CareTrust REIT (CTRE) Stock Price, News & Analysis

Company Overview

CareTrust REIT, Inc.'s (CareTrust REIT or the Company) primary business consists of acquiring, financing, developing and owning real property to be leased to third-party tenants in the healthcare sector. As of March 31, 2024, the Company owned directly or through a joint venture and leased to independent operators, 228 skilled nursing facilities (SNFs), multi-service campuses, assisted living facilities (ALFs) and independent living facilities (ILFs) consisting of 24,189 operational beds and units located in 29 states with the highest concentration of properties by rental income located in California and Texas. As of March 31, 2024, the Company also had other real estate related investments consisting of one preferred equity investment, nine real estate secured loans receivable and four mezzanine loans receivable with a carrying value of $233.3 million.

Key Stats

• Today's Range: $27.09 to $27.41
• 50-Day Range: $27.21 to $32.80
• 52-Week Range: $20.10 to $33.15
• Volume: 535,826 shs
• Average Volume: 1.63 million shs
• Market Capitalization: $4.70 billion
• P/E Ratio: 38.04
• Dividend Yield: 4.24%
• Price Target: $30.67
• Consensus Rating: Moderate Buy

CareTrust REIT Stock Analysis - MarketRank™

CareTrust REIT scored higher than 65% of companies evaluated by MarketBeat, and ranked 481st out of 936 stocks in the finance sector. Scores are calculated by averaging available category scores, with extra weight given to analysis and valuation.

Analyst's Opinion

• Score: 2.3 / 5
• Analyst Rating: Moderate Buy

Consensus Rating

CareTrust REIT has received a consensus rating of Moderate Buy. The company's average rating score is 2.50, and is based on 3 buy ratings, 3 hold ratings, and no sell ratings.

Amount of Analyst Coverage

CareTrust REIT has only been the subject of 3 research reports in the past 90 days.

Earnings and Valuation

• Score: 2.5 / 5
• Proj. Earnings Growth: 16.67%

Earnings Growth

Earnings for CareTrust REIT are expected to grow by 16.67% in the coming year, from $1.50 to $1.75 per share.

Price to Earnings Ratio vs. the Market

The P/E ratio of CareTrust REIT is 38.04, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 112.10.

Price to Earnings Ratio vs. Sector

The P/E ratio of CareTrust REIT is 38.04, which means that it is trading at a more expensive P/E ratio than the Finance sector average P/E ratio of about 24.92.

Price to Earnings Growth Ratio

CareTrust REIT has a PEG Ratio of 1.59. PEG Ratios above 1 indicate that a company could be overvalued.

Price to Book Value per Share Ratio

CareTrust REIT has a P/B Ratio of 2.30. P/B Ratios below 3 indicates that a company is reasonably valued with respect to its assets and liabilities.

Short Interest

• Score: N/A
• Short Interest Level: N/A

Short Interest

There is no current short interest data available for CTRE.

Dividend

• Score: 2.5 / 5
• Dividend Strength: Moderate

Dividend Leadership

CareTrust REIT is a leading dividend payer. It pays a dividend yield of 4.24%, putting its dividend yield in the top 25% of dividend-paying stocks.

Dividend Growth

CareTrust REIT does not have a long track record of dividend growth.

Dividend Coverage

The dividend payout ratio of CareTrust REIT is 161.11%. Payout ratios above 75% are not desirable because they may not be sustainable.

Dividend Sustainability

Based on earnings estimates, CareTrust REIT will have a dividend payout ratio of 66.29% next year. This indicates that CareTrust REIT will be able to sustain or increase its dividend.

Sustainability and ESG

• Score: N/A
• Environmental Score: N/A

Short Interest

There is no current short interest data available for CTRE.

News and Social Media

• Score: 2.7 / 5
• News Sentiment: 0.94

News Sentiment

CareTrust REIT has a news sentiment score of 0.94. This score is calculated as an average of sentiment of articles about the company over the last seven days and ranges from 2 (good news) to -2 (bad news). This is a higher news sentiment than the 0.70 average news sentiment score of Finance companies.

News Coverage This Week

MarketBeat has tracked 6 news articles for CareTrust REIT this week, compared to 4 articles on an average week.

Search Interest

Only 3 people have searched for CTRE on MarketBeat in the last 30 days. This is a decrease of 0% compared to the previous 30 days.

