CareTrust REIT (CTRE)
Market Price (7/20/2026): $43.18 | Market Cap: $9.6 BilSector: Real Estate | Industry: Health Care REITs
CareTrust REIT (CTRE)
Market Price (7/20/2026): $43.18Market Cap: $9.6 BilSector: Real EstateIndustry: Health Care REITs
Investment Highlights Why It Matters Detailed financial logic regarding cash flow yields vs trend-riding momentum.
Strong revenue growthRev Chg LTMRevenue Change % Last Twelve Months (LTM) is 69% Attractive operating marginsOp Mgn LTMOperating Margin = Operating Income / Revenue Reflects profitability before taxes and before impact of capital structure (interest payments). is 58% Attractive cash flow generationCFO/Rev LTMCash Flow from Operations / Revenue (Sales), Last Twelve Months (LTM) is 99%, FCF/Rev LTMFree Cash Flow / Revenue (Sales), Last Twelve Months (LTM) is 96% Low stock price volatilityVol 12M is 25% Megatrend and thematic driversMegatrends include Aging Population & Chronic Disease. Themes include Geriatric Care. | Trading close to highsDist 52W High is 0.0%, Dist 3Y High is 0.0% Meaningful short interestShort Interest % of Basic SharesShort Interest % of Basic Shares = (Short Interest Quantity) / (Basic Shares Outstanding). A high fraction of short interest can indicate potential risk of a short squeeze. is 11% | Expensive valuation multiplesP/SPrice/Sales ratio is 23x Key risksCTRE key risks include [1] significant tenant concentration with its largest operators and [2] integration challenges from its rapid portfolio expansion through acquisitions. |
| Strong revenue growthRev Chg LTMRevenue Change % Last Twelve Months (LTM) is 69% |
| Attractive operating marginsOp Mgn LTMOperating Margin = Operating Income / Revenue Reflects profitability before taxes and before impact of capital structure (interest payments). is 58% |
| Attractive cash flow generationCFO/Rev LTMCash Flow from Operations / Revenue (Sales), Last Twelve Months (LTM) is 99%, FCF/Rev LTMFree Cash Flow / Revenue (Sales), Last Twelve Months (LTM) is 96% |
| Low stock price volatilityVol 12M is 25% |
| Megatrend and thematic driversMegatrends include Aging Population & Chronic Disease. Themes include Geriatric Care. |
| Trading close to highsDist 52W High is 0.0%, Dist 3Y High is 0.0% |
| Meaningful short interestShort Interest % of Basic SharesShort Interest % of Basic Shares = (Short Interest Quantity) / (Basic Shares Outstanding). A high fraction of short interest can indicate potential risk of a short squeeze. is 11% |
| Expensive valuation multiplesP/SPrice/Sales ratio is 23x |
| Key risksCTRE key risks include [1] significant tenant concentration with its largest operators and [2] integration challenges from its rapid portfolio expansion through acquisitions. |
Qualitative Assessment
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CareTrust REIT (CTRE) stock has gained about 20% since 3/31/2026 because of the following key factors:
1. Strong Fiscal Q1 2026 Financial Performance and Increased Guidance.
CareTrust REIT reported robust operating results for fiscal Q1 2026 (ended March 31, 2026), with net income per diluted weighted average share increasing 3% year-over-year to $0.36, and Normalized Funds From Operations (FFO) per diluted weighted average share rising 14% year-over-year to $0.48. These figures either met or exceeded analyst consensus estimates. Following these strong results, CareTrust REIT subsequently increased its 2026 guidance for Normalized FFO and Funds Available for Distribution (FAD), signaling confidence in continued growth.
2. Significant Investment Activity and Aggressive Capital Deployment.
The company demonstrated substantial growth through acquisitions, closing $245.1 million in investment activity during fiscal Q1 2026 at a blended stabilized yield of 8.8%. Furthermore, CareTrust REIT announced an additional $864.1 million in investment activity closed since fiscal quarter-end (after March 31, 2026) at an 8.9% blended stabilized yield, indicating aggressive and successful capital deployment aimed at expanding its portfolio of healthcare-related properties.
