CTRE - CareTrust REIT Inc Stock Price, Fair Value and News

23.93USD+0.12 (+0.50%)Delayed as of 25 Apr 2024, 10:54 am ET

Market Summary

USD23.93+0.12

Delayedas of 25 Apr 2024, 10:54 am

0.50%

CTRE Stock Price

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CTRE RSI Chart

CTRE Valuation

Market Cap

3.1B

Price/Earnings (Trailing)

57.83

Price/Sales (Trailing)

14.27

EV/EBITDA

25.88

Price/Free Cashflow

20.08

CTRE Price/Sales (Trailing)

CTRE Profitability

EBT Margin

4.61%

Return on Equity

3.79%

Return on Assets

2.58%

Free Cashflow Yield

4.98%

CTRE Fundamentals

CTRE Revenue

Revenue (TTM)

217.8M

Rev. Growth (Yr)

15.29%

Rev. Growth (Qtr)

6.9%

CTRE Earnings

Earnings (TTM)

53.7M

Earnings Growth (Yr)

82.87%

Earnings Growth (Qtr)

202.39%

Breaking Down CTRE Revenue

52 Week Range

18.1823.93

(Low)(High)

Last 7 days

1.2%

Last 30 days

-1.5%

Last 90 days

11.0%

Trailing 12 Months

24.9%

How does CTRE drawdown profile look like?

CTRE Financial Health

CTRE Investor Care

Dividend Yield

4.7%

Dividend/Share (TTM)

1.12

Shares Dilution (1Y)

31.14%

Diluted EPS (TTM)

0.5

Historical Charts for Stock Metrics

Get all data in R, Python etc through our Historical Stock Data APIs

Net sales

Year	Q1	Q2	Q3	Q4
2023	200.3M	204.3M	209.8M	217.8M
2022	193.1M	192.4M	194.1M	196.1M
2021	179.7M	183.8M	186.8M	192.4M
2020	168.1M	166.1M	178.4M	178.3M
2019	158.5M	165.7M	159.5M	163.4M
2018	140.5M	146.6M	153.2M	156.9M
2017	111.7M	118.8M	124.6M	133.0M
2016	81.6M	89.9M	99.1M	104.7M
2015	63.0M	66.3M	68.4M	75.0M
2014	50.3M	52.3M	55.7M	58.9M
2013	43.7M	45.4M	47.1M	48.8M
2012	0	0	0	42.1M

Get all data in R, Python etc through our Historical Stock Data APIs

GRUFITY'S FAIR VALUE MODEL

Stocks Marked 'Very Cheap' by Grufity's Fair Value Model Have Outperformed Russell 2000 Index

Small Caps and Mid Caps are mostly overlooked by investors as all the focus goes to Magnificent 7. These stocks that are not part of the beauty contest require a deeper look. However, all large cap stocks were once small caps. Grufity's Fair Value model opens up this unverse as it separates high-performing, rewarding stocks from low-performing risky stocks. <b>Russell 2000 stocks that were marked 'Very Cheap' by the model doubled in three years while the index was flat.</b>

Returns of $10,000 invested in:

Very Cheap Stocks: $21,859
Russell 2000 Index: $10,334
Very Expensive Stocks: $8,224

Russell 2000 stocks considered 'Very Cheap' by the model greatly outperformed Russell 2000 index and the 'Very Expensive' bucket over past three years.

Russell 2000 Index

Very Expensive Stocks

Very Cheap Stocks

Try For Just $1.99

Tracking the Latest Insider Buys and Sells of CareTrust REIT Inc

Filter Transactions

Datesorted ascending	Name	Buy/Sell	$ Value	Avg. Price	# Shares	Title
Feb 05, 2024	wagner william m	acquired	-	-	46,299	cfo and treasurer
Feb 05, 2024	sedgwick david m.	sold (taxes)	-574,446	20.44	-28,104	president and ceo
Feb 05, 2024	sedgwick david m.	acquired	-	-	47,623	president and ceo
Feb 05, 2024	wagner william m	sold (taxes)	-570,480	20.44	-27,910	cfo and treasurer
Jan 31, 2024	sedgwick david m.	sold (taxes)	-359,305	20.93	-17,167	president and ceo
Jan 31, 2024	callister james	sold (taxes)	-106,178	20.93	-5,073	cio and secretary
Jan 31, 2024	wagner william m	sold (taxes)	-263,299	20.93	-12,580	cfo and treasurer
Jan 29, 2024	sedgwick david m.	sold (taxes)	-82,459	21.53	-3,830	president and ceo
Jan 29, 2024	wagner william m	sold (taxes)	-97,272	21.53	-4,518	cfo and treasurer
Dec 15, 2023	sedgwick david m.	acquired	-	-	57,057	president and ceo

Which funds bought or sold CTRE recently?

