La catena delle opzioni mostra i dati chiave delle opzioni azionarie di CareTrust REIT a vari prezzi di esercizio e date di scadenza. I trader utilizzano queste informazioni per analizzare potenziali operazioni e valutare il sentiment del mercato per CareTrust REIT..

CareTrust REIT (NYSE:CTRE) Azioni, Catena delle Opzioni

CareTrust REIT

CareTrust REIT Inc is a self-administered, publicly-traded REIT engaged in the ownership, acquisition, financing, development and leasing of skilled nursing, seniors housing and other healthcare-related properties. The Company has one reportable segment consisting of investments in healthcare-related real estate assets. It generates revenues by leasing healthcare-related properties to healthcare operators in triple-net lease arrangements. The Company generate revenues by leasing healthcare-related properties to healthcare operators in triple-net lease arrangements, under which the tenant is solely responsible for the costs related to the property (including property taxes, insurance, maintenance and repair costs and capital expenditures).

CareTrust REIT Inc

CareTrust REIT, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CTRE#NYSE">CTRE</a>) ("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 common stock.
The Company intends to contribute the net proceeds to CTR Partnership, L.P., its operating partnership, which will in turn use the proceeds from this offering to fund new investments, including to acquire 31 skilled nursing facilities through a joint venture arrangement.

News

Offerings

CTRE

Reported Earlier, CareTrust REIT Launches $32/Share Upsized Stock Offering of 13.8M Shares (Prior 11.50M) to Fund Nursing Facility Acquisitions

CareTrust REIT Announces OFfering To Sell 11.50M Shares

Guidance Updated
The Company updated guidance for 2024, with Mr. Wagner projecting on a per-diluted weighted-average common share basis net income of approximately $0.83 to $0.84, normalized FFO of approximately $1.49 to $1.50, and normalized FAD of approximately $1.53 to $1.54. He noted that the 2024 guidance is based on a diluted weighted-average common share count of 152.6 million shares, and assumes the following:
<ul>
<li>All investments year-to-date;</li>
<li>No new investments, other than the Northeast acquisition expected to close in November 2024;</li>
<li>Dispositions and loan repayments made to date;</li>
<li>No new dispositions or loan repayments beyond those completed or announced to date;</li>
<li>No new debt incurrences or new equity issuances; and</li>
<li>Estimated 2.5% CPI-based rent escalators under CareTrust's long-term net leases.</li>
</ul>

Guidance

CareTrust REIT Updates Guidance For 2024, With Mr. Wagner Projecting On A Per-Diluted Weighted-Average Common Share Basis Net Income Of ~$0.83-$0.84, Normalized FFO Of ~$1.49-$1.50, And Normalized FAD Of ~$1.53-$1.54

CareTrust REIT (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CTRE#NASDAQ">CTRE</a>) reported quarterly earnings of $0.38 per share which met the analyst consensus estimate. This is a 8.57 percent increase over earnings of $0.35 per share from the same period last year. The company reported quarterly sales of $77.38 million which beat the analyst consensus estimate of $56.70 million by 36.47 percent. This is a 38.48 percent increase over sales of $55.88 million the same period last year.

Earnings

Earnings Beats

CareTrust REIT Q3 FFO $0.38, Inline, Sales $77.38M Beat $56.70M Estimate

CareTrust REIT, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CTRE#NYSE">CTRE</a>) announced today that, together with a joint venture partner, it has entered into a binding agreement to acquire a portfolio of skilled nursing facilities for a purchase price of approximately $500 million. The portfolio consists of 31 skilled nursing facilities and a total of 3,290 licensed beds, with 30 of the facilities located in Tennessee and 1 in Alabama. The acquisition is subject to customary closing conditions, and there can be no assurance that the transaction will close in the anticipated timeframe, or at all. The Company anticipates that the transaction will close in the fourth quarter of 2024.
It is anticipated that most of the facilities will be operated by existing CareTrust tenant relationships, including affiliates of The Ensign Group (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ENSG#NASDAQ">ENSG</a>), PACS Group, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/PACS#NYSE">PACS</a>), and Links Healthcare Group. PACS has agreed to operate 12 of the facilities, Ensign affiliates 9 of the facilities, and Links 7 of the facilities. Three facilities will be master leased to a regional operator that is a new tenant relationship for CareTrust. Three of Ensign's 9 facilities will be acquired by Ensign's real estate subsidiary with the remaining 6 to be included in a new master lease.
The acquisition will be completed through a joint venture arrangement entered into between CareTrust and a large third-party healthcare real estate owner. In connection with the joint venture's acquisition of the portfolio, CareTrust expects to provide a combined common equity and preferred equity investment amount totaling approximately $442 million at an initial contractual yield on its combined preferred and common equity investments in the joint venture of approximately 9.0%.