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CareTrust REIT (CTRE) stock has gained about 20% since 3/31/2026 because of the following key factors:
1. Strong Fiscal Q1 2026 Financial Performance and Increased Guidance.
CareTrust REIT reported robust operating results for fiscal Q1 2026 (ended March 31, 2026), with net income per diluted weighted average share increasing 3% year-over-year to $0.36, and Normalized Funds From Operations (FFO) per diluted weighted average share rising 14% year-over-year to $0.48. These figures either met or exceeded analyst consensus estimates. Following these strong results, CareTrust REIT subsequently increased its 2026 guidance for Normalized FFO and Funds Available for Distribution (FAD), signaling confidence in continued growth.
2. Significant Investment Activity and Aggressive Capital Deployment.
The company demonstrated substantial growth through acquisitions, closing $245.1 million in investment activity during fiscal Q1 2026 at a blended stabilized yield of 8.8%. Furthermore, CareTrust REIT announced an additional $864.1 million in investment activity closed since fiscal quarter-end (after March 31, 2026) at an 8.9% blended stabilized yield, indicating aggressive and successful capital deployment aimed at expanding its portfolio of healthcare-related properties.
3. Positive Analyst Sentiment and Upgraded Price Targets.
CareTrust REIT has garnered a consensus "Buy" or "Strong Buy" rating from a significant number of analysts. Multiple investment firms, including Wells Fargo, BMO Capital Markets, KeyCorp, and Mizuho, raised their price targets for CTRE shares during Q2 2026 and early Q3 2026, with an average target price ranging from $44.82 to $45.31. This reflects strong market confidence in the company's operational execution and future earnings potential.
4. Increased Dividend Payout and Investment Grade Rating Upgrade.
CareTrust REIT enhanced shareholder returns by declaring a quarterly dividend of $0.39 per share, representing a 16.4% year-over-year increase. Concurrently, Moody's upgraded the company's investment grade rating, further bolstering investor confidence in CareTrust REIT's financial health, prudent management, and ability to sustain and grow its distributions.
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Stock Movement Drivers
Fundamental Drivers
The 18.1% change in CTRE stock from 3/31/2026 to 7/19/2026 was primarily driven by a 13.1% change in the company's P/E Multiple.| (LTM values as of) | 3312026 | 7192026 | Change |
|---|---|---|---|
| Stock Price ($) | 36.30 | 42.88 | 18.1% |
| Change Contribution By: | |||
| Total Revenues ($ Mil) | 369 | 416 | 12.6% |
| Net Income Margin (%) | 86.8% | 80.6% | -7.2% |
| P/E Multiple | 25.2 | 28.6 | 13.1% |
| Shares Outstanding (Mil) | 223 | 223 | 0.0% |
| Cumulative Contribution | 18.1% |
Market Drivers
3/31/2026 to 7/19/2026| Return | Correlation | |
|---|---|---|
| CTRE | 18.1% | |
| Market (SPY) | 14.3% | -15.5% |
| Sector (XLRE) | 11.2% | 45.7% |
Fundamental Drivers
The 21.0% change in CTRE stock from 12/31/2025 to 7/19/2026 was primarily driven by a 28.3% change in the company's Total Revenues ($ Mil).| (LTM values as of) | 12312025 | 7192026 | Change |
|---|---|---|---|
| Stock Price ($) | 35.43 | 42.88 | 21.0% |
| Change Contribution By: | |||
| Total Revenues ($ Mil) | 324 | 416 | 28.3% |
| Net Income Margin (%) | 80.6% | 80.6% | -0.1% |
| P/E Multiple | 28.7 | 28.6 | -0.5% |
| Shares Outstanding (Mil) | 212 | 223 | -5.1% |