View All Details

Datesorted ascending	Fund Name	Type	% Chg	$ Change	$ Held	% Portfolio
Apr 23, 2024	Global Retirement Partners, LLC	reduced	-26.01	-5,952	25,028	-%
Apr 23, 2024	AMALGAMATED BANK	reduced	-6.21	21,000	996,000	0.01%
Apr 23, 2024	Values First Advisors, Inc.	added	8.66	46,740	301,895	0.18%
Apr 23, 2024	MILESTONE ASSET MANAGEMENT, LLC	new	-	265,584	265,584	0.08%
Apr 23, 2024	FIFTH THIRD BANCORP	added	5.61	1,316	10,089	-%
Apr 23, 2024	VALICENTI ADVISORY SERVICES INC	reduced	-17.05	-99,000	927,000	0.26%
Apr 23, 2024	Louisiana State Employees Retirement System	added	8.39	240,454	1,574,300	0.03%
Apr 22, 2024	RAYMOND JAMES & ASSOCIATES	added	4.06	1,977,590	16,835,400	0.01%
Apr 22, 2024	Rosenberg Matthew Hamilton	reduced	-0.39	463	6,230	-%
Apr 22, 2024	MetLife Investment Management, LLC	unchanged	-	98,565	1,173,340	0.01%

Are Funds Buying or Selling CTRE?

Are funds buying CTRE calls or puts?

Calls

Puts

No. of funds holding Calls - Puts

Net Call Options

No. of funds that own CTRE

No. of Funds

Unveiling CareTrust REIT Inc's Major ShareHolders

Date Filed	Name of Filer	Percent of Class	No. of Shares	Form Type
Feb 13, 2024	vanguard group inc	15.02%	17,890,906	SC 13G/A
Feb 08, 2024	wellington management group llp	5.61%	6,684,856	SC 13G/A
Jan 30, 2024	state street corp	5.74%	6,840,047	SC 13G/A
Jan 19, 2024	blackrock inc.	18.9%	22,481,557	SC 13G/A
Feb 09, 2023	vanguard group inc	16.37%	15,883,405	SC 13G/A
Feb 06, 2023	wellington management group llp	5.84%	5,670,713	SC 13G
Feb 03, 2023	state street corp	6.17%	5,988,779	SC 13G/A
Jan 26, 2023	blackrock inc.	18.4%	17,895,638	SC 13G/A
Jan 20, 2023	blackrock inc.	18.4%	17,895,638	SC 13G
Feb 10, 2022	state street corp	5.48%	5,318,437	SC 13G

Recent SEC filings of CareTrust REIT Inc

View All Filings

Date Filed	Form Type	Document
Mar 08, 2024	DEFA14A	DEFA14A
Mar 08, 2024	DEF 14A	DEF 14A
Mar 08, 2024	ARS	ARS
Feb 13, 2024	SC 13G/A	Major Ownership Report
Feb 08, 2024	SC 13G/A	Major Ownership Report
Feb 08, 2024	8-K	Current Report
Feb 08, 2024	10-K	Annual Report
Feb 06, 2024	4	Insider Trading
Feb 06, 2024	4	Insider Trading
Feb 01, 2024	4	Insider Trading

Peers (Alternatives to CareTrust REIT Inc)

Name	Mkt Capsorted ascending	Revenue	Price %, 1M	Returns, 1Y	P/E	P/S	Rev 1-Yr	Inc 1-Yr
LARGE-CAP
AMT	80.8B	11.1B	-11.38%	-14.09%	59.12	7.25	4.04%	-19.43%
CCI	41.4B	7.0B	-7.81%	-21.93%	27.6	5.94	-0.07%	-10.36%
AVB	27.2B	2.8B	5.15%	11.54%	29.27	9.82	6.73%	-18.30%
ARE	19.9B	3.0B	-5.40%	-0.75%	103.23	6.73	10.44%	-74.28%
AMH	12.9B	1.6B	-1.30%	9.45%	29.79	8.01	7.80%	39.39%
REG	11.0B	1.3B	0.86%	-1.00%	30.18	8.32	8.04%	-24.50%
BXP	9.9B	3.3B	0.05%	25.09%	51.93	3.02	5.31%	-77.32%
MID-CAP
FRT	8.6B	1.1B	4.65%	8.11%	36.29	7.6	5.38%	-38.52%
SLG	3.4B	899.4M	-0.78%	134.94%	-5.99	3.76	-0.45%	-623.11%
MAC	3.4B	884.1M	-6.34%	63.53%	-12.31	3.82	2.90%	-314.82%
SMALL-CAP
AAT	1.3B	441.2M	-0.23%	22.43%	20.04	2.94	4.38%	15.77%
AIV	1.2B	198.2M	0.25%	4.56%	-7.39	5.71	-43.33%	-270.70%
MFA	1.1B	605.6M	-7.69%	5.53%	13.61	1.8	25.53%	134.62%
NYMT	647.8M	258.7M	1.57%	-29.28%	-13.31	2.5	0.11%	83.70%
IVR	417.7M	277.9M	-8.88%	-15.98%	-26.34	1.5	44.33%	96.06%