ENSG

PACS

CareTrust REIT Announces Updated Investments Pipeline Of $700M Including Agreement to Acquire $500M Portfolio In Southeast By Year End

PACS Group, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/PACS#NYSE">PACS</a>) ("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:<a class="ticker" href="https://www.benzinga.com/stock/CTRE#NYSE">CTRE</a>), pursuant to the terms of a long-term, triple net lease. The lease includes options for us to purchase the real estate on six of the facilities, between years four and seven of the lease.

PACS Group Announces Pending Acquisition Of Operations At 12 Skilled Nursing Facilities In Tennessee, The Facilities Will Be Leased From An Affiliate Of CareTrust REIT

The&nbsp;Ensign Group, Inc.&nbsp;(NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ENSG#NASDAQ">ENSG</a>), the parent company of the EnsignTM&nbsp;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 has agreed to add eight skilled nursing operations in the state of Tennessee and one in Alabama, subject to the completion of certain regulatory approvals and other closing conditions. Six of these operations will be jointly owned by CareTrust REIT, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CTRE#NYSE">CTRE</a>, "CareTrust"))) and a large, private joint venture investor and will transition to Ensign affiliated operating companies subject to a new, long-term triple net master leases, and three will be purchased by Standard Bearer Healthcare REIT, Inc., Ensign's captive real estate subsidiary. All nine operations will be operated by Ensign affiliated operating companies. It is anticipated that the transaction will be effective in the next few months.

The Ensign Group Announces Expansion In Tennessee, Agrees To Add Its First Operation In Alabama; Six Of These Operations Will Be Jointly Owned By CareTrust REIT

CareTrust REIT (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CTRE#NASDAQ">CTRE</a>) is preparing to release its quarterly earnings on Tuesday, 2024-10-29. Here's a brief overview of what investors should keep in mind before the announcement.
Analysts expect CareTrust REIT to report an earnings per share (EPS) of $0.38.
Investors in CareTrust REIT are eagerly awaiting the company's announcement, hoping for news of surpassing estimates and positive guidance for the next quarter.
It's worth noting for new investors that stock prices can be heavily influenced by future projections rather than just past performance.
<h3>Overview of Past Earnings</h3>
The company's EPS missed by $0.00 in the last quarter, leading to a 0.81% increase in the share price on the following day.
Here's a look at CareTrust REIT's past performance and the resulting price change:

<table>
<thead>
<tr>
<th>Quarter</th>
<th>Q2 2024</th>
<th>Q1 2024</th>
<th>Q4 2023</th>
<th>Q3 2023</th>
</tr>
</thead>
<tbody>
<tr>
<td>EPS Estimate</td>
<td>0.36</td>
<td>0.37</td>
<td></td>
<td></td>
</tr>
<tr>
<td>EPS Actual</td>
<td>0.36</td>
<td>0.35</td>
<td>0.36</td>
<td>0.35</td>
</tr>
<tr>
<td>Price Change %</td>
<td>1.0%</td>
<td>-1.0%</td>
<td>7.000000000000001%</td>
<td>3.0%</td>
</tr>
</tbody>
</table>

<h3>Analysts' Perspectives on CareTrust REIT</h3>
For investors, staying informed about market sentiments and expectations in the industry is paramount. This analysis provides an exploration of the latest insights on CareTrust REIT.
The consensus rating for CareTrust REIT is Outperform, based on 4 analyst ratings. With an average one-year price target of $33.25, there's a potential 7.5% upside.
<h3>Comparing Ratings with Peers</h3>
In this analysis, we delve into the analyst ratings and average 1-year price targets of Sabra Health Care REIT, American Healthcares and National Health Investors, three key industry players, offering insights into their relative performance expectations and market positioning.
<ul>
<li>The consensus among analysts is an Buy trajectory for Sabra Health Care REIT, with an average 1-year price target of $18.6, indicating a potential 39.86% downside.</li>
<li>American Healthcares received a Buy consensus from analysts, with an average 1-year price target of $25.1, implying a potential 18.85% downside.</li>
<li>The consensus among analysts is an Neutral trajectory for National Health Investors, with an average 1-year price target of $85.33, indicating a potential 175.88% upside.</li>
</ul>
<h3>Peer Analysis Summary</h3>
The peer analysis summary outlines pivotal metrics for Sabra Health Care REIT, American Healthcares and National Health Investors, demonstrating their respective standings within the industry and offering valuable insights into their market positions and comparative performance.