| Cumulative Contribution | 21.0% |
Market Drivers
12/31/2025 to 7/19/2026| Return | Correlation | |
|---|---|---|
| CTRE | 21.0% | |
| Market (SPY) | 9.3% | -3.3% |
| Sector (XLRE) | 13.3% | 43.0% |
Fundamental Drivers
The 45.7% change in CTRE stock from 6/30/2025 to 7/19/2026 was primarily driven by a 68.8% change in the company's Total Revenues ($ Mil).| (LTM values as of) | 6302025 | 7192026 | Change |
|---|---|---|---|
| Stock Price ($) | 29.42 | 42.88 | 45.7% |
| Change Contribution By: | |||
| Total Revenues ($ Mil) | 246 | 416 | 68.8% |
| Net Income Margin (%) | 65.8% | 80.6% | 22.4% |
| P/E Multiple | 34.0 | 28.6 | -15.9% |
| Shares Outstanding (Mil) | 187 | 223 | -16.1% |
| Cumulative Contribution | 45.7% |
Market Drivers
6/30/2025 to 7/19/2026| Return | Correlation | |
|---|---|---|
| CTRE | 45.7% | |
| Market (SPY) | 21.3% | 3.5% |
| Sector (XLRE) | 12.5% | 44.1% |
Fundamental Drivers
The 146.5% change in CTRE stock from 6/30/2023 to 7/19/2026 was primarily driven by a 174.9% change in the company's Net Income Margin (%).| (LTM values as of) | 6302023 | 7192026 | Change |
|---|---|---|---|
| Stock Price ($) | 17.40 | 42.88 | 146.5% |
| Change Contribution By: | |||
| Total Revenues ($ Mil) | 188 | 416 | 121.6% |
| Net Income Margin (%) | 29.3% | 80.6% | 174.9% |
| P/E Multiple | 31.3 | 28.6 | -8.9% |
| Shares Outstanding (Mil) | 99 | 223 | -55.6% |
| Cumulative Contribution | 146.5% |
Market Drivers
6/30/2023 to 7/19/2026| Return | Correlation | |
|---|---|---|
| CTRE | 146.5% | |
| Market (SPY) | 73.6% | 16.3% |
| Sector (XLRE) | 32.3% | 46.5% |
Price Returns Compared
| 2021 | 2022 | 2023 | 2024 | 2025 | 2026 | Total [1] | |
|---|---|---|---|---|---|---|---|
| Returns | |||||||
| CTRE Return | 8% | -14% | 27% | 26% | 39% | 18% | 147% |
| Peers Return | 4% | -6% | 26% | 51% | 40% | 20% | 212% |
| S&P 500 Return | 27% | -19% | 24% | 23% | 16% | 10% | 101% |
Monthly Win Rates [3] | |||||||
| CTRE Win Rate | 58% | 58% | 58% | 67% | 58% | 71% | |
| Peers Win Rate | 50% | 46% | 60% | 73% | 63% | 63% | |
| S&P 500 Win Rate | 75% | 42% | 67% | 75% | 67% | 57% | |
Max Drawdowns [4] | |||||||
| CTRE Max Drawdown | -18% | -29% | -14% | -18% | -10% | -14% | |
| Peers Max Drawdown | -23% | -32% | -19% | -13% | -11% | -13% | |
| S&P 500 Max Drawdown | -5% | -25% | -10% | -8% | -19% | -9% | |
[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 7/17/2026 (YTD)
How Low Can It Go
| Event | CTRE | S&P 500 |
|---|---|---|
| 2023 SVB Regional Banking Crisis | ||
| % Loss | -11.2% | -6.7% |
| % Gain to Breakeven | 12.6% | 7.1% |
| Time to Breakeven | 19 days | 31 days |
| 2022 Inflation Shock & Fed Tightening | ||
| % Loss | -28.9% | -24.5% |
| % Gain to Breakeven | 40.7% | 32.4% |
| Time to Breakeven | 528 days | 427 days |
| 2020 COVID-19 Crash | ||
| % Loss | -64.9% | -33.7% |
| % Gain to Breakeven | 184.5% | 50.9% |
| Time to Breakeven | 268 days | 140 days |
| 2016-2017 Trump Reflation Bond Selloff | ||
| % Loss | -12.5% | -3.7% |
| % Gain to Breakeven | 14.3% | 3.9% |
| Time to Breakeven | 34 days | 6 days |
| 2015-2016 China Devaluation / Global Growth Scare | ||
| % Loss | -13.1% | -12.2% |
| % Gain to Breakeven | 15.1% | 13.9% |
| Time to Breakeven | 14 days | 62 days |
| 2014-2016 Oil Price Collapse | ||
| % Loss | -23.1% | -6.8% |
| % Gain to Breakeven | 30.1% | 7.3% |
| Time to Breakeven | 54 days | 15 days |
In The Past
CareTrust REIT's stock fell -3.6% during the 2025 US Tariff Shock. Such a loss loss requires a 3.7% gain to breakeven.
