CareTrust REIT (CTRE) Company Overview

The interest rate reduction of 25 basis points in December might be the final one for some time, but it is very likely that federal funds will be lower than the current effective rate of 4.23% and also below the long-term average of 4.61%.

SAN CLEMENTE, Calif.--(BUSINESS WIRE)--CareTrust REIT, Inc. has shared information about the tax treatment for its dividends in 2024.

SAN CLEMENTE, Calif.--(BUSINESS WIRE)--CareTrust REIT, Inc. (NYSE:CTRE) has revealed that it has finalized Phase 2 of its significant Tennessee portfolio deal, which was first announced on October 29, 2024, by acquiring thirteen more skilled nursing facilities last week. As expected, this second phase was completed through a partnership with a major third-party healthcare real estate owner. At the time of closing, CareTrust contributed a combined amount.

SAN CLEMENTE, Calif.--(BUSINESS WIRE)--CareTrust REIT has announced the appointment of a new Chief Accounting Officer, a Senior Vice President of Investments, and several promotions within the company.

CareTrust REIT (CTRE) is now considered an oversold stock, suggesting that the intense selling pressure may be coming to an end. Additionally, there is a strong consensus among Wall Street analysts to raise their earnings estimates, which points to a possible change in the stock's trend soon.

SAN CLEMENTE, Calif.--(BUSINESS WIRE)--CareTrust REIT has declared a quarterly dividend of $0.29 for each share.

I consider CareTrust REIT a good investment because of its solid fundamentals, reliable financial results, and potential for growth from acquisitions and demographic changes. The company's financial performance is strong, showing steady revenue growth, manageable operating costs, and a healthy balance sheet, which supports its higher valuation. Additionally, CareTrust's strong market position, varied portfolio, and wide geographical reach offer stability and growth chances, especially in high-demand areas like California and Texas.

The election will take place on November 5th. We believe the results won't significantly impact REITs, as macroeconomic factors are more important than political ones. Here's our explanation for this view.

SAN CLEMENTE, Calif.--(BUSINESS WIRE)--CareTrust REIT, Inc. (NYSE: CTRE) has announced the pricing for its increased public offering of 13,800,000 shares of common stock, set at $32.00 per share. The offering is anticipated to finalize on November 1, 2024, pending standard closing conditions. Additionally, the Company has given the underwriters a 30-day option to buy up to 2,070,000 more shares.