CareTrust REIT Inc.

$CTRE
Real Estate Investment Trusts
Real Estate

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.

IPO Year: 2022

Exchange: NASDAQ

Website: caretrustreit.com

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Recent Analyst Ratings for CareTrust REIT Inc.

DatePrice TargetRatingAnalyst
3/13/2025$31.00Hold → Buy
Deutsche Bank
1/2/2025$34.00 → $26.00Neutral → Underperform
Wedbush
12/9/2024$34.00 → $32.00Outperform → Market Perform
BMO Capital Markets
10/1/2024$28.00 → $34.00Equal Weight → Overweight
Wells Fargo
5/29/2024$26.00Neutral
Wedbush
1/30/2024$23.00Hold
Deutsche Bank
9/20/2023$23.00Buy
Jefferies
9/12/2023$19.00 → $23.00Sector Perform → Outperform
RBC Capital Mkts
8/16/2023$23.50 → $24.00Market Perform → Outperform
BMO Capital Markets
7/27/2023$23.00Buy
Berenberg
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CareTrust REIT Inc. Press Releases

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  • CareTrust REIT Raises Quarterly Dividend to $0.335 per Share

    CareTrust REIT, Inc. (NYSE:CTRE) announced today that its Board of Directors has increased its quarterly common stock cash dividend from $0.29 to $0.335 per common share. The current dividend will be payable to common stockholders of record as of the close of business on March 31, 2025. The Company intends to pay the dividend on or about April 15, 2025. Dave Sedgwick, CareTrust's Chief Executive Officer, commented that "An extraordinary year of growth last year results in an extraordinary increase in our dividend this year. Even with the 15.5% increase to our dividend, we expect to maintain a conservative payout ratio while also retaining our least expensive form of capital for future inve

    $CTRE
    Real Estate Investment Trusts
    Real Estate
  • CareTrust REIT, Inc. Announces $817 Million Recommended Cash Acquisition of Care REIT plc

    Conference Call Scheduled for Tuesday, March 11, 2025 at 8:00 a.m. EDT CareTrust REIT, Inc. (NYSE:CTRE) ("CareTrust") announced today that it has reached an agreement with the board of directors of Care REIT plc (LON: CRT) ("Care REIT") on the terms of a recommended cash offer to be made for the acquisition of Care REIT1 by CR United Bidco Ltd ("Bidco"), a wholly-owned subsidiary of CareTrust (the "Acquisition"). CareTrust has agreed to pay 108 pence in cash per ordinary share of Care REIT. Based on the Sterling to Dollar exchange rate on March 10, 2025, the terms of the acquisition represent a Care REIT market capitalization of US$577 million and, together with the assumption of net debt

    $CTRE
    Real Estate Investment Trusts
    Real Estate
  • CareTrust REIT Announces Fourth Quarter & Full Year 2024 Operating Results

    Conference Call Scheduled for Thursday, February 13, 2025 at 1:00 pm ET CareTrust REIT, Inc. (NYSE:CTRE) today reported operating results for the quarter and year ended December 31, 2024, as well as other recent events. For the quarter, CareTrust REIT reported: Investments of $696.5 million at an estimated stabilized yield of 9.9%; 15.9 million shares sold in a public offering of its common stock for gross proceeds of $507.8 million; Upsized its existing revolving credit line to $1.2 billion and extended maturity date to February 2029; 98.8% of contractual rent and interest collected; Net income of $52.1 million and net income per share of $0.29; Net Debt to Annualized

    $CTRE
    Real Estate Investment Trusts
    Real Estate
  • CareTrust REIT Sets Fourth Quarter Earnings Call for Thursday, February 13, 2025

    CareTrust REIT, Inc. (NYSE:CTRE) announced today that it plans to release its fourth quarter and full year 2024 financial results after the U.S. markets close on Wednesday, February 12, 2025. Representatives of CareTrust REIT's management team will host a conference call to discuss the results and other current matters the following day. Conference Call CareTrust REIT invites current and prospective investors to listen to the call on Thursday, February 13, 2025 at 1:00 p.m. Eastern Time (10:00 a.m. Pacific Time). The toll-free dial-in number is 1 (800) 715-9871 or toll dial-in number is 1 (646) 307-1963 and the conference ID number is 2243604. To listen to the call online as a webcast

