Are You Looking for a Top Momentum Pick? Why CareTrust REIT (CTRE) is a Great Choice
Does CareTrust REIT (CTRE) have what it takes to be a top stock pick for momentum investors? Let's find out.
CareTrust REIT, Inc. (CTRE) Q2 2024 Earnings Call Transcript
CareTrust REIT, Inc. (NYSE:CTRE ) Q2 2024 Earnings Conference Call August 2, 2024 1:00 PM ET Company Participants Lauren Beale - Senior Vice President and Controller Dave Sedgwick - President and Chief Executive Officer Bill Wagner - Chief Financial Officer James Callister - Chief Investment Officer Conference Call Participants Jonathan Hughes - Raymond James Austin Wurschmidt - KeyBanc Capital Markets Michael Carroll - RBC Capital Markets Juan Sanabria - BMO Capital Markets John Pinkowski - Wells Fargo Rich Anderson - Wedbush Alec Feygin – Baird Operator Thank you for standing by. My name is Mandeep, and I will be your conference operator today.
CareTrust REIT (CTRE) Q2 Earnings: Taking a Look at Key Metrics Versus Estimates
The headline numbers for CareTrust REIT (CTRE) give insight into how the company performed in the quarter ended June 2024, but it may be worthwhile to compare some of its key metrics to Wall Street estimates and the year-ago actuals.
CareTrust REIT (CTRE) Q2 FFO Match Estimates
CareTrust REIT (CTRE) came out with quarterly funds from operations (FFO) of $0.36 per share, in line with the Zacks Consensus Estimate. This compares to FFO of $0.35 per share a year ago.
CareTrust REIT: A Growing REIT That Deserves A Spot In Your Portfolio
CareTrust REIT is a strong addition to a portfolio for income generation and growth potential. The company has shown impressive revenue growth and acquisitions, but flat earnings. But earnings are projected to grow at 7.2% going forward. With a strong balance sheet and growth strategy, CareTrust REIT is positioned for further growth and potential upside in share price.
CareTrust REIT: Solid Operational Performance, But I Don't Like The Capital Structure
CareTrust REIT is a Sun Belt-focused triple net lease Healthcare REIT investing primarily in skilled nursing facilities. The company has outperformed broad US REIT benchmarks in 2024, taking its market implied cap rate to 6.1% and FFO multiple to 17.4. With rent indexation, investors are still looking at a high single-digit returns.
Is the Options Market Predicting a Spike in CareTrust REIT (CTRE) Stock?
Investors need to pay close attention to CareTrust REIT (CTRE) stock based on the movements in the options market lately.
