Ensign Group Inc Stock Price, News & Analysis

The Ensign Group (NASDAQ: ENSG) reported strong financial results for fiscal year and Q4 2024. The company achieved GAAP net income of $298.0 million for the year (up 42.3%) and $79.7 million for Q4 (up 267.4%). Adjusted earnings per share reached $5.50 for the year and $1.49 for Q4, marking increases of 15.3% and 16.4% respectively.

Key operational metrics showed significant improvement, with Same Facilities and Transitioning Facilities occupancy increasing by 2.7% and 4.1% year-over-year. Total skilled services revenue reached $4.1 billion for the year, up 13.9%. The company acquired 38 operations in 2024, including 12 new operations in Q4.

Looking ahead, Ensign issued 2025 earnings guidance of $6.16 to $6.34 per diluted share and revenue guidance of $4.83 billion to $4.91 billion, representing a 13.8% increase at the midpoint over 2024 results.

The Ensign Group (NASDAQ: ENSG) has expanded its Texas presence through multiple acquisitions. The company acquired Mesquite Post Acute Care, a 120-bed skilled nursing facility in Lubbock, Texas, through its real estate subsidiary Standard Bearer Healthcare REIT, effective February 1, 2025.

In a separate transaction effective January 31, 2025, Standard Bearer acquired the real estate of four additional facilities: Beacon Harbor Healthcare & Rehabilitation (190 beds), Pleasant Manor Healthcare & Rehabilitation (126 beds), Crestwood Health & Rehabilitation Center (112 skilled nursing beds and 36 assisted living units), and Rowlett Health & Rehabilitation Center (150 beds). These facilities were already operated by Ensign under leases.

With these acquisitions, Ensign's portfolio now includes 334 healthcare operations across 15 states, with 30 facilities offering senior living operations. Standard Bearer owns 134 real estate assets.

The Ensign Group (NASDAQ: ENSG) has announced two significant real estate acquisitions in Texas through its Standard Bearer Healthcare REIT subsidiary. The company exercised purchase options to acquire four healthcare facilities: Beacon Harbor Healthcare & Rehabilitation (190 beds), Pleasant Manor Healthcare & Rehabilitation (126 beds), Rowlett Health & Rehabilitation Center (150 beds), and Crestwood Health & Rehabilitation Center (148 combined beds) effective January 31, 2025.

Additionally, in a separate transaction effective February 1, 2025, Ensign acquired Mesquite Post Acute Care, a 120-bed facility in Lubbock, Texas. These acquisitions expand Ensign's portfolio to 334 healthcare operations across 15 states, with 134 owned real estate assets. The facilities will be operated by Ensign-affiliated companies under long-term triple net leases with Standard Bearer.

The Ensign Group (NASDAQ: ENSG) has announced it will release its fourth quarter and fiscal year 2024 financial results on February 5, 2025. The company will host a live webcast on February 6, 2025, at 10:00 a.m. Pacific Time to discuss the performance results.

The webcast will be available for replay through February 28, 2025, via the company's investor website. Ensign Group operates through independent subsidiaries providing skilled nursing, senior living services, and various healthcare services across 333 healthcare facilities in 15 states, including Alabama, Arizona, California, Colorado, Idaho, Iowa, Kansas, Nebraska, Nevada, South Carolina, Tennessee, Texas, Utah, Washington, and Wisconsin.

CareTrust REIT (NYSE:CTRE) has completed Phase 2 of its Tennessee portfolio acquisition, acquiring thirteen additional skilled nursing facilities through a joint venture arrangement. The company invested approximately $176 million in combined common equity and preferred equity, with an initial contractual yield of 9.0%.

The newly-acquired facilities will be operated under long-term master lease agreements, with six facilities managed by The Ensign Group affiliates and seven by Links Healthcare Group affiliates. This brings the total facilities acquired in the portfolio transaction to 27, with a total investment of $421 million.

The company's annual investment total has reached approximately $1.5 billion in 2024, with the final facility acquisition expected in Q1 2025. CareTrust begins 2025 with a replenished investment pipeline of approximately $350 million in near-term, actionable opportunities.

The Ensign Group (ENSG) has expanded its operations by acquiring nine skilled nursing facilities - eight in Tennessee and one in Alabama, marking its first entry into the Alabama market. The facilities have a combined capacity of 921 beds. Six of these operations are jointly owned by CareTrust REIT and a joint venture investor under a new long-term triple net master lease with Ensign affiliated companies, effective January 1, 2025. The remaining three operations were purchased by Standard Bearer Healthcare REIT, Ensign's captive real estate subsidiary.

Following these acquisitions, Ensign's portfolio now encompasses 333 healthcare operations across 15 states, including 30 facilities with senior living operations. Through its subsidiaries, including Standard Bearer, the company owns 129 real estate assets, of which it operates 96. The company continues to actively seek additional acquisition opportunities nationwide.

The Ensign Group (NASDAQ: ENSG) has agreed to acquire eight healthcare facilities across Alaska, Washington, Oregon, and California from Providence Home and Community Care. The acquisition includes both real estate and operations, with Standard Bearer Healthcare REIT, Ensign's real estate subsidiary, purchasing all eight properties. Six facilities will be operated by Ensign affiliates, while two will be leased to a third-party operator.

This strategic expansion marks Ensign's first entry into Alaska and Oregon markets. Upon completion, Ensign's portfolio will expand to 330 healthcare operations across 16 states, including 32 with senior living operations. Standard Bearer will own 134 real estate assets, with 95 operated by Ensign affiliates and 35 by third-party tenants.

The Ensign Group (NASDAQ: ENSG) has declared a quarterly cash dividend of $0.0625 per share, marking its twenty-second consecutive annual dividend increase. The dividend will be payable on or before January 31, 2025, to shareholders of record as of December 31, 2024.

The company, through its subsidiaries, provides skilled nursing and senior living services, rehabilitation therapies, and healthcare services across 324 healthcare facilities in 14 states. This dividend announcement demonstrates Ensign's market strength and commitment to shareholder value, according to CEO Barry Port.

The Ensign Group (Nasdaq: ENSG) has announced its participation in the Stephens Annual Investment Conference on November 20, 2024. Key executives including CEO Barry Port, CFO Suzanne Snapper, and CIO Chad Keetch will present at 1:00 p.m. Central Time, discussing company operations and growth strategy.

A live audio webcast will be available at wsw.com/webcast/stph35/ensg/1829595, with replay access for 90 days post-presentation. The company operates 324 healthcare facilities across 14 states, providing skilled nursing, senior living services, and various therapeutic and healthcare services.