Caretrust Stock Price, News & Analysis

CareTrust REIT (NASDAQ:CTRE) announced the tax status of its 2021 dividends, reporting a total cash distribution of $1.3100 per share. This includes $0.2650 declared for the quarter ending December 31, 2021, payable on January 15, 2022. Due to exceeding earnings and profits for 2021, this amount will appear on the 2022 Form 1099. Shareholders will receive IRS Form 1099-DIV detailing their dividends and tax classifications. The company advises consulting tax advisors for specific reporting guidance.

CareTrust REIT, Inc. (NASDAQ:CTRE) has declared a quarterly cash dividend of $0.265 per common share, payable on or about January 15, 2022, to stockholders of record as of December 31, 2021. The company is a publicly-traded real estate investment trust focused on the ownership and leasing of skilled nursing and healthcare-related properties across the U.S. CareTrust aims to pursue growth through both external acquisitions and organic development.

CareTrust REIT (Nasdaq:CTRE) has appointed David Sedgwick as CEO, effective January 1, 2022, succeeding Greg Stapley, who will transition to Executive Chairman. Sedgwick, with CareTrust since 2014 and formerly with The Ensign Group, brings extensive healthcare operational experience. Diana M. Laing is appointed Lead Independent Director. The board expressed confidence in Sedgwick's leadership to drive growth and profitability, highlighting a total shareholder return of approximately 156% since the company's spin-off in 2014. The management team remains unchanged during this transition.

CareTrust REIT (CTRE) reported its Q3 2021 financial results, highlighting 96.2% of contractual rents collected. The firm generated a net income of $11.9 million, or $0.12 per share, alongside normalized FFO of $36.7 million, a 13% year-over-year increase. The quarterly dividend remains at $0.265 per share. Notably, skilled nursing occupancy rose from 69.7% in June to 71.5% in September, with almost 60% of facilities nearing pre-pandemic levels. However, labor shortages and rising costs pose challenges. The company updated its 2021 guidance, raising expected FFO to $1.49-$1.50 per share.

CareTrust REIT (NASDAQ:CTRE) announced it will release its third quarter 2021 financial results on November 8, 2021, before U.S. markets open. Management will host a conference call at 2:00 p.m. ET to discuss the results. Interested stakeholders can join by calling (844) 220-4972 for U.S./Canada or (317) 973-4053 internationally, using conference ID 4158737. The call will also be available as a webcast, and a replay will be accessible on the company's website for 30 days. CareTrust REIT focuses on owning and leasing skilled nursing and healthcare-related properties across the U.S.

CareTrust REIT has declared a quarterly cash dividend of $0.265 per common share, payable to shareholders as of September 30, 2021. The dividend is set for payment on or about October 15, 2021. As a self-administered, publicly-traded real estate investment trust, CareTrust focuses on the ownership and leasing of healthcare-related properties. The company is committed to growth through both external acquisitions and organic development across the U.S.

CareTrust REIT (Nasdaq:CTRE) has released its inaugural Corporate Social Responsibility (CSR) Report, showcasing its commitment to environmental, social, and governance (ESG) initiatives. CEO Greg Stapley emphasized the company's progress since 2019 in addressing ESG priorities despite challenges faced as a triple-net landlord. The report highlights a proprietary Tenant ESG Program that incentivizes tenants to implement positive changes. CareTrust plans to produce annual CSR reports and aligns its reporting with Global Reporting Initiative (GRI) Standards to enhance transparency for stakeholders.

CareTrust REIT (CTRE) reported Q2 2021 results revealing a 12.6% increase in net income to $21.3 million and an 11.4% rise in normalized FFO to $35.8 million. The company maintained a quarterly dividend of $0.265 per share, with a payout ratio of 66% on normalized FAD. The occupancy rate for skilled nursing facilities improved to 69.9%, while assisted living remained steady. A $400 million bond issuance was completed, allowing for the redemption of 2025 notes. 2021 guidance was updated, projecting normalized FFO at $1.48 to $1.50 per share.

CareTrust REIT (Nasdaq: CTRE) announced the acquisition of two skilled nursing facilities in the Austin, Texas area for approximately $32.5 million. The Sedona Trace Health & Wellness Center and Cedar Pointe Health & Wellness Center are now under the management of The Ensign Group (Nasdaq: ENSG). This deal extends the lease term by ten years and includes a $5 million upfront rent reduction, with an annual cash rent increase of around $2.2 million, resulting in an initial cash yield of approximately 8.0%. The acquisition was funded through CareTrust's $600 million unsecured revolving credit facility.