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:
- Sector: Finance
- Industry: Healthcare REITs
- Sub-Industry: N/A
- Symbol: NASDAQ:CTRE
- CUSIP: N/A
- Web: www.caretrustreit.com
Capitalization:- Market Cap: $1.33 billion
- Outstanding Shares: 72,550,000
Average Prices:- 52 Week Range: $12.70 - $19.86
P/E:- Trailing P/E Ratio: 32.93
- Foreward P/E Ratio: 26.97
- P/E Growth: 0.96
Sales & Book Value:- Annual Revenue: $111.66 million
- Price / Sales: 11.92
- Book Value: $7.75 per share
- Price / Book: 2.37
Dividend:
Profitability:- EBIDTA: $91.06 million
- Net Margins: 30.57%
- Return on Equity: 7.87%
- Return on Assets: 3.86%
Debt:- Debt-to-Equity Ratio: 0.68%
- Current Ratio: 0.66%
- Quick Ratio: 0.66%
Misc:- Beta: 0.9
- Short Ratio: 3.49
Frequently Asked Questions for CareTrust REIT (NASDAQ:CTRE)
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 Friday, June 16th. Shareholders of record on Friday, June 30th will be given a dividend of $0.185 per share on Friday, July 14th. This represents a $0.74 dividend on an annualized basis and a yield of 4.03%. The ex-dividend date of this dividend is Wednesday, June 28th. View CareTrust REIT's Dividend History.
How were CareTrust REIT's earnings last quarter?
CareTrust REIT, Inc. (NASDAQ:CTRE) released its earnings results on Tuesday, February, 7th. The company reported $0.14 earnings per share (EPS) for the quarter, hitting the Zacks' consensus estimate of $0.14. The business had revenue of $28.20 million for the quarter, compared to the consensus estimate of $27.36 million. CareTrust REIT had a net margin of 30.57% and a return on equity of 7.87%. The company's quarterly revenue was up 24.8% compared to the same quarter last year. During the same period last year, the firm earned $0.25 earnings per share. 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 FY17 earnings guidance on Tuesday, May, 2nd. The company provided EPS guidance of $1.17-1.19 for the period, compared to the Thomson Reuters consensus EPS estimate of $1.19.
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 stock. Their forecasts range from $16.00 to $20.00. On average, they expect CareTrust REIT's share price to reach $17.67 in the next twelve months. View Analyst Ratings for CareTrust REIT.
What are 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. " (7/17/2017)
- 2. 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)
Are investors shorting CareTrust REIT?
CareTrust REIT saw a decrease in short interest in July. As of July 14th, there was short interest totalling 2,177,538 shares, a decrease of 23.8% from the June 30th total of 2,858,013 shares. Based on an average daily volume of 333,919 shares, the days-to-cover ratio is currently 6.5 days. Approximately 3.0% of the shares of the company are short sold.
Who are some of CareTrust REIT's key competitors?
Some companies that are related to CareTrust REIT include TCF Financial Corporation (TCF), RLJ Lodging Trust (RLJ), Tanger Factory Outlet Centers (SKT), Houlihan Lokey (HLI), QTS Realty Trust (QTS), Blackhawk Network Holdings (HAWK), First Midwest Bancorp (FMBI), Hilltop Holdings (HTH), Urban Edge Properties (UE), Acadia Realty Trust (AKR), RLI Corp. (RLI), Community Bank System (CBU), Washington Real Estate Investment Trust (WRE), Stag Industrial (STAG), Lexington Realty Trust (LXP), South State Corporation (SSB), Financial Engines (FNGN) and American Equity Investment Life Holding Company (AEL).
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
- William M. Wagner, Chief Financial Officer, Treasurer, Secretary
- David M. Sedgwick, Vice President - Operations
- Allen C. Barbieri, Independent Director
- Jon D. Kline, Independent Director
- David G. Lindahl, Independent Director
- Spencer G. Plumb, Independent Director
Who owns CareTrust REIT stock?
CareTrust REIT's stock is owned by many different of retail and institutional investors. Top institutional investors include Russell Investments Group Ltd. (1.14%), Boston Advisors LLC (0.55%), Bank of Montreal Can (0.00%), Strs Ohio (0.16%), Creative Planning (0.00%) and State of Alaska Department of Revenue (0.00%). View Institutional Ownership Trends for CareTrust REIT.
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 Boston Advisors LLC, Municipal Employees Retirement System of Michigan, Strs Ohio and Capstone Asset Management Co.. View Insider Buying and Selling for CareTrust REIT.
Who bought CareTrust REIT stock? Who is buying CareTrust REIT stock?
