CareTrust REIT
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CareTrust REIT, Inc. is a self-administered, publicly-traded real estate investment trust engaged in the ownership, acquisition and leasing of seniors housing and healthcare-related properties. The last earnings update was 5 days ago. More info.
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CTRE Share Price and Events
7 Day Returns
1 Year Returns
CTRE Shareholder Return
| 7 Day | 30 Day | 90 Day | 1 Year | 3 Year | 5 Year | |
|---|---|---|---|---|---|---|
| CareTrust REIT (CTRE) | -0.9% | 10.9% | 16.4% | 47.6% | 102.7% | - |
| US REITs | 0.3% | 7.6% | 4.8% | 13.4% | 20% | 27% |
| US Market | 1.2% | 6.6% | 1.2% | 0.9% | 44.3% | 41.3% |
1 Year Return vs Industry and Market
- CTRE outperformed the REITs industry which returned 13.4% over the past year.
- CTRE outperformed the Market in United States of America which returned 0.9% over the past year.
Value
Is CareTrust REIT undervalued based on future cash flows and its price relative to the stock market?
Value is all about what a company is worth versus what price it is
available for. If you went into a grocery store and all the bananas were on sale
at half price, they could be considered
undervalued.
INTRINSIC VALUE BASED ON FUTURE CASH FLOWS
Here we compare the current
share
price of
CareTrust REIT
to its discounted cash flow analysis.value.The discounted cash flow value is simply looking at what the company is worth today, based on estimates of how much money it is expected to make in the future.
Below are the data sources, inputs and calculation used to determine the intrinsic value for CareTrust REIT.
| Data Point | Source | Value |
|---|---|---|
| Valuation Model | 2 Stage Free Cash Flow to Equity using Adjusted Funds From Operations | |
| Levered Adjusted Funds From Operations | Average of 4 Analyst Estimates (S&P Global) | See below |
| Discount Rate (Cost of Equity) | See below | 8.5% |
| Perpetual Growth Rate | 10-Year US Government Bond Rate | 2.7% |
An important part of a discounted cash flow is the discount rate, below we explain how it has been calculated.
| Data Point | Calculation/ Source | Result |
|---|---|---|
| Risk-Free Rate | 10-Year US Govt Bond Rate | 2.7% |
| Equity Risk Premium | S&P Global | 7.3% |
| REITs Unlevered Beta | Simply Wall St/ S&P Global | 0.55 |
| Re-levered Beta | = Unlevered beta (1 + (1- tax rate) (Debt/Equity))
= 0.551 (1 + (1- 21%) (24.59%)) |
0.658 |
| Levered Beta | Levered Beta limited to 0.8 to 2.0 (practical range for a stable firm) |
0.8 |
| Discount Rate/ Cost of Equity |
= Cost of Equity = Risk Free Rate + (Levered Beta * Equity Risk Premium)
= 2.73% + (0.8 * 7.27%) |
8.55% |
Discounted Cash Flow Calculation for NasdaqGS:CTRE using 2 Stage Free Cash Flow to Equity using Adjusted Funds From Operations Model
The calculations below outline how an intrinsic value for CareTrust REIT is arrived at by discounting future cash flows to their present value using the 2 stage method. We use analyst's estimates of cash flows going forward 5 years for the 1st stage, the 2nd stage assumes the company grows at a stable rate into perpetuity.
CareTrust REIT is a Real Estate Investment Trust (REIT), we use funds from operations (FFO) or adjusted funds from operations (AFFO) instead of levered free cash flow for REITs. This excludes depreciation and borrowing. Ideally analysts estimates of AFFO are used, where these aren't available we use FFO.
| 2019 | 2020 | 2021 | 2022 | 2023 | |
| Adjusted Funds From Operations (AFFO) (USD, Millions) | 126.84 | 141.53 | 167.01 | 195.40 | 226.66 |
| Source | Analyst x3 | Analyst x4 | Est @ 18%, capped from 23.57% | Est @ 17%, capped from 23.57% | Est @ 16%, capped from 23.57% |
|
Present Value Discounted (@ 8.55%) |
116.85 | 120.12 | 130.58 | 140.75 | 150.42 |
| Present value of next 5 years cash flows | $658.73 |
| Calculation | Result | |
|---|---|---|
| Terminal Value |
= FCF2023
× (1 + g) ÷ (Discount Rate – g)
= $226.66 × (1 + 2.73%) ÷ (8.55% – 2.73%) |
$4,003.57 |
| Present Value of Terminal Value |
= Terminal Value ÷ (1 + r)5
= $4,003.57 ÷ (1 + 8.55%)5 |
$2,656.92 |
| Calculation | Result | |
|---|---|---|
| Total Equity Value |
= Present value of next 5 years cash flows +
Terminal Value
= $658.73 + $2,656.92 |
$3,315.65 |
| Equity Value per Share (USD) |
= Total value / Shares Outstanding
= $3,315.65 / 88.85 |
$37.32 |
| Calculation | Result | |
|---|---|---|
| Value per share (USD) | From above. | $37.32 |
| Current discount | Discount to share price of
$22.42
= -1 x ($22.42 - $37.32) / $37.32 |
39.9% |
Learn more about our DCF calculations in Simply Wall St’s analysis model .
