CareTrust REIT
Market Cap
US$2.3b
Last Updated
2019/10/18 00:37 UTC
Data Sources
Company Financials +
Executive Summary
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.
Snowflake
Fundamentals
Solid track record average dividend payer.
Similar Companies
Share Price & News
How has CareTrust REIT's share price performed over time and what events caused price changes?
Latest Share Price and Events
Market Performance
7 Day Return
1.2%
CTRE
-0.3%
US REITs
1.8%
US Market
1 Year Return
37.1%
CTRE
19.5%
US REITs
7.3%
US Market
Return vs Industry: CTRE exceeded the US REITs industry which returned 19.5% over the past year.
Return vs Market: CTRE exceeded the US Market which returned 7.3% over the past year.
Shareholder returns
| CTRE | Industry | Market | |
|---|---|---|---|
| 7 Day | 1.2% | -0.3% | 1.8% |
| 30 Day | 1.8% | 0.9% | -0.7% |
| 90 Day | 2.9% | 7.0% | 0.06% |
| 1 Year | 42.7%37.1% | 24.9%19.5% | 9.7%7.3% |
| 3 Year | 90.9%67.1% | 34.5%17.4% | 46.3%36.9% |
| 5 Year | 213.7%69.0% | 63.3%28.9% | 64.5%46.5% |
Price Volatility Vs. Market
How volatile is CareTrust REIT's share price compared to the market and industry in the last 5 years?
Simply Wall St News
2 weeks ago | Simply Wall St
How Good Is CareTrust REIT, Inc. (NASDAQ:CTRE), When It Comes To ROE?1 month ago | Simply Wall St
Should You Worry About CareTrust REIT, Inc.'s (NASDAQ:CTRE) CEO Pay?1 month ago | Simply Wall St
Should You Buy CareTrust REIT, Inc. (NASDAQ:CTRE) For Its Dividend?Valuation
Is CareTrust REIT undervalued compared to its fair value and its price relative to the market?
>50%
Undervalued compared to fair value
Share Price vs. Fair Value
Undervalued: CTRE ($23.84) is trading below our estimate of fair value ($60.57)
Significantly Undervalued: CTRE is trading below fair value by more than 20%.
Price To Earnings Ratio
PE vs Industry: CTRE is good value based on its PE Ratio (31.7x) compared to the REITs industry average (36.2x).
PE vs Market: CTRE is poor value based on its PE Ratio (31.7x) compared to the US market (17.7x).
Price to Earnings Growth Ratio
Low PEG Ratio: CTRE is poor value based on its PEG Ratio (1.9x)
Price to Book Ratio
PB vs Industry: CTRE is overvalued based on its PB Ratio (2.4x) compared to the US REITs industry average (2x).
Next Steps
Future Growth
How is CareTrust REIT forecast to perform in the next 1 to 3 years based on estimates from 5 analysts?
16.7%
Forecasted annual earnings growth
Earnings and Revenue Growth Forecasts
Analyst Future Growth Forecasts
Earnings vs Savings Rate: CTRE's forecast earnings growth (16.7% per year) is above the savings rate (2.7%).
Earnings vs Market: CTRE's earnings (16.7% per year) are forecast to grow faster than the US market (14.6% per year).
High Growth Earnings: CTRE's earnings are forecast to grow, but not significantly.
Revenue vs Market: CTRE's revenue (15.7% per year) is forecast to grow faster than the US market (7.3% per year).
High Growth Revenue: CTRE's revenue (15.7% per year) is forecast to grow slower than 20% per year.
Earnings per Share Growth Forecasts
Future Return on Equity
High Future ROE: Insufficient data to determine if CTRE's Return on Equity is forecast to be high in 3 years time
Next Steps
Past Performance
How has CareTrust REIT performed over the past 5 years?
53.4%
Historical annual earnings growth
Earnings and Revenue History
Past Earnings Growth Analysis
Earnings Trend: CTRE has become profitable over the past 5 years, growing earnings by 53.4% per year.
Accelerating Growth: CTRE's earnings growth over the past year (59.4%) exceeds its 5-year average (53.4% per year).
Earnings vs Industry: CTRE earnings growth over the past year (59.4%) exceeded the REITs industry 17.6%.
Return on Equity
High ROE: CTRE's Return on Equity (6.9%) is considered low.
Return on Assets
ROA vs Industry: CTRE has a higher Return on Assets than the REITs industry average last year.
Return on Capital Employed
ROCE Improving: CTRE has improved its Return on Capital Employed over the past 3 years.
Next Steps
Financial Health
How is CareTrust REIT's financial position? (This company is analysed differently as a bank or financial institution)
Financial Position Analysis
Debt to Equity History and Analysis
Balance Sheet
Inventory Level: CTRE has a high level of physical assets or inventory.
Debt Coverage by Assets: CTRE's debt is not covered by short term assets (assets are 0x debt).
Financial Institutions Analysis
Asset Level: CTRE's level of assets compared to its equity is low.
Allowance for Bad Loans: Insufficient data to determine if CTRE has a sufficient allowance for bad loans.