CareTrust REIT Inc News

Latest updates

CareTrust REIT Inc Earnings Report: Key Takeaways & Analysis

Income Statement (Last 12 Months)

(In Millions)

(*) denotes actual numbers (not divided by Millions)
Income Statement (Quarterly)																					(In Millions)
Description	(%) Q/Q	2023Q4	2023Q3	2023Q2	2023Q1	2022Q4	2022Q3	2022Q2	2022Q1	2021Q4	2021Q3	2021Q2	2021Q1	2020Q4	2020Q3	2020Q2	2020Q1	2019Q4	2019Q3	2019Q2	2019Q1	2018Q4
Revenue	6.9%	60.00	56.00	52.00	51.00	52.00	50.00	48.00	46.00	50.00	49.00	48.00	46.00	44.00	46.00	44.00	44.00	44.00	33.00	46.00	40.00	40.00
Costs and Expenses	-16.4%	35.00	42.00	52.00	31.00	33.00	43.00	27.00	90.00	32.00	26.00	27.00	25.00	23.00	24.00	25.00	25.00	25.00	44.00	27.00	24.00	-
Operating Expenses	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	44.00	27.00	24.00	25.00
S&GA Expenses	17.9%	7.00	6.00	5.00	5.00	5.00	5.00	5.00	5.00	11.00	5.00	6.00	5.00	3.00	4.00	5.00	4.00	4.00	4.00	5.00	3.00	3.00
EBITDA Margin	-3.7%	0.47*	0.49*	0.48*	0.46*	0.46*	0.46*	0.46*	0.46*	0.46*	0.47*	0.47*	0.48*	-	-	-	-	-	-	-	-	-
Interest Expenses	-29.7%	8.00	12.00	11.00	10.00	10.00	8.00	6.00	6.00	6.00	6.00	7.00	6.00	6.00	6.00	6.00	7.00	7.00	7.00	7.00	7.00	7.00
EBT Margin	-3.6%	0.05*	0.05*	0.05*	0.05*	0.05*	0.05*	0.05*	0.05*	0.05*	0.05*	0.05*	0.06*	-	-	-	-	-	-	-	-	-
Net Income	202.4%	26.00	9.00	-0.48	19.00	14.00	1.00	21.00	-43.26	18.00	12.00	21.00	20.00	21.00	22.00	19.00	19.00	21.00	-10.05	20.00	16.00	16.00
Net Income Margin	23.8%	0.25*	0.20*	0.17*	0.27*	-0.04*	-0.02*	0.04*	0.04*	0.37*	0.40*	0.46*	0.46*	-	-	-	-	-	-	-	-	-
Free Cashflow	-5.4%	43.00	45.00	32.00	35.00	34.00	42.00	34.00	35.00	38.00	48.00	37.00	34.00	-	-	-	-	-	-	-	-	-

Balance Sheet

(In Millions)

