CTRE Stock Overview
CareTrust REIT, Inc. is a self-administered, publicly-traded real estate investment trust engaged in the ownership, acquisition, development and leasing of skilled nursing, seniors housing and other healthcare-related properties.
CareTrust REIT Competitors
Price History & Performance
|Historical stock prices|
|Current Share Price||US$17.16|
|52 Week High||US$24.58|
|52 Week Low||US$15.90|
|1 Month Change||-2.05%|
|3 Month Change||-11.18%|
|1 Year Change||-24.34%|
|3 Year Change||-32.20%|
|5 Year Change||-6.94%|
|Change since IPO||-1.89%|
Recent News & Updates
CareTrust REIT: Worsening Labor Shortage But Improving Occupancy
CareTrust REIT sports a low valuation, but its skilled nursing tenant-operators are facing huge challenges, which has eroded rent coverage for CTRE's properties. The nursing care industry has lost some 240,000 employees over the last few years, and total employment in this industry has not been this low since 1994. President Biden's proposed minimum staffing requirement, if enacted, would severely exacerbate the problem. Fortunately, occupancy is slowly rising at nursing homes. CTRE is the best-in-class skilled nursing REIT.
|CTRE||US REITs||US Market|
Return vs Industry: CTRE underperformed the US REITs industry which returned 0.7% over the past year.
Return vs Market: CTRE underperformed the US Market which returned -10.4% over the past year.
|CTRE Average Weekly Movement||4.8%|
|REITs Industry Average Movement||4.3%|
|Market Average Movement||7.8%|
|10% most volatile stocks in US Market||16.7%|
|10% least volatile stocks in US Market||2.8%|
Stable Share Price: CTRE is not significantly more volatile than the rest of US stocks over the past 3 months, typically moving +/- 5% a week.
Volatility Over Time: CTRE's weekly volatility (5%) has been stable over the past year.
About the Company
CareTrust REIT, Inc. is a self-administered, publicly-traded real estate investment trust engaged in the ownership, acquisition, development and leasing of skilled nursing, seniors housing and other healthcare-related properties. With a nationwide portfolio of long-term net-leased properties, and a growing portfolio of quality operators leasing them, CareTrust REIT is pursuing both external and organic growth opportunities across the United States.
CareTrust REIT Fundamentals Summary
|CTRE fundamental statistics|
Is CTRE overvalued?See Fair Value and valuation analysis
Earnings & Revenue
|CTRE income statement (TTM)|
|Cost of Revenue||US$8.59m|
Last Reported Earnings
Mar 31, 2022
Next Earnings Date
|Earnings per share (EPS)||0.08|
|Net Profit Margin||4.00%|
How did CTRE perform over the long term?See historical performance and comparison
6.4%Current Dividend Yield
Is CareTrust REIT undervalued compared to its fair value and its price relative to the market?
Valuation Score 2/6
Below Fair Value
Significantly Below Fair Value
PE vs Industry
PE vs Market
PB vs Industry
Undervalued compared to fair value
Share Price vs. Fair Value
Below Fair Value: CTRE ($17.16) is trading below our estimate of fair value ($58.19)
Significantly Below Fair Value: CTRE is trading below fair value by more than 20%.
Price To Earnings Ratio
PE vs Industry: CTRE is poor value based on its PE Ratio (215.5x) compared to the US REITs industry average (33.9x).
PE vs Market: CTRE is poor value based on its PE Ratio (215.5x) compared to the US market (15.5x).
Price to Earnings Growth Ratio
PEG Ratio: CTRE is poor value based on its PEG Ratio (11.3x)
Price to Book Ratio
PB vs Industry: CTRE is overvalued based on its PB Ratio (2x) compared to the US REITs industry average (1.7x).
How is CareTrust REIT forecast to perform in the next 1 to 3 years based on estimates from 4 analysts?
Future Growth Score2/6
Future Growth Score 2/6
Earnings vs Savings Rate
Earnings vs Market
High Growth Earnings
Revenue vs Market
High Growth Revenue
Forecasted annual earnings growth
Earnings and Revenue Growth Forecasts
Analyst Future Growth Forecasts
Earnings vs Savings Rate: CTRE's forecast earnings growth (19.1% per year) is above the savings rate (1.9%).
Earnings vs Market: CTRE's earnings (19.1% per year) are forecast to grow faster than the US market (12.6% per year).
High Growth Earnings: CTRE's earnings are forecast to grow, but not significantly.
Revenue vs Market: CTRE's revenue (7.3% per year) is forecast to grow slower than the US market (8% per year).