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| Event | CTRE | S&P 500 |
|---|---|---|
| 2022 Inflation Shock & Fed Tightening | ||
| % Loss | -28.9% | -24.5% |
| % Gain to Breakeven | 40.7% | 32.4% |
| Time to Breakeven | 528 days | 427 days |
| 2020 COVID-19 Crash | ||
| % Loss | -64.9% | -33.7% |
| % Gain to Breakeven | 184.5% | 50.9% |
| Time to Breakeven | 268 days | 140 days |
| 2014-2016 Oil Price Collapse | ||
| % Loss | -23.1% | -6.8% |
| % Gain to Breakeven | 30.1% | 7.3% |
| Time to Breakeven | 54 days | 15 days |
In The Past
CareTrust REIT's stock fell -3.6% during the 2025 US Tariff Shock. Such a loss loss requires a 3.7% 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 (CTRE) is a real estate investment trust (REIT) that specializes in the healthcare sector. As a self-administered and publicly-traded company, CTRE's core business involves the ownership, acquisition, development, and leasing of a nationwide portfolio of real estate properties. The company aims to provide stable returns through its long-term net-leased properties.
The main properties in CTRE's portfolio include skilled nursing facilities, seniors housing, and other healthcare-related real estate. Its primary "product" or service is providing these essential facilities through long-term leases to various healthcare operators. This business model generates rental income, which is then distributed to shareholders as required by REIT regulations.
CareTrust REIT's primary customers are the "quality operators" who lease its properties to provide healthcare services to their residents and patients. By supporting these operators with critical real estate, CTRE serves the broad healthcare market across the United States, targeting both external acquisitions and organic growth opportunities within this sector.
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Realty Income (O) for healthcare properties.
Public Storage (PSA) for nursing homes and senior living facilities.
American Tower (AMT) for healthcare infrastructure.
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- 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.
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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
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David M. Sedgwick, President and Chief Executive Officer
David M. Sedgwick has served as President and Chief Executive Officer of CareTrust REIT since January 2022, and as President since February 2021. He was a founding employee of CareTrust REIT and a key leader since its inception in 2014. Prior to joining CareTrust REIT, Mr. Sedgwick held several key leadership roles at The Ensign Group, Inc., CareTrust's predecessor, from 2001 to 2014. He is a licensed nursing home administrator and, from 2007 to 2012, served as Ensign's President of Facility Services & Chief Human Capital Officer, overseeing facility support services, new acquisition integration, and the facility CEO recruiting and training program. He also operated three Ensign skilled nursing facilities from 2002 to 2007.
Derek Bunker, Chief Financial Officer and Treasurer
Derek Bunker assumed the role of Chief Financial Officer and Treasurer for CareTrust REIT effective January 1, 2026. He joined CareTrust in 2025 as Senior Vice President of Strategy and Investor Relations, where he was instrumental in leading the acquisition of the Care REIT portfolio in the United Kingdom. Mr. Bunker brings over a decade of healthcare leadership experience to his role, including previous positions as Vice President of Acquisitions and Business Legal Affairs at The Ensign Group and Chief Investment Officer and Executive Vice President at The Pennant Group. His extensive background spans finance, investments, capital markets, investor relations, and seniors housing and skilled nursing operations.