Current Discount
Current Discount Checks
- CareTrust REIT's share price is below the future cash flow value, and at a moderate discount (> 20%).
- CareTrust REIT's share price is below the future cash flow value, but not at a substantial discount (< 40%).
PRICE RELATIVE TO MARKET
We can also value a company based on what the stock market is willing to pay for
it. This is similar to the price of fruit (e.g. Mangoes or Avocados) increasing
when they are out of season, or how much your home is worth.The amount the stock market is willing to pay for CareTrust REIT's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are
CareTrust REIT's earnings available for a low price, and how does
this compare to other companies in the same industry?
| Data Point | Source | Value |
|---|---|---|
| Earnings Per Share * | Company Filings (2018-12-31) in USD | $0.73 |
| NasdaqGS:CTRE Share Price ** | NasdaqGS (2019-02-15) in USD | $22.42 |
| United States of America REITs Industry PE Ratio | Median Figure of 154 Publicly-Listed REITs Companies | 33.11x |
| United States of America Market PE Ratio | Median Figure of 3,045 Publicly-Listed Companies | 16.97x |
* Trailing twelve months (TTM) annual GAAP earnings per share excluding extraordinary items.
** Primary Listing of CareTrust REIT.
| Calculation | Outcome | |
|---|---|---|
| PE Ratio | = NasdaqGS:CTRE Share Price ÷ EPS (both in USD) = 22.42 ÷ 0.73 |
30.92x |
Learn more about our ratios and growth rates in Simply Wall St’s analysis model >
- CareTrust REIT is good value based on earnings compared to the US REITs industry average.
- CareTrust REIT is overvalued based on earnings compared to the United States of America market.
Price based on expected Growth
Does
CareTrust REIT's expected growth come at a high price?
| Data Point | Source | Value |
|---|---|---|
| PE Ratio | See PE Ratio Section | 30.92x |
| Net Income Annual Growth Rate | See Future Growth Section. Line of Best Fit* through Consensus Estimate Earnings of 4 Analysts |
15.9%per year |
| United States of America REITs Industry PEG Ratio | Median Figure of 139 Publicly-Listed REITs Companies | 0.88x |
| United States of America Market PEG Ratio | Median Figure of 2,115 Publicly-Listed Companies | 1.36x |
*Line of best fit is calculated by linear regression .
| Calculation | Outcome | |
|---|---|---|
| PEG Ratio | = PE Ratio ÷ Net Income Annual Growth Rate = 30.92x ÷ 15.9% |
1.95x |
Learn more about our ratios and growth rates in Simply Wall St’s analysis model >
- CareTrust REIT is poor value based on expected growth next year.
Price based on value of assets
What value do investors place on
CareTrust REIT's
assets?
| Data Point | Source | Value |
|---|---|---|
| Book Value per Share | Company Filings (2018-12-31) in USD | $8.95 |
| NasdaqGS:CTRE Share Price * | NasdaqGS (2019-02-15) in USD | $22.42 |
| United States of America REITs Industry PB Ratio | Median Figure of 192 Publicly-Listed REITs Companies | 1.74x |
| United States of America Market PB Ratio | Median Figure of 5,122 Publicly-Listed Companies | 1.82x |
| Calculation | Outcome | |
|---|---|---|
| PB Ratio | = NasdaqGS:CTRE Share Price ÷ Book Value per Share (both in USD) = 22.42 ÷ 8.95 |
2.51x |
* Primary Listing of CareTrust REIT.
Learn more about our ratios and growth rates in Simply Wall St’s analysis model >
- CareTrust REIT is overvalued based on assets compared to the US REITs industry average.
Value checks
We assess CareTrust REIT's value by looking at:- Is the discounted cash flow value less than 20%, or 40% of the share price? (2 checks) ( Click here or on bar chart for details of DCF calculation. )
- Is the PE ratio less than the market average, and/ or less than the REITs industry average (and greater than 0)? (2 checks)
- Is the PEG ratio within a reasonable range (0 to 1)? (1 check)
- Is the PB ratio less than the REITs industry average (and greater than 0)? (1 check) CareTrust REIT has a total score of 2/6, see the detailed checks below.
Note: We use GAAP Earnings per Share in all our calculations including PE and PEG Ratio.
Full details on the Value part of the Simply Wall St company analysis model.
