CareTrust REIT Future Growth

Future criteria checks 4/6

CareTrust REIT is forecast to grow earnings and revenue by 45.5% and 17% per annum respectively. EPS is expected to grow by 23.6% per annum. Return on equity is forecast to be 8.7% in 3 years.

Key information

45.5%

Earnings growth rate

23.6%

EPS growth rate

Health Care REITs earnings growth	22.9%
Revenue growth rate	17.0%
Future return on equity	8.7%
Analyst coverage	Low
Last updated	10 Nov 2024

Recent future growth updates

Recent updates

CareTrust REIT: Solid Operational Performance, But I Don't Like The Capital Structure

Jun 21

CareTrust REIT: This Near 5% Yielding Healthcare REIT Is A Great Long-Term Buy For Dividend Investors

Apr 06

CareTrust REIT: Fat, Stable Yield With Upside

Feb 05

CareTrust: High-Quality Business Attractively Valued

Nov 25

Medical Properties Trust Vs. CareTrust REIT: One On The Rise, The Other In Decline

Sep 21

CareTrust REIT: A Safer Alternative To Omega Healthcare Investors

Sep 14

CareTrust REIT: Thesis Update After Q2 Results, Hold For Now

Aug 18

CareTrust REIT: Decent Yield And Attractive Risk Profile

Jun 14

CareTrust REIT: Opportunistic Capital Structure At The Right Moment

Jun 05

CareTrust REIT: The Best Real Estate Investment In Senior Care

Feb 11

CareTrust REIT declares $0.275 dividend

Dec 16

CareTrust REIT: Earn A Solid 5.5% Yield From This Sturdy REIT

Sep 21

CareTrust REIT declares $0.275 dividend

Sep 15

CareTrust REIT extends secured loan on California skilled nursing facilities

Aug 02

Earnings and Revenue Growth Forecasts

NYSE:CTRE - Analysts future estimates and past financials data (USD Millions)
Date	Revenue	Earnings	Free Cash Flow	Cash from Op	Avg. No. Analysts
12/31/2026	367	271	N/A	N/A	2
12/31/2025	339	233	N/A	N/A	4
12/31/2024	257	128	N/A	N/A	4
9/30/2024	269	99	217	212	N/A
6/30/2024	248	74	195	190	N/A
3/31/2024	230	63	170	168	N/A
12/31/2023	218	53	155	155	N/A
9/30/2023	210	41	142	146	N/A
6/30/2023	204	33	140	143	N/A
3/31/2023	200	55	145	145	N/A
12/31/2022	196	-8	144	144	N/A
9/30/2022	194	-4	144	149	N/A
6/30/2022	192	7	151	155	N/A
3/31/2022	193	8	156	158	N/A
12/31/2021	192	71	157	157	N/A
9/30/2021	187	74	162	156	N/A
6/30/2021	184	84	155	148	N/A
3/31/2021	180	82	146	143	N/A
12/31/2020	178	81	146	146	N/A
9/30/2020	178	80	130	140	N/A
6/30/2020	166	49	123	132	N/A
3/31/2020	168	49	126	133	N/A
12/31/2019	163	46	126	126	N/A
9/30/2019	160	41	119	122	N/A
6/30/2019	166	65	115	119	N/A
3/31/2019	158	59	104	107	N/A
12/31/2018	157	58	90	99	N/A
9/30/2018	153	44	93	94	N/A
6/30/2018	147	41	N/A	86	N/A
3/31/2018	140	30	N/A	91	N/A
12/31/2017	133	26	N/A	89	N/A
9/30/2017	125	32	N/A	82	N/A
6/30/2017	119	28	N/A	81	N/A
3/31/2017	112	34	N/A	70	N/A
12/31/2016	105	29	N/A	64	N/A
9/30/2016	99	26	N/A	61	N/A
6/30/2016	90	19	N/A	53	N/A
3/31/2016	82	13	N/A	44	N/A
12/31/2015	75	10	N/A	40	N/A
9/30/2015	68	5	N/A	34	N/A
6/30/2015	66	7	N/A	30	N/A
3/31/2015	63	-6	N/A	29	N/A
12/31/2014	59	-8	N/A	22	N/A
9/30/2014	56	-10	N/A	22	N/A
6/30/2014	52	-12	N/A	21	N/A
3/31/2014	50	-1	N/A	24	N/A
12/31/2013	49	0	N/A	27	N/A

Analyst Future Growth Forecasts

Earnings vs Savings Rate: CTRE's forecast earnings growth (45.5% per year) is above the savings rate (2.6%).

Earnings vs Market: CTRE's earnings (45.5% per year) are forecast to grow faster than the US market (15.4% per year).

High Growth Earnings: CTRE's earnings are expected to grow significantly over the next 3 years.

Revenue vs Market: CTRE's revenue (17% per year) is forecast to grow faster than the US market (9% per year).

High Growth Revenue: CTRE's revenue (17% per year) is forecast to grow slower than 20% per year.

Earnings per Share Growth Forecasts

Future Return on Equity

Future ROE: CTRE's Return on Equity is forecast to be low in 3 years time (8.7%).

CareTrust REIT Future Growth

Future criteria checks 4/6

Key information

Recent future growth updates

Consensus revenue estimates fall by 13%

Consensus revenue estimates increase by 15%

Price target increased by 7.1% to US$30.33

Consensus revenue estimates decrease by 12%

Consensus EPS estimates fall by 13%

CareTrust REIT, Inc. Provides Earning Guidance for 2024

Recent updates

Consensus revenue estimates fall by 13%

Consensus revenue estimates increase by 15%

Now 21% undervalued

New major risk - Dividend sustainability

CareTrust REIT, Inc. has completed a Follow-on Equity Offering in the amount of $441.6 million.

