CareTrust REIT

CareTrust REIT, Inc. operates as real estate investment company, which engages in the ownership, acquisition, and leasing of healthcare-related properties. It offers independent living, memory care, and assisted, and skilled nursing facilities. The company was founded on October 29, 2013 and is headquartered in San Clemente, CA.

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CareTrust REIT reports solid Q4 performance amidst market challenges

CareTrust REIT's Q4 2022 performance showcased stability in rent, strong portfolio tenants, and strategic financial management despite some operational challenges.
The company's focus on actionable acquisitions, local expertise utilization, and addressing market uncertainties positions them for growth and operational improvement.
With a proactive approach to portfolio optimization and readiness for external growth, CareTrust REIT navigates challenges and leverages opportunities in the market.

CareTrust REIT reports resilient performance amidst regulatory challenges and growth opportunities

CareTrust REIT (CTRE) showcased strong performance in investment activity and portfolio management, despite challenges in underperforming assets and regulatory concerns.
The company's strategic strengths in relationship-based lending, asset transitions, and portfolio coverage position it well for future growth and resilience.
While facing challenges such as staffing requirements and financial adjustments, CareTrust REIT can leverage opportunities in operator relationships and acquisitions for sustainable success.
Overall, CareTrust REIT's Q1 2023 earnings call highlights a balanced approach to navigating industry dynamics, focusing on operational efficiency, and driving long-term value.

CareTrust REIT reports strong Q2 performance with growth opportunities

CareTrust REIT's Q2 2023 showcased positive momentum in investments and operational performance.
While facing challenges in normalized FFO and FAD, the REIT maintains strong liquidity and growth opportunities.
With a focus on disciplined underwriting and portfolio diversification, CareTrust REIT is poised for future growth.
Clear communication on lease structures and strategic adjustments can further enhance operational efficiency and profitability.

CareTrust REIT reports solid Q3 performance amidst operational challenges

CareTrust REIT's Q3 performance showed solid financial metrics and strategic investments, positioning the company for future growth.
While facing challenges like lease coverage trends and staffing mandates, CareTrust's strong liquidity and balance sheet strengths provide a foundation for success.
Opportunities lie in high-yield investments, lease resets, and a positive investment outlook, indicating a promising future for CareTrust REIT.

CareTrust REIT reports strong Q4 earnings, eyes growth opportunities

CareTrust REIT demonstrated robust financial performance and liquidity, with a positive outlook for earnings in 2024.
The company faces challenges related to financing issues and provisioning driven by industry recovery caution.
Opportunities lie in new investments, portfolio optimization, and strategic growth initiatives amidst a recovering market.
Overall, CareTrust REIT's focus on stability, growth, and risk management positions it well for future success in the industry.

CareTrust REIT excels in Q1 2024, poised for strategic growth

CareTrust REIT delivers strong financial performance, strategic investments, and robust liquidity, positioning for continued growth and value creation.
Despite potential challenges in market dynamics and risk management, the company's proactive approach to governance and investment decisions mitigates risks and enhances resilience.
With a clear focus on growth opportunities, demographic trends, and prudent financial management, CareTrust REIT remains well-positioned for sustained success in the real estate investment market.

CareTrust REIT reports strong Q2 earnings and strategic growth focus

CareTrust REIT's Q2 2024 Earnings Call highlighted robust financial performance, strategic investments, and a focus on quality care and long-term growth.
The company's emphasis on operator-first approach, strong liquidity, and increased guidance reflect a positive outlook for future growth and stability.
While facing competitive investment challenges, CareTrust REIT's prudent strategies and market positioning offer opportunities for sustained success.

CareTrust REIT reports robust Q3 performance and eyes growth opportunities

CareTrust REIT delivered a strong performance in Q3 2024, with notable market cap growth, successful acquisitions, and improved financial metrics.
The company's focus on operational excellence, solid liquidity position, and raised guidance for 2024 reflect a positive outlook for future growth.
While facing challenges such as market uncertainties and regulatory changes, CareTrust REIT remains well-positioned to leverage opportunities for expansion and value creation.

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CareTrust REIT, Inc. engages in the ownership, acquisition, and leasing of healthcare-related properties. It offers independent living, memory care, and assisted, and skilled nursing facilities. The company was founded on October 29, 2013 and is headquartered in San Clemente, CA.

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Healthcare REIT stocks are expected to benefit from an aging population, rising healthcare expenditure and technological advancements as they head into 2025.