    $CTRE
    Real Estate Investment Trusts
    Real Estate
  • CareTrust REIT, Inc. Announces Tax Treatment of 2024 Dividends

    CareTrust REIT, Inc. (NYSE:CTRE) reported today the tax status of its 2024 dividends paid to shareholders. Details on the classifications of the dividends are included in the table below: DISTRIBUTIONS ON CARETRUST COMMON STOCK Box 1a Box 1b Box 2a Box 2b Box 3 Box 5 Record Date Payment Date Distribution Per Share Taxable Distribution Per Share Ordinary Dividend Qualified Dividend (Included in Box 1a) Capital Gain Distr. Unrecap. Section 1250 Gain (Included in Box 2a) Non-Dividend Distributions Section 199A Dividend 12/29/23 01/12/24 $ 0.2800

    $CTRE
    Real Estate Investment Trusts
    Real Estate
  • CareTrust REIT Announces Phase 2 Closing of Tennessee Acquisition; Brings Annual Investment Total to Approximately $1.5 Billion; Announces Replenished Investment Pipeline of $350 Million

    CareTrust REIT, Inc. (NYSE:CTRE) has announced that it has closed Phase 2 of the large Tennessee portfolio transaction announced on October 29, 2024 with the acquisition last week of an additional thirteen skilled nursing facilities. As anticipated, the second phase of the acquisition was completed through a joint venture arrangement entered into between CareTrust and a large third-party healthcare real estate owner. At closing, CareTrust provided a combined common equity and preferred equity investment totaling approximately $176 million at an initial contractual yield on its combined preferred and common equity investments in the joint venture of approximately 9.0%. All thirteen of the

    $CTRE
    $ENSG
    Real Estate Investment Trusts
    Real Estate
    Hospital/Nursing Management
    Health Care
  • The Ensign Group Closes on Expansion in Tennessee, Adds Its First Operation in Alabama

    SAN JUAN CAPISTRANO, Calif., Jan. 02, 2025 (GLOBE NEWSWIRE) -- The Ensign Group, Inc. (NASDAQ:ENSG), the parent company of the EnsignTM group of companies, which invest in and provide skilled nursing and senior living services, physical, occupational and speech therapies, other rehabilitative and healthcare services, and real estate, announced today that it acquired the operations of the following skilled nursing facilities in Tennessee and Alabama: Meadowbrook Healthcare and Rehabilitation Center, 83-bed skilled nursing facility located in Pulaski, Tennessee;Wellpark Health and Rehabilitation, a 30-bed skilled nursing facility located in Knoxville, Tennessee;Legacy Park Health and Reha

    $CTRE
    $ENSG
    Real Estate Investment Trusts
    Real Estate
    Hospital/Nursing Management
    Health Care
  • CareTrust REIT Announces Chief Accounting Officer; SVP Investments Appointment; Promotions

    The Board of Directors of CareTrust REIT, Inc. (NYSE:CTRE) announced the appointment of Lauren Beale as Chief Accounting Officer (CAO), effective as of January 1, 2025. Ms. Beale becomes the company's first CAO after serving in different leadership roles since the inception of CareTrust. "On behalf of the Board and all of us at CareTrust, I express our gratitude for the tremendous impact Lauren has had on building the company since the beginning," said Chief Executive Officer, Dave Sedgwick. Bill Wagner, Chief Financial Officer, said, "Lauren's appointment to CAO is the natural result of years of tireless effort to help build CareTrust from scratch." The company also welcomes Tri Tran a

