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$21.35|
|52 Week High||US$24.89|
|52 Week Low||US$19.45|
|1 Month Change||-4.81%|
|3 Month Change||1.43%|
|1 Year Change||-7.21%|
|3 Year Change||0.95%|
|5 Year Change||38.64%|
|Change since IPO||22.07%|
Recent News & Updates
CareTrust REIT: Why This 5% Yielder Is A Great Value Buy
CareTrust REIT maintains a strong property portfolio with solid rent coverage metrics. It stands to benefit from favorable demographic tailwinds, and occupancy rates should continue to improve should staffing shortages subside. Meanwhile, it maintains a strong balance sheet and pays a well-covered and growing dividend.
CareTrust REIT: An Excellent Value Stock Currently Yielding 5.1%
CareTrust is a well-run REIT with a solid tenant base, and a long runway for growth. Its near-term headwinds should be transitory in nature, and its occupancy rate is trending in the right direction. Meanwhile, it maintains a strong balance sheet and pays a well-covered and growing dividend.
Here's Why We Think CareTrust REIT (NASDAQ:CTRE) Is Well Worth Watching
For beginners, it can seem like a good idea (and an exciting prospect) to buy a company that tells a good story to...
|CTRE||US REITs||US Market|
Return vs Industry: CTRE underperformed the US REITs industry which returned 24% over the past year.
Return vs Market: CTRE underperformed the US Market which returned 4.2% over the past year.
|CTRE Average Weekly Movement||4.8%|
|REITs Industry Average Movement||4.1%|
|Market Average Movement||6.7%|
|10% most volatile stocks in US Market||15.5%|
|10% least volatile stocks in US Market||2.4%|
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$3.33m|
Last Reported Earnings
Sep 30, 2021
Next Earnings Date
|Earnings per share (EPS)||0.77|
|Net Profit Margin||39.81%|
How did CTRE perform over the long term?See historical performance and comparison
5.0%Current Dividend Yield
Is CareTrust REIT undervalued compared to its fair value and its price relative to the market?
Undervalued compared to fair value
Share Price vs. Fair Value
Below Fair Value: CTRE ($21.35) is trading below our estimate of fair value ($62.09)
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 (27.9x) compared to the US REITs industry average (43.7x).
PE vs Market: CTRE is poor value based on its PE Ratio (27.9x) compared to the US market (16.5x).
Price to Earnings Growth Ratio
PEG Ratio: CTRE is poor value based on its PEG Ratio (2.3x)
Price to Book Ratio
PB vs Industry: CTRE is overvalued based on its PB Ratio (2.3x) compared to the US REITs industry average (2x).
How is CareTrust REIT forecast to perform in the next 1 to 3 years based on estimates from 6 analysts?
Forecasted annual earnings growth
Earnings and Revenue Growth Forecasts
Analyst Future Growth Forecasts
Earnings vs Savings Rate: CTRE's forecast earnings growth (12% per year) is above the savings rate (2%).
Earnings vs Market: CTRE's earnings (12% per year) are forecast to grow slower than the US market (13% per year).
High Growth Earnings: CTRE's earnings are forecast to grow, but not significantly.
Revenue vs Market: CTRE's revenue (7.8% per year) is forecast to grow slower than the US market (9.1% per year).
High Growth Revenue: CTRE's revenue (7.8% 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?
Historical annual earnings growth
Earnings and Revenue History
Quality Earnings: CTRE has high quality earnings.
Growing Profit Margin: CTRE's current net profit margins (39.8%) are lower than last year (44.9%).
Past Earnings Growth Analysis
Earnings Trend: CTRE's earnings have grown significantly by 23% 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 (-7.3%) over the past year, making it difficult to compare to the REITs industry average (30.5%).
Return on Equity
High ROE: CTRE's Return on Equity (8.1%) is considered low.
How is CareTrust REIT's financial position?
Financial Position Analysis
Short Term Liabilities: CTRE's short term assets ($36.8M) do not cover its short term liabilities ($49.6M).
Long Term Liabilities: CTRE's short term assets ($36.8M) do not cover its long term liabilities ($676.5M).
Debt to Equity History and Analysis
Debt Level: CTRE's net debt to equity ratio (71.4%) is considered high.
Reducing Debt: CTRE's debt to equity ratio has reduced from 125.7% to 73.4% over the past 5 years.
Debt Coverage: CTRE's debt is well covered by operating cash flow (23.1%).
Interest Coverage: CTRE's interest payments on its debt are well covered by EBIT (4.6x coverage).
What is CareTrust REIT current dividend yield, its reliability and sustainability?
Current Dividend Yield
Dividend Yield vs Market
Notable Dividend: CTRE's dividend (4.96%) is higher than the bottom 25% of dividend payers in the US market (1.37%).
High Dividend: CTRE's dividend (4.96%) is in the top 25% of dividend payers in the US market (3.6%)
Stability and Growth of Payments
Stable Dividend: Whilst dividend payments have been stable, CTRE has been paying a dividend for less than 10 years.
Growing Dividend: CTRE's dividend payments have increased, but the company has only paid a dividend for 7 years.
Current Payout to Shareholders
Dividend Coverage: With its reasonable payout ratio (74.1%), CTRE's dividend payments are covered by earnings.
Future Payout to Shareholders
Future Dividend Coverage: CTRE's dividends in 3 years are forecast to be covered by earnings (69.9% payout ratio).
How experienced are the management team and are they aligned to shareholders interests?
Average management tenure
Dave Sedgwick (45 yo)
Mr. David M. Sedgwick, also known as Dave, has been Chief Executive Officer of CareTrust REIT, Inc. since January 1, 2022 and was its Chief Operating Officer since August 1, 2018 until January 1, 2022 and...
CEO Compensation Analysis
Compensation vs Market: Dave's total compensation ($USD1.64M) is below average for companies of similar size in the US market ($USD3.74M).
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 seasoned and experienced (7.3 years average tenure).
Experienced Board: CTRE's board of directors are considered experienced (6.6 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$2.072b
- 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||2022/01/23 23:07|
|End of Day Share Price||2022/01/21 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.