CareTrust REIT's stock was bought by a variety of institutional investors in the last quarter, including Russell Investments Group Ltd., Bank of Montreal Can, State of Alaska Department of Revenue, Creative Planning, Forsta AP Fonden, Fox Run Management L.L.C., Campbell & CO Investment Adviser LLC and Louisiana State Employees Retirement System. View Insider Buying and Selling for CareTrust REIT.
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.
What is CareTrust REIT's stock price today?
One share of CareTrust REIT stock can currently be purchased for approximately $18.34.
MarketBeat Community Rating for CareTrust REIT (NASDAQ 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.
Consensus Ratings for CareTrust REIT (NASDAQ:CTRE) (How are Consensus Ratings Calculated?) MarketBeat calculates consensus ratings 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). Consensus ratings scores are calculated using the mean average of the number of normalized sell, hold, buy and strong buy ratings. Each stock's consensus 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.
| Ratings Breakdown: | 5 Hold Ratings, 3 Buy Ratings |
| Consensus Rating: | Hold (Score: 2.38) |
| Consensus Price Target: | $17.67 (3.67% downside) |
Analysts' Ratings History for CareTrust REIT (NASDAQ:CTRE)
Show:
| Date | Firm | Action | Rating | Price Target | Impact on Share Price | Details |
|---|
| 6/20/2017 | BMO Capital Markets | Downgrade | Outperform -> Market Perform | $18.00 -> $20.00 | Low |  |
| 5/17/2017 | Raymond James Financial, Inc. | Reiterated Rating | Outperform | $17.00 -> $19.00 | Low | |
| 5/3/2017 | Canaccord Genuity | Reiterated Rating | Buy | $19.00 | Low | |
| 1/3/2017 | Royal Bank Of Canada | Downgrade | Outperform -> Sector Perform | $16.00 | N/A | |
| 11/22/2016 | JMP Securities | Reiterated Rating | Hold | | N/A | |
| 11/3/2016 | Barclays PLC | Reiterated Rating | Hold | $16.00 | N/A | |
| 9/14/2016 | Stephens | Initiated Coverage | Overweight | $16.00 | N/A | |
| 7/26/2016 | Wells Fargo & Company | Initiated Coverage | Market Perform | | N/A | |
| 9/10/2015 | KeyCorp | Initiated Coverage | Overweight | $13.00 | N/A | |
(Data available from 7/26/2015 forward)
Earnings History for CareTrust REIT (NASDAQ:CTRE)Earnings History by Quarter for CareTrust REIT (NASDAQ CTRE)| Date | Quarter | Consensus Estimate | Actual EPS | Revenue Estimate | Actual Revenue | Release Link | Conference Call | Details |
|---|
| 8/7/2017 | | $0.15 | | | | | N/A | |
| 2/7/2017 | Q4 2016 | $0.14 | $0.14 | $27.36 million | $28.20 million | View | Listen | |
| 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 | |
(Data available from 1/1/2011 forward)
Earnings Estimates for CareTrust REIT (NASDAQ:CTRE)2017 EPS Consensus Estimate: $1.20
| Quarter | Number of Estimates | Low Estimate | High Estimate | Average Estimate |
|---|
| Q1 2017 | 1 | $0.28 | $0.28 | $0.28 |
| Q2 2017 | 1 | $0.29 | $0.29 | $0.29 |
| Q3 2017 | 1 | $0.31 | $0.31 | $0.31 |
| Q4 2017 | 1 | $0.32 | $0.32 | $0.32 |
(Data provided by Zacks Investment Research)
Dividend History by Quarter for CareTrust REIT (NASDAQ CTRE)| Announced | Period | Amount | Yield | Ex-Dividend Date | Record Date | Payable Date |
|---|
| 6/16/2017 | quarterly | $0.19 | 3.83% | 6/28/2017 | 6/30/2017 | 7/14/2017 |
| 3/16/2017 | quarterly | $0.19 | 4.33% | 3/29/2017 | 3/31/2017 | 4/14/2017 |
| 12/20/2016 | quarterly | $0.17 | 4.41% | 12/28/2016 | 12/31/2016 | 1/13/2017 |
| 9/20/2016 | quarterly | $0.17 | 4.69% | 9/28/2016 | 9/30/2016 | 10/14/2016 |
| 6/20/2016 | quarterly | $0.17 | 5.01% | 6/28/2016 | 6/30/2016 | 7/15/2016 |
| 3/17/2016 | quarterly | $0.17 | 5.66% | 3/29/2016 | 3/31/2016 | 4/15/2016 |
| 12/17/2015 | quarterly | $0.16 | 5.63% | 12/29/2015 | 12/31/2015 | 1/15/2016 |
