd.yahoo.com - February 7 at 10:43 PM
sg.finance.yahoo.com logoCareTrust REIT reports 4Q results (NASDAQ:CTRE)
sg.finance.yahoo.com - February 7 at 10:43 PM
biz.yahoo.com logoQ4 2016 CareTrust REIT Inc Earnings Release - After Market Close (NASDAQ:CTRE)
biz.yahoo.com - February 7 at 5:41 PM
finance.yahoo.com logoCareTrust REIT Announces Fourth Quarter and Full Year 2016 Operating Results (NASDAQ:CTRE)
finance.yahoo.com - February 7 at 5:41 PM
News IconSenior Housing Investments & Transactions: IPA’s $1.06 Billion Year (NASDAQ:CTRE)
seniorhousingnews.com - February 6 at 9:38 PM
News IconCareTrust REIT Schedules Fourth Quarter and Year-End 2016 Earnings Call for Wednesday, February ... (NASDAQ:CTRE)
www.biomedreports.com - February 3 at 4:52 PM
capitalcube.com logoETFs with exposure to CareTrust REIT, Inc. : February 3, 2017 (NASDAQ:CTRE)
www.capitalcube.com - February 3 at 4:52 PM
nasdaq.com logoCareTrust REIT Schedules Fourth Quarter and Year-End 2016 Earnings Call for Wednesday, February 8, (NASDAQ:CTRE)
www.nasdaq.com - February 2 at 4:58 PM
finance.yahoo.com logoCareTrust REIT Expands Wisconsin Seniors Housing Portfolio (NASDAQ:CTRE)
finance.yahoo.com - February 2 at 4:58 PM
capitalcube.com logoCareTrust REIT, Inc. breached its 50 day moving average in a Bearish Manner : CTRE-US : February 2, 2017 (NASDAQ:CTRE)
www.capitalcube.com - February 2 at 4:58 PM
finance.yahoo.com logoCareTrust REIT Schedules Fourth Quarter and Year-End 2016 Earnings Call for Wednesday, February 8, 2017 (NASDAQ:CTRE)
finance.yahoo.com - February 2 at 4:58 PM
finance.yahoo.com logoCareTrust REIT Announces Tax Treatment of 2016 Distributions (NASDAQ:CTRE)
finance.yahoo.com - January 26 at 5:45 PM
fool.com logo5 Stocks With Bigger Dividends Than ExxonMobil (NASDAQ:CTRE)
www.fool.com - January 21 at 3:50 AM
4-traders.com logoCaretrust REIT : Technical Reports on REIT Stocks -- Omega Healthcare Investors, Senior Housing Properties Trust, GEO Group, and CareTrust REIT (NASDAQ:CTRE)
www.4-traders.com - January 20 at 10:49 PM
marketexclusive.com logoAnalyst Downgrades – CareTrust REIT (NASDAQ:CTRE) Stock Gets Downgraded By RBC Capital Markets from Outperform to Sector Perform (NASDAQ:CTRE)
marketexclusive.com - January 5 at 6:17 AM
capitalcube.com logoETFs with exposure to CareTrust REIT, Inc. : December 19, 2016 (NASDAQ:CTRE)
www.capitalcube.com - December 20 at 9:41 AM
capitalcube.com logoETFs with exposure to CareTrust REIT, Inc. : December 8, 2016 (NASDAQ:CTRE)
us.rd.yahoo.com - December 10 at 11:13 AM
biz.yahoo.com logoCARETRUST REIT, INC. Files SEC form 8-K, Completion of Acquisition or Disposition of Assets, Regulation FD Disclosure (NASDAQ:CTRE)
biz.yahoo.com - December 6 at 11:45 AM
News IconFirst Week of July 2017 Options Trading For CareTrust REIT (CTRE) (NASDAQ:CTRE)
www.stockoptionschannel.com - December 1 at 4:41 PM
streetinsider.com logoCareTrust REIT (CTRE) Acquires Texas-Located Nursing Facilities Portfolio for ~$96M (NASDAQ:CTRE)
www.streetinsider.com - December 1 at 4:41 PM
finance.yahoo.com logoCareTrust REIT Acquires Texas Portfolio (NASDAQ:CTRE)
finance.yahoo.com - December 1 at 4:41 PM
capitalcube.com logoCareTrust REIT, Inc. breached its 50 day moving average in a Bullish Manner : CTRE-US : November 23, 2016 (NASDAQ:CTRE)
www.capitalcube.com - November 23 at 12:19 PM
biz.yahoo.com logoCARETRUST REIT, INC. Files SEC form 8-K, Other Events, Financial Statements and Exhibits (NASDAQ:CTRE)
biz.yahoo.com - November 21 at 9:26 AM
capitalcube.com logoCareTrust REIT, Inc. :CTRE-US: Earnings Analysis: Q3, 2016 By the Numbers : November 18, 2016 (NASDAQ:CTRE)