Future Performance
The future performance of a company is measured in the same way as past
performance, by looking at estimated
growth
and how much profit it is expected to make.Future estimates come from professional analysts. Just like forecasting the weather, they don’t always get it right!
Earnings growth vs Low Risk Savings
- CareTrust REIT's earnings growth is expected to exceed the low risk savings rate of 2.7%.
Growth vs Market Checks
- CareTrust REIT's earnings growth is expected to exceed the United States of America market average.
- CareTrust REIT's revenue growth is expected to exceed the United States of America market average.
Annual Growth Rates Comparison
| Data Point | Source | Value (per year) |
|---|---|---|
| NasdaqGS:CTRE Future Earnings Growth Rate | Line of Best Fit* through Consensus Estimate Earnings of 4 Analysts | 15.9% |
| NasdaqGS:CTRE Future Revenue Growth Rate | Line of Best Fit* through Consensus Estimate Revenue of 4 Analysts | 7.2% |
| United States of America REITs Industry Earnings Growth Rate | Market Cap Weighted Average | 1% |
| United States of America REITs Industry Revenue Growth Rate | Market Cap Weighted Average | 3.8% |
| United States of America Market Earnings Growth Rate | Market Cap Weighted Average | 13.3% |
| United States of America Market Revenue Growth Rate | Market Cap Weighted Average | 7.1% |
*Line of best fit is calculated by linear regression .
Industry and Market average data is calculated daily.
Learn more about our growth rate calculations in Simply Wall St’s analysis model.
Analysts growth expectations
| Data Point | Source | Value |
|---|---|---|
| Past Financials | Company Filings (1 month ago) | See Below |
| Future Estimates | Average of up to 4 Analyst Estimates (S&P Global) | See Below |
| Date (Data in USD Millions) | Revenue | Cash Flow | Net Income * | Avg. No. Analysts |
|---|---|---|---|---|
| 2020-12-31 | 181 | 80 | 4 | |
| 2019-12-31 | 173 | 72 | 4 |
| Date (Data in USD Millions) | Revenue | Cash Flow | Net Income * |
|---|---|---|---|
| 2018-12-31 | 157 | 99 | 58 |
| 2018-09-30 | 153 | 94 | 44 |
| 2018-06-30 | 147 | 86 | 41 |
| 2018-03-31 | 140 | 91 | 30 |
| 2017-12-31 | 133 | 89 | 26 |
| 2017-09-30 | 125 | 82 | 32 |
| 2017-06-30 | 119 | 81 | 28 |
| 2017-03-31 | 112 | 70 | 34 |
| 2016-12-31 | 105 | 64 | 29 |
| 2016-09-30 | 99 | 61 | 26 |
| 2016-06-30 | 90 | 53 | 19 |
| 2016-03-31 | 82 | 44 | 13 |
*GAAP earnings excluding extraordinary items.
Past and Future Earnings per Share
| Data Point | Source | Value |
|---|---|---|
| Past Financials | Company Filings (1 month ago) | See Below |
| Future Estimates | Average of up to 4 Analyst Estimates (S&P Global) | See Below |
All data from CareTrust REIT Company Filings, last reported 1 month ago, and in Trailing twelve months (TTM) annual period rather than quarterly.
| Date (Data in USD Millions) | EPS * | EPS High Estimate | EPS Low Estimate | Avg. No. Analysts |
|---|---|---|---|---|
| 2020-12-31 | 0.85 | 0.92 | 0.76 | 3.00 |
| 2019-12-31 | 0.80 | 0.83 | 0.78 | 3.00 |
| Date (Data in USD Millions) | EPS * |
|---|---|
| 2018-12-31 | 0.73 |
| 2018-09-30 | 0.57 |
| 2018-06-30 | 0.54 |
| 2018-03-31 | 0.40 |
| 2017-12-31 | 0.35 |
| 2017-09-30 | 0.46 |
| 2017-06-30 | 0.44 |
| 2017-03-31 | 0.56 |
| 2016-12-31 | 0.52 |
| 2016-09-30 | 0.49 |
| 2016-06-30 | 0.39 |
| 2016-03-31 | 0.32 |
*GAAP earnings excluding extraordinary items.
Performance in 3 years
In the same way as past performance we look at the future estimated return
(profit) compared to the available
funds. We do this looking forward 3 years.
- Unable to establish if CareTrust REIT will efficiently use shareholders’ funds in the future without estimates of Return on Equity.
Future performance checks
We assess CareTrust REIT's future performance by looking at:- Is the annual earnings growth rate expected to beat the low risk savings rate, plus a premium to keep pace with inflation?