CareTrust REIT, Inc. (NYSE:CTRE) agreed to acquire Portfolio of Skilled Nursing Facilities in Tennessee and Alabama from American Health Companies, LLC for approximately $500 million.

CareTrust REIT, Inc. (NYSE:CTRE) and unknown buyer entered into an agreement to acquire Thirty-one skilled nursing facilities for $500 million.

CareTrust REIT, Inc. to Report Q3, 2024 Results on Oct 29, 2024

Price target increased by 7.1% to US$30.33

CareTrust REIT: Looking For Healthcare Exposure? You Should Consider This REIT

Second quarter dividend of US$0.29 announced

CareTrust REIT, Inc. Announces Quarterly Cash Dividend, Payable on or About October 15, 2024

CareTrust REIT Surges: Riding High On Skilled Nursing Strength

CFO & Treasurer recently sold US$1.0m worth of stock

CareTrust REIT, Inc. (NYSE:CTRE) acquired 125 bed skilled nursing facility in the Mid-Atlantic for $37.7 million.

Consensus revenue estimates decrease by 12%

Consensus EPS estimates fall by 13%

New major risk - Shareholder dilution

Second quarter 2024 earnings: Revenues exceed analysts expectations while EPS lags behind

CareTrust REIT, Inc. to Report Q2, 2024 Results on Aug 01, 2024

CareTrust REIT: A Growing REIT That Deserves A Spot In Your Portfolio

CareTrust REIT: Solid Operational Performance, But I Don't Like The Capital Structure

First quarter dividend of US$0.29 announced

CareTrust REIT, Inc. Announces Quarterly Dividend, Payable on June 28, 2024

CareTrust REIT, Inc. has completed a Follow-on Equity Offering in the amount of $500 million.

First quarter 2024 earnings: Revenues exceed analysts expectations while EPS lags behind

CareTrust REIT, Inc. to Report Q1, 2024 Results on May 02, 2024

CareTrust REIT: This Near 5% Yielding Healthcare REIT Is A Great Long-Term Buy For Dividend Investors

New major risk - Dividend sustainability

Fourth quarter dividend increased to US$0.29

CareTrust REIT, Inc. Announces Quarterly Dividend, Payable on April 15, 2024

CareTrust REIT, Inc., Annual General Meeting, Apr 25, 2024

Full year 2023 earnings: Revenues exceed analysts expectations while EPS lags behind

CareTrust REIT, Inc. Provides Earning Guidance for 2024

CareTrust REIT: Fat, Stable Yield With Upside

CareTrust REIT, Inc. to Report Q4, 2023 Results on Feb 08, 2024

CareTrust REIT, Inc. Announces Quarterly Dividend, Payable on or About January 12, 2024

CareTrust: High-Quality Business Attractively Valued

CareTrust REIT, Inc. Reports Impairment of Real Estate Investments for the Third Quarter Ended September 30, 2023

Third quarter 2023 earnings: Revenues exceed analysts expectations while EPS lags behind

CareTrust REIT, Inc. to Report Q3, 2023 Results on Nov 09, 2023

Now 22% undervalued

Medical Properties Trust Vs. CareTrust REIT: One On The Rise, The Other In Decline

Upcoming dividend of US$0.28 per share at 5.5% yield

CareTrust REIT, Inc. Announces Quarterly Dividend, Payable on September 29, 2023

CareTrust REIT: A Safer Alternative To Omega Healthcare Investors

CareTrust REIT, Inc. (NYSE:CTRE) and a third-party regional healthcare real estate investor acquired La Fuente Post Acute.

CareTrust REIT: Thesis Update After Q2 Results, Hold For Now

Consensus EPS estimates fall by 25%

Second quarter 2023 earnings: Revenues exceed analysts expectations while EPS lags behind

CareTrust REIT, Inc. to Report Q2, 2023 Results on Aug 03, 2023

CareTrust REIT, Inc. Declares Quarterly Common Stock Cash Dividend, Payable on or About July 14, 2023

CareTrust REIT: Decent Yield And Attractive Risk Profile

CareTrust REIT: Opportunistic Capital Structure At The Right Moment

CareTrust REIT, Inc. (NYSE:CTRE) acquired two memory care facilities in Ohio and Michigan.

First quarter 2023 earnings released: EPS: US$0.19 (vs US$0.45 loss in 1Q 2022)

CareTrust REIT, Inc. Increase Quarterly Dividend

CareTrust REIT, Inc. to Report Q1, 2023 Results on May 10, 2023

Full year 2022 earnings: Revenues exceed analysts expectations while EPS lags behind

CareTrust REIT: The Best Real Estate Investment In Senior Care

CareTrust REIT, Inc. to Report Q4, 2022 Results on Feb 09, 2023

An unknown buyer acquired five senior housing facilities in Virginia from CareTrust REIT, Inc. (NYSE:CTRE) for $13 million.

Upcoming dividend of US$0.28 per share

CareTrust REIT, Inc. Announces Quarterly Cash Dividend, Payable on or About January 13, 2023

CareTrust REIT declares $0.275 dividend

Caretrust Reit Announces James Callister to Succeed Mark Lamb as Chief Investment Officer

Third quarter 2022 earnings: Revenues exceed analysts expectations while EPS lags behind

CareTrust REIT, Inc. to Report Q3, 2022 Results on Nov 08, 2022

An unknown buyer acquired Seven Skilled Nursing Facilities in Ohio from CareTrust REIT, Inc. (NYSE:CTRE) for $52 million.