Tearsheet
CTRE Home Investment Highlights Valuation, Metrics & Events Price Chart Why The Stock Moved Return vs. Risk About CTRE Interactive Breakdown Better Bets vs. CTRE Latest Trefis Analyses Trade Ideas More From Trefis Peer Comparisons FDIC Bank Data FDA Approved Drugs Data Financials Segment Financials Price Behavior Short Interest Earnings Returns History SEC Filings Insider Activity Trade Sentinel Industry Resource Links External Quote Links

CareTrust REIT (CTRE)

Market Price (3/15/2026): $40.02 | Market Cap: $8.9 Bil
Sector: Real Estate | Industry: Health Care REITs

CareTrust REIT (CTRE)

Market Price (3/15/2026): $40.02
Market Cap: $8.9 Bil
Sector: Real Estate
Industry: Health Care REITs

Investment Highlights Why It Matters Detailed financial logic regarding cash flow yields vs trend-riding momentum.

0 Attractive yield
Total YieldTotal Yield = Earnings Yield + Dividend Yield, Earnings Yield = Net Income / Market Cap Dividend Yield = Total Dividends / Market Cap is 5.2%		 Trading close to highs
Dist 52W High is -2.7%, Dist 3Y High is -2.7%		 Expensive valuation multiples
P/SPrice/Sales ratio is 24x, P/CFOPrice/(Cash Flow from Operations). CFO is cash before capital expenditures. is 23x
1 Strong revenue growth
Rev Chg LTMRevenue Change % Last Twelve Months (LTM) is 62%		  
2 Attractive operating margins
Op Mgn LTMOperating Margin = Operating Income / Revenue Reflects profitability before taxes and before impact of capital structure (interest payments). is 58%		  
3 Attractive cash flow generation
CFO/Rev LTMCash Flow from Operations / Revenue (Sales), Last Twelve Months (LTM) is 107%, FCF/Rev LTMFree Cash Flow / Revenue (Sales), Last Twelve Months (LTM) is 103%		  
4 Low stock price volatility
Vol 12M is 21%		  
5 Megatrend and thematic drivers
Megatrends include Aging Population & Chronic Disease. Themes include Geriatric Care. 		  
0 Attractive yield
Total YieldTotal Yield = Earnings Yield + Dividend Yield, Earnings Yield = Net Income / Market Cap Dividend Yield = Total Dividends / Market Cap is 5.2%
1 Strong revenue growth
Rev Chg LTMRevenue Change % Last Twelve Months (LTM) is 62%
2 Attractive operating margins
Op Mgn LTMOperating Margin = Operating Income / Revenue Reflects profitability before taxes and before impact of capital structure (interest payments). is 58%
3 Attractive cash flow generation
CFO/Rev LTMCash Flow from Operations / Revenue (Sales), Last Twelve Months (LTM) is 107%, FCF/Rev LTMFree Cash Flow / Revenue (Sales), Last Twelve Months (LTM) is 103%
4 Low stock price volatility
Vol 12M is 21%
5 Megatrend and thematic drivers
Megatrends include Aging Population & Chronic Disease. Themes include Geriatric Care.
6 Trading close to highs
Dist 52W High is -2.7%, Dist 3Y High is -2.7%
7 Expensive valuation multiples
P/SPrice/Sales ratio is 24x, P/CFOPrice/(Cash Flow from Operations). CFO is cash before capital expenditures. is 23x

Valuation, Metrics & Events

Price Chart

Why The Stock Moved

Qualitative Assessment

AI Analysis | Feedback

CareTrust REIT (CTRE) stock has gained about 10% since 11/30/2025 because of the following key factors:

1. Strong Fourth Quarter 2025 Earnings Beat and Robust 2026 Outlook. CareTrust REIT reported impressive financial results for the fourth quarter and full year ended December 31, 2025, significantly exceeding analyst expectations. The company posted Normalized Funds From Operations (FFO) per share of $0.47 for Q4 2025, a substantial beat compared to the analyst estimate of $0.37. Additionally, revenue reached $134.9 million, surpassing the estimated $112.8 million. For the full year 2025, Normalized FFO per share increased by 17% over the prior year to $1.76. Management provided a strong initial guidance for 2026, projecting Normalized FFO and Funds Available for Distribution (FAD) in a range of $1.90 to $1.95 per share, representing approximately 9.4% growth over 2025 results.

