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About CareTrust REIT (NASDAQ:CTRE)
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 186 net leased healthcare properties and three operated seniors housing properties in 24 states, CareTrust 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. More information about CareTrust REIT is available at www.caretrustreit.com.
Industry, Sector and Symbol
Industry Real estate investment trusts
Sub-IndustryN/A
SectorFinance
SymbolNASDAQ:CTRE
CUSIPN/A
Phone949-542-3130
Debt
Debt-to-Equity Ratio1.00
Current Ratio1.34
Quick Ratio1.34
Price-To-Earnings
Trailing P/E Ratio13.16
Forward P/E Ratio11.83
P/E Growth2.36
Sales & Book Value
Annual Sales$132.98 million
Price / Sales8.74
Cash Flow$0.9165 per share
Price / Cash16.65
Book Value$7.80 per share
Price / Book1.96
Profitability
EPS (Most Recent Fiscal Year)$1.16
Net Income$25.87 million
Net Margins21.50%
Return on Equity5.03%
Return on Assets2.65%
Miscellaneous
Employees50
Outstanding Shares76,140,000
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 declared a quarterly dividend on Monday, March 19th. Shareholders of record on Friday, March 30th will be given a dividend of $0.205 per share on Friday, April 13th. This represents a $0.82 dividend on an annualized basis and a yield of 5.37%. The ex-dividend date of this dividend is Wednesday, March 28th. This is an increase 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 (NASDAQ:CTRE) released its earnings results on Tuesday, May, 8th. The real estate investment trust reported $0.19 earnings per share for the quarter, missing the Zacks' consensus estimate of $0.31 by $0.12. The real estate investment trust earned $38.10 million during the quarter, compared to analysts' expectations of $36.99 million. CareTrust REIT had a net margin of 21.50% and a return on equity of 5.03%. CareTrust REIT's revenue for the quarter was up 24.5% on a year-over-year basis. During the same period last year, the company earned $0.30 EPS. View CareTrust REIT's Earnings History.
When is CareTrust REIT's next earnings date?
What guidance has CareTrust REIT issued on next quarter's earnings?
CareTrust REIT issued an update on its FY18 earnings guidance on Tuesday, May, 8th. The company provided EPS guidance of $1.26-$1.28 for the period, compared to the Thomson Reuters consensus EPS estimate of $1.29.
What price target have analysts set for CTRE?
8 Wall Street analysts have issued twelve-month price targets for CareTrust REIT's stock. Their forecasts range from $15.00 to $21.00. On average, they anticipate CareTrust REIT's share price to reach $17.3750 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, "CTRE’s 1Q18 results exceeded consensus expectations (they were in line with ours) and the company raised full year guidance, demonstrating the strength of the company’s operator mix and its conservative approach to the skilled nursing market. CTRE completed its transition of Pristine facilities in early May." (5/8/2018)
- 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. " (3/30/2018)
Who are some of CareTrust REIT's key competitors?
Some companies that are related to CareTrust REIT include Highwoods Properties (HIW), Hospitality Properites Trust (HPT), Gramercy Property Trust (GPT), Brixmor Property Group (BRX), EPR Properties (EPR), Apple Hospitality REIT (APLE), JBG Smith (JBGS), Life Storage (LSI), Ryman Hospitality Properties (RHP), First Industrial Realty Trust (FR), RLJ Lodging Trust (RLJ), Senior Housing Properties Trust (SNH), HRPT Properties Trust (EQC), Cousins Properties (CUZ) and CoreSite (COR).
Who are CareTrust REIT's key executives?
CareTrust REIT's management team includes the folowing people:
- Mr. Gregory K. Stapley, Chairman, Chief Exec. Officer and Pres (Age 58)
- Mr. William M. Wagner, Chief Financial Officer, Principal Accounting Officer and Treasurer (Age 52)
- Mr. David M. Sedgwick, VP, Operations (Age 42)
- Mr. Mark Lamb, Director of Investments
Has CareTrust REIT been receiving favorable news coverage?
News articles about CTRE stock have been trending somewhat positive on Sunday, according to Accern. Accern scores the sentiment of press coverage by analyzing more than 20 million news and blog sources in real-time. Accern ranks coverage of public 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 0.06 on Accern's scale. They also assigned news headlines about the real estate investment trust an impact score of 44.99 out of 100, indicating that recent press coverage is somewhat unlikely to have an effect on the stock's share price in the next few days.
Who are CareTrust REIT's major shareholders?