- Is the annual earnings growth rate expected to beat the average growth rate in earnings of the United States of America market? (1 check)
- Is the annual revenue growth rate expected to beat the average growth rate in revenue of the United States of America market? (1 check)
- Is the annual earnings growth rate expected to be above 20%? (1 check)
- Is the annual revenue growth rate expected to be above 20%? (1 check)
- Is the Return on Equity in 3 years expected to be over 20%? (1 check)
CareTrust REIT has a total score of 3/6, see the detailed checks below.
Note 1: We use GAAP Net Income Excluding Exceptional Items for our Earnings in all our calculations.
Full details on the Future part of the Simply Wall St company analysis model.
Past Performance
How has CareTrust REIT performed over the past 5 years?
The past performance of a company can be measured by how much
growth
it has experienced and how much profit it makes relative to the funds and assets
it has available.
Past earnings growth
Past Earnings growth analysis
- CareTrust REIT has delivered over 20% year on year earnings growth in the past 5 years.
- CareTrust REIT's 1-year earnings growth exceeds its 5-year average (125.5% vs 57.4%)
- CareTrust REIT's earnings growth has exceeded the US REITs industry average in the past year (125.5% vs 17.3%).
Earnings and Revenue History
All data from CareTrust REIT Company Filings, last reported 1 month ago, and in Trailing twelve months (TTM) annual period rather than quarterly.
| Date (Data in USD Millions) | Revenue | Net Income * | G+A Expenses | R&D Expenses |
|---|---|---|---|---|
| 2018-12-31 | 156.94 | 57.56 | 12.56 | |
| 2018-09-30 | 153.18 | 44.28 | 12.33 | |
| 2018-06-30 | 146.62 | 41.08 | 12.30 | |
| 2018-03-31 | 140.48 | 29.82 | 11.92 | |
| 2017-12-31 | 132.98 | 25.52 | 11.12 | |
| 2017-09-30 | 124.63 | 31.68 | 11.00 | |
| 2017-06-30 | 118.79 | 28.23 | 10.22 | |
| 2017-03-31 | 111.66 | 33.85 | 9.46 | |
| 2016-12-31 | 104.68 | 29.09 | 9.30 | |
| 2016-09-30 | 99.07 | 25.69 | 8.94 | |
| 2016-06-30 | 89.95 | 18.55 | 8.95 | |
| 2016-03-31 | 81.62 | 13.17 | 8.33 | |
| 2015-12-31 | 74.95 | 9.75 | 7.66 | |
| 2015-09-30 | 68.40 | 5.45 | 7.84 | |
| 2015-06-30 | 66.30 | 6.78 | 6.34 | |
| 2015-03-31 | 62.98 | -5.74 | 10.76 | |
| 2014-12-31 | 58.90 | -8.14 | 11.11 | |
| 2014-09-30 | 55.67 | -9.96 | 11.24 | |
| 2014-06-30 | 52.34 | -12.20 | 12.29 | |
| 2014-03-31 | 50.33 | -1.36 | 7.01 | |
| 2013-12-31 | 48.80 | -0.40 | 5.44 | |
| 2013-09-30 | 46.95 | 0.99 | 3.36 | |
| 2013-06-30 | 45.03 | 1.26 | 1.96 | |
| 2013-03-31 | 43.19 | 0.72 | 1.68 | |
| 2012-12-31 | 42.06 | 0.11 | 1.79 |
*GAAP earnings excluding extraordinary items.
Performance last year
We want to ensure a company is making the most of what it has available. This is
done by comparing the return (profit) to a company's available
funds,
assets
and
capital.
- CareTrust REIT has not efficiently used shareholders’ funds last year (Return on Equity less than 20%).
- CareTrust REIT used its assets more efficiently than the US REITs industry average last year based on Return on Assets.
- CareTrust REIT has significantly improved its use of capital last year versus 3 years ago (Return on Capital Employed).
Past performance checks
We assess CareTrust REIT's performance over the past 5 years by checking for:- Has earnings increased in past 5 years? (1 check)
- Has the earnings growth in the last year exceeded that of the REITs industry? (1 check)
- Is the recent earnings growth over the last year higher than the average annual growth over the past 5 years? (1 check)
- Is the Return on Equity (ROE) higher than 20%? (1 check)
- Is the Return on Assets (ROA) above industry average? (1 check)
- Has the Return on Capital Employed (ROCE) increased from 3 years ago? (1 check)
CareTrust REIT has a total score of 5/6, see the detailed checks below.
Note: We use GAAP Net Income excluding extraordinary items in all our calculations.
Full details on the Past part of the Simply Wall St company analysis model.
Health
How is CareTrust REIT's financial health and their level of debt?
A company's financial position is much like your own financial position,
it includes everything you own
(assets)
and owe
(liabilities).The boxes below represent the relative size of what makes up CareTrust REIT's finances.
The net worth of a company is the difference between its assets and liabilities.
