Reading the tape
NYSE: CTRE
CareTrust REIT, Inc.
Real Estate · REIT - Healthcare Facilities
Market Cap
$8.82B
52w High
$41.72
52w Low
$27.72
P/E
27.45
Volume
751.52K
Outstanding Shares
223.24M
Price vs Fundamentals
Why The Stock Is Moving
Optimism is getting priced inModerate confidence
Note: The most recent financial data is over 3 months old. Metrics shown may not reflect the latest reporting period.
1Y Price: 36.58%Revenue (TTM): 73.92%FCF (TTM): 60.47%P/FCF: 95th pct
What changed
The stock rose 36.58% over the last year. Revenue grew 73.92% over the trailing twelve months. Operating margin moved from 54.35% to 59.94%. Free cash flow grew 60.47% over the trailing twelve months.
What the market seems to be pricing
The stock is trading toward the richer end of its historical P/FCF range (95th percentile) while business metrics are improving. More of the upside is already embedded in the multiple now.
What would invalidate this read
Operating margin is at 59.94% — continued expansion would be needed to justify the premium. Revenue growth of 73.92% is encouraging, but any deceleration puts the stretched multiple at risk. This read changes if revenue, margins, and cash flow continue to improve faster than expected — in that case the richer multiple could still prove conservative.
Company profile
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.
CEODavid Sedgwick
SectorReal Estate
IndustryREIT - Healthcare Facilities
Employees21
IPO dateMay 29, 2014
Valuation
Forward P/E—
EV/EBITDA17.44
Enterprise value$8.06B
Price / Book2.19
Stock splits
No stock splits recorded for this ticker.
Profitability & growth
Standard profitability metrics can be misleading for financial/insurance companies. GAAP requires unrealized investment gains/losses in net income (affecting ROE), and margins are blended across diverse business segments.
Revenue growth117.13%
Gross margin84.06%▼37.14%vs FY2024
Operating margin59.94%▲23.60%vs FY2024
ROE7.94%▲84.70%vs FY2024
Analyst consensus
RatingBuy
Target price$42.50▲7.59%
14
Buy
4
Hold
1
Sell
Analyst ratings tend to be lagging indicators. Use as one signal among many.
Earnings
Full quarter-by-quarter history of actuals vs estimates. Switch into compare mode to inspect one metric year-over-year.
Next report
May 7, 2026
Q2 FY26 · EPS est $0.37 · Revenue est $112.85M
View
Dividends
$1.40/shareQuarterlyDividend Achiever · 10yrAdequateCTRE pays a dividend with a 3.53% dividend yield, 10 consecutive years of growth, growing at 6.57% annually, covered 1.5× by free cash flow.
Dividend Yield
3.53%
Annual Div / Share
$1.40
5yr CAGR
+6.57%
Doubles every ~10.9yr
FCF Coverage
1.5×
Adequate
Dividend Growth Rate
3yr CAGR
+8.08%
5yr CAGR
+6.57%
10yr CAGR
+7.94%
Dividend Safety
5/10Adequate
Dividend History
Annualized dividend cycles per share
YearAnnual DivYoY
2025$1.40+15.8%
2024$1.21+6.6%
2023$1.13+2.3%
2022$1.10+3.3%
2021$1.07+5.4%
2020$1.01+9.7%
2019$0.93+10.1%
Income Projection
Invest
$
Growth rate:
Reinvest dividends
Today
$35/yr
$3/mo
In 5 yrs
$49/yr+37%
$4/mo
In 10 yrs
$67/yr+89%
$6/mo
| Today | In 5 yrs | In 10 yrs |
|---|---|---|
$35/yr $3/mo | $49/yr+37% $4/mo | $67/yr+89% $6/mo |
Yield-on-cost grows from 3.53% → 6.67% over 10yr
Analysis
Dividend Strengths
Dividend Achiever
CTRE has raised its dividend for 10 consecutive years — qualifying as a Dividend Achiever, demonstrating long-term commitment to shareholder income.
Strong dividend growth rate
The 5-year CAGR of 6.57% meaningfully outpaces inflation, compounding real income growth for long-term holders.
Risks to Watch
No strong risk signal stands out from the latest period pair.