CareTrust REIT, Inc. (CTRE) News
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CTRE News Highlights
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Latest CTRE News From Around the Web
Below are the latest news stories about CARETRUST REIT INC that investors may wish to consider to help them evaluate CTRE as an investment opportunity.
CareTrust REIT Announces Phase 2 Closing of Tennessee Acquisition; Brings Annual Investment Total to Approximately $1.5 Billion; Announces Replenished Investment Pipeline of $350 MillionSAN CLEMENTE, Calif., January 06, 2025--CareTrust REIT, Inc. (NYSE:CTRE) has announced that it has closed Phase 2 of the large Tennessee portfolio transaction announced on October 29, 2024 with the acquisition last week of an additional thirteen skilled nursing facilities. As anticipated, the second phase of the acquisition was completed through a joint venture arrangement entered into between CareTrust and a large third-party healthcare real estate owner. At closing, CareTrust provided a combin |
CareTrust REIT price target lowered to $32 from $36 at JefferiesJefferies lowered the firm’s price target on CareTrust REIT to $32 from $36 and keeps a Buy rating on the shares as part of a 2025 outlook. Within healthcare real estate investment trusts, the firm prefers senior housing, saying deliveries are “muted” while the 80-plus population is entering a high-growth period. Ventas (VTR) is the analyst’s top pick, and it is also positive on Welltower (WELL) and Sabra Health Care REIT (SBRA). Within the other subsectors, Jefferies prefers REITs that are well |
The Ensign Group Closes on Expansion in Tennessee, Adds Its First Operation in AlabamaSAN JUAN CAPISTRANO, Calif., Jan. 02, 2025 (GLOBE NEWSWIRE) -- The Ensign Group, Inc. (Nasdaq: ENSG), the parent company of the EnsignTM group of companies, which invest in and provide skilled nursing and senior living services, physical, occupational and speech therapies, other rehabilitative and healthcare services, and real estate, announced today that it acquired the operations of the following skilled nursing facilities in Tennessee and Alabama: Meadowbrook Healthcare and Rehabilitation Cen |
CareTrust REIT Announces Chief Accounting Officer; SVP Investments Appointment; PromotionsSAN CLEMENTE, Calif., January 02, 2025--CareTrust REIT Announces Chief Accounting Officer; SVP Investments Appointment; Promotions |
After Plunging -8.29% in 4 Weeks, Here's Why the Trend Might Reverse for CareTrust REIT (CTRE)CareTrust REIT (CTRE) has become technically an oversold stock now, which implies exhaustion of the heavy selling pressure on it. This, combined with strong agreement among Wall Street analysts in revising earnings estimates higher, indicates a potential trend reversal for the stock in the near term. |
CareTrust REIT Doubles Size of Unsecured Revolver to $1.2 Billion; Announces Agency Upgrade of Bond to Investment Grade; Updates Investment PipelineSAN CLEMENTE, Calif., December 19, 2024--CareTrust REIT Doubles Size of Unsecured Revolver to $1.2 Billion; Announces Agency Upgrade of Bond to Investment Grade; Updates Investment Pipeline |
CareTrust REIT Announces Quarterly Dividend of $0.29 per ShareSAN CLEMENTE, Calif., December 16, 2024--CareTrust REIT Announces Quarterly Dividend of $0.29 per Share |
Down -6.3% in 4 Weeks, Here's Why CareTrust REIT (CTRE) Looks Ripe for a TurnaroundCareTrust REIT (CTRE) is technically in oversold territory now, so the heavy selling pressure might have exhausted. This along with strong agreement among Wall Street analysts in raising earnings estimates could lead to a trend reversal for the stock. |
CareTrust REIT Acquires Midwest Skilled Nursing Portfolio for Approximately $97 Million; Announces Phase 1 Closing of Tennessee AcquisitionSAN CLEMENTE, Calif., December 09, 2024--CareTrust REIT, Inc. (NYSE:CTRE) announced today that it has acquired a 46-facility, 3,820-bed/unit skilled nursing and seniors housing portfolio located in the Midwest for a total investment amount of approximately $97 million (inclusive of transaction costs). Seven of the 46 facilities acquired are skilled nursing and assisted living campuses and an additional seven are assisted living facilities. |
3 US Stocks Estimated To Be Trading Below Fair Value In November 2024As the U.S. stock market navigates through a period of volatility, with major indices like the Dow Jones and Nasdaq experiencing fluctuations amid tech earnings and economic data releases, investors are keenly observing potential opportunities. In this environment, identifying stocks that are trading below their perceived fair value can be particularly appealing for those looking to capitalize on market inefficiencies. |