CareTrust REITCTRE
CTRE
About: CareTrust REIT Inc is a self-administered, publicly-traded REIT engaged in the ownership, acquisition, financing, development and leasing of skilled nursing, seniors housing and other healthcare-related properties. The Company has one reportable segment consisting of investments in healthcare-related real estate assets. It generates revenues by leasing healthcare-related properties to healthcare operators in triple-net lease arrangements. The Company generate revenues by leasing healthcare-related properties to healthcare operators in triple-net lease arrangements, under which the tenant is solely responsible for the costs related to the property (including property taxes, insurance, maintenance and repair costs and capital expenditures).
Employees: 17
0
Funds holding %
of 6,809 funds
0
Analysts bullish %
of 3 analysts
Fund manager confidence
Based on 2024 Q3 regulatory filings by fund managers ($100M+ AUM)
560% more call options, than puts
Call options by funds: $1.24M | Put options by funds: $188K
91% more first-time investments, than exits
New positions opened: 63 | Existing positions closed: 33
70% more repeat investments, than reductions
Existing positions increased: 153 | Existing positions reduced: 90
37% more capital invested
Capital invested by funds: $3.68B [Q2] → $5.04B (+$1.36B) [Q3]
10% more funds holding
Funds holding: 315 [Q2] → 345 (+30) [Q3]
2.72% more ownership
Funds ownership: 103.19% [Q2] → 105.91% (+2.72%) [Q3]
0% more funds holding in top 10
Funds holding in top 10: 3 [Q2] → 3 (+0) [Q3]
Research analyst outlook
3 Wall Street Analysts provided 1 year price targets over the past 3 months
Low target
$32
17%
upside
Avg. target
$33
22%
upside
High target
$34
24%
upside
3 analyst ratings
2 positive
67%
1 neutral
33%
0 negative
0%
BMO Capital Juan Sanabria 56% 1-year accuracy 5 / 9 met price target | 17%upside $32 | Market Perform Downgraded | 9 Dec 2024 |
Keybanc Austin Wurschmidt 75% 1-year accuracy 6 / 8 met price target | 24%upside $34 | Overweight Maintained | 7 Oct 2024 |
Wells Fargo James Feldman 72% 1-year accuracy 13 / 18 met price target | 24%upside $34 | Overweight Upgraded | 1 Oct 2024 |
Financial journalist opinion
Based on 11 articles about CTRE published over the past 30 days
Positive
Seeking Alpha
17 hours ago
10 Stocks I'm Buying As REITs Have Never Looked So Good
The recent market selloff, driven by the Fed's revised rate-cut forecast, has made high-quality REITs attractively priced for long-term dividend growth investors. Despite poor stock price performance, REITs have strong fundamentals, with favorable earnings yield spreads and dividend yields compared to the broader market. REITs are undervalued due to being treated as bond proxies, but their strong commercial real estate fundamentals and historical outperformance post-Fed rate cuts suggest a buying opportunity.
Neutral
Business Wire
2 days ago
CareTrust REIT Doubles Size of Unsecured Revolver to $1.2 Billion; Announces Agency Upgrade of Bond to Investment Grade; Updates Investment Pipeline
SAN CLEMENTE, Calif.--(BUSINESS WIRE)--CareTrust REIT Doubles Size of Unsecured Revolver to $1.2 Billion; Announces Agency Upgrade of Bond to Investment Grade; Updates Investment Pipeline.
Positive
Seeking Alpha
3 days ago
CareTrust REIT: An Acquisition Titan That's Still A Buy For Long-Term Investors
CareTrust REIT remains a buy due to strong fundamentals, impressive acquisitions, and a recent price pullback, offering long-term growth potential. The REIT's acquisition spree, totaling nearly $1 billion in 2023, has significantly boosted FFO and revenue, showcasing robust growth despite economic challenges. CareTrust's fortress balance sheet, low leverage, and potential credit rating upgrade position it for further upside and acquisition opportunities.
Neutral
Business Wire
5 days ago
CareTrust REIT Announces Quarterly Dividend of $0.29 per Share
SAN CLEMENTE, Calif.--(BUSINESS WIRE)--CareTrust REIT Announces Quarterly Dividend of $0.29 per Share.
Neutral
Seeking Alpha
6 days ago
Fed Ahead
Ahead of the Federal Reserve's critical interest rate decision next week, U.S. equity markets snapped a three-week winning streak as benchmark interest rates jumped to the cusp of five-month highs. Lukewarm CPI and PPI inflation reports were "good enough" to solidify another Fed rate cut next week, but "sticky" trends called into question the outlook for continued easing in 2025. After setting a series of fresh record-highs in the prior week, the S&P 500 slipped 0.6% this week, but still remains on pace for its best year since 2019.
Positive
Zacks Investment Research
1 week ago
Down -6.3% in 4 Weeks, Here's Why CareTrust REIT (CTRE) Looks Ripe for a Turnaround
CareTrust REIT (CTRE) is technically in oversold territory now, so the heavy selling pressure might have exhausted. This along with strong agreement among Wall Street analysts in raising earnings estimates could lead to a trend reversal for the stock.
Neutral
Business Wire
1 week ago
CareTrust REIT Acquires Midwest Skilled Nursing Portfolio for Approximately $97 Million; Announces Phase 1 Closing of Tennessee Acquisition
SAN CLEMENTE, Calif.--(BUSINESS WIRE)--CareTrust REIT, Inc. (NYSE:CTRE) announced today that it has acquired a 46-facility, 3,820-bed/unit skilled nursing and seniors housing portfolio located in the Midwest for a total investment amount of approximately $97 million (inclusive of transaction costs). Seven of the 46 facilities acquired are skilled nursing and assisted living campuses and an additional seven are assisted living facilities. In connection with the acquisition, the company entered i.
Positive
Seeking Alpha
2 weeks ago
9 Stocks I'm Buying As The Market Reaches A Rare Level Of Speculative Fervor
The U.S. stock market is highly valued, driven by Big Tech and AI investments, with speculative fervor reminiscent of the late 1990s. Some REITs, like W.P. Carey, face challenges due to poor capital allocation and strategic missteps, leading to underperformance compared to tech stocks. Many other REITs, however, have been beaten down due to short-term supply headwinds and their treatment as bond proxies.
Neutral
Seeking Alpha
2 weeks ago
At-The-Market Issuance By U.S. REITs Hits All-Time Quarterly High In Q3 2024
Total proceeds raised by US equity real estate investment trusts through at-the-market offering programs rocketed to an all-time high in the third quarter. US REITs raised an aggregate of $7.21 billion in proceeds through their at-the-market programs during the quarter. By property sector, healthcare REITs raised the most capital through their ATM programs during the quarter, at $2.65 billion.
Neutral
Seeking Alpha
2 weeks ago
NAV Monitor: U.S. Equity REITs End November At 6.5% Median Discount
Publicly listed US equity real estate investment trusts closed Nov. 29 at a median 6.5% discount to their consensus net asset value per share estimates. The hotel sector continued to trade at the largest median discount to net asset value at 21.6%. Datacenter REITs (only two in the analysis) traded at the largest median premium to NAV, at 27.6%.
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