| 9/17/2015 | quarterly | $0.16 | 5.4% | 9/28/2015 | 9/30/2015 | 10/15/2015 |
| 6/19/2015 | quarterly | $0.16 | 4.69% | 6/26/2015 | 6/30/2015 | 7/31/2015 |
| 3/20/2015 | quarterly | $0.16 | 4.7% | 3/27/2015 | 3/31/2015 | 4/15/2015 |
| 12/18/2014 | quarterly | $0.13 | 4.06% | 12/29/2014 | 12/31/2014 | 1/15/2015 |
| 10/17/2014 | special | $5.88 | | | 10/31/2014 | 12/10/2014 |
(Data available from 1/1/2013 forward)
Insider Trading and Institutional Ownership History for CareTrust REIT (NASDAQ:CTRE)Insider Ownership Percentage: 1.60%
Institutional Ownership Percentage: 86.91%
Insider Trades by Quarter for CareTrust REIT (NASDAQ:CTRE)| Transaction Date | Insider Name | Title | Buy/Sell | Number of Shares | Average Share Price | Total Transaction | Details |
|---|
| 11/16/2015 | Gary B Sabin | Director | Buy | 20,000 | $10.25 | $205,000.00 | |
| 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 | |
(Data available from 1/1/2013 forward)
Headline Trends for CareTrust REIT (NASDAQ:CTRE)
Latest Headlines for CareTrust REIT (NASDAQ:CTRE)
| Source: |
|
| Date | Headline |
|---|
 | ETFs with exposure to CareTrust REIT, Inc. : July 24, 2017
finance.yahoo.com - July 24 at 5:19 PM |
 | Zacks Investment Research Upgrades CareTrust REIT, Inc. (NASDAQ:CTRE) to "Buy"
www.americanbankingnews.com - July 17 at 9:40 PM |
| Brokerages Anticipate CareTrust REIT, Inc. (NASDAQ:CTRE) Will Announce Quarterly Sales of $31.59 Million
www.americanbankingnews.com - July 15 at 10:19 AM |
| CareTrust REIT, Inc. (CTRE) Receives Consensus Rating of "Buy" from Brokerages
www.americanbankingnews.com - July 14 at 6:44 PM |
| ETFs with exposure to CareTrust REIT, Inc. : July 14, 2017
finance.yahoo.com - July 14 at 3:27 PM |
| Analysts Anticipate CareTrust REIT, Inc. (NASDAQ:CTRE) to Announce $0.29 Earnings Per Share
www.americanbankingnews.com - July 13 at 8:29 AM |
| CareTrust REIT, Inc. (NASDAQ:CTRE) Downgraded by BidaskClub to Buy
www.americanbankingnews.com - July 8 at 7:46 PM |
| CareTrust REIT, Inc. breached its 50 day moving average in a Bearish Manner : CTRE-US : July 7, 2017
finance.yahoo.com - July 8 at 8:46 AM |
| Comparing LTC Properties (LTC) & CareTrust REIT (CTRE)
www.americanbankingnews.com - July 5 at 12:42 PM |
| CareTrust REIT, Inc. (CTRE) Short Interest Update
www.americanbankingnews.com - June 30 at 7:19 AM |
 | This Diamond In The Rough Has Become A True Gem
seekingalpha.com - June 27 at 9:50 PM |
| 3 Stocks With Veeva Systems-Like Return Potential
finance.yahoo.com - June 23 at 5:10 PM |
| $31.59 Million in Sales Expected for CareTrust REIT, Inc. (CTRE) This Quarter
www.americanbankingnews.com - June 21 at 12:40 PM |
| Contrasting Geo Group Inc (The) (GEO) & CareTrust REIT (CTRE)
www.americanbankingnews.com - June 21 at 7:56 AM |
| CareTrust REIT, Inc. (CTRE) Given Average Rating of "Buy" by Analysts
www.americanbankingnews.com - June 19 at 7:01 PM |
| Analysts Expect CareTrust REIT, Inc. (CTRE) to Post $0.29 EPS
www.americanbankingnews.com - June 19 at 9:40 AM |
| CareTrust REIT, Inc. (CTRE) to Issue Quarterly Dividend of $0.19
www.americanbankingnews.com - June 16 at 5:49 PM |
| CareTrust REIT Announces Quarterly Dividend of $0.185 per Share
finance.yahoo.com - June 16 at 5:21 PM |
| CareTrust REIT, Inc. (CTRE) Upgraded at BidaskClub
www.americanbankingnews.com - June 15 at 6:58 PM |
| CareTrust REIT Expands into New Mexico with the Acquisition of Two Skilled Nursing Facilities
finance.yahoo.com - June 5 at 12:01 PM |
| Caretrust REIT Inc (CTRE) Receives Consensus Rating of "Buy" from Analysts
www.americanbankingnews.com - May 23 at 4:16 PM |
| Stocks With Rising Composite Ratings: CareTrust REIT
finance.yahoo.com - May 18 at 4:28 PM |
| Caretrust REIT Inc (CTRE) Given Outperform Rating at Raymond James Financial, Inc.