- CareTrust REIT is able to meet its short term (1 year) commitments with its holdings of cash and other short term assets.
- CareTrust REIT's long term commitments exceed its cash and other short term assets.
Balance sheet
Assets
Liabilities and shares
- High level of physical assets or inventory.
- Debt is not covered by short term assets, assets are 0.1x debt.
Historical Debt
Nearly all companies have debt. Debt in itself isn’t
bad,
however if the debt is too high, or the company can’t afford to pay the interest
on its debts this may have impacts in the future.The graphic below shows equity (available funds) and debt, we ideally want to see the red area (debt) decreasing.
If there is any debt we look at the companies capability to repay it, and whether the level has increased over the past 5 years.
All data from CareTrust REIT Company Filings, last reported 1 month ago.
| Date (Data in USD Millions) | Total Equity | Total Debt | Cash & Short Term Investments |
|---|---|---|---|
| 2018-12-31 | 768.25 | 489.77 | 36.79 |
| 2018-09-30 | 720.05 | 484.55 | 15.75 |
| 2018-06-30 | 638.74 | 544.34 | 11.56 |
| 2018-03-31 | 593.89 | 594.12 | 14.20 |
| 2017-12-31 | 594.62 | 558.91 | 6.91 |
| 2017-09-30 | 605.88 | 488.71 | 14.81 |
| 2017-06-30 | 607.98 | 393.51 | 35.07 |
| 2017-03-31 | 557.95 | 382.01 | 1.28 |
| 2016-12-31 | 452.43 | 449.72 | 7.50 |
| 2016-09-30 | 362.78 | 457.43 | 11.88 |
| 2016-06-30 | 361.85 | 422.14 | 9.64 |
| 2016-03-31 | 364.11 | 358.86 | 4.66 |
| 2015-12-31 | 262.29 | 393.91 | 11.47 |
| 2015-09-30 | 264.56 | 400.70 | 12.10 |
| 2015-06-30 | 108.29 | 391.85 | 29.90 |
| 2015-03-31 | 110.82 | 357.52 | 13.59 |
| 2014-12-31 | 113.46 | 350.77 | 25.32 |
| 2014-09-30 | 149.63 | 358.87 | 88.85 |
| 2014-06-30 | 147.66 | 359.50 | 80.35 |
| 2014-03-31 | 172.72 | 259.12 | 0.93 |
| 2013-12-31 | 162.69 | 261.14 | 0.90 |
| 2013-09-30 | 210.10 | 214.40 | 0.83 |
| 2013-06-30 | 208.05 | 216.12 | 0.78 |
| 2013-03-31 | 184.55 | 210.56 | 0.74 |
| 2012-12-31 | 184.55 | 210.56 | 0.74 |
- CareTrust REIT's level of debt (63.8%) compared to net worth is high (greater than 40%).
- The level of debt compared to net worth has been reduced over the past 5 years (160.4% vs 63.8% today).
- Debt is well covered by operating cash flow (20.3%, greater than 20% of total debt).
- Interest payments on debt are not well covered by earnings (EBIT is 3x annual interest expense, ideally 3x coverage).
Financial health checks
We assess CareTrust REIT's financial health by checking for:- Are short term assets greater than short term liabilities? (1 check)
- Are short term assets greater than long term liabilities? (1 check)
- Has the debt to equity ratio increased in the past 5 years? (1 check)
- Is the debt to equity ratio over 40%? (1 check)
- Is the debt covered by operating cash flow? (1 check)
- Are earnings greater than 5x the interest on debt (if company pays interest at all)? (1 check) CareTrust REIT has a total score of 3/6, see the detailed checks below.
- Does cash and short term investments cover stable operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)
- Does cash and short term investments cover growing operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)
Full details on the Health part of the Simply Wall St company analysis model.
Dividends
What is CareTrust REIT's current dividend yield, its reliability and sustainability?
Dividends are regular cash payments to you from the company, similar to a
bank paying you interest on a savings account.
Annual Dividend Income
If you bought
$2,000 of
CareTrust REIT
shares you are expected to receive
$73
in your first year as a dividend.
Dividend Amount
- CareTrust REIT's pays a higher dividend yield than the bottom 25% of dividend payers in United States of America (1.43%).
- CareTrust REIT's dividend is above the markets top 25% of dividend payers in United States of America (3.59%).