<table>
<thead>
<tr>
<th>Company</th>
<th>Consensus</th>
<th>Revenue Growth</th>
<th>Gross Profit</th>
<th>Return on Equity</th>
</tr>
</thead>
<tbody>
<tr>
<td>CareTrust REIT</td>
<td>Outperform</td>
<td>16.05%</td>
<td>$53.18M</td>
<td>0.59%</td>
</tr>
<tr>
<td>Sabra Health Care REIT</td>
<td>Buy</td>
<td>9.29%</td>
<td>$121.39M</td>
<td>0.87%</td>
</tr>
<tr>
<td>American Healthcares</td>
<td>Buy</td>
<td>9.41%</td>
<td>$102.02M</td>
<td>0.10%</td>
</tr>
<tr>
<td>National Health Investors</td>
<td>Neutral</td>
<td>9.11%</td>
<td>$82.17M</td>
<td>2.83%</td>
</tr>
</tbody>
</table>

Key Takeaway:
CareTrust REIT ranks at the top for Revenue Growth and Gross Profit among its peers. It is in the middle for Return on Equity.
<h3>Get to Know CareTrust REIT Better</h3>
CareTrust REIT Inc is a self-administered, publicly-traded REIT engaged in the ownership, acquisition, financing, development and leasing of skilled nursing, seniors housing and other healthcare-related properties. The Company has one reportable segment consisting of investments in healthcare-related real estate assets. It generates revenues by leasing healthcare-related properties to healthcare operators in triple-net lease arrangements. The Company generate revenues by leasing healthcare-related properties to healthcare operators in triple-net lease arrangements, under which the tenant is solely responsible for the costs related to the property (including property taxes, insurance, maintenance and repair costs and capital expenditures).
<h3>CareTrust REIT: Delving into Financials</h3>
Market Capitalization Analysis: Positioned below industry benchmarks, the company's market capitalization faces constraints in size. This could be influenced by factors such as growth expectations or operational capacity.
Revenue Growth: Over the 3 months period, CareTrust REIT showcased positive performance, achieving a revenue growth rate of 16.05% as of 30 June, 2024. This reflects a substantial increase in the company's top-line earnings. In comparison to its industry peers, the company stands out with a growth rate higher than the average among peers in the Real Estate sector.
Net Margin: CareTrust REIT's financial strength is reflected in its exceptional net margin, which exceeds industry averages. With a remarkable net margin of 19.24%, the company showcases strong profitability and effective cost management.
Return on Equity (ROE): CareTrust REIT's ROE lags behind industry averages, suggesting challenges in maximizing returns on equity capital. With an ROE of 0.59%, the company may face hurdles in achieving optimal financial performance.
Return on Assets (ROA): The company's ROA is a standout performer, exceeding industry averages. With an impressive ROA of 0.42%, the company showcases effective utilization of assets.
Debt Management: CareTrust REIT's debt-to-equity ratio is below industry norms, indicating a sound financial structure with a ratio of 0.35.
<a href="https://www.benzinga.com/quote/CTRE/earnings">To track all earnings releases for CareTrust REIT visit their earnings calendar on our site.</a>
This article was generated by Benzinga's automated content engine and reviewed by an editor.

Earnings Preview: CareTrust REIT

CareTrust REIT's (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CTRE#NYSE">CTRE</a>) short percent of float has fallen 24.93% since its last report. The company recently reported that it has 3.10 million shares sold short, which is 2.74% of all regular shares that are available for trading. Based on its trading volume, it would take traders 2.0 days to cover their short positions on average.
<h3>Why Short Interest Matters</h3>
Short interest is the number of shares that have been sold short but have not yet been covered or closed out. <a href="https://www.benzinga.com/money/how-to-short-a-stock/">Short selling</a> is when a trader sells shares of a company they do not own, with the hope that the price will fall. Traders make money from short selling if the price of the stock falls and they lose if it rises.
Short interest is important to track because it can act as an indicator of market sentiment towards a particular stock. An increase in short interest can signal that investors have become more bearish, while a decrease in short interest can signal they have become more bullish.
See Also: <a href="https://www.benzinga.com/short-interest">List of the most shorted stocks</a>
<h3>CareTrust REIT Short Interest Graph (3 Months)</h3>
<img src="https://www.benzinga.com/files/images/story/2024/1730133918_0.png" alt="short_fig" />
As you can see from the chart above the percentage of shares that are sold short for CareTrust REIT has declined since its last report. This does not mean that the stock is going to rise in the near-term but traders should be aware that less shares are being shorted.
<h3>Comparing CareTrust REIT's Short Interest Against Its Peers</h3>
Peer comparison is a popular technique amongst analysts and investors for gauging how well a company is performing. A company's peer is another company that has similar characteristics to it, such as industry, size, age, and financial structure. You can find a company's peer group by reading its 10-K, proxy filing, or by doing your own similarity analysis.
According to <a href="https://pro.benzinga.com/">Benzinga Pro</a>, CareTrust REIT's peer group average for short interest as a percentage of float is 7.28%, which means the company has less short interest than most of its peers.
Did you know that increasing short interest can actually be bullish for a stock? <a href="https://www.benzinga.com/money/how-to-make-money-on-a-short-squeeze/">This post by Benzinga Money explains how you can profit from it.</a>
This article was generated by Benzinga's automated content engine and was reviewed by an editor.