2. Aggressive External Growth and Portfolio Expansion. CareTrust REIT demonstrated significant growth through strategic investments and portfolio expansion. In 2025, the company closed $1.8 billion in investment activity at a blended stabilized yield of 8.6%. This included the acquisition of Care REIT, marking an entry into UK Care Homes, and its first Seniors Housing Operating Portfolio (SHOP) deal. As of December 31, 2025, CareTrust reported a pipeline of approximately $500 million, with an additional ~$215 million in investments closed subsequent to year-end. A notable acquisition during this period was the Mid-Atlantic Skilled Nursing Portfolio for approximately $142 million on January 5, 2026.

Show more

Stock Movement Drivers

Fundamental Drivers

The 7.6% change in CTRE stock from 11/30/2025 to 3/14/2026 was primarily driven by a 14.0% change in the company's Total Revenues ($ Mil).
(LTM values as of)113020253142026Change
Stock Price ($)37.1940.037.6%
Change Contribution By: 
Total Revenues ($ Mil)32436914.0%
Net Income Margin (%)80.6%86.8%7.6%
P/E Multiple30.127.8-7.6%
Shares Outstanding (Mil)212223-5.0%
Cumulative Contribution7.6%

LTM = Last Twelve Months as of date shown

Market Drivers

11/30/2025 to 3/14/2026
ReturnCorrelation
CTRE7.6% 
Market (SPY)-3.1%-22.4%
Sector (XLRE)1.4%15.3%

Fundamental Drivers

The 18.6% change in CTRE stock from 8/31/2025 to 3/14/2026 was primarily driven by a 33.3% change in the company's Total Revenues ($ Mil).
(LTM values as of)83120253142026Change
Stock Price ($)33.7740.0318.6%
Change Contribution By: 
Total Revenues ($ Mil)27736933.3%
Net Income Margin (%)79.4%86.8%9.3%
P/E Multiple29.527.8-5.8%
Shares Outstanding (Mil)192223-13.7%
Cumulative Contribution18.6%

LTM = Last Twelve Months as of date shown

Market Drivers

8/31/2025 to 3/14/2026
ReturnCorrelation
CTRE18.6% 
Market (SPY)3.0%-0.6%
Sector (XLRE)0.6%37.5%

Fundamental Drivers

The 61.3% change in CTRE stock from 2/28/2025 to 3/14/2026 was primarily driven by a 61.8% change in the company's Total Revenues ($ Mil).
(LTM values as of)22820253142026Change
Stock Price ($)24.8240.0361.3%
Change Contribution By: 
Total Revenues ($ Mil)22836961.8%
Net Income Margin (%)54.8%86.8%58.3%
P/E Multiple36.127.8-22.8%
Shares Outstanding (Mil)182223-18.4%
Cumulative Contribution61.3%

LTM = Last Twelve Months as of date shown

Market Drivers

2/28/2025 to 3/14/2026
ReturnCorrelation
CTRE61.3% 
Market (SPY)12.4%14.0%
Sector (XLRE)0.2%43.2%

Fundamental Drivers

The 134.3% change in CTRE stock from 2/28/2023 to 3/14/2026 was primarily driven by a 172.7% change in the company's P/S Multiple.
(LTM values as of)22820233142026Change
Stock Price ($)17.0840.03134.3%
Change Contribution By: 
Total Revenues ($ Mil)18836997.0%
P/S Multiple8.924.2172.7%
Shares Outstanding (Mil)97223-56.4%
Cumulative Contribution134.3%