www.capitalcube.com - November 18 at 1:44 PM
marketexclusive.com logoCareTrust REIT, Inc. (NASDAQ:CTRE) Files An 8-K Regulation FD Disclosure (NASDAQ:CTRE)
marketexclusive.com - November 17 at 9:38 AM
4-traders.com logoCareTrust REIT : Announces Launch of Public Offering of Common Stock (NASDAQ:CTRE)
www.4-traders.com - November 15 at 7:45 AM
finance.yahoo.com logoCareTrust REIT, Inc. Announces Pricing of Public Offering of Common Stock (NASDAQ:CTRE)
finance.yahoo.com - November 14 at 9:58 PM
finance.yahoo.com logoCareTrust REIT, Inc. Announces Launch of Public Offering of Common Stock (NASDAQ:CTRE)
finance.yahoo.com - November 14 at 4:40 PM
finance.yahoo.com logoEdited Transcript of CTRE earnings conference call or presentation 3-Nov-16 4:00pm GMT (NASDAQ:CTRE)
finance.yahoo.com - November 4 at 1:04 PM
sg.finance.yahoo.com logoCareTrust REIT reports 3Q results (NASDAQ:CTRE)
sg.finance.yahoo.com - November 3 at 8:37 AM
finance.yahoo.com logo4:46 pm CareTrust REIT reports FFO in-line, beats on revs; guides FY16 FFO in-line (NASDAQ:CTRE)
finance.yahoo.com - November 2 at 10:43 PM
biz.yahoo.com logoCARETRUST REIT, INC. Files SEC form 10-Q, Quarterly Report (NASDAQ:CTRE)
biz.yahoo.com - November 2 at 4:34 PM
finance.yahoo.com logoCareTrust REIT, Inc. Announces Third Quarter 2016 Operating Results (NASDAQ:CTRE)
finance.yahoo.com - November 2 at 4:34 PM
biz.yahoo.com logoCARETRUST REIT, INC. Files SEC form 8-K, Results of Operations and Financial Condition, Regulation FD Disclosure, Fin (NASDAQ:CTRE)
biz.yahoo.com - November 2 at 4:34 PM
biz.yahoo.com logoQ3 2016 CareTrust REIT Inc Earnings Release - After Market Close (NASDAQ:CTRE)
biz.yahoo.com - November 2 at 8:12 AM
finance.yahoo.com logoCareTrust REIT Schedules Third Quarter 2016 Earnings Call for Thursday, November 3, 2016 (NASDAQ:CTRE)
finance.yahoo.com - October 27 at 10:01 PM
nasdaq.com logoCTRE Breaks Above 5% Yield Territory (NASDAQ:CTRE)
www.nasdaq.com - October 10 at 4:21 PM
capitalcube.com logoCareTrust REIT, Inc. : CTRE-US: Dividend Analysis : September 30th, 2016 (record date) : By the numbers : October 4, 2016 (NASDAQ:CTRE)
www.capitalcube.com - October 4 at 4:26 PM
capitalcube.com logoCareTrust REIT, Inc. breached its 50 day moving average in a Bearish Manner : CTRE-US : September 30, 2016 (NASDAQ:CTRE)
www.capitalcube.com - September 30 at 9:34 AM
zacks.com logoOutfront Media (OUT) Receives Advertising Rights by MBTA (NASDAQ:CTRE)
www.zacks.com - September 21 at 8:42 AM
4-traders.com logoCareTrust REIT : Makes Preferred Equity Investment (NASDAQ:CTRE)
www.4-traders.com - September 20 at 8:06 AM
capitalcube.com logoCareTrust REIT, Inc. breached its 50 day moving average in a Bearish Manner : CTRE-US : September 14, 2016 (NASDAQ:CTRE)
www.capitalcube.com - September 14 at 4:31 PM
capitalcube.com logoETF’s with exposure to CareTrust REIT, Inc. : September 13, 2016 (NASDAQ:CTRE)
www.capitalcube.com - September 14 at 8:05 AM
zacks.com logoOutfront Assumes New Advertising Rights in Los Angeles (NASDAQ:CTRE)
www.zacks.com - September 13 at 9:19 AM

Social

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.

CareTrust REIT (NASDAQ:CTRE) Chart for Friday, February, 24, 2017


Institutional Ownership Chart

Institutional Ownership by Quarter for CareTrust REIT (NASDAQ:CTRE)

Earnings History Chart

Earnings by Quarter for CareTrust REIT (NASDAQ:CTRE)

Dividend History Chart

Dividend Payments by Quarter for CareTrust REIT (NASDAQ:CTRE)

Last Updated on 2/24/2017 by MarketBeat.com Staff