CareTrust REIT, Inc. is a self-administered, publicly-traded real estate investment trust engaged in the ownership, acquisition, development and leasing of skilled nursing, seniors housing and other healthcare-related properties. With a nationwide portfolio of long-term net-leased properties, and a growing portfolio of quality operators leasing them, CareTrust REIT is pursuing both external and organic growth opportunities across the United States.
IPO Year: 2022
Exchange: NASDAQ
Website: caretrustreit.com
Date | Price Target | Rating | Analyst |
---|---|---|---|
3/13/2025 | $31.00 | Hold → Buy | Deutsche Bank |
1/2/2025 | $34.00 → $26.00 | Neutral → Underperform | Wedbush |
12/9/2024 | $34.00 → $32.00 | Outperform → Market Perform | BMO Capital Markets |
10/1/2024 | $28.00 → $34.00 | Equal Weight → Overweight | Wells Fargo |
5/29/2024 | $26.00 | Neutral | Wedbush |
1/30/2024 | $23.00 | Hold | Deutsche Bank |
9/20/2023 | $23.00 | Buy | Jefferies |
9/12/2023 | $19.00 → $23.00 | Sector Perform → Outperform | RBC Capital Mkts |
8/16/2023 | $23.50 → $24.00 | Market Perform → Outperform | BMO Capital Markets |
7/27/2023 | $23.00 | Buy | Berenberg |
8-K - CareTrust REIT, Inc. (0001590717) (Filer)
8-K - CareTrust REIT, Inc. (0001590717) (Filer)
8-K - CareTrust REIT, Inc. (0001590717) (Filer)
SCHEDULE 13G - CareTrust REIT, Inc. (0001590717) (Subject)
8-K - CareTrust REIT, Inc. (0001590717) (Filer)
10-Q - CareTrust REIT, Inc. (0001590717) (Filer)
8-K - CareTrust REIT, Inc. (0001590717) (Filer)
8-K - CareTrust REIT, Inc. (0001590717) (Filer)
DEFA14A - CareTrust REIT, Inc. (0001590717) (Filer)
8-K - CareTrust REIT, Inc. (0001590717) (Filer)
CareTrust REIT, Inc. (NYSE:CTRE) announced today that its Board of Directors has declared a quarterly common stock cash dividend of $0.335 per common share. The current dividend will be payable to common stockholders of record as of the close of business on June 30, 2025. The Company intends to pay the dividend on or about July 15, 2025. About CareTrust REITTM CareTrust REIT, Inc. is a self-administered, publicly-traded real estate investment trust engaged in the ownership, acquisition, development and leasing of skilled nursing, seniors housing and other healthcare-related properties. With a nationwide portfolio of long-term net-leased properties, and a growing portfolio of quality ope
CareTrust REIT, Inc. (NYSE:CTRE) ("CareTrust" or the "Company") announced today that, together with a joint venture partner, it has acquired a portfolio of skilled nursing facilities located in the Pacific Northwest for a total purchase price of approximately $146 million, inclusive of transaction costs. The portfolio consists of 10 facilities comprising 911 licensed beds located across Idaho, Oregon and Washington. The acquisition was completed through a joint venture arrangement entered into between CareTrust and a large third-party healthcare real estate owner. At closing, CareTrust provided common equity and preferred equity investments totaling approximately $141 million at an initia
Conference Call Scheduled for Friday, May 2, 2025 at 1:00 pm ET CareTrust REIT, Inc. (NYSE:CTRE) today reported operating results for the quarter ended March 31, 2025, as well as other recent events. For the quarter, CareTrust REIT reported: Planned acquisition of Care REIT plc; Investments of $47.5 million at an estimated stabilized yield of 10.0%; 0.6 million shares sold under its ATM Program for gross proceeds of $16.0 million; 99.2% of contractual rent and interest collected; Net income of $65.8 million and net income per share of $0.35; Net Debt to Annualized Normalized Run Rate EBITDA of 0.5x; Normalized FFO of $77.8 million and normalized FFO per share of $0.42; Nor