CareTrust REIT's stock is owned by a number of of retail and institutional investors. Top institutional shareholders include BlackRock Inc. (17.10%), Millennium Management LLC (2.15%), Northern Trust Corp (1.82%), Keeley Teton Advisors LLC (1.61%), Dimensional Fund Advisors LP (1.43%) and Heartland Advisors Inc. (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 Russell Investments Group Ltd., Franklin Resources Inc., JPMorgan Chase & Co., Groesbeck Investment Management Corp NJ, Fiera Capital Corp, Wells Fargo & Company MN, Guggenheim Capital LLC and Opus Capital Group LLC. View Insider Buying and Selling for CareTrust REIT.
Which major investors are buying CareTrust REIT stock?
CTRE stock was purchased by a variety of institutional investors in the last quarter, including BlackRock Inc., Millennium Management LLC, Keeley Teton Advisors LLC, Carillon Tower Advisers Inc., Amundi Pioneer Asset Management Inc., Heartland Advisors Inc., Northern Trust Corp and Nuveen Asset Management 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 $15.26.
How big of a company is CareTrust REIT?
CareTrust REIT has a market capitalization of $1.16 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 $1.16 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 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.
CareTrust REIT (NASDAQ:CTRE) Price Target and Consensus Rating
(How are Consensus Ratings Calculated?) MarketBeat calculates consensus analyst ratings for stocks using the most recent rating from each Wall Street analyst that has rated a stock within the last twelve months. Each analyst's 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's consensus ratings and consensus price targets may differ from those calculated by other firms due to differences in methodology and available data.
8 Wall Street analysts have issued ratings and price targets for CareTrust REIT in the last 12 months. Their average twelve-month price target is $17.3750, suggesting that the stock has a possible upside of 13.86%. The high price target for CTRE is $21.00 and the low price target for CTRE is $15.00. There are currently 4 hold ratings and 4 buy ratings for the stock, resulting in a consensus rating of "Buy."
| Today | 30 Days Ago | 90 Days Ago | 180 Days Ago |
| Consensus Rating: | Buy | Buy | Buy | Hold |
| Consensus Rating Score: | 2.50 | 2.60 | 2.63 | 2.38 |
| Ratings Breakdown: | 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)
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)
5 Hold Rating(s)
3 Buy Rating(s)
0 Strong Buy Rating(s) |
| Consensus Price Target: | $17.3750 | $17.70 | $19.6250 | $19.1429 |
| Price Target Upside: | 13.86% upside | 31.70% upside | 25.08% upside | 2.12% upside |
CareTrust REIT (NASDAQ:CTRE) Consensus Price Target History
CareTrust REIT (NASDAQ:CTRE) Analyst Ratings History
Show:
(Data available from 5/20/2016 forward)
CareTrust REIT (NASDAQ:CTRE) Dividend Information
CareTrust REIT pays an annual dividend of $0.82 per share, with a dividend yield of 5.37%. CTRE's most recent quarterly dividend payment was Friday, April 13. CareTrust REIT pays out 70.69% of its earnings out as a dividend.
| Most Recent Dividend: | 4/13/2018 |
| Annual Dividend: | $0.82 |
| Dividend Yield: | 5.37% |
| Payout Ratio(s): | 70.69% (Trailing 12 Months of Earnings)
63.57% (Based on This Year's Estimates)
59.85% (Based on Next Year's Estimates)
89.47% (Based on Cash Flow)
|
CareTrust REIT (NASDAQ:CTRE) Dividend History by Quarter
| Announced | Period | Amount | Yield | Ex-Dividend Date | Record Date | Payable Date |
|---|
| 3/19/2018 | quarterly | $0.2050 | 5.77% | 3/28/2018 | 3/30/2018 | 4/13/2018 |
| 12/19/2017 | quarterly | $0.1850 | 4.18% | 12/28/2017 | 12/29/2017 | 1/16/2018 |
| 9/19/2017 | quarterly | $0.1850 | 3.84% | 9/28/2017 | 9/29/2017 | 10/13/2017 |
| 6/16/2017 | quarterly | $0.1850 | 3.83% | 6/28/2017 | 6/30/2017 | 7/14/2017 |
| 3/16/2017 | quarterly | $0.1850 | 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 | $0.1250 | 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)
CareTrust REIT (NASDAQ CTRE) Insider Trading and Institutional Ownership History
Insider Ownership Percentage: 1.60%
Institutional Ownership Percentage: 85.02%
CareTrust REIT (NASDAQ CTRE) Insider Trading History
| 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 | | |
(Data available from 1/1/2013 forward)
CareTrust REIT (NASDAQ CTRE) News Headlines
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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 Sunday, May, 20, 2018
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