LTM = Last Twelve Months as of date shown

Market Drivers

2/28/2023 to 3/14/2026
ReturnCorrelation
CTRE134.3% 
Market (SPY)73.4%21.9%
Sector (XLRE)21.3%50.6%

Return vs. Risk

Price Returns Compared

 202120222023202420252026Total [1]
Returns
CTRE Return8%-14%27%26%39%10%130%
Peers Return4%-6%26%51%40%11%187%
S&P 500 Return27%-19%24%23%16%-1%80%

Monthly Win Rates [3]
CTRE Win Rate58%58%58%67%58%67% 
Peers Win Rate50%46%60%73%63%60% 
S&P 500 Win Rate75%42%67%75%67%33% 

Max Drawdowns [4]
CTRE Max Drawdown-7%-28%-3%-9%-8%-0% 
Peers Max Drawdown-14%-21%-8%-7%-4%-3% 
S&P 500 Max Drawdown-1%-25%-1%-2%-15%-2% 

[1] Cumulative total returns since the beginning of 2021
[2] Peers: WELL, VTR, OHI, AHR, SBRA.
[3] Win Rate = % of calendar months in which monthly returns were positive
[4] Max drawdown represents maximum peak-to-trough decline within a year
[5] 2026 data is for the year up to 3/13/2026 (YTD)

How Low Can It Go

Unique KeyEventCTRES&P 500
2022 Inflation Shock2022 Inflation Shock  
2022 Inflation Shock% Loss% Loss-33.6%-25.4%
2022 Inflation Shock% Gain to Breakeven% Gain to Breakeven50.6%34.1%
2022 Inflation ShockTime to BreakevenTime to Breakeven707 days464 days
2020 Covid Pandemic2020 Covid Pandemic  
2020 Covid Pandemic% Loss% Loss-65.7%-33.9%
2020 Covid Pandemic% Gain to Breakeven% Gain to Breakeven191.2%51.3%
2020 Covid PandemicTime to BreakevenTime to Breakeven274 days148 days
2018 Correction2018 Correction  
2018 Correction% Loss% Loss-34.4%-19.8%
2018 Correction% Gain to Breakeven% Gain to Breakeven52.5%24.7%
2018 CorrectionTime to BreakevenTime to Breakeven199 days120 days

Compare to WELL, VTR, OHI, AHR, SBRA

In The Past

CareTrust REIT's stock fell -33.6% during the 2022 Inflation Shock from a high on 7/21/2021. A -33.6% loss requires a 50.6% gain to breakeven.

Preserve Wealth

Limiting losses and compounding gains is essential to preserving wealth.

Asset Allocation

Actively managed asset allocation strategies protect wealth. Learn more.

About CareTrust REIT (CTRE)

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 nationwide portfolio of long-term net-leased properties, and a growing portfolio of quality operators leasing them, CareTrust REIT is pursuing both external and organic growth opportunities across the United States.

AI Analysis | Feedback

Realty Income (O) for healthcare properties.

Public Storage (PSA) for nursing homes and senior living facilities.

American Tower (AMT) for healthcare infrastructure.

AI Analysis | Feedback

  • Property Ownership: CareTrust REIT holds a portfolio of skilled nursing, seniors housing, and other healthcare-related properties.
  • Property Acquisition: The company actively acquires existing healthcare properties to expand its investment portfolio.
  • Property Development: CareTrust REIT develops new healthcare properties to add to its asset base.
  • Property Leasing: The REIT provides its owned and developed healthcare properties to operators under long-term net leases.