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

    CareTrust REIT, Inc. (NYSE:CTRE) announced today that it has renewed and doubled its unsecured revolving credit facility to $1.2 billion. The bank group consisted of Joint Lead Arranger/Administrative Agent KeyBanc Capital Markets, and Joint Lead Arrangers/Syndication Agents: BMO Capital Markets Corp., JPMorgan Chase Bank, N.A., Bank of America, N.A., Wells Fargo Securities, LLC, and Co-Documentation Agents: The Huntington National Bank, Raymond James Bank, M&T Bank, Morgan Stanley Bank, N.A., and Royal Bank of Canada. The company also announced that S&P Global Ratings has upgraded CareTrust's corporate rating to BB+ and upgraded its issue-level rating on CareTrust's unsecured notes to BB

    $CTRE
    Real Estate Investment Trusts
    Real Estate
  • CareTrust REIT Announces Quarterly Dividend of $0.29 per Share

    CareTrust REIT, Inc. (NYSE:CTRE) announced today that its Board of Directors has declared a quarterly common stock cash dividend of $0.29 per common share. The current dividend will be payable to common stockholders of record as of the close of business on December 31, 2024. The Company intends to pay the dividend on or about January 15, 2025. About CareTrust REITTM 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 quali

    $CTRE
    Real Estate Investment Trusts
    Real Estate

CareTrust REIT Inc. Analyst Ratings

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CareTrust REIT Inc. Insider Trading

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CareTrust REIT Inc. SEC Filings

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CareTrust REIT Inc. Leadership Updates

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  • CareTrust REIT Announces Chief Accounting Officer; SVP Investments Appointment; Promotions

    The Board of Directors of CareTrust REIT, Inc. (NYSE:CTRE) announced the appointment of Lauren Beale as Chief Accounting Officer (CAO), effective as of January 1, 2025. Ms. Beale becomes the company's first CAO after serving in different leadership roles since the inception of CareTrust. "On behalf of the Board and all of us at CareTrust, I express our gratitude for the tremendous impact Lauren has had on building the company since the beginning," said Chief Executive Officer, Dave Sedgwick. Bill Wagner, Chief Financial Officer, said, "Lauren's appointment to CAO is the natural result of years of tireless effort to help build CareTrust from scratch." The company also welcomes Tri Tran a

    $CTRE
    Real Estate Investment Trusts
    Real Estate
  • CareTrust REIT Announces James Callister to Succeed Mark Lamb as Chief Investment Officer

    The Board of Directors of CareTrust REIT, Inc. (NYSE:CTRE) announced today the appointment of James Callister as Chief Investment Officer, to be effective as of December 31, 2022. Mr. Callister will succeed Mark Lamb, who will be leaving the company after a transition period to pursue entrepreneurial opportunities. Mr. Callister currently serves as CareTrust's Executive Vice President. "On behalf of the Board and all of us at CareTrust, I express our admiration and gratitude for the tremendous impact Mark has had on building the company since the beginning," said Chief Executive Officer, Dave Sedgwick. "Mark has always been a true partner and friend and we wish him continued success in the

    $CTRE
    Real Estate Investment Trusts
    Real Estate
  • CareTrust REIT Announces Changes to the Board of Directors

    The Board of Directors of CareTrust REIT, Inc. (NYSE:CTRE) today announced the resignation of Greg Stapley as Executive Chair of the Company's Board of Directors. The Board also announced that Lead Independent Director Diana Laing was appointed to replace Mr. Stapley as Chair of the Board, and Chief Executive Officer David Sedgwick was appointed as a director. Mr. Stapley's resignation from the Board follows his relinquishment of the Chief Executive role last January. As previously announced, Mr. Stapley and his wife have accepted a full-time international volunteer assignment for The Church of Jesus Christ of Latter-day Saints. "As my missionary service in Mexico draws near, I have carefu

    $CTRE
    Real Estate Investment Trusts
    Real Estate
  • CareTrust REIT Announces Appointment of New Director

    SAN CLEMENTE, Calif., March 16, 2022 (GLOBE NEWSWIRE) -- The Board of Directors of CareTrust REIT, Inc. (NASDAQ:CTRE) today announced that Allen C. Barbieri has retired as a member of its Board of Directors after six years of service, effective March 10, 2022. The Board also announced the appointment of Careina D. Williams to succeed Mr. Barbieri, effective immediately. "We are grateful to Allen for his contributions in shepherding CareTrust from our early days to where we are today," said Greg Stapley, CareTrust's Executive Chairman. Mr. Barbieri served as chairman of both the Nominating & Corporate Governance Committee and the Board's Sustainability & Corporate Responsibility Committee,