Short Sellers

Short Ideas

Trading Ideas

How Is The Market Feeling About CareTrust REIT?

Ratings for CareTrust REIT (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CTRE#NYSE">CTRE</a>) were provided by 4 analysts in the past three months, showcasing a mix of bullish and bearish perspectives.
The table below provides a concise overview of recent ratings by analysts, offering insights into the changing sentiments over the past 30 days and drawing comparisons with the preceding months for a holistic perspective.
<table>
<thead>
<tr>
<th></th>
<th style="text-align: right;">Bullish</th>
<th style="text-align: right;">Somewhat Bullish</th>
<th style="text-align: right;">Indifferent</th>
<th style="text-align: right;">Somewhat Bearish</th>
<th style="text-align: right;">Bearish</th>
</tr>
</thead>
<tbody>
<tr>
<td>Total Ratings</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">4</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
</tr>
<tr>
<td>Last 30D</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">2</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
</tr>
<tr>
<td>1M Ago</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">1</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
</tr>
<tr>
<td>2M Ago</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">1</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
</tr>
<tr>
<td>3M Ago</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
</tr>
</tbody>
</table>
Analysts have set 12-month price targets for CareTrust REIT, revealing an average target of $33.25, a high estimate of $34.00, and a low estimate of $31.00. Marking an increase of 15.65%, the current average surpasses the previous average price target of $28.75. 
<img src="https://www.benzinga.com/files/images/story/2024/1728320459_0.png" alt="price target chart" />
<h2>Understanding Analyst Ratings: A Comprehensive Breakdown</h2>
A clear picture of CareTrust REIT's perception among financial experts is painted with a thorough analysis of recent analyst actions. The summary below outlines key analysts, their recent evaluations, and adjustments to ratings and price targets.
<table>
<thead>
<tr>
<th>Analyst</th>
<th>Analyst Firm</th>
<th>Action Taken</th>
<th>Rating</th>
<th>Current Price Target</th>
<th>Prior Price Target</th>
</tr>
</thead>
<tbody>
<tr>
<td>Austin Wurschmidt</td>
<td>Keybanc</td>
<td>Raises</td>
<td>Overweight</td>
<td>$34.00</td>
<td>$27.00</td>
</tr>
<tr>
<td>Juan Sanabria</td>
<td>BMO Capital</td>
<td>Raises</td>
<td>Outperform</td>
<td>$34.00</td>
<td>$33.00</td>
</tr>
<tr>
<td>James Feldman</td>
<td>Wells Fargo</td>
<td>Raises</td>
<td>Overweight</td>
<td>$34.00</td>
<td>$28.00</td>
</tr>
<tr>
<td>Michael Carroll</td>
<td>RBC Capital</td>
<td>Raises</td>
<td>Outperform</td>
<td>$31.00</td>
<td>$27.00</td>
</tr>
</tbody>
</table>
<h3>Key Insights:</h3>
<ul>
<li>Action Taken: Analysts respond to changes in market conditions and company performance, frequently updating their recommendations. Whether they 'Maintain', 'Raise' or 'Lower' their stance, it reflects their reaction to recent developments related to CareTrust REIT. This information offers a snapshot of how analysts perceive the current state of the company.</li>
<li>Rating: Gaining insights, analysts provide qualitative assessments, ranging from 'Outperform' to 'Underperform'. These ratings reflect expectations for the relative performance of CareTrust REIT compared to the broader market.</li>
<li>Price Targets: Analysts explore the dynamics of price targets, providing estimates for the future value of CareTrust REIT's stock. This examination reveals shifts in analysts' expectations over time.</li>
</ul>
Assessing these analyst evaluations alongside crucial financial indicators can provide a comprehensive overview of CareTrust REIT's market position. Stay informed and make well-judged decisions with the assistance of our Ratings Table.