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The recent market selloff, driven by the Fed's revised rate-cut forecast, has made high-quality REITs attractively priced for long-term dividend growth investors. Despite poor stock price performance, REITs have strong fundamentals, with favorable earnings yield spreads and dividend yields compared to the broader market. REITs are undervalued due to being treated as bond proxies, but their strong commercial real estate fundamentals and historical outperformance post-Fed rate cuts suggest a buying opportunity.

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SAN CLEMENTE, Calif.--(BUSINESS WIRE)--CareTrust REIT Doubles Size of Unsecured Revolver to $1.2 Billion; Announces Agency Upgrade of Bond to Investment Grade; Updates Investment Pipeline.

CareTrust REIT Doubles Size of Unsecured Revolver to $1.2 Billion; Announces Agency Upgrade of Bond to Investment Grade; Updates Investment Pipeline

CareTrust REIT remains a buy due to strong fundamentals, impressive acquisitions, and a recent price pullback, offering long-term growth potential. The REIT's acquisition spree, totaling nearly $1 billion in 2023, has significantly boosted FFO and revenue, showcasing robust growth despite economic challenges. CareTrust's fortress balance sheet, low leverage, and potential credit rating upgrade position it for further upside and acquisition opportunities.

CareTrust REIT: An Acquisition Titan That's Still A Buy For Long-Term Investors

SAN CLEMENTE, Calif.--(BUSINESS WIRE)--CareTrust REIT Announces Quarterly Dividend of $0.29 per Share.

CareTrust REIT Announces Quarterly Dividend of $0.29 per Share

CareTrust REIT (CTRE) is technically in oversold territory now, so the heavy selling pressure might have exhausted. This along with strong agreement among Wall Street analysts in raising earnings estimates could lead to a trend reversal for the stock.

Down -6.3% in 4 Weeks, Here's Why CareTrust REIT (CTRE) Looks Ripe for a Turnaround

SAN CLEMENTE, Calif.--(BUSINESS WIRE)--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 i.

CareTrust REIT Acquires Midwest Skilled Nursing Portfolio for Approximately $97 Million; Announces Phase 1 Closing of Tennessee Acquisition

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The U.S. stock market is highly valued, driven by Big Tech and AI investments, with speculative fervor reminiscent of the late 1990s. Some REITs, like W.P. Carey, face challenges due to poor capital allocation and strategic missteps, leading to underperformance compared to tech stocks. Many other REITs, however, have been beaten down due to short-term supply headwinds and their treatment as bond proxies.

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Total proceeds raised by US equity real estate investment trusts through at-the-market offering programs rocketed to an all-time high in the third quarter. US REITs raised an aggregate of $7.21 billion in proceeds through their at-the-market programs during the quarter. By property sector, healthcare REITs raised the most capital through their ATM programs during the quarter, at $2.65 billion.

At-The-Market Issuance By U.S. REITs Hits All-Time Quarterly High In Q3 2024

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Publicly listed US equity real estate investment trusts closed Nov. 29 at a median 6.5% discount to their consensus net asset value per share estimates. The hotel sector continued to trade at the largest median discount to net asset value at 21.6%. Datacenter REITs (only two in the analysis) traded at the largest median premium to NAV, at 27.6%.

NAV Monitor: U.S. Equity REITs End November At 6.5% Median Discount

I rate CareTrust REIT a buy due to its strong fundamentals, consistent financial performance, and promising growth prospects driven by acquisitions and demographic trends. CTRE's financials are impressive, with consistent revenue growth, stable operating expenses, and a strong balance sheet, justifying its premium valuation. The company's robust market position, diversified portfolio, and extensive geographical presence provide stability and growth opportunities, particularly in high-demand states like California and Texas.

CareTrust REIT: Strong Fundamentals And Growth Potential - Buy

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The Federal Reserve's recent 50 bps rate cut and projected future cuts in 2024 signal a potential favorable shift for the REITs sectors. The latest JOLTS Report fell short of expectations. September job openings slid to 7.443M from 7.861M in August, and layoffs and discharges rose, a potential opportunity for more rate cuts. REITs benefit from a lower-rate environment due to reduced borrowing costs and more attractive dividend yields relative to bonds that can drive investor demand and share prices.