    $CTRE
    Real Estate Investment Trusts
    Real Estate
  • CareTrust REIT Announces David Sedgwick to Succeed Greg Stapley as Chief Executive Officer

    SAN CLEMENTE, Calif., Dec. 10, 2021 (GLOBE NEWSWIRE) -- The Board of Directors of CareTrust REIT, Inc. (NASDAQ:CTRE) today announced the appointment of David Sedgwick as Chief Executive Officer, to be effective as of January 1, 2022. Mr. Sedgwick will succeed founding Chairman and CEO Greg Stapley, who will continue to serve as CareTrust's Executive Chairman during an approximately six-month transition period, following which he and his wife Deborah will commence a three-year, full-time volunteer assignment for The Church of Jesus Christ of Latter-day Saints. The Board also announced that Diana M. Laing has been appointed as Lead Independent Director. Mr. Sedgwick, who has been with CareT

    $ALEX
    $AMH
    $CTRE
    $ENSG
    Real Estate Investment Trusts
    Real Estate
    Hospital/Nursing Management
    Health Care

CareTrust REIT Inc. Financials

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  • CareTrust REIT Raises Quarterly Dividend to $0.335 per Share

    CareTrust REIT, Inc. (NYSE:CTRE) announced today that its Board of Directors has increased its quarterly common stock cash dividend from $0.29 to $0.335 per common share. The current dividend will be payable to common stockholders of record as of the close of business on March 31, 2025. The Company intends to pay the dividend on or about April 15, 2025. Dave Sedgwick, CareTrust's Chief Executive Officer, commented that "An extraordinary year of growth last year results in an extraordinary increase in our dividend this year. Even with the 15.5% increase to our dividend, we expect to maintain a conservative payout ratio while also retaining our least expensive form of capital for future inve

    $CTRE
    Real Estate Investment Trusts
    Real Estate
  • CareTrust REIT, Inc. Announces $817 Million Recommended Cash Acquisition of Care REIT plc

    Conference Call Scheduled for Tuesday, March 11, 2025 at 8:00 a.m. EDT CareTrust REIT, Inc. (NYSE:CTRE) ("CareTrust") announced today that it has reached an agreement with the board of directors of Care REIT plc (LON: CRT) ("Care REIT") on the terms of a recommended cash offer to be made for the acquisition of Care REIT1 by CR United Bidco Ltd ("Bidco"), a wholly-owned subsidiary of CareTrust (the "Acquisition"). CareTrust has agreed to pay 108 pence in cash per ordinary share of Care REIT. Based on the Sterling to Dollar exchange rate on March 10, 2025, the terms of the acquisition represent a Care REIT market capitalization of US$577 million and, together with the assumption of net debt

    $CTRE
    Real Estate Investment Trusts
    Real Estate
  • CareTrust REIT Sets Fourth Quarter Earnings Call for Thursday, February 13, 2025

    CareTrust REIT, Inc. (NYSE:CTRE) announced today that it plans to release its fourth quarter and full year 2024 financial results after the U.S. markets close on Wednesday, February 12, 2025. Representatives of CareTrust REIT's management team will host a conference call to discuss the results and other current matters the following day. Conference Call CareTrust REIT invites current and prospective investors to listen to the call on Thursday, February 13, 2025 at 1:00 p.m. Eastern Time (10:00 a.m. Pacific Time). The toll-free dial-in number is 1 (800) 715-9871 or toll dial-in number is 1 (646) 307-1963 and the conference ID number is 2243604. To listen to the call online as a webcast

    $CTRE
    Real Estate Investment Trusts
    Real Estate
  • CareTrust REIT, Inc. Announces Tax Treatment of 2024 Dividends

