CareTrust REITCTRE
Market Cap: $4.34B
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
Fund manager confidence
Based on 2024 Q2 SEC filings by fund managers ($100M+ AUM)
605% more call options, than puts
Call options by funds: $1.15M | Put options by funds: $163K
152% more first-time investments, than exits
New positions opened: 53 | Existing positions closed: 21
60% more repeat investments, than reductions
Existing positions increased: 139 | Existing positions reduced: 87
11% more funds holding
Funds holding: 281 [Q1] → 313 (+32) [Q2]
10% more capital invested
Capital invested by funds: $3.27B [Q1] → $3.61B (+$339M) [Q2]
1.73% more ownership
Funds ownership: 99.46% [Q1] → 101.19% (+1.73%) [Q2]
Research analyst outlook
2 Wall Street Analysts provided 1 year price targets over the past 3 months
2 analyst ratings
RBC Capital Michael Carroll 85% 1-year accuracy 17 / 20 met price target | 1%upside $31 | Outperform Maintained | 22 Aug 2024 |
Deutsche Bank Omotayo Okusanya 82% 1-year accuracy 14 / 17 met price target | 12%downside $27 | Hold Maintained | 1 Jul 2024 |
Financial journalist opinion
Based on 8 articles about CTRE published over the past 30 days