Latest news with #CTRE
Yahoo
4 days ago
- Business
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CareTrust REIT (CTRE) Q2 Earnings: Taking a Look at Key Metrics Versus Estimates
For the quarter ended June 2025, CareTrust REIT (CTRE) reported revenue of $112.47 million, up 63.3% over the same period last year. EPS came in at $0.43, compared to $0.07 in the year-ago quarter. The reported revenue compares to the Zacks Consensus Estimate of $107.52 million, representing a surprise of +4.6%. The company delivered an EPS surprise of -4.44%, with the consensus EPS estimate being $0.45. While investors scrutinize revenue and earnings changes year-over-year and how they compare with Wall Street expectations to determine their next move, some key metrics always offer a more accurate picture of a company's financial health. As these metrics influence top- and bottom-line performance, comparing them to the year-ago numbers and what analysts estimated helps investors project a stock's price performance more accurately. Here is how CareTrust REIT performed in the just reported quarter in terms of the metrics most widely monitored and projected by Wall Street analysts: Revenues- Rental income: $86.03 million versus $75.75 million estimated by two analysts on average. Compared to the year-ago quarter, this number represents a +55.3% change. Revenues- Interest income from other real estate related investments and other income: $23.55 million versus $25.05 million estimated by two analysts on average. Compared to the year-ago quarter, this number represents a +74.7% change. Net Earnings Per Share (Diluted): $0.35 compared to the $0.36 average estimate based on two analysts. View all Key Company Metrics for CareTrust REIT here>>> Shares of CareTrust REIT have returned +6% over the past month versus the Zacks S&P 500 composite's +0.5% change. The stock currently has a Zacks Rank #2 (Buy), indicating that it could outperform the broader market in the near term. Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report CareTrust REIT, Inc. (CTRE) : Free Stock Analysis Report This article originally published on Zacks Investment Research ( Zacks Investment Research
Yahoo
23-07-2025
- Business
- Yahoo
CareTrust REIT Sets Second Quarter Earnings Call for Thursday, August 7, 2025
SAN CLEMENTE, Calif., July 23, 2025--(BUSINESS WIRE)--CareTrust REIT, Inc. (NYSE:CTRE) announced today that it plans to release its second quarter 2025 financial results after the U.S. markets close on Wednesday, August 6, 2025. Representatives of CareTrust REIT's management team will host a conference call to discuss the results and other current matters the following day. Conference Call CareTrust REIT invites current and prospective investors to listen to the call on Thursday, August 7, 2025 at 1:00 p.m. Eastern Time (10:00 a.m. Pacific Time). The toll-free dial-in number is 1 (800) 715-9871 or toll dial-in number is 1 (646) 307-1963 and the conference ID number is 2243604. To listen to the call online as a webcast, or to view any financial or other statistical information required by SEC Regulation G, please visit the Investors section of the CareTrust REIT website at A recording of the call will be available for replay via the website for approximately 30 days following the call. The Company's press releases, Securities and Exchange Commission filings, public conference calls, webcasts and website frequently disclose information that may be material to investors and the marketplace, and the Company encourages investors and others interested in the Company to regularly monitor such outlets for important Company information. About CareTrustTM CareTrust REIT, Inc. is a self-administered, publicly-traded real estate investment trust engaged in the ownership, acquisition, development and leasing of skilled nursing, seniors housing and other healthcare-related properties. With a portfolio of long-term net-leased properties spanning the United States and United Kingdom, and a growing portfolio of quality operators leasing them, CareTrust REIT is pursuing both external and organic growth opportunities across the United States and internationally. More information about CareTrust REIT is available at View source version on Contacts CareTrust REIT, Inc.(949) 542-3130ir@ Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Yahoo
03-06-2025
- Business
- Yahoo
Is ProShares Russell 2000 Dividend Growers ETF (SMDV) a Strong ETF Right Now?
