Profile
Sector:
Real EstateIndustry:
Healthcare FacilitiesCountry:
United StatesIPO:
29 May 2014Website:
http://www.caretrustreit.comNext earnings report:
07 February 2025Last dividends:
30 September 2024Next dividends:
N/APrice
pre-market | 39 min agoAnalysts recommendations
Institutional Ownership
Included in screeners
CTRE Latest News
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SAN CLEMENTE, Calif.--(BUSINESS WIRE)--CareTrust REIT, Inc. (NYSE: CTRE) (“CareTrust REIT” or the “Company”) announced the pricing of its upsized underwritten public offering of 13,800,000 shares of common stock at a price to the public of $32.00 per share. The offering is expected to close on November 1, 2024, subject to customary closing conditions. In connection with the offering, the Company has granted the underwriters a 30-day option to purchase up to an additional 2,070,000 shares of com.
The headline numbers for CareTrust REIT (CTRE) give insight into how the company performed in the quarter ended September 2024, but it may be worthwhile to compare some of its key metrics to Wall Street estimates and the year-ago actuals.
SAN CLEMENTE, Calif.--(BUSINESS WIRE)--CareTrust REIT Announces Third Quarter 2024 Operating Results.
CareTrust REIT (CTRE) has been upgraded to a Zacks Rank #2 (Buy), reflecting growing optimism about the company's earnings prospects. This might drive the stock higher in the near term.
SAN CLEMENTE, Calif.--(BUSINESS WIRE)--CareTrust REIT Sets Third Quarter Earnings Call for Wednesday, October 30, 2024.
SAN CLEMENTE, Calif.--(BUSINESS WIRE)--CareTrust Publishes Fourth Annual Corporate Sustainability Report.
CTRE acquires four skilled nursing facilities in Mid-Atlantic to grow its healthcare portfolio.
SAN CLEMENTE, Calif.--(BUSINESS WIRE)--CareTrust REIT, Inc. (NYSE:CTRE) announced today that it has acquired a 4-facility, 396-bed/unit skilled nursing portfolio located in the Mid-Atlantic for a total investment amount of approximately $74.7 million (inclusive of transaction costs). One of the four facilities acquired is a skilled nursing and assisted living campus, which includes 47 assisted living units. In connection with the acquisition, the company entered into a triple-net master lease w.
CareTrust REIT is a top choice for healthcare exposure as well as REIT exposure, with strong growth potential and an impressive 1H performance. CTRE's robust balance sheet and strategic acquisitions have driven significant share price appreciation, outperforming peers and the broader market. Despite economic risks, CareTrust REIT's strong fundamentals and healthcare sector stability justify a continued buy rating, with an upside price target of $35.49.
What type of business is CareTrust REIT?
CareTrust REIT, Inc.'s (CareTrust REIT or the Company) primary business consists of acquiring, financing, developing and owning real property to be leased to third-party tenants in the healthcare sector. As of March 31, 2024, the Company owned directly or through a joint venture and leased to independent operators, 228 skilled nursing facilities (SNFs), multi-service campuses, assisted living facilities (ALFs) and independent living facilities (ILFs) consisting of 24,189 operational beds and units located in 29 states with the highest concentration of properties by rental income located in California and Texas. As of March 31, 2024, the Company also had other real estate related investments consisting of one preferred equity investment, nine real estate secured loans receivable and four mezzanine loans receivable with a carrying value of $233.3 million.
What sector is CareTrust REIT in?
CareTrust REIT is in the Real Estate sector
What industry is CareTrust REIT in?
CareTrust REIT is in the Healthcare Facilities industry
What country is CareTrust REIT from?
CareTrust REIT is headquartered in United States
When did CareTrust REIT go public?
CareTrust REIT initial public offering (IPO) was on 29 May 2014
What is CareTrust REIT website?
https://www.caretrustreit.com
Is CareTrust REIT in the S&P 500?
No, CareTrust REIT is not included in the S&P 500 index
Is CareTrust REIT in the NASDAQ 100?
No, CareTrust REIT is not included in the NASDAQ 100 index
Is CareTrust REIT in the Dow Jones?
No, CareTrust REIT is not included in the Dow Jones index
When was CareTrust REIT the previous earnings report?
No data
When does CareTrust REIT earnings report?
The next expected earnings date for CareTrust REIT is 07 February 2025