CareTrust REIT, Inc. (NYSE:CTRE) announced today that it plans to release its first quarter 2025 financial results after the U.S. markets close on Thursday, May 1, 2025. Representatives of CareTrust REIT's management team will host a conference call to discuss the results and other current matters the following day. Conference Call CareTrust REIT invites current and prospective investors to listen to the call on Friday, May 2, 2025 at 1:00 p.m. Eastern Time (10:00 a.m. Pacific Time). The toll-free dial-in number is 1 (800) 715-9871 or toll dial-in number is 1 (646) 307-1963 and the conference ID number is 2243604. To listen to the call online as a webcast, or to view any financial or oth
CareTrust REIT, Inc. (NYSE:CTRE) announced today that its Board of Directors has increased its quarterly common stock cash dividend from $0.29 to $0.335 per common share. The current dividend will be payable to common stockholders of record as of the close of business on March 31, 2025. The Company intends to pay the dividend on or about April 15, 2025. Dave Sedgwick, CareTrust's Chief Executive Officer, commented that "An extraordinary year of growth last year results in an extraordinary increase in our dividend this year. Even with the 15.5% increase to our dividend, we expect to maintain a conservative payout ratio while also retaining our least expensive form of capital for future inve
Conference Call Scheduled for Tuesday, March 11, 2025 at 8:00 a.m. EDT CareTrust REIT, Inc. (NYSE:CTRE) ("CareTrust") announced today that it has reached an agreement with the board of directors of Care REIT plc (LON: CRT) ("Care REIT") on the terms of a recommended cash offer to be made for the acquisition of Care REIT1 by CR United Bidco Ltd ("Bidco"), a wholly-owned subsidiary of CareTrust (the "Acquisition"). CareTrust has agreed to pay 108 pence in cash per ordinary share of Care REIT. Based on the Sterling to Dollar exchange rate on March 10, 2025, the terms of the acquisition represent a Care REIT market capitalization of US$577 million and, together with the assumption of net debt
CareTrust REIT, Inc. (NYSE:CTRE) announced today that it plans to release its fourth quarter and full year 2024 financial results after the U.S. markets close on Wednesday, February 12, 2025. Representatives of CareTrust REIT's management team will host a conference call to discuss the results and other current matters the following day. Conference Call CareTrust REIT invites current and prospective investors to listen to the call on Thursday, February 13, 2025 at 1:00 p.m. Eastern Time (10:00 a.m. Pacific Time). The toll-free dial-in number is 1 (800) 715-9871 or toll dial-in number is 1 (646) 307-1963 and the conference ID number is 2243604. To listen to the call online as a webcast
CareTrust REIT, Inc. (NYSE:CTRE) reported today the tax status of its 2024 dividends paid to shareholders. Details on the classifications of the dividends are included in the table below: DISTRIBUTIONS ON CARETRUST COMMON STOCK Box 1a Box 1b Box 2a Box 2b Box 3 Box 5 Record Date Payment Date Distribution Per Share Taxable Distribution Per Share Ordinary Dividend Qualified Dividend (Included in Box 1a) Capital Gain Distr. Unrecap. Section 1250 Gain (Included in Box 2a) Non-Dividend Distributions Section 199A Dividend 12/29/23 01/12/24 $ 0.2800
CareTrust REIT, Inc. (NYSE:CTRE) announced today that its Board of Directors has declared a quarterly common stock cash dividend of $0.29 per common share. The current dividend will be payable to common stockholders of record as of the close of business on December 31, 2024. The Company intends to pay the dividend on or about January 15, 2025. About CareTrust REITTM CareTrust REIT, Inc. is a self-administered, publicly-traded real estate investment trust engaged in the ownership, acquisition, development and leasing of skilled nursing, seniors housing and other healthcare-related properties. With a nationwide portfolio of long-term net-leased properties, and a growing portfolio of quali
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 into a triple-net master lease with a large skilled nursing investor and operator who will sublease the portfolio to several licensed subtenant operators. The new master lease has an initial term of 15 years with two, 5-year extension opt