A smart beta exchange traded fund, the ProShares Russell 2000 Dividend Growers ETF (SMDV) debuted on 02/03/2015, and offers broad exposure to the Style Box - Small Cap Value category of the market. The ETF industry has traditionally been dominated by products based on market capitalization weighted indexes that are designed to represent the market or a particular segment of the market. Because market cap weighted indexes provide a low-cost, convenient, and transparent way of replicating market returns, they work well for investors who believe in market efficiency. But, there are some investors who would rather invest in smart beta funds; these funds track non-cap weighted strategies, and are a strong option for those who prefer choosing great stocks in order to beat the market. This kind of index follows this same mindset, as it attempts to pick stocks that have better chances of risk-return performance; non-cap weighted strategies base selection on certain fundamental characteristics, or a mix of such characteristics. While this space offers a number of choices to investors, including simplest equal-weighting, fundamental weighting and volatility/momentum based weighting methodologies, not all these strategies have been able to deliver superior results. The fund is managed by Proshares, and has been able to amass over $644.04 million, which makes it one of the average sized ETFs in the Style Box - Small Cap Value. SMDV, before fees and expenses, seeks to match the performance of the Russell 2000 Dividend Growth Index. The Russell 2000 Dividend Growth Index targets companies that are currently members of the Russell 2000 Index and have increased dividend payments each year for at least 10 years. Expense ratios are an important factor in the return of an ETF and in the long-term, cheaper funds can significantly outperform their more expensive cousins, other things remaining the same. Annual operating expenses for SMDV are 0.40%, which makes it on par with most peer products in the space. It has a 12-month trailing dividend yield of 2.96%. It is important to delve into an ETF's holdings before investing despite the many upsides to these kinds of funds like diversified exposure, which minimizes single stock risk. And, most ETFs are very transparent products that disclose their holdings on a daily basis. This ETF has heaviest allocation in the Financials sector - about 31% of the portfolio. Industrials and Utilities round out the top three. When you look at individual holdings, Caretrust Reit Inc (CTRE) accounts for about 1.21% of the fund's total assets, followed by Txnm Energy Inc (TXNM) and Badger Meter Inc (BMI). Its top 10 holdings account for approximately 10.44% of SMDV's total assets under management. Year-to-date, the ProShares Russell 2000 Dividend Growers ETF has lost about -5.11% so far, and is up roughly 3.38% over the last 12 months (as of 06/03/2025). SMDV has traded between $58.95 and $75.88 in this past 52-week period. SMDV has a beta of 0.83 and standard deviation of 19.74% for the trailing three-year period, which makes the fund a medium risk choice in the space. With about 99 holdings, it effectively diversifies company-specific risk. ProShares Russell 2000 Dividend Growers ETF is an excellent option for investors seeking to outperform the Style Box - Small Cap Value segment of the market. There are other ETFs in the space which investors could consider as well. IShares Core Dividend Growth ETF (DGRO) tracks Morningstar US Dividend Growth Index and the Vanguard Dividend Appreciation ETF (VIG) tracks NASDAQ US Dividend Achievers Select Index. IShares Core Dividend Growth ETF has $31.06 billion in assets, Vanguard Dividend Appreciation ETF has $89.67 billion. DGRO has an expense ratio of 0.08% and VIG charges 0.05%. Investors looking for cheaper and lower-risk options should consider traditional market cap weighted ETFs that aim to match the returns of the Style Box - Small Cap Value. To learn more about this product and other ETFs, screen for products that match your investment objectives and read articles on latest developments in the ETF investing universe, please visit Zacks ETF Center. Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report ProShares Russell 2000 Dividend Growers ETF (SMDV): ETF Research Reports Badger Meter, Inc. (BMI) : Free Stock Analysis Report CareTrust REIT, Inc. (CTRE) : Free Stock Analysis Report Vanguard Dividend Appreciation ETF (VIG): ETF Research Reports iShares Core Dividend Growth ETF (DGRO): ETF Research Reports TXNM Energy, Inc. (TXNM) : Free Stock Analysis Report This article originally published on Zacks Investment Research ( Zacks Investment Research
Yahoo
15-05-2025
- Business
- Yahoo
Looking for a Growth Stock? 3 Reasons Why CareTrust REIT (CTRE) is a Solid Choice
Growth stocks are attractive to many investors, as above-average financial growth helps these stocks easily grab the market's attention and produce exceptional returns. But finding a great growth stock is not easy at all. That's because, these stocks usually carry above-average risk and volatility. In fact, betting on a stock for which the growth story is actually over or nearing its end could lead to significant loss. However, it's pretty easy to find cutting-edge growth stocks with the help of the Zacks Growth Style Score (part of the Zacks Style Scores system), which looks beyond the traditional growth attributes to analyze a company's real growth prospects. CareTrust REIT (CTRE) is on the list of such stocks currently recommended by our proprietary system. In addition to a favorable Growth Score, it carries a top Zacks Rank. Studies have shown that stocks with the best growth features consistently outperform the market. And returns are even better for stocks that possess the combination of a Growth Score of A or B and a Zacks Rank #1 (Strong Buy) or 2 (Buy). Here are three of the most important factors that make the stock of this health care real estate investment trust a great growth pick right now. Earnings growth is arguably the most important factor, as stocks exhibiting exceptionally surging profit levels tend to attract the attention of most investors. For growth investors, double-digit earnings growth is highly preferable, as it is often perceived as an indication of strong prospects (and stock price gains) for the company under consideration. While the historical EPS growth rate for CareTrust REIT is 1.1%, investors should actually focus on the projected growth. The company's EPS is expected to grow 18.7% this year, crushing the industry average, which calls for EPS growth of -0.3%. While cash is the lifeblood of any business, higher-than-average cash flow growth is more important and beneficial