AI Analysis | Feedback

CareTrust REIT (CTRE) is a real estate investment trust that owns and leases healthcare-related properties. Therefore, its major customers are the healthcare operating companies that lease these properties from CTRE, rather than individuals. Based on its business model and publicly available information, some of its significant customer companies (tenants) include:

  • The Ensign Group, Inc. (NASDAQ: ENSG)
  • The Pennant Group, Inc. (NASDAQ: PNTG)
  • Providence Group
  • Genesis Healthcare
  • Broad River Healthcare

AI Analysis | Feedback

null

AI Analysis | Feedback

null

AI Analysis | Feedback

null

AI Analysis | Feedback

The accelerated shift towards value-based care models and the increased adoption of home health and telehealth services pose an emerging threat to CareTrust REIT.

These trends are driven by a desire to reduce healthcare costs and improve patient outcomes by providing care in less institutional and often home-based settings. This could lead to reduced demand for skilled nursing and seniors housing beds, potentially resulting in lower occupancy rates and increased pressure on rental income and property valuations for CTRE's portfolio.

AI Analysis | Feedback

null

AI Analysis | Feedback

null

AI Analysis | Feedback

null

Better Bets vs. CareTrust REIT (CTRE)

Latest Trefis Analyses

Title
0ARTICLES

Trade Ideas

Select ideas related to CTRE.

Unique KeyDateTickerCompanyCategoryTrade Strategy6M Fwd Rtn12M Fwd Rtn12M Max DD
KRC_2272026_Dip_Buyer_ValueBuy02272026KRCKilroy RealtyDip BuyDB | P/E OPMDip Buy with Low PE and High Margin
Buying dips for companies with tame PE and meaningfully high operating margin		0.0%0.0%0.0%
AAT_2202026_Insider_Buying_GTE_1Mil_EBITp+DE_V202202026AATAmerican Assets TrustInsiderInsider Buys | Low D/EStrong Insider Buying
Companies with strong insider buying in the last 1 month, positive operating income and reasonable debt / market cap		-0.2%-0.2%-1.5%
LINE_12122025_Insider_Buying_GTE_1Mil_EBITp+DE_V212122025LINELineageInsiderInsider Buys | Low D/EStrong Insider Buying
Companies with strong insider buying in the last 1 month, positive operating income and reasonable debt / market cap		11.7%11.7%-7.3%
OHI_11302025_Insider_Buying_45D_2Buy_200K11302025OHIOmega Healthcare InvestorsInsiderInsider Buys 45DStrong Insider Buying
Companies with multiple insider buys in the last 45 days		6.7%6.7%-6.0%
ADC_10312025_Insider_Buying_GTE_1Mil_EBITp+DE_V210312025ADCAgree RealtyInsiderInsider Buys | Low D/EStrong Insider Buying
Companies with strong insider buying in the last 1 month, positive operating income and reasonable debt / market cap		11.8%11.8%-2.8%

Recent Active Movers

More From Trefis

Research & Analysis

Invest in Strategies

Wealth Management

Peer Comparisons

Peers to compare with:

Financials

CTREWELLVTROHIAHRSBRAMedian
NameCareTrus.WelltowerVentas Omega He.American.Sabra He. 
Mkt Price40.03207.8286.5648.0552.1620.6250.10
Mkt Cap8.9143.440.814.29.35.111.8
Rev LTM36910,6675,8341,1902,2607751,725
Op Inc LTM214355858744169264310
FCF LTM3792,8481,002879166349629
FCF 3Y Avg2532,19973574983320527
CFO LTM3942,8821,647879294349636
CFO 3Y Avg2642,2471,365749190320534