Annualized Historical and Future Dividends
It is important to see if the dividend for a company is stable, and not
wildly increasing/decreasing each year. This graph shows you the historical rate
to count toward your assessment of the stock.We also check to see if the dividend has increased in the past 10 years.
| Data Point | Source | Value |
|---|---|---|
| Past Annualized Dividend Yield | S&P Global Market Data | See Below |
| Past Dividends per Share | Company Filings/ Annualized Dividend Payments | See Below |
| Future Dividends per Share Estimates | Average of up to 4 Analyst Estimates (S&P Global) | See Below |
| United States of America REITs Industry Average Dividend Yield | Market Cap Weighted Average of 185 Stocks | 4% |
| United States of America Market Average Dividend Yield | Market Cap Weighted Average of 1998 Stocks | 2.5% |
| United States of America Minimum Threshold Dividend Yield | 10th Percentile | 0.8% |
| United States of America Bottom 25% Dividend Yield | 25th Percentile | 1.4% |
| United States of America Top 25% Dividend Yield | 75th Percentile | 3.6% |
Industry and Market average data is calculated daily.
Note all dividend per share amounts are annualized and not quarterly or other period.
| Date (Data in $) | Dividend per Share (annual) | Avg. No. Analysts |
|---|---|---|
| 2020-12-31 | 0.92 | 4.00 |
| 2019-12-31 | 0.87 | 2.00 |
| Date (Data in $) | Dividend per share (annual) | Avg. Yield (%) |
|---|---|---|
| 2018-12-17 | 0.820 | 4.050 |
| 2018-09-19 | 0.820 | 4.461 |
| 2018-06-18 | 0.820 | 4.689 |
| 2018-03-16 | 0.820 | 5.674 |
| 2017-12-18 | 0.740 | 4.862 |
| 2017-09-18 | 0.740 | 3.951 |
| 2017-08-02 | 0.740 | 3.910 |
| 2017-03-16 | 0.740 | 4.156 |
| 2016-12-19 | 0.680 | 4.422 |
| 2016-09-20 | 0.680 | 4.773 |
| 2016-06-20 | 0.680 | 4.704 |
| 2016-03-16 | 0.680 | 5.236 |
| 2015-12-16 | 0.640 | 5.890 |
| 2015-09-17 | 0.640 | 5.748 |
| 2015-06-19 | 0.640 | 5.232 |
| 2015-03-19 | 0.640 | 4.862 |
| 2014-10-27 | 0.500 | 3.695 |
Learn more about our ratios and growth rates in Simply Wall St’s analysis model >
- Whilst dividend payments have been stable, CareTrust REIT has been paying a dividend for less than 10 years.
- Dividend payments have increased, but CareTrust REIT only paid a dividend in the past 4 years.
Current Payout to shareholders
What portion of
CareTrust REIT's earnings are
paid
to the shareholders as a dividend.
- Dividends paid are covered by earnings (1.6x coverage).
- Dividends after 3 years are expected to be thoroughly covered by earnings (151.3x coverage).
Income/ dividend checks
We assess CareTrust REIT's dividend by checking for:- Firstly is the company paying a notable dividend (greater than 0.8%) - if not then the rest of the checks are ignored.
- Is current dividend yield above the bottom 25% of dividend payers? (1 check)
- Is current dividend yield above the top 25% of dividend payers? (1 check)
- Have they paid a dividend for 10 years, and during this period has the dividend been volatile (drop of more than 25%)? (1 check)
- If they have paid a dividend for 10 years has it increased in this time? (1 check)
- How sustainable is the dividend, can CareTrust REIT afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks) CareTrust REIT has a total score of 4/6, see the detailed checks below.
Full details on the Dividends part of the Simply Wall St company analysis model.
Management
CEO
| COMPENSATION | $3,144,206 |
| AGE | 58 |
| TENURE AS CEO | 6.1 years |
CEO Bio
Mr. Gregory K. Stapley, also known as Greg, has been the Chief Executive Officer and President at Caretrust REIT, Inc. since 2014 and has been Chairman of the Board since June 2014. Mr. Stapley has extensive management experience and knowledge of properties and knowledge and understanding of the healthcare business in general. He serves as the President and Chief Executive Officer at Tenth East Holdings LLC, Regal Road Health Holdings LLC, Falls City Health Holdings LLC, Arapahoe Health Holdings LLC, Flamingo Health Holdings LLC, Josey Ranch Healthcare Holdings LLC, Dallas Independence LLC, Willows Health Holdings LLC, Josey Ranch Healthcare Holdings LLC, South Dora Health Holdings LLC, Dixie Health Holdings LLC, Memorial Health Holdings LLC, Expressway Health Holdings LLC, Oleson Park Health Holdings LLC, Orem Health Holdings LLC, Stillhouse Health Holdings LLC, Snohomish Health Holdings LLC, Salt Lake Independence LLC, Rio Grande Health Holdings LLC, Big Sioux River Health Holdings LLC, 4th Street Holdings LLC, Jordan Health Properties LLC, Wayne Health Holdings LLC, Guadalupe Health Holdings LLC, Verde Villa Holdings LLC, Gazebo Park Health Holdings LLC, Jefferson Ralston Holdings LLC, Everglades Health Holdings LLC, Gillette Park Health Holdings LLC, Fig Street Health Holdings LLC, Ives Health Holdings LLC, Burley Healthcare Holdings LLC, Lowell Health Holdings LLC and Kings Court Health Holdings LLC. Mr. Stapley also serves as Chief Executive Officer and President at 49th Street Health Holdings LLC, Cottonwood Health Holdings LLC, Avenue N Holdings LLC, Queen City Health Holdings LLC, Boardwalk Health Holdings LLC, Expo Park Health Holdings LLC, San Corrine Health Holdings LLC, Mission CCRC LLC, Queensway Health Holdings LLC, 51st Avenue Health Holdings LLC and Irving Health Holdings LLC. He served as an Executive Vice President at The Ensign Group, Inc. since November 2, 2009 and its Secretary since January 2006. He served as General Counsel and Vice President at The Ensign Group, Inc. from 1999 to November 2, 2009. Mr. Stapley served as a General Counsel of the Sedgwick Companies, where he was responsible for all of that company's legal affairs, site acquisitions and developer relations. Prior to that, he was a Partner of the Phoenix law firm of Jennings, Strouss & Salmon PLC, where his practice emphasized real estate and business transactions and federal, state and local government relations.
