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Caretrust Reit Inc   (CTRE)
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Price: $23.9700 $0.49 2.087%
Day's High: $24 Week Perf: 1.52 %
Day's Low: $ 23.53 30 Day Perf: 5.59 %
Volume (M): 2,087 52 Wk High: $ 24.00
Volume (M$): $ 50,016 52 Wk Avg: $20.92
Open: $23.53 52 Wk Low: $17.86



 Market Capitalization (Millions $) 2,576
 Shares Outstanding (Millions) 107
 Employees 834
 Revenues (TTM) (Millions $) 218
 Net Income (TTM) (Millions $) 54
 Cash Flow (TTM) (Millions $) 281
 Capital Exp. (TTM) (Millions $) 238

Caretrust Reit Inc
Caretrust REIT Inc is a publicly traded real estate investment trust (REIT) that focuses on investing in senior housing and healthcare properties across the United States. The company was founded in 2014 and is headquartered in San Clemente, California.

The company's primary investment strategy is to acquire, develop and manage senior care and health care properties. Caretrust REIT Inc owns a diversified portfolio of over 200 properties, including assisted living facilities, senior housing communities, skilled nursing facilities, independent living facilities, and medical office buildings. These properties are spread across 27 states in the United States, and the company has a market capitalization of approximately $3 billion as of 2021.

Caretrust REIT Inc's business model is based on acquiring high-quality healthcare properties and leasing them to experienced operators, who are responsible for managing the facilities. This allows the company to generate steady and predictable rental income, while reducing its exposure to operational risks. The company also invests in its properties through capital investments and renovations to maintain the quality of its portfolio and attract high-quality tenants.

The company is focused on building long-term relationships with its tenants, and it aims to work with operators that have a strong reputation in the senior housing and healthcare industry. By partnering with experienced operators, Caretrust REIT Inc minimizes the risks associated with property management, while maximizing the potential for long-term growth and profitability.

Caretrust REIT Inc has consistently delivered strong financial results, with steady revenue growth and consistent dividends to its shareholders. The company has a dividend yield of around 4%, which is higher than the industry average, making it an attractive investment opportunity for income-seeking investors.

Overall, Caretrust REIT Inc is a well-managed healthcare real estate company that offers investors exposure to a growing market niche. With a diversified portfolio of high-quality properties, experienced tenants, and a reliable income stream, the company is well-positioned to deliver long-term growth and value to its shareholders.


   Company Address: 905 Calle Amanecer San Clemente 92673 CA
   Company Phone Number: 542-3130   Stock Exchange / Ticker: NYSE CTRE
   


   

Stock Performances by Major Competitors

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Product Service News

CareTrust REIT Expands Skilled Nursing Portfolio, Seizes Investment Opportunities in Texas and Missouri

Published Wed, Mar 6 2024 11:01 AM UTC

CareTrust REIT Expands Skilled Nursing Portfolio with Acquisition of Texas and Missouri PropertiesIn a move that further solidifies its position as a leading real estate investment trust (REIT) in the healthcare industry, CareTrust REIT announced the acquisition of three skilled nursing facilities in Texas and Missouri. The $55.6 million deal includes transaction costs and w...

Caretrust Reit Inc

Financial Transformation: CareTrust REIT Inc's EPS Surges by an Astonishing 695.15% in Fiscal 2023

In a transformative development, CareTrust REIT, Inc. has made a significant investment of over $52 million. As a trusted name in Real Estate Investment Trusts (REIT), CareTrust's participation in the origination of mezzanine loans supported by three portfolios is a strategic stride in the healthcare real-estate industry.
The portfolios consist of 26 properties spread across Virginia, Missouri, and California. These properties include 3,050 skilled nursing beds and 186 assisted living units. The investment signifies CareTrust's commitment to the development and expansion of the healthcare realty sector.

Product Service News

CareTrust REIT's Strategic $52 Million Mezzanine Financing Fuels Growth in Healthcare Realty Sector.

Published Mon, Feb 5 2024 11:01 AM UTC

In a transformative development, CareTrust REIT, Inc., a trusted name in Real Estate Investment Trusts (REIT), has announced an investment of over $52 million. As leading players in the healthcare real-estate industry, this advancement marks their participation in the origination of significant mezzanine loans supported by three portfolios, comprising of 26 properties. These...

Contract

Strategic Acquisition: CareTrust REIT Purchases Southern California Facility Bolstering An Impressive Year-on-Year Growth

Published Tue, Jan 9 2024 11:01 AM UTC

SAN CLEMENTE, Calif.- CareTrust REIT, Inc. (NYSE: CTRE), a prominent player in the real estate investment trust sector, has fervently announced its strategic acquisition of The Villas at San Bernardino, a prominent 78-unit assisted living and memory care facility nestled in San Bernardino, California. A significant development, it marks the continuous expansion of CareTrust'...

Caretrust Reit Inc

CareTrust REIT Experiences Phenomenal Growth, Earnings Soar by 700% in Q3 Fiscal 2023

CareTrust REIT Announces Impressive Financial Results and Dividend Declaration
CareTrust REIT, a leading real estate investment trust, has captured the attention of investors with its remarkable fiscal performance in the third quarter ending September 30, 2023. The company reported a staggering increase in earnings per share, soaring by 700% to $0.08 per share. Furthermore, its revenue experienced a remarkable boost of 11.103%, amounting to $55.88 million, when compared to the same period in the prior year.
These figures demonstrate CareTrust REIT's exceptional growth compared to its industry peers, who achieved an overall business elevation of 4.58% during the same period. This signals the company's ability to outperform and maintain a strong position within the Real Estate Investment Trusts industry.






 

Caretrust Reit Inc's Segments
 
 
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Caretrust Reit Inc does not provide revenue guidance.

Earnings Outlook
Caretrust Reit Inc does not provide earnings estimates.

 
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