<a href="https://www.benzinga.com/quote/CTRE/analyst-ratings?utm_source=Benzinga Insights">Stay up to date on CareTrust REIT analyst ratings.</a>
<h2>Discovering CareTrust REIT: A Closer Look</h2>
CareTrust REIT Inc is a self-administered, publicly-traded REIT engaged in the ownership, acquisition, financing, development and leasing of skilled nursing, seniors housing and other healthcare-related properties. The Company has one reportable segment consisting of investments in healthcare-related real estate assets. It generates revenues by leasing healthcare-related properties to healthcare operators in triple-net lease arrangements. The Company generate revenues by leasing healthcare-related properties to healthcare operators in triple-net lease arrangements, under which the tenant is solely responsible for the costs related to the property (including property taxes, insurance, maintenance and repair costs and capital expenditures).
<h3>Breaking Down CareTrust REIT's Financial Performance</h3>
Market Capitalization Analysis: Below industry benchmarks, the company's market capitalization reflects a smaller scale relative to peers. This could be attributed to factors such as growth expectations or operational capacity.
Positive Revenue Trend: Examining CareTrust REIT's financials over 3 months reveals a positive narrative. The company achieved a noteworthy revenue growth rate of 16.05% as of 30 June, 2024, showcasing a substantial increase in top-line earnings. As compared to its peers, the company achieved a growth rate higher than the average among peers in Real Estate sector.
Net Margin: CareTrust REIT's financial strength is reflected in its exceptional net margin, which exceeds industry averages. With a remarkable net margin of 19.24%, the company showcases strong profitability and effective cost management.
Return on Equity (ROE): The company's ROE is below industry benchmarks, signaling potential difficulties in efficiently using equity capital. With an ROE of 0.59%, the company may need to address challenges in generating satisfactory returns for shareholders.
Return on Assets (ROA): CareTrust REIT's ROA excels beyond industry benchmarks, reaching 0.42%. This signifies efficient management of assets and strong financial health.
Debt Management: With a below-average debt-to-equity ratio of 0.35, CareTrust REIT adopts a prudent financial strategy, indicating a balanced approach to debt management.
<h2>The Significance of Analyst Ratings Explained</h2>
Experts in banking and financial systems, analysts specialize in reporting for specific stocks or defined sectors. Their comprehensive research involves attending company conference calls and meetings, analyzing financial statements, and engaging with insiders to generate what are known as analyst ratings for stocks. Typically, analysts assess and rate each stock once per quarter.
In addition to their assessments, some analysts extend their insights by offering predictions for key metrics such as earnings, revenue, and growth estimates. This supplementary information provides further guidance for traders. It is crucial to recognize that, despite their specialization, analysts are human and can only provide forecasts based on their beliefs.
Which Stocks Are Analysts Recommending Now?
Benzinga Edge gives you instant access to all major analyst upgrades, downgrades, and price targets. Sort by accuracy, upside potential, and more. <a href="https://www.benzinga.com/premium/ideas/benzinga-edge-checkout/?t=be8be9arja3be22bz21&amp;utm_source=benzinga-insights">Click here to stay ahead of the market</a>.
This article was generated by Benzinga's automated content engine and reviewed by an editor.

