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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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

CTRE acquires four skilled nursing facilities in Mid-Atlantic to grow its healthcare portfolio.

CareTrust Buys 4 Nursing Facilities in Mid-Atlantic for $74.7M

SAN CLEMENTE, Calif.--(BUSINESS WIRE)--CareTrust REIT, Inc. (NYSE:CTRE) announced today that it has acquired a 4-facility, 396-bed/unit skilled nursing portfolio located in the Mid-Atlantic for a total investment amount of approximately $74.7 million (inclusive of transaction costs). One of the four facilities acquired is a skilled nursing and assisted living campus, which includes 47 assisted living units. In connection with the acquisition, the company entered into a triple-net master lease w.

CareTrust REIT Acquires Four Skilled Nursing Facilities in Mid-Atlantic for $74.7 Million; Reports Reloaded Pipeline of $240 Million

CareTrust REIT is a top choice for healthcare exposure as well as REIT exposure, with strong growth potential and an impressive 1H performance. CTRE's robust balance sheet and strategic acquisitions have driven significant share price appreciation, outperforming peers and the broader market. Despite economic risks, CareTrust REIT's strong fundamentals and healthcare sector stability justify a continued buy rating, with an upside price target of $35.49.

CareTrust REIT: Looking For Healthcare Exposure? You Should Consider This REIT

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 has shown strong fundamentals with high rent collection, a 9.9% yield on new investments, and a robust balance sheet with low leverage. The company is well-positioned for growth, benefiting from favorable Medicare rate increases and acquisition opportunities in the skilled nursing sector. Despite these strengths, CTRE's current P/FFO of 20.2 suggests a 'Hold' rating, making it less attractive for value investors at its current price.

CareTrust REIT Surges: Riding High On Skilled Nursing Strength

Agree Realty

Agree Realty and CareTrust REIT share prices have rallied since July due to cooling inflation. Additionally, both offer long-term upside due to high-quality business models and strong fundamentals. Agree Realty benefits from investment-grade tenants, a strong balance sheet, and a superior cost of capital, making them less susceptible to economic downturns. CareTrust REIT excels with a low net debt to EBITDA, a strong acquisition pipeline, and a well-covered dividend, positioning them for future growth.

Rates Down, REITs Up: Two Quality REITs To Own For Long-Term Gains

SAN CLEMENTE, Calif.--(BUSINESS WIRE)--CareTrust REIT, Inc. (NYSE:CTRE) announced today the acquisition of two skilled nursing facilities in separate transactions with a total investment amount of approximately $62.1 million. On August 29th, 2024, the company acquired a 125-licensed bed skilled nursing facility in the Mid-Atlantic. Separately, on August 7th, 2024, the company closed an investment in a 134-licensed bed skilled nursing facility located on the West Coast. CareTrust's investment in.

CareTrust REIT Announces $62.1 Million Acquisition of Two Skilled Nursing Facilities in Separate Transactions; Pipeline Replenished

Does CareTrust REIT (CTRE) have what it takes to be a top stock pick for momentum investors? Let's find out.

CareTrust REIT (CTRE) Is Up 4.96% in One Week: What You Should Know

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With the possibility of multiple rate cuts back on the table this year, Real Estate Investment Trusts (REITs) may stand to benefit the most as these equities rely on debt to finance their operations and acquire properties.

3 Highly Ranked REITs to Buy with Rate Cuts Ahead

Are You Looking for a Top Momentum Pick? Why CareTrust REIT (CTRE) is a Great Choice

CareTrust REIT, Inc. (NYSE:CTRE ) Q2 2024 Earnings Conference Call August 2, 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 Austin Wurschmidt - KeyBanc Capital Markets Michael Carroll - RBC Capital Markets Juan Sanabria - BMO Capital Markets John Pinkowski - Wells Fargo Rich Anderson - Wedbush Alec Feygin – Baird Operator Thank you for standing by. My name is Mandeep, and I will be your conference operator today.

CareTrust REIT, Inc. (CTRE) Q2 2024 Earnings Call Transcript

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

News for CareTrust REIT Stock (CTRE)