CEO Compensation
- Greg's compensation has increased by more than 20% in the past year.
- Greg's remuneration is about average for companies of similar size in United States of America.
Management Team Tenure
Average tenure and age of the CareTrust REIT management team in years:
- The tenure for the CareTrust REIT management team is about average.
Management Team
Greg Stapley
Chairman
$3M
58
6.1 yrs
Bill Wagner
CFO, Treasurer & Secretary
$1M
52
5.2 yrs
Dave Sedgwick
Chief Operating Officer
$1M
42
4.8 yrs
Mark Lamb
Chief Investment Officer
4.6 yrs
Eric Gillis
Director of Asset Management
Board of Directors Tenure
Average tenure and age of the CareTrust REIT board of directors in years:
- The tenure for the CareTrust REIT board of directors is about average.
Board of Directors
Greg Stapley
Chairman
$3M
58
5.1 yrs
Jon Kline
Director
$130K
51
4.7 yrs
Allen Barbieri
Director
$120K
60
3.7 yrs
Spencer Plumb
Independent Director
$120K
43
2 yrs
Diana Laing
Director
63
0.1 yrs
Who owns this company?
Recent Insider Transactions
| Announced | Type | Name | Entity | Role | Start | End | Shares | Max Price ($) | Value ($) | |
|---|---|---|---|---|---|---|---|---|---|---|
Management checks
We assess CareTrust REIT's management by checking for:- Is the CEO's compensation unreasonable compared to market cap? (1 check)
- Has the CEO's compensation increased more than 20% whilst the EPS is down more then 20%? (1 check)
- Is the average tenure of the management team less than 2 years? (1 check)
- Is the average tenure of the board of directors team less than 3 years? (1 check) CareTrust REIT has a total score of 0/6, this is not included on the snowflake, see the detailed checks below.
Note: We use the top 6 management executives and board members in our calculations.
Note 2: Insider trading include any internal stakeholders and these transactions .
Full details on the Management part of the Simply Wall St company analysis model.
News
Simply Wall St News
What Kind Of Share Price Volatility Should You Expect For CareTrust REIT, Inc. (NASDAQ:CTRE)?
Beta is a widely used metric to measure a stock's exposure to market risk (volatility). … Before we go on, it's worth noting that Warren Buffett pointed out in his 2014 letter to shareholders that 'volatility is far from synonymous with risk.' Having said that, beta can still be rather useful. … Any stock with a beta of greater than one is considered more volatile than the market, while those with a beta below one are either less volatile or poorly correlated with the market.
Simply Wall St - – Full articleYou May Have Been Looking At CareTrust REIT, Inc. (NASDAQ:CTRE) All Wrong
real estate investment trust (REIT) based in San Clemente, United States. … They have to meet certain requirements in order to become a REIT, meaning they should be analyzed a different way? … A common financial term REIT investors should know is Funds from Operations, or FFO for short, which is a REIT's main source of income from its portfolio of property, such as rent
Simply Wall St - – Full articleDid CareTrust REIT Inc (NASDAQ:CTRE) Use Debt To Deliver Its ROE Of 6.2%?
To keep the lesson grounded in practicality, we'll use ROE to better understand CareTrust REIT Inc (NASDAQ:CTRE). … That means that for every $1 worth of shareholders' equity, it generated $0.062 in profit. … Return on Equity = Net Profit ÷ Shareholders' Equity
Simply Wall St - – Full articleWhen Should You Buy CareTrust REIT Inc (NASDAQ:CTRE)?