(*) denotes actual numbers (not divided by Millions)
Balance Sheet																					(In Millions)
Description	(%) Q/Q	2023Q4	2023Q3	2023Q2	2023Q1	2022Q4	2022Q3	2022Q2	2022Q1	2021Q4	2021Q3	2021Q2	2021Q1	2020Q4	2020Q3	2020Q2	2020Q1	2019Q4	2019Q3	2019Q2	2019Q1	2018Q4
Assets	17.9%	2,085	1,768	1,737	1,622	1,621	1,646	1,686	1,594	1,641	1,644	1,912	1,634	1,504	1,454	1,450	1,531	1,519	1,525	1,532	1,524	1,292
Cash Equivalents	8349.0%	294	3.00	1.00	28.00	13.00	5.00	30.00	27.00	20.00	18.00	311	30.00	19.00	19.00	6.00	24.00	20.00	6.00	3.00	214	37.00
Liabilities	1.5%	666	657	924	782	771	832	848	749	725	726	983	709	589	538	533	609	591	597	573	713	524
Shareholder's Equity	27.7%	1,417	1,110	813	840	849	814	838	845	916	918	930	925	914	916	917	922	928	927	958	811	768
Additional Paid-In Capital	20.2%	1,883	1,566	1,246	1,245	1,245	1,197	1,195	1,196	1,197	1,191	1,189	1,181	1,164	1,163	1,162	1,162	1,163	1,162	1,161	1,012	966
Shares Outstanding	12.6%	130	115	99.00	99.00	99.00	97.00	96.00	96.00	96.00	96.00	96.00	95.00	-	-	-	-	-	-	-	-	-
Minority Interest	78.7%	2.00	1.00	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Float	-	-	-	2,000	-	-	-	1,800	-	-	-	2,200	-	-	-	1,600	-	-	-	2,200	-	-

Cashflow (Last 12 Months)

(In Thousands)

Cashflow (Quarterly)																					(In Thousands)
Description	(%) Q/Q	2023Q4	2023Q3	2023Q2	2023Q1	2022Q4	2022Q3	2022Q2	2022Q1	2021Q4	2021Q3	2021Q2	2021Q1	2020Q4	2020Q3	2020Q2	2020Q1	2019Q4	2019Q3	2019Q2	2019Q1	2018Q4
Cashflow From Operations	-5.4%	42,671	45,110	31,866	35,120	33,743	42,370	33,723	34,579	38,508	47,806	36,608	33,949	37,350	40,443	31,424	36,518	31,137	33,420	31,664	30,074	26,967
Share Based Compensation	16.8%	1,774	1,519	924	936	1,463	1,380	1,394	1,521	5,635	1,802	1,810	1,585	971	972	963	884	982	981	1,147	994	1,032
Cashflow From Investing	36.2%	-35,510	-55,661	-175,826	-818	14,359	-16,115	-101,572	-24,072	-10,670	-36,920	-11,743	-133,300	-63,644	-3,263	49,625	-24,300	9,944	-28,752	-231,022	-66,177	-43,084
Cashflow From Financing	2101.6%	283,802	12,891	117,035	-19,410	-39,785	-51,661	71,530	-3,816	-25,659	-304,128	255,624	110,901	26,112	-23,877	-99,188	-8,608	-26,503	-1,548	-12,367	213,665	37,164
Dividend Payments	16.4%	32,403	27,843	27,837	27,409	26,660	26,661	26,773	26,044	25,634	25,635	25,553	23,960	23,878	23,877	23,874	21,532	21,464	21,470	19,975	17,710	17,172

CTRE Income Statement

2023-12-31

Consolidated Statements Of Operations - USD ($) shares in Thousands	12 Months Ended
	Dec. 31, 2023	Dec. 31, 2022	Dec. 31, 2021
Revenues:
Rental income	$ 198,599,000	$ 187,506,000	$ 190,195,000
Interest and other income	19,171,000	8,626,000	2,156,000
Total revenues	217,770,000	196,132,000	192,351,000
Expenses:
Depreciation and amortization	51,199,000	50,316,000	55,340,000
Interest expense	40,883,000	30,008,000	23,677,000
Property taxes	6,170,000	4,333,000	3,574,000
Impairment of real estate investments	36,301,000	79,062,000	0
Provision for loan losses, net	0	3,844,000	0
Property operating expenses	3,423,000	5,039,000	0
General and administrative	21,805,000	20,165,000	26,874,000
Total expenses	159,781,000	192,767,000	109,465,000
Other loss:
Loss on extinguishment of debt	0	0	(10,827,000)
Gain (loss) on sale of real estate, net	2,218,000	(3,769,000)	(77,000)
Unrealized loss on other real estate related investments, net	(6,485,000)	(7,102,000)	0
Total other loss	(4,267,000)	(10,871,000)	(10,904,000)
Net income (loss)	53,722,000	(7,506,000)	71,982,000
Net loss attributable to noncontrolling interests	(13,000)	0	0
Net income (loss) attributable to CareTrust REIT, Inc.	$ 53,735,000	$ (7,506,000)	$ 71,982,000
Earnings (loss) per common share attributable to CareTrust REIT, Inc:
Basic (usd per share)	$ 0.50	$ (0.08)	$ 0.74
Diluted (usd per share)	$ 0.50	$ (0.08)	$ 0.74
Weighted-average number of common shares:
Basic (shares)	105,956	96,703	96,017
Diluted (shares)	106,152	96,703	96,092

