CareTrust REITCTRE
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 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
3 analyst ratings
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 |
Financial journalist opinion
Based on 7 articles about CTRE published over the past 30 days