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CareTrust REIT, Inc - CTRE STOCK NEWS

Welcome to our dedicated news page for CareTrust REIT (Ticker: CTRE), a resource for investors and traders seeking the latest updates and insights on CareTrust REIT.

Our selection of high-quality news articles is accompanied by an expert summary from Rhea-AI, detailing the impact and sentiment surrounding the news at the time of release, providing a deeper understanding of how each news could potentially affect CareTrust REIT's stock performance. The page also features a concise end-of-day stock performance summary, highlighting the actual market reaction to each news event. The list of tags makes it easy to classify and navigate through different types of news, whether you're interested in earnings reports, stock offerings, stock splits, clinical trials, fda approvals, dividends or buybacks.

Designed with both novice traders and seasoned investors in mind, our page aims to simplify the complex world of stock market news. By combining real-time updates, Rhea-AI's analytical insights, and historical stock performance data, we provide a holistic view of CareTrust REIT's position in the market.

News
CareTrust REIT Funds Mortgage Financing with Purchase Option on Tennessee Skilled Nursing Facilities; Reports Reloaded Pipeline of $260 Million and Q1 ATM Activity of $273 Million
Rhea-AI Summary

CareTrust REIT, Inc. (NYSE:CTRE) funded a $26.7 million mortgage loan for a 2-asset skilled nursing portfolio in Tennessee. The facilities will be operated by The Ensign Group, Inc. The company reported a $260 million investment pipeline and $273 million Q1 ATM activity.

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CareTrust REIT Sets First Quarter Earnings Call for Friday, May 3, 2024
Rhea-AI Summary

CareTrust REIT, Inc. (NYSE:CTRE) has scheduled its first quarter 2024 earnings call for May 3, 2024, following the release of financial results on May 2, 2024. Investors are invited to participate in the conference call to discuss current matters with the management team.

Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
1.48%
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earnings
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CareTrust REIT Achieves ISS ESG “Prime” Status for 2024
Rhea-AI Summary
CareTrust REIT, Inc. (CTRE) achieves ISS ESG 'Prime' status for 2024, showcasing strong environmental, social, and governance performance. The company's commitment to sustainability is highlighted through various ESG initiatives and programs, including financial support for environmental projects, green lease clauses, and employee well-being benefits.
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End-of-Day
-0.42%
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CareTrust REIT Invests $60 Million in Acquisition of Three Southern California Continuing Care Retirement Communities
Rhea-AI Summary
CareTrust REIT, Inc. (NYSE:CTRE) acquires three CCRCs in Southern California, expanding its senior living portfolio. The acquisitions involve a total investment of approximately $60.3 million. Two facilities were acquired through a joint venture arrangement, while the third was purchased outright. The properties will be operated by Bayshire Senior Communities, with annual cash rent expected to reach $3.0 million in the second year. The acquisitions aim to facilitate growth opportunities for operators and enhance the quality of care for residents and patients.
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Rhea-AI Sentiment
End-of-Day
-0.78%
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CareTrust REIT Raises Quarterly Dividend to $0.29 per Share
Rhea-AI Summary
CareTrust REIT, Inc. (CTRE) raises its quarterly common stock cash dividend from $0.28 to $0.29 per share. The dividend will be payable to common stockholders on March 28, 2024. Management confirms the dividend payment.
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End-of-Day
2.09%
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CareTrust REIT Acquires Three Property Skilled Nursing Portfolio in Texas and Missouri
Rhea-AI Summary
CareTrust REIT, Inc. (CTRE) acquires three skilled nursing facilities for $55.6 million, expanding its relationship with PACS Group, Inc. and increasing annual rent by $5,002,000. The deal adds 210 skilled nursing beds and 24 assisted living units to CareTrust's portfolio, with the tenant having an option to purchase two facilities after four years.
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Rhea-AI Sentiment
End-of-Day
0.77%
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acquisition
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CareTrust REIT Announces Fourth Quarter & Full Year 2023 Operating Results
Rhea-AI Summary
CareTrust REIT, Inc. (CTRE) reported strong financial results for the quarter and year ended December 31, 2023. The company achieved 100.0% of contractual rents collected, with net income of $26.3 million and normalized FFO of $43.4 million for the quarter. They also declared a quarterly dividend of $0.28 per share, representing a payout ratio of approximately 76% on normalized FAD. CareTrust reported investments of $43.2 million during the quarter and $288.1 million during the year at an estimated stabilized yield of 11.4% and 9.8%, respectively. The company also settled 14.6 million shares under its ATM Program for gross proceeds of $319.9 million. CareTrust's President and CEO expects 2024 to be a strong year for new investments, with an investment pipeline of $250 million. The company also issued guidance for 2024, projecting net income of approximately $1.02 to $1.04 per diluted weighted-average common share, normalized FFO of approximately $1.43 to $1.45, and normalized FAD of approximately $1.47 to $1.49.
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Rhea-AI Sentiment
End-of-Day
7.14%
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earnings
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Northwind Group and Care Trust REIT Provide $105 Million in Mezzanine Loans Secured by 25 Skilled Nursing and Assisted Living Properties in Virginia and Missouri
Rhea-AI Summary
Northwind Group announced the origination of two mezzanine loans totaling $105 million secured by properties with skilled nursing beds and assisted living units in Virginia and Missouri. Care Trust REIT, Inc (CTRE) participated with $44.8 million in the loans, and Deutsche Bank led $310 million in senior financings for the transactions. The loans were funded from Northwind's closed-ended healthcare debt funds, and the company aims to continue providing financial solutions for skilled nursing owners and operators in select U.S. states.
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0.15%
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CareTrust REIT Provides $52 Million in Mezzanine Financings
Rhea-AI Summary
CareTrust REIT, Inc. (CTRE) has announced its participation in the origination of over $52 million in mezzanine loans secured by three portfolios of 26 properties, totaling 3,050 skilled nursing beds and 186 assisted living units in Virginia, Missouri, and California. CareTrust's Chief Investment Officer, James Callister, highlighted the successful coordination with co-lender Northwind Group and emphasized the relationship-based lending approach focused on establishing or expanding relationships with borrowers and operators.
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Rhea-AI Sentiment
End-of-Day
0.15%
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CareTrust REIT Sets Fourth Quarter Earnings Call for Friday, February 9, 2024
Rhea-AI Summary
CareTrust REIT, Inc. (CTRE) plans to release its Q4 and full year 2023 financial results on February 8, 2024, followed by a conference call on February 9, 2024. The management team will discuss current matters and invites investors to listen to the call. The call will be available for replay online for approximately 30 days. The company encourages investors to regularly monitor its outlets for important information.
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Stock CTRE logo
CareTrust REIT, Inc

NYSE:CTRE

CTRE Rankings

#1455 Ranked by Market Cap
#1098 Ranked by Stock Gains
#706 Ranked by Dividends

CTRE Stock Data

3.37B
129.72M
0.72%
91.46%
3.43%
Lessors of Other Real Estate Property
Real Estate and Rental and Leasing
Link
United States of America
SAN CLEMENTE

About CTRE

caretrust reit, inc. is a publicly-traded real estate investment company engaged in the acquisition, ownership and leasing of seniors housing and healthcare-related properties. with 100 net-leased healthcare properties and three operated seniors housing properties in ten states, caretrust is acquiring and financing additional properties nationwide which will be operated by a diverse group of outstanding local, regional and national seniors housing operators, healthcare services providers, and other healthcare-related businesses. in 2014 caretrust was spun out of the ensign group, one of the country's premier post-acute care and seniors housing providers. founded in 1999 by a small group of leaders dedicated to changing the post-acute care industry "one facility at a time,"​ ensign has written an impressive growth story during a period of change, headwinds, and uncertainty. caretrust carries this excellence-focused, operator-centric mentality in its dna, and seeks now to partner with ot