CareTrust REIT Inc Price, Forecast, Insider, Ratings, Fundamentals & Signals

San clemente, calif.--(business wire)--caretrust reit achieves iss esg “prime” status for 2024.

San clemente, calif.--(business wire)--caretrust reit, inc. (nyse:ctre) announced today that it has purchased three continuing care retirement communities (ccrcs) located in los angeles, orange, and san diego counties. the multi-service senior living campuses include 475 assisted living, skilled nursing, and memory care beds/units. all three facilities will be operated by bayshire senior communities, an existing caretrust tenant based in southern california. caretrust acquired torrey pines seni.

San clemente, calif.--(business wire)--caretrust reit raises quarterly dividend to $0.29 per share.

San clemente, calif.--(business wire)--caretrust reit, inc. (nyse:ctre) announced today the acquisition of three skilled nursing facilities for approximately $55.6 million, inclusive of transaction costs. the portfolio, consisting of 210 skilled nursing beds and 24 assisted living units, will be added to caretrust's existing master lease with affiliates of pacs group, inc., who has been operating the facilities for a third-party landlord. two of the facilities are located in houston, texas and.

San clemente, calif.--(business wire)--caretrust reit announces fourth quarter & full year 2023 operating results.

REITs bounced back from a rough start to the year with a strong +3.26% average total return in March. Mid cap (+5.04%), small cap (+3.90%) and large cap REITs (+2.32%) averaged gains in March, while micro caps (-0.32%) saw yet another month in the red. 78.06% of REIT securities had a positive total return in March.

Inflation remains high, making a June rate cut unlikely, but creating an opportunity to buy discounted stocks in the REIT sector.

U.S. equity markets declined this week while benchmark interest rates jumped to the highest level since November after stronger-than-expected employment data showed robust hiring trends in early 2024. Stagflation has crept back into the economic discussion over the past several weeks amid a resurgence in oil prices alongside economic data showing stubbornly lukewarm inflationary trends. Following two straight weeks of gains which had lifted the benchmark to record-highs, the S&P 500 declined by 0.9% this week. Real estate equities were among the laggards this week.

CareTrust REIT has outperformed its peers in the healthcare REIT sector over the past year, up by nearly 27%. They also outperformed their peers, Omega Healthcare Investors & Sabra Healthcare REIT. The company has a safe dividend payout ratio and has raised its dividend for 9 consecutive years, with the latest, a 4% increase to $0.29. CareTrust REIT has a low-leverage balance sheet, strong acquisition growth, and increased liquidity, positioning it for future growth and acquisitions.

CareTrust REIT is a healthcare real estate investment trust focused on senior facilities. The trust owns a large portfolio of Skilled Nursing facilities and benefits from aging trends in the US. CareTrust REIT has strong EBITDA/FFO growth, a low payout ratio, and a growing dividend, making it an attractive option for passive income investors.

Boosting shareholder wealth, CareTrust (CTRE) announces a 3.6% increase in its quarterly dividends. Its decent cash flows and solid balance sheet position are likely to support the latest hike.

After covering the Winners of REIT Earnings Season last week, Part 2 of our Earnings Recap focuses on the worst-performing property sectors and common threads shared by these laggards. While there were no major "bombshells" this earnings season, there were pockets of relative weakness seen in the interest-rate-sensitive property sectors - net lease and office - along with goods-oriented sectors. Surging interest expense - not property-level fundamentals - was again the culprit behind much of this pain, underscoring the continued challenges facing more highly leveraged private real estate portfolios.

CareTrust (CTRE) acquires two skilled nursing facilities in Texas and one facility in Missouri to grow its healthcare portfolio.

CareTrust REIT, Inc. (CTRE) Q4 2023 Earnings Call Transcript

Although the revenue and EPS for CareTrust REIT (CTRE) give a sense of how its business performed in the quarter ended December 2023, it might be worth considering how some key metrics compare with Wall Street estimates and the year-ago numbers.