www.americanbankingnews.com - May 17 at 9:44 PM |
| Caretrust REIT Inc (CTRE) Upgraded by Zacks Investment Research to "Buy"
www.americanbankingnews.com - May 16 at 9:32 PM |
| Caretrust REIT Inc (CTRE) PT Set at $18.00 by BMO Capital Markets
www.americanbankingnews.com - May 15 at 2:34 PM |
 | BRIEF-Caretrust REIT prices $300 mln of senior notes due 2025
www.reuters.com - May 12 at 10:07 PM |
| CareTrust REIT, Inc. Prices $300.0 Million of Senior Notes due 2025
finance.yahoo.com - May 10 at 4:45 PM |
| Caretrust REIT Inc (CTRE) Stock Rating Upgraded by TheStreet
www.americanbankingnews.com - May 9 at 3:50 PM |
| Q3 2017 EPS Estimates for Caretrust REIT Inc Raised by KeyCorp (CTRE)
www.americanbankingnews.com - May 9 at 7:32 AM |
| CareTrust REIT, Inc. Announces Launch of Offering of $300.0 Million of Senior Notes due 2025
finance.yahoo.com - May 8 at 9:39 AM |
| Edited Transcript of CTRE earnings conference call or presentation 3-May-17 5:00pm GMT
finance.yahoo.com - May 6 at 7:58 AM |
| Caretrust REIT Inc (CTRE) Lifted to "Hold" at Zacks Investment Research
www.americanbankingnews.com - May 4 at 11:18 PM |
| Caretrust REIT's (CTRE) Buy Rating Reiterated at Canaccord Genuity
www.americanbankingnews.com - May 4 at 12:06 AM |
| Caretrust REIT Inc (CTRE) Receives Buy Rating from Canaccord Genuity
www.americanbankingnews.com - May 4 at 12:00 AM |
| $30.26 Million in Sales Expected for Caretrust REIT Inc (CTRE) This Quarter
www.americanbankingnews.com - May 3 at 4:54 PM |
| CareTrust REIT reports 1Q results
finance.yahoo.com - May 3 at 9:19 AM |
| Investor Network: CareTrust REIT Inc. to Host Earnings Call
finance.yahoo.com - May 3 at 9:19 AM |
| Caretrust REIT (CTRE) Receives Daily News Sentiment Score of -0.01
www.americanbankingnews.com - May 2 at 11:02 PM |
| Caretrust REIT Inc (CTRE) Releases FY17 Earnings Guidance
www.americanbankingnews.com - May 2 at 7:24 PM |
| CareTrust REIT Announces First Quarter 2017 Operating Results
finance.yahoo.com - May 2 at 7:07 PM |
| Analysts Anticipate Caretrust REIT Inc (CTRE) to Post $0.28 EPS
www.americanbankingnews.com - May 1 at 1:34 PM |
| Caretrust REIT Inc (CTRE) Set to Announce Earnings on Tuesday
www.americanbankingnews.com - April 30 at 7:28 AM |
| Somewhat Positive Press Coverage Likely to Affect Caretrust REIT (CTRE) Share Price
www.americanbankingnews.com - April 29 at 9:35 PM |
| Caretrust REIT Inc (CTRE) Receives Consensus Recommendation of "Hold" from Analysts
www.americanbankingnews.com - April 28 at 6:41 PM |
| Caretrust REIT Inc (CTRE) Sees Large Increase in Short Interest
www.americanbankingnews.com - April 28 at 7:25 AM |
| CareTrust REIT Schedules First Quarter 2017 Earnings Call for Wednesday, May 3, 2017
finance.yahoo.com - April 27 at 5:05 PM |
| Caretrust REIT (CTRE) Receiving Favorable News Coverage, Study Shows
www.americanbankingnews.com - April 27 at 12:48 AM |
| CTR Partnership, L.P. -- Moody's revises CareTrust's rating outlook to positive
finance.yahoo.com - April 24 at 4:26 PM |
| Caretrust REIT (CTRE) Earns News Sentiment Rating of -0.05
www.americanbankingnews.com - April 23 at 3:59 PM |
| Caretrust REIT (CTRE) Given News Sentiment Score of 0.38
www.americanbankingnews.com - April 20 at 8:59 PM |
CareTrust REIT (CTRE) Chart for Wednesday, July, 26, 2017