Analyst Ratings

What Analysts Are Saying About CareTrust REIT Stock

Keybanc analyst Austin Wurschmidt maintains CareTrust REIT (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CTRE#NYSE">CTRE</a>) with a Overweight and raises the price target from $27 to $34.

Price Target

Keybanc Maintains Overweight on CareTrust REIT, Raises Price Target to $34

BMO Capital analyst Juan Sanabria maintains CareTrust REIT (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CTRE#NYSE">CTRE</a>) with a Outperform and raises the price target from $33 to $34.

BMO Capital Maintains Outperform on CareTrust REIT, Raises Price Target to $34

CareTrust REIT, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CTRE#NYSE">CTRE</a>) 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 options and provides for a year 1 contractual lease yield of 9.3% (inclusive of transaction costs) with annual CPI-based escalators. To facilitate certain local constraints, the acquisition of one of the facilities was structured as a mortgage loan extended by CareTrust to the operator, with the mortgage loan having substantially the same economics, maturity, and other terms as the master lease.
James Callister, CareTrust's Chief Investment Officer, said, "Today, we are thrilled to announce the acquisition of additional facilities in the Mid-Atlantic region and to begin a new relationship with an operator we are very excited about." Mr. Callister went on to state that, "Our year-to-date investments now total over $900 million and we continue to actively seek and look to execute upon additional acquisition opportunities."
The investment was funded using cash on hand. In September 2024, the company raised $309.9 million at an average price of $30.38 per share under its new $750 million ATM program bringing its outstanding share count to 171.5 million shares. Also in September 2024, the company paid off its $200 million term loan. The company is currently in the process of amending and extending its existing credit facility. As of today, the company currently has approximately $280 million of cash on hand.
CareTrust also reported that subsequent to the closing of this acquisition, the reloaded investment pipeline sits at $240 million of near-term, actionable opportunities, not including larger portfolios the company is reviewing. Dave Sedgwick, CareTrust's Chief Executive Officer, stated that "Today's announcement not only represents a quadrupling of our average annual rate of investments; but it also represents an acceleration of our mission to facilitate growth for strong skilled nursing and seniors housing operators where they are needed." Mr. Sedgwick continued, "As we head into the final quarter of 2024, given the progress made throughout the organization, the company has never been better positioned to grow than now."

CareTrust REIT Expands Mid-Atlantic Portfolio with $74.7M Skilled Nursing Acquisition, Strengthens Operator Ties

Wells Fargo analyst James Feldman upgrades CareTrust REIT (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CTRE#NYSE">CTRE</a>) from Equal-Weight to Overweight and raises the price target from $28 to $34.

Upgrades

Wells Fargo Upgrades CareTrust REIT to Overweight, Raises Price Target to $34

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.
The company has also announced the acquisition of a 134-bed skilled nursing facility located on the West Coast for approximately&nbsp;$24.5 million.
The company currently has approximately&nbsp;$221 million&nbsp;of cash on hand. Also today, the company initiated a new&nbsp;$750 million&nbsp;ATM program under its shelf registration statement on Form S-3 filed with the SEC.

CareTrust REIT Reports Acquisition Of Two Skilled Nursing Facilities In Separate Transactions With Total Investment Amount Of $62.1M