Growth & Margins

CTREWELLVTROHIAHRSBRAMedian
NameCareTrus.WelltowerVentas Omega He.American.Sabra He. 
Rev Chg LTM61.8%35.8%18.5%13.2%9.1%10.2%15.8%
Rev Chg 3Y Avg27.6%23.1%12.3%10.7%11.8%7.5%12.1%
Rev Chg Q72.8%41.2%21.7%14.3%11.3%16.2%18.9%
QoQ Delta Rev Chg LTM14.0%9.4%5.0%3.5%2.8%4.0%4.5%
Op Mgn LTM58.1%3.3%14.7%62.5%7.5%34.1%24.4%
Op Mgn 3Y Avg56.9%10.8%12.6%58.9%6.1%34.9%23.8%
QoQ Delta Op Mgn LTM2.3%-12.9%-0.0%0.1%-0.2%-1.7%-0.1%
CFO/Rev LTM106.7%27.0%28.2%73.8%13.0%45.0%36.6%
CFO/Rev 3Y Avg97.2%26.8%26.7%70.0%8.9%45.2%36.0%
FCF/Rev LTM102.6%26.7%17.2%73.8%7.3%45.0%35.9%
FCF/Rev 3Y Avg92.8%26.2%14.2%70.0%3.8%45.2%35.7%

Valuation

CTREWELLVTROHIAHRSBRAMedian
NameCareTrus.WelltowerVentas Omega He.American.Sabra He. 
Mkt Cap8.9143.440.814.29.35.111.8
P/S24.213.47.012.04.16.69.5
P/EBIT24.2833.847.517.068.919.135.8
P/E27.8153.0162.424.1132.733.182.9
P/CFO22.749.724.816.231.514.823.7
Total Yield5.2%0.7%2.7%9.6%2.5%8.7%4.0%
Dividend Yield1.6%0.0%2.1%5.5%1.8%5.6%1.9%
FCF Yield 3Y Avg4.9%2.7%2.7%7.4%-8.0%4.9%
D/E0.10.10.30.30.20.50.2
Net D/E0.10.10.30.30.20.50.2

Returns

CTREWELLVTROHIAHRSBRAMedian
NameCareTrus.WelltowerVentas Omega He.American.Sabra He. 
1M Rtn-0.3%0.2%1.6%2.1%0.9%1.8%1.2%
3M Rtn11.3%11.7%11.9%10.9%11.0%9.1%11.1%
6M Rtn19.3%23.8%25.8%16.7%23.6%11.7%21.5%
12M Rtn46.8%42.9%33.0%36.5%81.6%27.1%39.7%
3Y Rtn140.9%211.7%107.5%112.8%327.2%129.2%135.1%
1M Excs Rtn4.0%2.7%3.4%5.1%3.6%7.6%3.8%
3M Excs Rtn11.4%10.8%13.7%11.3%10.6%11.8%11.3%
6M Excs Rtn16.4%21.4%23.4%13.8%20.6%8.3%18.5%
12M Excs Rtn33.5%22.3%13.1%19.3%66.3%11.6%20.8%
3Y Excs Rtn65.2%127.5%29.8%44.4%257.5%49.3%57.2%

Financials

Segment Financials

Revenue by Segment
$ Mil20252024202320222021
Investments in healthcare-related real estate properties296    
Single Segment 218   
Interest and other income  923
Rental income  188190174
Independent living facilities   02
Total296218196192178


Net Income by Segment
$ Mil20252024202320222021
Investments in healthcare-related real estate properties125    
Total125    


Price Behavior

Price Behavior
Market Price$40.03 
Market Cap ($ Bil)8.9 
First Trading Date05/29/2014 
Distance from 52W High-2.7% 
   50 Days200 Days
DMA Price$38.49$34.42
DMA Trendupup
Distance from DMA4.0%16.3%
 3M1YR
Volatility21.2%20.7%
Downside Capture-66.02-20.17
Upside Capture-8.6423.57
Correlation (SPY)-21.5%14.2%
CTRE Betas & Captures as of 2/28/2026

 1M2M3M6M1Y3Y
Beta-0.90-0.45-0.430.020.160.31
Up Beta0.310.080.040.550.270.28
Down Beta-1.81-0.46-0.570.060.160.31
Up Capture-28%-15%-18%13%22%19%
Bmk +ve Days9203170142431
Stock +ve Days14253771144404
Down Capture-187%-117%-90%-51%-33%40%
Bmk -ve Days12213054109320
Stock -ve Days7162452105338