MarketBeat Follows

Only 3 people have added CareTrust REIT to their MarketBeat watchlist in the last 30 days. This is a decrease of -63% compared to the previous 30 days.

Company Ownership

• Score: 1.7 / 5
• Insider Trading: N/A

Insider Buying vs. Insider Selling

In the past three months, CareTrust REIT insiders have not sold or bought any company stock.

Percentage Held by Insiders

Only 0.54% of the stock of CareTrust REIT is held by insiders.

Percentage Held by Institutions

87.77% of the stock of CareTrust REIT is held by institutions. High institutional ownership can be a signal of strong market trust in this company.

CTRE Stock Analysis - Frequently Asked Questions

How have CTRE shares performed this year?

CareTrust REIT's stock was trading at $22.38 at the beginning of the year. Since then, CTRE shares have increased by 22.4% and is now trading at $27.39.
View the best growth stocks for 2024 here.

How were CareTrust REIT's earnings last quarter?

CareTrust REIT, Inc. (NASDAQ:CTRE) issued its quarterly earnings results on Tuesday, October, 29th. The real estate investment trust reported $0.21 earnings per share for the quarter, missing analysts' consensus estimates of $0.29 by $0.08. The real estate investment trust had revenue of $77.38 million for the quarter, compared to the consensus estimate of $74.12 million. CareTrust REIT had a net margin of 36.88% and a trailing twelve-month return on equity of 5.32%.

Who are CareTrust REIT's major shareholders?

Top institutional investors of CareTrust REIT include Wellington Management Group LLP (7.46%), State Street Corp (4.85%), FMR LLC (3.05%) and Geode Capital Management LLC (2.18%).
View institutional ownership trends.

How do I buy shares of CareTrust REIT?

Shares of CTRE stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Charles Schwab, E*TRADE, Fidelity, and Vanguard Brokerage Services.
Compare Top Brokerages Here.

What other stocks do shareholders of CareTrust REIT own?

Based on aggregate information from My MarketBeat watchlists, some other companies that CareTrust REIT investors own include Symbotic (SYM), JPMorgan Nasdaq Equity Premium Income ETF (JEPQ), Voya Infrastructure, Industrials and Materials Fund (IDE), NVIDIA (NVDA), Meta Platforms (META), Broadcom (AVGO) and Advanced Micro Devices (AMD).

Company Calendar

• Ex-Dividend for 10/15 Dividend: 9/30/2024
• Dividend Payable: 10/15/2024
• Last Earnings: 10/29/2024
• Today: 12/25/2024
• Ex-Dividend for 1/15 Dividend: 12/31/2024
• Fiscal Year End: 12/31/2024
• Dividend Payable: 1/15/2025

Industry, Sector and Symbol

• Stock Exchange: NASDAQ
• Sector: Finance
• Industry: Real estate investment trusts
• Sub-Industry: N/A
• Current Symbol: NASDAQ:CTRE
• Previous Symbol: NASDAQ:CTREV
• CUSIP: N/A
• CIK: 1590717
• Web: www.caretrustreit.com
• Phone: (949) 542-3130
• Fax: N/A
• Employees: 17
• Year Founded: N/A

Price Target and Rating

• Average Stock Price Target: $30.67
• High Stock Price Target: $34.00
• Low Stock Price Target: $26.00
• Potential Upside/Downside: +12.0%
• Consensus Rating: Moderate Buy
• Rating Score (0-4): 2.50
• Research Coverage: 6 Analysts

Profitability

• EPS (Most Recent Fiscal Year): $0.72
• Trailing P/E Ratio: 38.04
• Forward P/E Ratio: 18.26
• P/E Growth: 1.59
• Net Income: $53.74 million
• Net Margins: 36.88%
• Pretax Margin: 36.69%
• Return on Equity: 5.32%
• Return on Assets: 3.95%

Debt

• Debt-to-Equity Ratio: 0.16
• Current Ratio: 7.60
• Quick Ratio: 7.60

Sales & Book Value

• Annual Sales: $219.54 million
• Price / Sales: 21.39
• Cash Flow: $0.90 per share
• Price / Cash Flow: 30.30
• Book Value: $11.91 per share
• Price / Book: 2.30

Miscellaneous

• Outstanding Shares: 171,450,000
• Free Float: 168,450,000
• Market Cap: $4.70 billion
• Optionable: Optionable
• Beta: 1.08