High Growth Revenue: CTRE's revenue (7.3% per year) is forecast to grow slower than 20% per year.
Earnings per Share Growth Forecasts
Future Return on Equity
Future ROE: Insufficient data to determine if CTRE's Return on Equity is forecast to be high in 3 years time
How has CareTrust REIT performed over the past 5 years?
Past Performance Score1/6
Past Performance Score 1/6
Growing Profit Margin
Earnings vs Industry
Historical annual earnings growth
Earnings and Revenue History
Quality Earnings: CTRE has a large one-off loss of $70.2M impacting its March 31 2022 financial results.
Growing Profit Margin: CTRE's current net profit margins (4%) are lower than last year (45.4%).
Past Earnings Growth Analysis
Earnings Trend: CTRE's earnings have grown by 14.8% per year over the past 5 years.
Accelerating Growth: CTRE's has had negative earnings growth over the past year, so it can't be compared to its 5-year average.
Earnings vs Industry: CTRE had negative earnings growth (-90.5%) over the past year, making it difficult to compare to the REITs industry average (69.5%).
Return on Equity
High ROE: CTRE's Return on Equity (1%) is considered low.
How is CareTrust REIT's financial position?
Financial Health Score3/6
Financial Health Score 3/6
Short Term Liabilities
Long Term Liabilities
Financial Position Analysis
Short Term Liabilities: CTRE's short term assets ($175.1M) exceed its short term liabilities ($50.7M).
Long Term Liabilities: CTRE's short term assets ($175.1M) do not cover its long term liabilities ($698.7M).
Debt to Equity History and Analysis
Debt Level: CTRE's net debt to equity ratio (79.6%) is considered high.
Reducing Debt: CTRE's debt to equity ratio has increased from 68.4% to 82.7% over the past 5 years.
Debt Coverage: CTRE's debt is well covered by operating cash flow (22.5%).
Interest Coverage: CTRE's interest payments on its debt are well covered by EBIT (4.3x coverage).
What is CareTrust REIT current dividend yield, its reliability and sustainability?
Dividend Score 4/6
Future Dividend Coverage
Current Dividend Yield
Dividend Yield vs Market
Notable Dividend: CTRE's dividend (6.41%) is higher than the bottom 25% of dividend payers in the US market (1.54%).
High Dividend: CTRE's dividend (6.41%) is in the top 25% of dividend payers in the US market (4.05%)
Stability and Growth of Payments
Stable Dividend: Whilst dividend payments have been stable, CTRE has been paying a dividend for less than 10 years.
Growing Dividend: CTRE's dividend payments have increased, but the company has only paid a dividend for 8 years.
Earnings Payout to Shareholders
Earnings Coverage: At its current payout ratio (77%), CTRE's payments are covered by earnings.
Cash Payout to Shareholders
Cash Flow Coverage: With its reasonable cash payout ratio (67.8%), CTRE's dividend payments are covered by cash flows.
How experienced are the management team and are they aligned to shareholders interests?
Average management tenure
Dave Sedgwick (45 yo)
Mr. David M. Sedgwick, also known as Dave, has been Chief Executive Officer of CareTrust REIT, Inc. since January 1, 2022 and was its Chief Operating Officer since August 1, 2018 until January 1, 2022 and...
CEO Compensation Analysis
Compensation vs Market: Dave's total compensation ($USD4.55M) is about average for companies of similar size in the US market ($USD5.45M).
Compensation vs Earnings: Dave's compensation has increased by more than 20% whilst company earnings have fallen more than 20% in the past year.
Experienced Management: CTRE's management team is considered experienced (4.5 years average tenure).
Experienced Board: CTRE's board of directors are considered experienced (4.3 years average tenure).
Who are the major shareholders and have insiders been buying or selling?
Insider Trading Volume
Insider Buying: Insufficient data to determine if insiders have bought more shares than they have sold in the past 3 months.
Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.
CareTrust REIT, Inc.'s employee growth, exchange listings and data sources
- Name: CareTrust REIT, Inc.
- Ticker: CTRE
- Exchange: NasdaqGS
- Founded: 2013
- Industry: Health Care REITs
- Sector: Real Estate
- Implied Market Cap: US$1.665b
- Shares outstanding: 97.03m
- Website: https://www.caretrustreit.com
Number of Employees
- CareTrust REIT, Inc.
- 905 Calle Amanecer
- Suite 300
- San Clemente
- United States
Company Analysis and Financial Data Status
|Data||Last Updated (UTC time)|
|Company Analysis||2022/05/15 00:00|
|End of Day Share Price||2022/05/13 00:00|
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.