    CareTrust REIT, Inc. (NYSE:CTRE) reported today the tax status of its 2024 dividends paid to shareholders. Details on the classifications of the dividends are included in the table below: DISTRIBUTIONS ON CARETRUST COMMON STOCK Box 1a Box 1b Box 2a Box 2b Box 3 Box 5 Record Date Payment Date Distribution Per Share Taxable Distribution Per Share Ordinary Dividend Qualified Dividend (Included in Box 1a) Capital Gain Distr. Unrecap. Section 1250 Gain (Included in Box 2a) Non-Dividend Distributions Section 199A Dividend 12/29/23 01/12/24 $ 0.2800

    $CTRE
    Real Estate Investment Trusts
    Real Estate
  • CareTrust REIT Announces Quarterly Dividend of $0.29 per Share

    CareTrust REIT, Inc. (NYSE:CTRE) announced today that its Board of Directors has declared a quarterly common stock cash dividend of $0.29 per common share. The current dividend will be payable to common stockholders of record as of the close of business on December 31, 2024. The Company intends to pay the dividend on or about January 15, 2025. About CareTrust REITTM 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 quali

    $CTRE
    Real Estate Investment Trusts
    Real Estate
  • CareTrust REIT Acquires Midwest Skilled Nursing Portfolio for Approximately $97 Million; Announces Phase 1 Closing of Tennessee Acquisition

    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 into a triple-net master lease with a large skilled nursing investor and operator who will sublease the portfolio to several licensed subtenant operators. The new master lease has an initial term of 15 years with two, 5-year extension opt

    $CTRE
    Real Estate Investment Trusts
    Real Estate
  • CareTrust REIT Announces Third Quarter 2024 Operating Results

    Conference Call Scheduled for Wednesday, October 30, 2024 at 1:00 pm ET CareTrust REIT, Inc. (NYSE:CTRE) today reported operating results for the quarter ended September 30, 2024, as well as other recent events. For the quarter, CareTrust REIT reported: Investments of $440.8 million at an estimated stabilized yield of 9.1%; 17.2 million shares sold under its ATM Program for gross proceeds of $500.1 million; Prepayment of the entirety of the $200.0 million term loan; 98.7% of contractual rent and interest collected; Net income of $33.4 million and net income per share of $0.21; Net Debt to Annualized Normalized Run Rate EBITDA of 0.08x; Normalized FFO of $60.9 million and nor

    $CTRE
    Real Estate Investment Trusts
    Real Estate
  • CareTrust REIT Sets Third Quarter Earnings Call for Wednesday, October 30, 2024

    CareTrust REIT, Inc. (NYSE:CTRE) announced today that it plans to release its third quarter 2024 financial results after the U.S. markets close on Tuesday, October 29, 2024. Representatives of CareTrust REIT's management team will host a conference call to discuss the results and other current matters the following day. Conference Call CareTrust REIT invites current and prospective investors to listen to the call on Wednesday, October 30, 2024 at 1:00 p.m. Eastern Time (10:00 a.m. Pacific Time). The toll-free dial-in number is 1 (800) 715-9871 or toll dial-in number is 1 (646) 307-1963 and the conference ID number is 2243604. To listen to the call online as a webcast, or to view any fina

    $CTRE
    Real Estate Investment Trusts
    Real Estate
  • CareTrust REIT Acquires Four Skilled Nursing Facilities in Mid-Atlantic for $74.7 Million; Reports Reloaded Pipeline of $240 Million

    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 with a new operator relationship for the company. The operator is an experienced skilled nursing operator who has operated facilities across multiple states. The new master lease has an initial term of 15 years with two, 5-year extension o

    $CTRE
    Real Estate Investment Trusts
    Real Estate
  • CareTrust REIT Announces Quarterly Dividend of $0.29 per Share

    CareTrust REIT, Inc. (NYSE:CTRE) announced today that its Board of Directors has declared a quarterly common stock cash dividend of $0.29 per common share. The current dividend will be payable to common stockholders of record as of the close of business on September 30, 2024. The Company intends to pay the dividend on or about October 15, 2024. About CareTrust REITTM 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 qualit

    $CTRE
    Real Estate Investment Trusts
    Real Estate

CareTrust REIT Inc. Large Ownership Changes

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