CareTrust REIT
Market Cap
US$2.3b
Last Updated
2021/04/20 23:33 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, development and leasing of skilled nursing, seniors housing and other healthcare-related properties. More Details
Rewards
Risk Analysis
Snowflake Analysis
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
Stable Share Price: CTRE is less volatile than 75% of US stocks over the past 3 months, typically moving +/- 4% a week.
Volatility Over Time: CTRE's weekly volatility (4%) has been stable over the past year.
Market Performance
7 Day Return
0.3%
CTRE
2.4%
US REITs
-0.8%
US Market
1 Year Return
54.3%
CTRE
35.2%
US REITs
58.4%
US Market
Return vs Industry: CTRE exceeded the US REITs industry which returned 31.7% over the past year.
Return vs Market: CTRE matched the US Market which returned 55% over the past year.
Shareholder returns
| CTRE | Industry | Market | |
|---|---|---|---|
| 7 Day | 0.3% | 2.4% | -0.8% |
| 30 Day | 0.6% | 7.7% | 3.1% |
| 90 Day | 5.8% | 13.1% | 4.2% |
| 1 Year | 62.3%54.3% | 40.8%35.2% | 61.1%58.4% |
| 3 Year | 114.7%86.3% | 47.4%29.6% | 66.0%55.4% |
| 5 Year | 132.2%83.4% | 53.2%22.2% | 120.8%96.1% |
Long-Term 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
1 week ago | Simply Wall St
Has CareTrust REIT, Inc.'s (NASDAQ:CTRE) Impressive Stock Performance Got Anything to Do With Its Fundamentals?1 month ago | Simply Wall St
Is CareTrust REIT, Inc. (NASDAQ:CTRE) Popular Amongst Institutions?2 months ago | Simply Wall St
Here's Why I Think CareTrust REIT (NASDAQ:CTRE) Is An Interesting StockValuation
Is CareTrust REIT undervalued compared to its fair value and its price relative to the market?
46.3%
Undervalued compared to fair value
Share Price vs. Fair Value
Below Fair Value: CTRE ($23.99) is trading below our estimate of fair value ($44.7)
Significantly Below Fair Value: 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 (28.3x) compared to the US REITs industry average (46.6x).
PE vs Market: CTRE is poor value based on its PE Ratio (28.3x) compared to the US market (22.3x).
Price to Earnings Growth Ratio
PEG Ratio: CTRE is poor value based on its PEG Ratio (3.7x)
Price to Book Ratio
PB vs Industry: CTRE is overvalued based on its PB Ratio (2.5x) compared to the US REITs industry average (1.8x).
Future Growth
How is CareTrust REIT forecast to perform in the next 1 to 3 years based on estimates from 5 analysts?
7.6%
Forecasted annual earnings growth
Earnings and Revenue Growth Forecasts
Analyst Future Growth Forecasts
Earnings vs Savings Rate: CTRE's forecast earnings growth (7.6% per year) is above the savings rate (2%).
Earnings vs Market: CTRE's earnings (7.6% per year) are forecast to grow slower than the US market (17.8% per year).
High Growth Earnings: CTRE's earnings are forecast to grow, but not significantly.
Revenue vs Market: CTRE's revenue (6.6% per year) is forecast to grow slower than the US market (9.7% per year).
High Growth Revenue: CTRE's revenue (6.6% 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
Past Performance
How has CareTrust REIT performed over the past 5 years?
27.5%
Historical annual earnings growth
Earnings and Revenue History
Quality Earnings: CTRE has high quality earnings.
Growing Profit Margin: CTRE's current net profit margins (45.2%) are higher than last year (28.2%).
Past Earnings Growth Analysis
Earnings Trend: CTRE's earnings have grown significantly by 27.5% per year over the past 5 years.
Accelerating Growth: CTRE's earnings growth over the past year (74.8%) exceeds its 5-year average (27.5% per year).
Earnings vs Industry: CTRE earnings growth over the past year (74.8%) exceeded the REITs industry -4.4%.
Return on Equity
High ROE: CTRE's Return on Equity (8.8%) is considered low.
Financial Health
How is CareTrust REIT's financial position?
Financial Position Analysis
Short Term Liabilities: CTRE's short term assets ($38.4M) do not cover its short term liabilities ($43.8M).
Long Term Liabilities: CTRE's short term assets ($38.4M) do not cover its long term liabilities ($545.6M).
Debt to Equity History and Analysis
Debt Level: CTRE's debt to equity ratio (59.7%) is considered high.
Reducing Debt: CTRE's debt to equity ratio has reduced from 148.6% to 59.7% over the past 5 years.
Debt Coverage: CTRE's debt is well covered by operating cash flow (26.7%).
Interest Coverage: CTRE's interest payments on its debt are well covered by EBIT (4.4x coverage).
Balance Sheet
Dividend
What is CareTrust REIT current dividend yield, its reliability and sustainability?
4.42%
Current Dividend Yield
Dividend Yield vs Market
Notable Dividend: CTRE's dividend (4.42%) is higher than the bottom 25% of dividend payers in the US market (1.24%).
High Dividend: CTRE's dividend (4.42%) is in the top 25% of dividend payers in the US market (3.48%)
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 6 years.
Current Payout to Shareholders
Dividend Coverage: With its reasonable payout ratio (69.7%), 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 covered by earnings (74.4% payout ratio).
Next Steps
Management
How experienced are the management team and are they aligned to shareholders interests?
6.7yrs
Average management tenure
CEO
Greg Stapley (60 yo)
8.25yrs
Tenure
US$3,709,949
Compensation
Mr. Gregory K. Stapley, also known as Greg, J.D., has been the Chief Executive Officer at Caretrust REIT, Inc. since 2014 and has been Chairman of the Board since June 2014. He served as President at Caret...
CEO Compensation Analysis
Compensation vs Market: Greg's total compensation ($USD3.71M) is about average for companies of similar size in the US market ($USD3.71M).
Compensation vs Earnings: Greg's compensation has been consistent with company performance over the past year.
Leadership Team
Experienced Management: CTRE's management team is seasoned and experienced (6.7 years average tenure).
Board Members
Experienced Board: CTRE's board of directors are considered experienced (5.8 years average tenure).
Ownership
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.
Ownership Breakdown
Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.
Top Shareholders
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$2.304b
- Shares outstanding: 96.02m
- Website: https://www.caretrustreit.com
Number of Employees
Location
- CareTrust REIT, Inc.
- 905 Calle Amanecer
- Suite 300
- San Clemente
- California
- 92673
- United States
Listings
Biography
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 health...
Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2021/04/20 23:33 |
| End of Day Share Price | 2021/04/20 00:00 |
| Earnings | 2020/12/31 |
| Annual Earnings | 2020/12/31 |
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.