CareTrust REIT, Inc.

CTRE

US14174T1079

Specialized REITs

Market Closed - Nyse Other stock markets 04:00:02 2024-04-26 pm EDT			5-day change	1st Jan Change
24.31 ^USD	+1.50%		+2.62%	+8.62%

Apr. 02	CareTrust REIT Buys 3 Senior Living Facilities in Southern California	MT
Apr. 02	CareTrust REIT, Inc. Invests $60 Million in Acquisition of Three Southern California Continuing Care Retirement Communities	CI

CareTrust REIT, Inc. Reports Earnings Results for the Fourth Quarter Ended December 31, 2023

February 08, 2024 at 04:08 pm EST

CareTrust REIT, Inc. reported earnings results for the fourth quarter ended December 31, 2023. For the fourth quarter, the company reported sales was USD 53.47 million compared to USD 47.68 million a year ago. Revenue was USD 59.73 million compared to USD 51.81 million a year ago.

Net income was USD 26.3 million compared to USD 14.38 million a year ago. Basic earnings per share from continuing operations was USD 0.22 compared to USD 0.15 a year ago. Diluted earnings per share from continuing operations was USD 0.22 compared to USD 0.15 a year ago.

Latest news about CareTrust REIT, Inc.

CareTrust REIT Buys 3 Senior Living Facilities in Southern California	Apr. 02	MT
CareTrust REIT, Inc. Invests $60 Million in Acquisition of Three Southern California Continuing Care Retirement Communities	Apr. 02	CI
CareTrust REIT, Inc. acquired Torrey Pines Senior Living for $32.3 million.	Apr. 01	CI
CareTrust REIT Raises Quarterly Dividend $0.01 to $0.29 a Share, Payable April 15 to Stockholders of Record March 28	Mar. 18	MT
CareTrust REIT, Inc. Announces Quarterly Dividend, Payable on April 15, 2024	Mar. 18	CI
CareTrust REIT Acquires Three Skilled Nursing Facilities for $55.6 Million	Mar. 06	MT
CareTrust REIT, Inc. Acquires Three Property Skilled Nursing Portfolio in Texas and Missouri	Mar. 06	CI
CareTrust REIT, Inc. acquired Three Property Skilled Nursing Portfolio in Texas and Missouri for $55.6 million.	Mar. 05	CI
Ensign Group Acquires Skilled Nursing Facilities in Colorado, Kansas	Mar. 04	MT
Transcript : CareTrust REIT, Inc., Q4 2023 Earnings Call, Feb 09, 2024	Feb. 09
CareTrust REIT Q4 Normalized FFO Declines, Revenue Rises; Issues 2024 Outlook	Feb. 09	MT
Earnings Flash (CTRE) CARETRUST REIT Reports Q4 Revenue $59.7M	Feb. 08	MT
CareTrust REIT, Inc. Provides Earning Guidance for 2024	Feb. 08	CI
CareTrust REIT, Inc. Reports Earnings Results for the Fourth Quarter Ended December 31, 2023	Feb. 08	CI
CareTrust REIT, Inc. Reports Earnings Results for the Full Year Ended December 31, 2023	Feb. 08	CI
RBC Cuts Price Target on CareTrust REIT to $24 From $25 Amid 'Slower Near-Term Investment Pace,' Keeps Outperform Rating	Jan. 31	MT
Deutsche Bank Initiates Coverage on CareTrust REIT With Hold Rating, $23 Price Target	Jan. 30	MT
CareTrust REIT Acquires Assisted Living Facility The Villas in California	Jan. 09	MT
CareTrust REIT, Inc. Acquires Southern California Assisted Living Facility in Joint Venture Investment	Jan. 09	CI
CareTrust REIT, Inc. acquired The Villas at San Bernardino, California.	Jan. 08	CI
KeyBanc Lifts Price Target on CareTrust REIT to $25 From $22, Keeps Overweight Rating	Jan. 05	MT
CareTrust REIT Keeps Quarterly Cash Dividend at $0.28 a Share, Payable on Jan. 12 to Holders of Record Dec. 29	Dec. 18	MT
CareTrust REIT, Inc. Announces Quarterly Dividend, Payable on or About January 12, 2024	Dec. 18	CI
RBC Boosts Price Target on CareTrust REIT to $25 From $23, Keeps Outperform Rating	Nov. 28	MT
Wells Fargo Adjusts CareTrust REIT's Price Target to $23 From $22, Maintains Equalweight Rating	Nov. 27	MT

Chart CareTrust REIT, Inc.

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Company Profile

CareTrust REIT, Inc. is a self-administered, real estate investment trust (REIT). The Company is engaged in the ownership, acquisition, development and leasing of skilled nursing, seniors housing and other healthcare-related properties. The Company owns, directly or through joint ventures, and leased to independent operators, 232 skilled nursing facilities (SNFs), multi-service campuses, assisted living facilities (ALFs) and independent living facilities (ILFs) consisting of approximately 25,128 operational beds and units located in 28 states with the highest concentration of properties by rental income located in California and Texas. It leases healthcare-related properties to healthcare operators in triple-net lease arrangements. The Company extends secured mortgage loans to healthcare operators, secured by healthcare-related properties and secured mezzanine loans to healthcare operators, secured by membership interests in healthcare-related properties.

Sector

Specialized REITs

Calendar

2024-05-07 - Q1 2024 Earnings Release (Projected)

Related indices

Russell 2000

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Ratings for CareTrust REIT, Inc.

Trading Rating

Investor Rating

ESG Refinitiv

C-

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Analysts' Consensus

Sell

Buy

Mean consensus

BUY

Number of Analysts

Last Close Price

24.31 USD

Average target price

25.25 USD

Spread / Average Target

+3.87%

Consensus

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Estimates Revisions

Quarterly earnings - Rate of surprise

Company calendar

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Healthcare REITs