CareTrust REIT
CTRE
Market cap $5.5B

29.34 USD

-0.09

0.31%

At close Dec 6, 4:00 PM EST

1 day

-0.31%

5 days

-0.88%

1 month

-0.51%

3 months

-1.48%

6 months

12.24%

Year to date

31.28%

1 year

31.16%

5 years

37.10%

10 years

60.07%

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

Financials Real Estate Investment Trusts

0

Funds holding %

of 6,794 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]

See Fund Rankings

Research analyst outlook

3 Wall Street Analysts provided 1 year price targets over the past 3 months

Low target

$34

16%

upside

Avg. target

$34

16%

upside

High target

$34

16%

upside

3 analyst ratings

3 positive

100%

0 neutral

0%

0 negative

0%

Keybanc Austin Wurschmidt 60% 1-year accuracy 3 / 5 met price target	16%upside $34	Overweight Maintained	7 Oct 2024
BMO Capital Juan Sanabria 75% 1-year accuracy 3 / 4 met price target	16%upside $34	Outperform Maintained	7 Oct 2024
Wells Fargo James Feldman 55% 1-year accuracy 6 / 11 met price target	16%upside $34	Overweight Upgraded	1 Oct 2024

See Analyst Rankings

Financial journalist opinion

Based on 7 articles about CTRE published over the past 30 days

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.

9 Stocks I'm Buying As The Market Reaches A Rare Level Of Speculative Fervor

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.

At-The-Market Issuance By U.S. REITs Hits All-Time Quarterly High In Q3 2024

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%.

NAV Monitor: U.S. Equity REITs End November At 6.5% Median Discount

CareTrust REIT: Strong Fundamentals And Growth Potential - Buy

I rate CareTrust REIT a buy due to its strong fundamentals, consistent financial performance, and promising growth prospects driven by acquisitions and demographic trends. CTRE's financials are impressive, with consistent revenue growth, stable operating expenses, and a strong balance sheet, justifying its premium valuation. The company's robust market position, diversified portfolio, and extensive geographical presence provide stability and growth opportunities, particularly in high-demand states like California and Texas.

CareTrust REIT: Strong Fundamentals And Growth Potential - Buy

3 REITs With High Dividend Growth Prospects In 2025

Not all REITs are created equal. Some are growing far faster than others. We highlight 3 REITs with rapid growth prospects in 2025.

3 REITs With High Dividend Growth Prospects In 2025

2 REIT Winners And 2 REIT Losers From Trump's Reelection

Trump's reelection has mixed impacts on REITs. Some benefit. Others suffer. We review 2 REITs to buy and 2 REITs to sell.

2 REIT Winners And 2 REIT Losers From Trump's Reelection

My Portfolio's Biggest Winners And Losers From A Republican Sweep

The election's swift resolution led to a sharp market reaction; S&P 500 rose ~4.5%, but REITs were weighed down by rising Treasury rates. Trump's victory is seen as inflationary, benefiting REIT fundamentals by suppressing new construction starts due to higher interest rates. My portfolio saw significant movements post-election, with regional banks and energy stocks gaining, while renewables and healthcare REITs faced short-term declines.

My Portfolio's Biggest Winners And Losers From A Republican Sweep

Forget The Election, REITs Win No Matter What

The election is on the 5th of November. We don't think the outcome will matter for REITs. Macroeconomics trumps politics. We explain why.

Forget The Election, REITs Win No Matter What

Pivotal Decisions

Ahead of a pivotal week of consequential decisions, U.S. equity markets posted a second-straight week of declines as investors parsed a relatively disappointing slate of employment and inflation data. The pivotal Nonfarm Payrolls report showed that the U.S. economy added just 12k jobs in October - the weakest month since 2020 - with notably weaker trends under the surface. Private employment declined by 28k during the month, fueled by the largest plunge in manufacturing employment since the pandemic shutdown, alongside job declines in retail, transportation, and hospitality.

Pivotal Decisions

Top 5 REITs: Trick Or TREIT!

The Federal Reserve's recent 50 bps rate cut and projected future cuts in 2024 signal a potential favorable shift for the REITs sectors. The latest JOLTS Report fell short of expectations. September job openings slid to 7.443M from 7.861M in August, and layoffs and discharges rose, a potential opportunity for more rate cuts. REITs benefit from a lower-rate environment due to reduced borrowing costs and more attractive dividend yields relative to bonds that can drive investor demand and share prices.

Top 5 REITs: Trick Or TREIT!

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