for growth-oriented companies than for mature companies. That's because, growth in cash flow enables these companies to expand their businesses without depending on expensive outside funds. Right now, year-over-year cash flow growth for CareTrust REIT is 67.6%, which is higher than many of its peers. In fact, the rate compares to the industry average of 3%. While investors should actually consider the current cash flow growth, it's worth taking a look at the historical rate too for putting the current reading into proper perspective. The company's annualized cash flow growth rate has been 12.5% over the past 3-5 years versus the industry average of 3.3%. Superiority of a stock in terms of the metrics outlined above can be further validated by looking at the trend in earnings estimate revisions. A positive trend is of course favorable here. Empirical research shows that there is a strong correlation between trends in earnings estimate revisions and near-term stock price movements. The current-year earnings estimates for CareTrust REIT have been revising upward. The Zacks Consensus Estimate for the current year has surged 1.7% over the past month. CareTrust REIT has not only earned a Growth Score of B based on a number of factors, including the ones discussed above, but it also carries a Zacks Rank #2 because of the positive earnings estimate revisions. You can see the complete list of today's Zacks #1 Rank (Strong Buy) stocks here. This combination indicates that CareTrust REIT is a potential outperformer and a solid choice for growth investors. Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report CareTrust REIT, Inc. (CTRE) : Free Stock Analysis Report This article originally published on Zacks Investment Research ( Zacks Investment Research Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Yahoo
03-05-2025
- Business
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CareTrust REIT Inc (CTRE) Q1 2025 Earnings Call Highlights: Record Growth and Strategic UK Expansion
Normalized FFO: Increased 67.4% to $77.8 million. Normalized FAD: Increased 66% to $80.8 million. Normalized FFO per Share: Increased $0.07 or 20% to $0.42 per share. Normalized FAD per Share: Increased $0.06 or 16.2% to $0.43 per share. Investment Total: Year-to-date investments totaled approximately $82 million at a yield of approximately 10%. Cash Rental Revenues: Projected to be approximately $284 million for the year. Interest Income: Approximately $90 million, with $76 million from the loan portfolio and $14 million from cash invested in money market funds. Interest Expense: Approximately $24.3 million, including $4 million of amortization of deferred financing fees. G&A Expense: Approximately $33 million to $37 million, including $11.7 million of deferred stock costs. Leverage: Net debt to normalized EBITDA ratio of 0.5 times; expected to be below 2.5 times post-UK transaction. Fixed Charge Coverage Ratio: 15.2 times. Warning! GuruFocus has detected 6 Warning Signs with CTRE. Release Date: May 02, 2025 For the complete transcript of the earnings call, please refer to the full earnings call transcript. CareTrust REIT Inc (NYSE:CTRE) announced the strategic acquisition of Care REIT, marking its entry into the UK market and the largest deal in its history. The acquisition diversifies CTRE's business in terms of operator concentration, geography, payer sources, and asset classes. CTRE completed three new investments totaling over $47 million at a yield of approximately 10% during the first quarter. Normalized FFO increased 67.4% over the prior year quarter to $77.8 million, and normalized FAD increased by 66% to $80.8 million. CTRE's liquidity remains strong with a net debt to normalized EBITDA ratio of 0.5 times and a fixed charge coverage ratio of 15.2 times. The acquisition of Care REIT involves assuming existing debt of approximately $259 million, which CTRE plans to refinance. There is uncertainty regarding potential Medicaid cuts, which could impact CTRE's portfolio. The UK acquisition pipeline is still developing, and it may take time to mature to the level of the US pipeline. Interest expense increased due to the line draw for the escrow account related to the UK transaction. CTRE's guidance assumes no additional investments or further debt or equity issuances this year, which could limit growth opportunities. Q: Can you comment on the potential impacts of policy and provider taxes on your portfolio? A: David Sedgwick, President and CEO, stated that there is no change in their outlook on potential Medicaid cuts. They are monitoring the process, and there is bipartisan support for Medicaid, especially for seniors in nursing homes. Q: What conditions lead you to choose debt investments over property acquisitions? A: David Sedgwick explained that acquisitions are prioritized, but debt investments are considered strategic if they can build relationships with key operators, potentially leading to future acquisitions. Q: Are there any changes to the earnings or FAD accretion from the Care REIT transaction? A: David Sedgwick mentioned that they will provide detailed answers regarding the transaction's financial impact once the deal is officially announced. Q: What is the expected investment pipeline volume for the UK market, and what yields are you seeing? A: David Sedgwick noted that the UK pipeline will take time to mature. They are currently looking at various deals with cap rates ranging from 7% to 9%, depending on the specifics. Q: How are the properties performing relative to initial underwriting, and what is the outlook for PAC? A: David Sedgwick stated that they have no updates on PAC beyond the data and coverage ratios provided, and they are awaiting further disclosures. Q: Does the UK acquisition put you on the map for new relationships, and will you start lending there? A: David Sedgwick confirmed that the acquisition has generated significant interest from operators in the UK, but they are not currently looking to lend in that market. Q: How is the US skilled nursing facility (SNF) market changing, and is there less capital available? A: James Callister, Chief Investment Officer, stated that the market remains unchanged with consistent deal flow and competitive landscape, with no significant shifts in capital availability. Q: What is the status of the term loan related to the UK acquisition, and what are the expected costs? A: William Wagner, CFO, explained that the term loan will be an amendment to their existing credit facility, with pricing just inside their revolver, and it will not be in pounds. For the complete transcript of the earnings call, please refer to the full earnings call transcript. This article first appeared on GuruFocus.