CareTrust REIT Files For Common Stock Offering Of Up To $750M

Providing a diverse range of perspectives from bullish to bearish, 4 analysts have published ratings on CareTrust REIT (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CTRE#NYSE">CTRE</a>) in the last three months.
The following table summarizes their recent ratings, shedding light on the changing sentiments within the past 30 days and comparing them to the preceding months.
<table>
<thead>
<tr>
<th></th>
<th style="text-align: right;">Bullish</th>
<th style="text-align: right;">Somewhat Bullish</th>
<th style="text-align: right;">Indifferent</th>
<th style="text-align: right;">Somewhat Bearish</th>
<th style="text-align: right;">Bearish</th>
</tr>
</thead>
<tbody>
<tr>
<td>Total Ratings</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">1</td>
<td style="text-align: right;">3</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
</tr>
<tr>
<td>Last 30D</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">1</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
</tr>
<tr>
<td>1M Ago</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
</tr>
<tr>
<td>2M Ago</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">1</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
</tr>
<tr>
<td>3M Ago</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">2</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
</tr>
</tbody>
</table>
Analysts provide deeper insights through their assessments of 12-month price targets, revealing an average target of $27.5, a high estimate of $31.00, and a low estimate of $26.00. Witnessing a positive shift, the current average has risen by 11.47% from the previous average price target of $24.67.
<img src="https://www.benzinga.com/files/images/story/2024/1724338839_0.png" alt="price target chart" />
<h2>Diving into Analyst Ratings: An In-Depth Exploration</h2>
A comprehensive examination of how financial experts perceive CareTrust REIT is derived from recent analyst actions. The following is a detailed summary of key analysts, their recent evaluations, and adjustments to ratings and price targets.
<table>
<thead>
<tr>
<th>Analyst</th>
<th>Analyst Firm</th>
<th>Action Taken</th>
<th>Rating</th>
<th>Current Price Target</th>
<th>Prior Price Target</th>
</tr>
</thead>
<tbody>
<tr>
<td>Michael Carroll</td>
<td>RBC Capital</td>
<td>Raises</td>
<td>Outperform</td>
<td>$31.00</td>
<td>$27.00</td>
</tr>
<tr>
<td>Omotayo Okusanya</td>
<td>Deutsche Bank</td>
<td>Raises</td>
<td>Hold</td>
<td>$27.00</td>
<td>$23.00</td>
</tr>
<tr>
<td>James Feldman</td>
<td>Wells Fargo</td>
<td>Raises</td>
<td>Equal-Weight</td>
<td>$26.00</td>
<td>$24.00</td>
</tr>
<tr>
<td>Richard Anderson</td>
<td>Wedbush</td>
<td>Announces</td>
<td>Neutral</td>
<td>$26.00</td>
<td>-</td>
</tr>
</tbody>
</table>
<h3>Key Insights:</h3>
<ul>
<li>Action Taken: Analysts adapt their recommendations to changing market conditions and company performance. Whether they 'Maintain', 'Raise' or 'Lower' their stance, it reflects their response to recent developments related to CareTrust REIT. This information provides a snapshot of how analysts perceive the current state of the company.</li>
<li>Rating: Analysts unravel qualitative evaluations for stocks, ranging from 'Outperform' to 'Underperform'. These ratings offer insights into expectations for the relative performance of CareTrust REIT compared to the broader market.</li>
<li>Price Targets: Understanding forecasts, analysts offer estimates for CareTrust REIT's future value. Examining the current and prior targets provides insight into analysts' changing expectations.</li>
</ul>
To gain a panoramic view of CareTrust REIT's market performance, explore these analyst evaluations alongside essential financial indicators. Stay informed and make judicious decisions using our Ratings Table.
<a href="https://www.benzinga.com/quote/CTRE/analyst-ratings?utm_source=Benzinga Insights">Stay up to date on CareTrust REIT analyst ratings.</a>
<h2>All You Need to Know About CareTrust REIT</h2>
CareTrust REIT Inc is a self-administered, publicly-traded REIT engaged in the ownership, acquisition, financing, development and leasing of skilled nursing, seniors housing and other healthcare-related properties. The Company has one reportable segment consisting of investments in healthcare-related real estate assets. It generates revenues by leasing healthcare-related properties to healthcare operators in triple-net lease arrangements. The Company generate revenues by leasing healthcare-related properties to healthcare operators in triple-net lease arrangements, under which the tenant is solely responsible for the costs related to the property (including property taxes, insurance, maintenance and repair costs and capital expenditures).
<h3>Understanding the Numbers: CareTrust REIT's Finances</h3>
Market Capitalization Analysis: The company exhibits a lower market capitalization profile, positioning itself below industry averages. This suggests a smaller scale relative to peers.
Revenue Growth: CareTrust REIT displayed positive results in 3 months. As of 30 June, 2024, the company achieved a solid revenue growth rate of approximately 16.05%. This indicates a notable increase in the company's top-line earnings. As compared to competitors, the company surpassed expectations with a growth rate higher than the average among peers in the Real Estate sector.
Net Margin: CareTrust REIT's financial strength is reflected in its exceptional net margin, which exceeds industry averages. With a remarkable net margin of 19.24%, the company showcases strong profitability and effective cost management.
Return on Equity (ROE): The company's ROE is below industry benchmarks, signaling potential difficulties in efficiently using equity capital. With an ROE of 0.59%, the company may need to address challenges in generating satisfactory returns for shareholders.
Return on Assets (ROA): CareTrust REIT's ROA stands out, surpassing industry averages. With an impressive ROA of 0.42%, the company demonstrates effective utilization of assets and strong financial performance.
Debt Management: The company maintains a balanced debt approach with a debt-to-equity ratio below industry norms, standing at 0.35.
<h2>How Are Analyst Ratings Determined?</h2>
Analysts are specialists within banking and financial systems that typically report for specific stocks or within defined sectors. These people research company financial statements, sit in conference calls and meetings, and speak with relevant insiders to determine what are known as analyst ratings for stocks. Typically, analysts will rate each stock once a quarter. 
Analysts may enhance their evaluations by incorporating forecasts for metrics like growth estimates, earnings, and revenue, delivering additional guidance to investors. It is vital to acknowledge that, although experts in stocks and sectors, analysts are human and express their opinions when providing insights.
This article was generated by Benzinga's automated content engine and reviewed by an editor.

Decoding 4 Analyst Evaluations For CareTrust REIT

RBC Capital analyst Michael Carroll maintains CareTrust REIT (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CTRE#NYSE">CTRE</a>) with a Outperform and raises the price target from $27 to $31.

