Streetbeat News

CTRE

CareTrust REIT, Inc.

https://www.caretrustreit.com

Industry

REIT - Healthcare Facilities

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.

Open

30.50

Mkt cap

5.7B

Volume

913K

High

30.63

P/E Ratio

41.47

52-wk high

33.15

Low

30.17

Div yield

0.04

52-wk low

20.10

CareTrust REIT, Inc. (NYSE:CTRE) has announced an upsized public offering of 13.8 million shares at $32 per share, with the proceeds intended for nursing facility acquisitions. The offering is expected to close on November 1, 2024.

Portfolio Pulse from Benzinga Newsdesk

October 31, 2024 | 8:20 am

CareTrust REIT has announced an offering to sell 11.50 million shares, which could impact its stock price and investor sentiment.

Portfolio Pulse from Benzinga Newsdesk

October 30, 2024 | 9:09 pm

CareTrust REIT has updated its 2024 financial guidance, projecting net income of $0.83-$0.84, normalized FFO of $1.49-$1.50, and normalized FAD of $1.53-$1.54 per diluted share. The guidance is based on current investments, expected acquisitions, and no new debt or equity issuances.

Portfolio Pulse from Benzinga Newsdesk

October 29, 2024 | 8:19 pm

CareTrust REIT reported Q3 earnings per share of $0.38, meeting analyst expectations, and sales of $77.38 million, significantly beating estimates. This represents an 8.57% increase in EPS and a 38.48% increase in sales compared to the same period last year.

Portfolio Pulse from Benzinga Newsdesk

October 29, 2024 | 8:18 pm

CareTrust REIT, Inc. (NYSE:CTRE) plans to acquire a $500M portfolio of skilled nursing facilities in the Southeast, in partnership with a joint venture. The acquisition involves 31 facilities, with operations by existing tenants like The Ensign Group (NASDAQ:ENSG) and PACS Group, Inc. (NYSE:PACS).

Portfolio Pulse from Benzinga Newsdesk

October 29, 2024 | 8:17 pm

PACS Group, Inc. is set to acquire operations of 12 skilled nursing facilities in Tennessee, leasing them from CareTrust REIT. The lease includes purchase options for six facilities.

Portfolio Pulse from Benzinga Newsdesk

October 29, 2024 | 8:06 pm

The Ensign Group, Inc. is expanding its operations by adding eight skilled nursing facilities in Tennessee and one in Alabama. Six of these will be jointly owned with CareTrust REIT, Inc. and three will be purchased by Ensign's subsidiary, Standard Bearer Healthcare REIT, Inc. The transaction is pending regulatory approvals.

Portfolio Pulse from Benzinga Newsdesk

October 29, 2024 | 8:06 pm

CareTrust REIT (NASDAQ:CTRE) is set to release its quarterly earnings on October 29, 2024. Analysts expect an EPS of $0.38. The company has an 'Outperform' rating with a potential 7.5% upside. CareTrust REIT shows strong revenue growth and net margin but lags in return on equity.

Portfolio Pulse from Benzinga Insights

October 28, 2024 | 5:02 pm

CareTrust REIT (NYSE:CTRE) has seen a 24.93% decrease in its short percent of float, now at 2.74%. This indicates a more bullish sentiment compared to its peers, which have an average short interest of 7.28%.

Portfolio Pulse from Benzinga Insights

October 28, 2024 | 4:45 pm

Analysts have shown a somewhat bullish sentiment towards CareTrust REIT (NYSE:CTRE) with recent upgrades in ratings and price targets. The average 12-month price target has increased to $33.25, indicating a positive outlook. CareTrust REIT has demonstrated strong financial performance with a 16.05% revenue growth and a net margin of 19.24%.

Portfolio Pulse from Benzinga Insights

October 07, 2024 | 5:01 pm

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