Low Risk Liabilities: CTRE reports no customer deposits, loans are made up entirely of externally borrowed funds.
Loan Level: Insufficient data to determine if CTRE has an acceptable proportion of non-loan assets held.
Low Risk Deposits: CTRE has advanced significantly more loans than the customer deposits it holds.
Level of Bad Loans: Insufficient data to determine if CTRE has an appropriate level of bad loans.
Next Steps
Dividend
What is CareTrust REIT's current dividend yield, its reliability and sustainability?
3.78%
Current Dividend Yield
Dividend Yield vs Market
Current dividend yield vs market & industry
Stability and Growth of Payments
Notable Dividend: CTRE's dividend (3.78%) is higher than the bottom 25% of dividend payers in the US market (1.45%).
High Dividend: CTRE's dividend (3.78%) is in the top 25% of dividend payers in the US market (3.72%)
Stable Dividend: Whilst dividend payments have been stable, CTRE has been paying a dividend for less than 10 years.
Growing Dividend: CTRE's dividend payments have increased, but the company has only paid a dividend for 5 years.
Current Payout to Shareholders
Dividend Coverage: With its reasonable payout ratio (70%), CTRE's dividend payments are covered by earnings.
Future Payout to Shareholders
Future Dividend Coverage: CTRE's dividends in 3 years are forecast to be thoroughly covered by earnings (0.5% payout ratio).
Next Steps
Management
What is the CEO of CareTrust REIT's salary, the management and board of directors tenure and is there insider trading?
5.6yrs
Average management tenure
CEO
Greg Stapley (59yo)
6.8yrs
Tenure
US$3,093,769
Compensation
Mr. Gregory K. Stapley, also known as Greg, has been the Chief Executive Officer and President at Caretrust REIT, Inc. since 2014 and has been Chairman of the Board since June 2014. Mr. Stapley has extensi ...
CEO Compensation Analysis
Compensation vs. Market: Greg's total compensation ($USD3.09M) is about average for companies of similar size in the US market ($USD4.07M).
Compensation vs Earnings: Greg's compensation has been consistent with company performance over the past year.
Management Age and Tenure
5.6yrs
Average Tenure
53yo
Average Age
Experienced Management: CTRE's management team is seasoned and experienced (5.6 years average tenure).
Board Age and Tenure
4.3yrs
Average Tenure
59yo
Average Age
Experienced Board: CTRE's board of directors are considered experienced (4.3 years average tenure).
Insider Trading
Insider Buying: Insufficient data to determine if insiders have bought more shares than they have sold in the past 3 months.
Ownership Breakdown
Management Team
Bill Wagner (53yo)
CFO, Treasurer & Secretary
- Tenure: 5.8yrs
- Compensation: US$1.46m
Greg Stapley (59yo)
Chairman
- Tenure: 6.8yrs
- Compensation: US$3.09m
Dave Sedgwick (43yo)
Chief Operating Officer
- Tenure: 5.4yrs
- Compensation: US$1.26m
Mark Lamb
Chief Investment Officer
- Tenure: 5.3yrs
- Compensation: US$1.26m
Eric Gillis
Director of Asset Management
- Tenure: 0yrs
Lauren Beale
Controller
- Tenure: 0yrs
Board Members
Diana Laing (64yo)
Director
- Tenure: 0.8yrs
Jon Kline (52yo)
Director
- Tenure: 5.3yrs
- Compensation: US$130.00k
Allen Barbieri (61yo)
Director
- Tenure: 4.3yrs
- Compensation: US$120.00k
Greg Stapley (59yo)
Chairman
- Tenure: 6.8yrs
- Compensation: US$3.09m
Spencer Plumb (44yo)
Director
- Tenure: 2.7yrs
- Compensation: US$120.00k
Company Information
CareTrust REIT, Inc.'s company bio, employee growth, exchange listings and data sources
Key Information
- Name: CareTrust REIT, Inc.
- Ticker: CTRE
- Exchange: NasdaqGS
- Founded: 2013
- Industry: Health Care REITs
- Sector: Real Estate
- Market Cap: US$2.278b
- Shares outstanding: 95.56m
- Website: https://www.caretrustreit.com
Number of Employees
Location
- CareTrust REIT, Inc.
- 905 Calle Amanecer
- Suite 300
- San Clemente
- California
- 92673
- United States
Listings
| Ticker | Exchange | Primary Security | Security Type | Country | Currency | Listed on |
|---|---|---|---|---|---|---|
| CTRE | NasdaqGS (Nasdaq Global Select) | Yes | New Common Stock | US | USD | May 2014 |
| 0A1C | LSE (London Stock Exchange) | Yes | New Common Stock | GB | EUR | May 2014 |
| 7XC | DB (Deutsche Boerse AG) | Yes | New Common Stock | DE | EUR | May 2014 |
Biography
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 213 ne ...
Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2019/10/18 00:37 |
| End of Day Share Price | 2019/10/17 00:00 |
| Earnings | 2019/06/30 |
| Annual Earnings | 2018/12/31 |
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.