RBC Capital Maintains Outperform on CareTrust REIT, Raises Price Target to $31

Medical Properties Trust, Inc. (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/mpw#NYSE">MPW</a>) &mdash; also known as MPT &mdash; recently concluded the disposition of 11 freestanding emergency department (FSED), primary care, imaging and urgent care facilities in Colorado to University of Colorado Health (&quot;UCHealth&quot;) for $86 million. The move is in line with the company&#39;s capital-recycling strategy.
Reflecting positive sentiments, shares of MPW gained 5.34% on Aug 15 regular trading session on the NYSE.
The company plans to allocate the proceeds obtained from the transaction toward debt reduction and for general corporate purposes.
MPT follows a disciplined capital-recycling strategy, through which it disposes of non-core assets and redeploys the proceeds in premium asset acquisitions and accretive development projects.
In July 2024, MPT sold seven FSED facilities as well as one general acute hospital in Arizona to Dignity Health for approximately $160 million.
In April 2024, the company sold its 75% interest in five Utah hospitals to a new joint venture with an institutional investor for $886 million. This sale generated approximately $1.1 billion of total cash proceeds to MPT. During the same month, it closed on the sale of five facilities in California and New Jersey to Prime Healthcare for a total consideration of $350 million.
This healthcare real estate investment trust (REIT), engaged in the acquisition and development of healthcare facilities, has been making efforts to improve portfolio diversification with respect to the operator.
The company is focusing on the reduction of its exposure to troubled operators and enhancing its scope for stable cashflow generation. Moreover, the company&#39;s successful execution of more than $2.5 billion in liquidity transactions since the beginning of the year through Aug 8, 2024, strengthens its balance sheet position and places it well to fund its short-term liquidity requirements.
Last week, this Birmingham, AL-based REIT reported better-than-expected second-quarter 2024 results. The company reported Normalized Funds from Operations of 23 cents per share, surpassing the Zacks Consensus Estimate of 20 cents.
Over the past six months, shares of this Zacks Rank #1 (Strong Buy) company have gained 38.5% compared with the industry&#39;s growth of 9%.
<img alt="Zacks Investment Research" src="https://staticx-tuner.zacks.com/images/articles/charts/4a/74521.jpg?v=528813046" />
Image Source: Zacks Investment Research
<h3>Other Stocks to Consider</h3>
Some other top-ranked stocks from the healthcare REIT sector are CareTrust REIT (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/ctre#NYSE">CTRE</a>) and Sabra Healthcare REIT (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/sbra#NASDAQ">SBRA</a>).
The Zacks Consensus Estimate for CareTrust&#39;s 2024 FFO per share stands at $1.47, indicating an increase of 4.3% from the year-ago reported figure. CTRE sports a Zacks Rank #1 at present.
Sabra currently carries a Zacks Rank #2 (Buy).The Zacks Consensus Estimate for SBRA&#39;s 2024 FFO per share is pinned at $1.41, suggesting year-over-year growth of 6%.
Note: Anything related to earnings presented in this write-up represents funds from operations (FFO), a widely used metric to gauge the performance of REITs.
<a href="https://www.zacks.com/stock/news/2323336/medical-properties-mpw-disposes-of-11-facilities-to-uchealth?cid=CS-BENZ-FT-analyst_blog|company_news_finance_sector-2323336">To read this article on Zacks.com click here.</a>

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SBRA

Medical Properties Disposes of 11 Facilities to UCHealth

CareTrust REIT (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CTRE#NASDAQ">CTRE</a>) reported quarterly earnings of $0.36 per share which met the analyst consensus estimate. The company reported quarterly sales of $68.891 million which beat the analyst consensus estimate of $54.220 million by 27.06 percent. This is a 33.63 percent increase over sales of $51.553 million the same period last year.

CareTrust REIT Q2 2024 FFO $0.36, Inline, Sales $68.891M Beat $54.220M Estimate

In a report released today, Juan C. Sanabria from BMO Capital maintained a Buy rating on CareTrust REIT (CTRE – Research Report), with a price targ...

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CareTrust REIT, Inc. 2024 Q3 - Results - Earnings Call Presentation

Wells Fargo, BofA and JPMorgan are acting as joint book running managers for the offering. Published first on TheFly – the ultimate source for real...

CareTrust REIT 11.5M share Spot Secondary; price range $31.50-$32.50

The deal size was increased to 13.8M shares from 11.5M and priced at midpoint of $31.50-$32.50 target range. Wells Fargo, BofA and JPMorgan are act...

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RBC Capital Reaffirms Their Buy Rating on CareTrust REIT (CTRE)

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Press Releases

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

CareTrust Publishes Fourth Annual Corporate Sustainability Report

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

General

The Ensign Group Announces Expansion in Tennessee, Agrees to Add Its First Operation in Alabama

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

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

CareTrust REIT Announces Third Quarter 2024 Operating Results

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

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

PACS Group Closes Acquisition of Operations at 8 Facilities in Pennsylvania, Including Real Estate on 4

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CareTrust REIT (NYSE:CTRE) Azioni, Catena delle Opzioni

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