[1] Upside and downside betas calculated using positive and negative benchmark daily returns respectively
Based On 1-Year Data
Annualized
Return		Annualized
Volatility		Sharpe
Ratio		Correlation
with CTRE
CTRE54.8%20.9%1.99-
Sector ETF (XLRE)4.3%16.3%0.0842.2%
Equity (SPY)19.6%18.9%0.8113.0%
Gold (GLD)71.9%26.3%2.056.5%
Commodities (DBC)19.3%17.3%0.893.7%
Real Estate (VNQ)6.2%16.3%0.1942.6%
Bitcoin (BTCUSD)-15.3%44.2%-0.25-1.7%

Smart multi-asset allocation framework can stack odds in your favor. Learn How
Based On 5-Year Data
Annualized
Return		Annualized
Volatility		Sharpe
Ratio		Correlation
with CTRE
CTRE17.5%24.0%0.65-
Sector ETF (XLRE)6.0%19.0%0.2255.2%
Equity (SPY)13.1%17.0%0.6134.4%
Gold (GLD)24.1%17.3%1.1411.7%
Commodities (DBC)11.2%19.0%0.477.2%
Real Estate (VNQ)4.8%18.8%0.1657.4%
Bitcoin (BTCUSD)6.3%56.7%0.3311.0%

Smart multi-asset allocation framework can stack odds in your favor. Learn How
Based On 10-Year Data
Annualized
Return		Annualized
Volatility		Sharpe
Ratio		Correlation
with CTRE
CTRE18.7%35.1%0.58-
Sector ETF (XLRE)6.8%20.4%0.2956.2%
Equity (SPY)14.5%17.9%0.7042.3%
Gold (GLD)14.4%15.6%0.777.9%
Commodities (DBC)8.6%17.6%0.4018.4%
Real Estate (VNQ)5.6%20.7%0.2361.7%
Bitcoin (BTCUSD)67.4%66.8%1.0715.0%

Smart multi-asset allocation framework can stack odds in your favor. Learn How

Short Interest

Short Interest: As Of Date2272026
Short Interest: Shares Quantity15.3 Mil
Short Interest: % Change Since 215202623.4%
Average Daily Volume1.9 Mil
Days-to-Cover Short Interest8.2 days
Basic Shares Quantity223.0 Mil
Short % of Basic Shares6.9%

Returns Analyses

Earnings Returns History

Expand for More
 Forward Returns
Earnings Date1D Returns5D Returns21D Returns
2/12/2026-0.3%-0.2% 
11/5/2025-1.2%0.6%4.8%
8/6/2025-0.3%1.3%4.0%
5/1/2025-1.8%-0.4%-0.4%
2/12/20253.7%0.2%11.1%
10/29/20242.8%-3.4%-6.3%
8/2/2024-1.9%1.6%7.7%
5/2/2024-1.3%-3.0%1.9%
...
SUMMARY STATS   
# Positive111216
# Negative13127
Median Positive1.3%2.5%4.9%
Median Negative-1.1%-2.5%-4.2%
Max Positive10.3%8.7%31.2%
Max Negative-7.0%-10.1%-6.3%

SEC Filings

Expand for More
Report DateFiling DateFiling
12/31/202502/12/202610-K
09/30/202511/05/202510-Q
06/30/202508/06/202510-Q
03/31/202505/01/202510-Q
12/31/202402/12/202510-K
09/30/202410/29/202410-Q
06/30/202408/02/202410-Q
03/31/202405/02/202410-Q
12/31/202302/08/202410-K
09/30/202311/09/202310-Q
06/30/202308/03/202310-Q
03/31/202305/10/202310-Q
12/31/202202/09/202310-K
09/30/202211/08/202210-Q
06/30/202208/04/202210-Q
03/31/202205/05/202210-Q

External Quote Links


Prefer one of these to Trefis? Tell us why.