NASDAQ:CTRE - Caretrust REIT Stock Price, News, & Analysis

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$23.43 -0.43 (-1.80 %)
(As of 03/22/2019 04:00 PM ET)
Previous Close$23.43
Today's Range$23.42 - $24.05
52-Week Range$12.73 - $24.10
Volume671,508 shs
Average Volume943,342 shs
Market Capitalization$2.08 billion
P/E Ratio18.30
Dividend Yield3.44%
Beta0.91
CareTrust REIT, Inc. is a self-administered, publicly-traded real estate investment trust engaged in the ownership, acquisition and leasing of seniors housing and healthcare-related properties. With 192 net-leased healthcare properties and three operated seniors housing properties in 27 states, CareTrust REIT is pursuing opportunities across the nation to acquire properties that will be leased to a diverse group of local, regional and national seniors housing operators, healthcare services providers, and other healthcare-related businesses.

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Industry, Sector and Symbol

Industry Real estate investment trusts
Sub-IndustryN/A
SectorFinance
Current SymbolNASDAQ:CTRE
Previous SymbolNASDAQ:CTREV
CUSIPN/A
Phone949-542-3130

Debt

Price-To-Earnings

Sales & Book Value

Annual Sales$156.94 million
Cash Flow$1.2817 per share
Book Value$9.16 per share

Profitability

Net Income$57.92 million

Miscellaneous

EmployeesN/A
Market Cap$2.08 billion
Next Earnings Date5/14/2019 (Estimated)
OptionableOptionable

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 Tuesday, March 19th. Stockholders of record on Friday, March 29th will be paid a dividend of $0.225 per share on Monday, April 15th. This represents a $0.90 annualized dividend and a dividend yield of 3.84%. The ex-dividend date of this dividend is Thursday, March 28th. This is a positive change from Caretrust REIT's previous quarterly dividend of $0.21. View Caretrust REIT's Dividend History.

How were Caretrust REIT's earnings last quarter?

Caretrust REIT Inc (NASDAQ:CTRE) posted its quarterly earnings results on Wednesday, February, 13th. The real estate investment trust reported $0.18 earnings per share for the quarter, missing the consensus estimate of $0.32 by $0.14. The real estate investment trust earned $40.36 million during the quarter, compared to analysts' expectations of $39.99 million. Caretrust REIT had a return on equity of 8.52% and a net margin of 36.91%. The firm's revenue was up 10.3% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.31 EPS. View Caretrust REIT's Earnings History.

When is Caretrust REIT's next earnings date?

Caretrust REIT is scheduled to release their next quarterly earnings announcement on Tuesday, May 14th 2019. View Earnings Estimates for Caretrust REIT.

What guidance has Caretrust REIT issued on next quarter's earnings?

Caretrust REIT issued an update on its FY19 earnings guidance on Wednesday, February, 13th. The company provided earnings per share (EPS) guidance of $1.30-1.32 for the period, compared to the Thomson Reuters consensus estimate of $1.36. Caretrust REIT also updated its FY 2019 guidance to $1.30-1.32 EPS.

What price target have analysts set for CTRE?

7 brokers have issued 12-month target prices for Caretrust REIT's stock. Their forecasts range from $18.00 to $22.00. On average, they expect Caretrust REIT's stock price to reach $20.50 in the next twelve months. This suggests that the stock has a possible downside of 12.5%. View Analyst Price Targets for Caretrust REIT.

What is the consensus analysts' recommendation for Caretrust REIT?

7 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Caretrust REIT in the last year. There are currently 1 hold rating, 5 buy ratings and 1 strong buy rating for the stock, resulting in a consensus recommendation of "Buy." 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. 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. " (3/5/2019)
  • 2. Cantor Fitzgerald analysts commented, "We rate CTRE 12-month price target of $20. We believe that the market underappreciates the skilled nursing opportunity and that CTRE is well positioned to capitalize on the consolidation of the skilled nursing market. In our view, the skilled nursing industry is well-positioned to provide post-acute care like short-stay rehab and capitalize on the increasingly value-based reimbursement market. 12-month price target of $20 is based on a blended approach of discounted cash flow analysis and comparable-company analysis." (11/5/2018)

Has Caretrust REIT been receiving favorable news coverage?

News coverage about CTRE stock has been trending somewhat positive on Saturday, according to InfoTrie. InfoTrie identifies negative and positive media coverage by reviewing more than six thousand news and blog sources in real-time. The firm ranks coverage of public companies on a scale of negative five to five, with scores closest to five being the most favorable. Caretrust REIT earned a news impact score of 0.6 on InfoTrie's scale. They also assigned news stories about the real estate investment trust a news buzz of 0.0 out of 10, indicating that recent media coverage is extremely unlikely to have an impact on the company's share price in the next few days.

Who are some of Caretrust REIT's key competitors?

What other stocks do shareholders of Caretrust REIT own?

Who are Caretrust REIT's key executives?

Caretrust REIT's management team includes the folowing people:
  • Mr. Gregory K. Stapley J.D., Chairman, Pres & CEO (Age 59)
  • Mr. William M. Wagner, CFO, Treasurer & Sec. (Age 53)
  • Mr. David M. Sedgwick, Chief Operating Officer (Age 43)
  • Mr. Mark D. Lamb, Chief Investment Officer
  • Mr. Eric Gillis, Director of Asset Management

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. (19.12%), FMR LLC (8.92%), Millennium Management LLC (2.39%), American Century Companies Inc. (2.08%), Northern Trust Corp (2.17%) and Bank of New York Mellon Corp (1.83%). View Institutional Ownership Trends for Caretrust REIT.

Which institutional investors are selling Caretrust REIT stock?

CTRE stock was sold by a variety of institutional investors in the last quarter, including FMR LLC, Bank of New York Mellon Corp, Millennium Management LLC, Bank of America Corp DE, Hsbc Holdings PLC, Keeley Teton Advisors LLC, Westpac Banking Corp and Amundi Pioneer Asset Management Inc.. View Insider Buying and Selling for Caretrust REIT.

Which institutional investors are buying Caretrust REIT stock?

CTRE stock was bought by a variety of institutional investors in the last quarter, including American Century Companies Inc., Weiss Multi Strategy Advisers LLC, Oregon Public Employees Retirement Fund, Northern Trust Corp, D. E. Shaw & Co. Inc., Two Sigma Investments LP, UBS Oconnor LLC and UBS Oconnor LLC. 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 $23.43.

How big of a company is Caretrust REIT?

Caretrust REIT has a market capitalization of $2.08 billion and generates $156.94 million in revenue each year. The real estate investment trust earns $57.92 million in net income (profit) each year or $1.28 on an earnings per share basis.

What is Caretrust REIT's official website?

The official website for Caretrust REIT is http://www.caretrustreit.com.

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 (NASDAQ CTRE)

Community Ranking:  2.6 out of 5 (star star)
Outperform Votes:  290 (Vote Outperform)
Underperform Votes:  278 (Vote Underperform)
Total Votes:  568
MarketBeat's community ratings are surveys of what our community members think about Caretrust REIT and other stocks. Vote "Outperform" if you believe CTRE will outperform the S&P 500 over the long term. Vote "Underperform" if you believe CTRE will underperform the S&P 500 over the long term. You may vote once every thirty days.
This page was last updated on 3/23/2019 by MarketBeat.com Staff

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