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001122334455554433221100
001122334455554433221100
Symbol CTRE
Name CareTrust REIT, Inc.
Currency USD
Sector Real Estate
IndustryGroup Real Estate
Industry Equity Real Estate Investment Trusts (REITs)
Market NASDAQ Global Select
Country United States
State CA
City San Clemente
Zipcode 92673
Website http://www.caretrustreit.com

caretrust reit reports earnings miss and analysts adjust price targets

CareTrust REIT reported a quarterly EPS of $0.29, falling short of the $0.41 consensus estimate. The company, which focuses on healthcare real estate, owns 228 facilities across 29 states, with a net margin of 42.22% and a return on equity of 5.59%. Analysts project an EPS of 1.71 for the current year, while the stock has a Moderate Buy rating with a target price of $31.00.

major healthcare deals announced including acquisitions and mergers this week

This week saw significant healthcare deals, including VitalHub's acquisition of Strata Health for approximately $23.3 million, aimed at expanding into the electronic referral market. Private equity firm Francisco Partners plans to acquire AdvancedMD for $1.12 billion, while CareTrust REIT is set to purchase 31 nursing homes for $500 million. Additionally, Black River Memorial Hospital and Krohn Clinic in Wisconsin have agreed to merge, forming Black River Health, with the deal expected to close on December 30.
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