Caretrust Stock Price, News & Analysis

CareTrust REIT (NYSE:CTRE) has announced a $22.25 million secured loan for acquiring a five-asset skilled nursing portfolio in California, comprising around 600 beds. This loan features a three-year maturity with two optional one-year extensions and an annual SOFR-based interest rate starting at 8.5%. CEO Dave Sedgwick expressed enthusiasm for the acquisition, highlighting the strong relationships with the borrower and operators, as well as the strategic location of the facilities within premier California markets.

CareTrust REIT, Inc. (CTRE) has announced plans to release its second quarter 2022 financial results after U.S. market close on August 4, 2022. Management will conduct a conference call for current and prospective investors on August 5, 2022, at 1:00 PM ET to discuss these results. Investors can register for the call here. Further details can be found in the Investor's section of the CareTrust REIT website.

CareTrust REIT, Inc. (NYSE:CTRE) has promoted James Callister from General Counsel to Executive Vice President. CEO Dave Sedgwick praised Callister's substantial contributions since joining the company in 2021, highlighting his expertise in healthcare real estate transactions. Callister has been integral in structuring and negotiating equity and debt investments, as well as managing tenant relationships. With nearly 20 years of legal experience, he has facilitated over $2.5 billion in healthcare REIT transactions across 35 states.

CareTrust REIT (NYSE:CTRE) has announced the extension of a $75 million senior secured term loan and a $25 million mezzanine loan to facilitate the acquisition of an 18-property portfolio with around 2,000 skilled nursing beds in the Mid-Atlantic region. The senior loan has a five-year maturity at an interest rate of 8.4%, while the mezzanine loan has a ten-year term with an interest rate of 11%. The financing supports CareTrust's strategy of enhancing relationships with leading operators while pursuing growth opportunities nationwide.

The Board of Directors of CareTrust REIT, Inc. (NYSE:CTRE) announced the resignation of Executive Chair Greg Stapley, who will focus on his international volunteer assignment. Lead Independent Director Diana Laing will step in as Chair, while CEO David Sedgwick joins the Board. Mr. Stapley expressed confidence in the current Board and management, ensuring stability during this transition. The Board remains at five members as CareTrust continues to pursue growth opportunities in healthcare-related properties across the United States.

CareTrust REIT, Inc. (NYSE:CTRE) has declared a quarterly cash dividend of $0.275 per common share, payable to stockholders of record on June 30, 2022. The dividend payment is scheduled on or about July 15, 2022. As a self-administered, publicly-traded real estate investment trust, CareTrust REIT focuses on real estate in the healthcare sector, including skilled nursing and seniors housing properties across the United States. This reflects the company’s commitment to returning value to shareholders while pursuing both organic and external growth opportunities.

CareTrust REIT, Inc. has successfully transferred its stock listing to the New York Stock Exchange (NYSE), starting today. This transition allows CareTrust to access the NYSE's advanced market model and a vast network of over 2,400 leading companies, enhancing its visibility and investor relations. CareTrust's President, Dave Sedgwick, expressed optimism about leveraging NYSE's resources. Since 2000, nearly 300 companies have transferred their listings to the NYSE, representing over $1 trillion in market value, highlighting the NYSE's significance in capital raising.

CareTrust REIT (Nasdaq: CTRE) will transfer its common stock listing from Nasdaq to the New York Stock Exchange (NYSE), effective May 23, 2022. This move aims to enhance the company’s visibility and access to potential investors. CareTrust’s President, Dave Sedgwick, expressed optimism about joining the NYSE community and maximizing the platform's benefits. The company is known for its real estate investments in healthcare properties and is focused on growth opportunities across the U.S.

CareTrust REIT (CTRE) reported its Q1 2022 results, showcasing a 95% collection rate of contractual rents, despite a net loss of $43.3 million (or $0.45 per share). Normalized FFO increased by 5.2% to $35.9 million and FAD rose 4.8% to $37.9 million. A dividend of $0.275 per share was declared. The company is actively optimizing its portfolio, including transitioning properties into behavioral health facilities. Key investments included acquisitions totaling approximately $22 million in Texas and Illinois. A conference call is set for May 6, 2022.