CareTrust REIT Inc (NASDAQ:CTRE), which is in the reits business, and is based in United States,. … As a stock with high coverage by analysts, you could assume any recent changes in the company’s outlook is already priced into the stock? … Let’s take a look at CareTrust REIT’s outlook and value based on the most recent financial data to see if the opportunity still exists
Simply Wall St - – Full articleDoes CareTrust REIT Inc's (NASDAQ:CTRE) November Stock Price Reflect Its Future Growth?
Growth expectations for CareTrust REIT Inc (NASDAQ:CTRE) are high, but many investors are starting to ask whether its last close at $17.54 can still be rationalized by the future potential. … View our latest analysis for CareTrust REIT? … If you are bullish about CareTrust REIT's growth potential then you are certainly not alone
Simply Wall St - – Full articleWill CareTrust REIT Inc (NASDAQ:CTRE) Continue To Underperform Its Industry?
This analysis is intended to introduce important early concepts to people who are starting to invest. … and want to start learning about core concepts of fundamental analysis on practical examples from today's market. … Check out our latest analysis for CareTrust REIT
Simply Wall St - – Full articleHow Should You Think About CareTrust REIT Inc's (NASDAQ:CTRE) Risks?
The other type of risk, which cannot be diversified away, is market risk. … Every stock in the market is exposed to this risk, which arises from macroeconomic factors such as economic growth and geo-political tussles just to name a few. … The most widely used metric to quantify a stock's market risk is beta, and the market as a whole represents a beta of one.
Simply Wall St - – Full articleInterested In CareTrust REIT Inc (NASDAQ:CTRE)’s Upcoming US$0.20 Dividend? You Have 2 Days Left
If you are interested in cashing in on CareTrust REIT Inc's (NASDAQ:CTRE) upcoming dividend of US$0.20 per share, you only have 2 days left to buy the shares before its ex-dividend date, 28 June 2018, in time for dividends payable on the 13 July 2018. … Investors looking for higher income-generating stocks to add to their portfolio should keep reading, as I take a deeper dive into CareTrust REIT's latest financial data to analyse its dividend attributes. … See our latest analysis for CareTrust REIT
Simply Wall St - – Full articleIs CareTrust REIT Inc (NASDAQ:CTRE) A Smart Choice For Dividend Investors?
Over the past 4 years, CareTrust REIT Inc (NASDAQ:CTRE) has returned an average of 5.00% per year to shareholders in terms of dividend yield. … View out our latest analysis for CareTrust REIT … How I analyze a dividend stock
Simply Wall St - – Full articleCareTrust REIT Inc (NASDAQ:CTRE): What Are The Future Prospects?
Below is my commentary, albeit very simple and high-level, on how market analysts view CareTrust REIT's earnings growth trajectory over the next couple of years and whether the future looks brighter. … View our latest analysis for CareTrust REIT Analysts' outlook for the upcoming year seems positive, with earnings growth more than doubling. … This means, we can anticipate CareTrust REIT will grow its earnings by 15.65% every year for the next couple of years.
Simply Wall St - – Full articleCompany Info
Map
Description
CareTrust REIT, Inc. is a self-administered, publicly-traded real estate investment trust engaged in the ownership, acquisition and leasing of seniors housing and healthcare-related properties. With 192 net-leased healthcare properties and three operated seniors housing properties in 27 states, CareTrust REIT is pursuing opportunities across the nation to acquire properties that will be leased to a diverse group of local, regional and national seniors housing operators, healthcare services providers, and other healthcare-related businesses.
Details
| Name: | CareTrust REIT, Inc. |
| CTRE | |
| Exchange: | NasdaqGS |
| Founded: | 2013 |
| $1,991,948,439 | |
| 88,846,942 | |
| Website: | http://www.caretrustreit.com |
| Address: |
CareTrust REIT, Inc. 905 Calle Amanecer, Suite 300, San Clemente, California, 92673, United States |
Listings
| Exchange Symbol | Ticker Symbol | Security | Exchange | Country | Currency | Listed on | |
|---|---|---|---|---|---|---|---|
| NasdaqGS | CTRE | New Common Stock | Nasdaq Global Select | US | USD | 20. May 2014 |
Number of employees
Current staff
Industry
| Health Care REITs | |
| Real Estate |
Company Analysis and Financial Data Status
| Area | Date (UTC time) |
|---|---|
| Company Analysis updated: | 2019/02/18 03:21 |
| End of day share price update: | 2019/02/15 00:00 |
| Last estimates confirmation: | 2019/02/15 |
| Last earnings filing: | 2019/02/13 |
| Last earnings reported: | 2018/12/31 |
| Last annual earnings reported: | 2018/12/31 |
All dates and times in UTC. All financial data provided by Standard & Poor’s Capital IQ.
Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.