CTRE Balance Sheet

2023-12-31

Consolidated Balance Sheets - USD ($) $ in Thousands	Dec. 31, 2023	Dec. 31, 2022
Assets:
Real estate investments, net	$ 1,567,119	$ 1,421,410
Other real estate related investments (including accrued interest of $1,727 and $1,320 as of December 31, 2023 and 2022, respectively)	180,368	156,368
Assets held for sale, net	15,011	12,291
Cash and cash equivalents	294,448	13,178
Accounts and other receivables	395	416
Prepaid expenses and other assets, net	23,337	11,690
Deferred financing costs, net	4,160	5,428
Total assets	2,084,838	1,620,781
Liabilities and Equity:
Senior unsecured notes payable, net	396,039	395,150
Senior unsecured term loan, net	199,559	199,348
Unsecured revolving credit facility	0	125,000
Accounts payable, accrued liabilities and deferred rent liabilities	33,992	24,360
Dividends payable	36,531	27,550
Total liabilities	666,121	771,408
Commitments and contingencies (Note 12)
Equity:
Preferred stock, $0.01 par value; 100,000,000 shares authorized, no shares issued and outstanding as of December 31, 2023 and 2022	0	0
Common stock, $0.01 par value; 500,000,000 shares authorized, 129,992,796 and 99,010,112 shares issued and outstanding as of December 31, 2023 and 2022, respectively	1,300	990
Additional paid-in capital	1,883,147	1,245,337
Cumulative distributions in excess of earnings	(467,628)	(396,954)
Total stockholders' equity	1,416,819	849,373
Noncontrolling interests	1,898	0
Total equity	1,418,717	849,373
Total liabilities and equity	$ 2,084,838	$ 1,620,781

About CareTrust REIT Inc

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.

CEO	Mr. David M. Sedgwick
WEBSITE	caretrustreit.com
INDUSTRY	REIT Mortgage
EMPLOYEES	15

CareTrust REIT Inc Frequently Asked Questions

What is the ticker symbol for CareTrust REIT Inc? What does CTRE stand for in stocks?

CTRE is the stock ticker symbol of CareTrust REIT Inc. Every public company that trades on a stock exchange gets a ticker symbol.

What is the market capital of CareTrust REIT Inc (CTRE)?

As of Wed Apr 24 2024, market cap of CareTrust REIT Inc is 3.11 Billion. The market capitalization is calculated by multiplying the stock price with the number of shares outstanding.

What is the fair value of CTRE stock?

You can check CTRE's fair value in chart for subscribers.

What is the fair value of CTRE stock?

You can check CTRE's fair value in chart for subscribers. The fair value of CareTrust REIT Inc is provided for various growth and macro-economic scenarios from very pessimiatic to very optimistic assumptions. These fair values are estimates from Grufity's Fair Value model based on company's past performance. However, past performance of CareTrust REIT Inc is no guarantee of future performance. These fairvalue estimates should only be used as one of the inputs in your stock analysis. We provide model's historical fair value estimates for CTRE so that you know how good or bad the model has been in the past so you can discard it if needed. There are others that provide fair values of stocks such as wallmine, finbox, gurufocus and finviz. Most provide point in time estimates. We provide a history of our models fair value estimates so that you can get a sense of it's usefulness. Otherwise this data point is of little use.

Is CareTrust REIT Inc a good stock to buy?

The fair value guage provides a quick view whether CTRE is over valued or under valued. Whether CareTrust REIT Inc is cheap or expensive depends on the assumptions which impact CareTrust REIT Inc's fair value. We provide several scenarios of inflation and growth to encompass these range of assumptions for CTRE.

What is CareTrust REIT Inc's Price to Earnings (PE) and Price to sales (PS) ratio?

As of Wed Apr 24 2024, CTRE's PE ratio (Price to Earnings) is 57.83 and Price to Sales (PS) ratio is 14.27. The price to earnings and price to sales ratio are two most important valuation metrics for any company. PE ratio tell us the number of years of earnings investors are ready to pay for owning the company. Historically, S&P500 price to earnings ratio has fallen below 12 during periods of gloom and gone past 30 during periods of euphoria. CTRE PE ratio will change depending on the future growth rate expectations of investors.