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CareTrust REIT, Inc. (NYSE:CTRE ) Q3 2024 Earnings Conference Call October 30, 2024 1:00 PM ET Company Participants Lauren Beale - Senior Vice President and Controller Dave Sedgwick - President and Chief Executive Officer Bill Wagner - Chief Financial Officer James Callister - Chief Investment Officer Conference Call Participants Jonathan Hughes - Raymond James John Pinkowski - Wells Fargo Austin Wurschmidt - KeyBanc Capital Markets Michael Carroll - RBC Capital Markets Robin Haneland - BMO Capital Markets Wes Golladay - Baird Rich Anderson - Wedbush Operator Thank you for standing by. My name is Prima [Ph] and I will be your conference operator today.

CareTrust REIT, Inc. (CTRE) Q3 2024 Earnings Call Transcript

SAN CLEMENTE, Calif.--(BUSINESS WIRE)--CareTrust REIT, Inc. (NYSE: CTRE) (“CareTrust REIT” or the “Company”) announced the pricing of its upsized underwritten public offering of 13,800,000 shares of common stock at a price to the public of $32.00 per share. The offering is expected to close on November 1, 2024, subject to customary closing conditions. In connection with the offering, the Company has granted the underwriters a 30-day option to purchase up to an additional 2,070,000 shares of com.

CareTrust REIT, Inc. Announces Pricing of Upsized Public Offering of Common Stock

SAN CLEMENTE, Calif.--(BUSINESS WIRE)--CareTrust REIT, Inc. (NYSE: CTRE) (“CareTrust REIT” or the “Company”) announced that, subject to market and other conditions, it intends to offer to sell 11,500,000 shares of its common stock in an underwritten public offering. The Company also intends to grant the underwriters a 30-day option to purchase up to an additional 1,725,000 shares of common stock. If exercised, all additional shares will be offered at the public offering price per share of commo.

CareTrust REIT, Inc. Announces Launch of Public Offering of Common Stock

The headline numbers for CareTrust REIT (CTRE) give insight into how the company performed in the quarter ended September 2024, but it may be worthwhile to compare some of its key metrics to Wall Street estimates and the year-ago actuals.

CareTrust REIT (CTRE) Reports Q3 Earnings: What Key Metrics Have to Say

CareTrust REIT (CTRE) came out with quarterly funds from operations (FFO) of $0.38 per share, in line with the Zacks Consensus Estimate. This compares to FFO of $0.35 per share a year ago.

CareTrust REIT (CTRE) Q3 FFO Match Estimates

SAN CLEMENTE, Calif.--(BUSINESS WIRE)--CareTrust REIT Announces Third Quarter 2024 Operating Results.

CareTrust REIT Announces Third Quarter 2024 Operating Results

SAN CLEMENTE, Calif.--(BUSINESS WIRE)--CareTrust REIT Announces Updated Investments Pipeline of $700 Million Including Agreement to Acquire $500 Million Portfolio in Southeast by Year End.

CareTrust REIT Announces Updated Investments Pipeline of $700 Million Including Agreement to Acquire $500 Million Portfolio in Southeast by Year End

PACS Group, Inc.

FARMINGTON, Utah--(BUSINESS WIRE)--PACS Group, Inc. (NYSE: PACS) (“PACS” or the “Company”) announced today that independent operating subsidiaries of the Company have agreed to acquire the operations of 12 skilled nursing facilities in Tennessee, and collectively comprise 1,310 skilled nursing beds. The facilities will be leased from an affiliate of CareTrust REIT (NYSE: CTRE), pursuant to the terms of a long-term, triple net lease. The lease includes options for us to purchase the real estate.

PACS Group Announces Pending Acquisition of Operations at 12 Skilled Nursing Facilities in Tennessee

CareTrust REIT (CTRE) has been upgraded to a Zacks Rank #2 (Buy), reflecting growing optimism about the company's earnings prospects. This might drive the stock higher in the near term.

All You Need to Know About CareTrust REIT (CTRE) Rating Upgrade to Buy

SAN CLEMENTE, Calif.--(BUSINESS WIRE)--CareTrust REIT Sets Third Quarter Earnings Call for Wednesday, October 30, 2024.

CareTrust REIT Sets Third Quarter Earnings Call for Wednesday, October 30, 2024

SAN CLEMENTE, Calif.--(BUSINESS WIRE)--CareTrust Publishes Fourth Annual Corporate Sustainability Report.

CareTrust Publishes Fourth Annual Corporate Sustainability Report

News for CareTrust REIT Stock (CTRE)