William M. Wagner, Former Chief Financial Officer and Treasurer
William M. Wagner served as Chief Financial Officer and Treasurer of CareTrust REIT since December 2013, having been the CFO and principal accounting officer since the company's inception, and plans to retire in early 2026. He was an instrumental leader in guiding the company's finance and capital market efforts through more than a decade of growth and transformation. Before joining CareTrust REIT, Mr. Wagner was the Chief Financial Officer of First Team Real Estate from 2012 to 2013. He also held senior leadership positions as Senior Vice President and Chief Accounting Officer at Nationwide Health Properties, Inc., a healthcare REIT, from 2008 to 2012, and at Sunstone Hotel Investors, Inc., a lodging REIT, from 2004 to 2008. Earlier in his career, he worked for EY Kenneth Leventhal Real Estate Group, serving several REIT clients.
James B. Callister, Chief Investment Officer and Secretary
James B. Callister has served as CareTrust REIT's Chief Investment Officer and Secretary since December 31, 2022. Prior to this, he was the Executive Vice President and Secretary from July 2022.
Lauren Beale, Senior Vice President and Chief Accounting Officer
Lauren Beale is the Senior Vice President and Chief Accounting Officer for CareTrust REIT. She is responsible for managing the company's accounting and financial reporting. As part of the CFO transition plan, Ms. Beale will be taking on expanded responsibilities.
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1. Tenant Performance and Solvency Risk
CareTrust REIT is heavily reliant on the ability and willingness of its healthcare operators, particularly those in skilled nursing and seniors housing, to meet their lease obligations under triple-net leases. The financial health and operational success of these tenants are paramount, as they bear the costs related to property maintenance and operations. Any financial deterioration, insolvency, or bankruptcy of key tenants, especially if there is a concentration of properties leased to a single operator, could materially impact CareTrust REIT's rental income, financial condition, and ability to pay dividends.
2. Regulatory and Healthcare Industry Changes
The healthcare industry, which forms the core of CareTrust REIT's investment portfolio, is subject to significant and evolving regulatory changes at federal, state, and local levels. Shifts in healthcare policies, reimbursement models (e.g., Medicare and Medicaid), licensing requirements, or even long-term trends like the increasing preference for home-based care over facility-based care, can adversely affect the operational viability and profitability of CareTrust's tenants. Such changes could lead to reduced occupancy, lower revenue for operators, and ultimately impact their capacity to fulfill lease payments, thereby affecting CareTrust REIT's financial performance.
3. Interest Rate Fluctuations and Broader Economic Conditions
As a real estate investment trust, CareTrust REIT's business is sensitive to changes in interest rates and overall economic conditions. Higher interest rates can increase the cost of debt for both CareTrust REIT and its tenants, potentially impacting acquisition strategies, refinancing efforts, and the financial stability of operators. Additionally, broader economic downturns, inflationary pressures, or other market volatilities can affect consumer demand for seniors housing and skilled nursing services, influence property valuations, and reduce the ability of tenants to generate sufficient revenue to cover their lease obligations.
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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.
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CareTrust REIT (CTRE) is expected to drive future revenue growth over the next 2-3 years through several key strategies:
- Strategic Acquisitions and Investment Activity: CareTrust REIT has demonstrated a strong focus on external growth through significant investment activity. In 2025, the company's acquisitions totaled $1.8 billion, surpassing its 2024 record. Management anticipates continued robust investment, with a current acquisition pipeline of approximately $500 million. This active pursuit of new properties is a primary engine for increasing rental income and expanding the company's asset base.
- Annual Rent Escalators: A consistent driver of organic revenue growth for CareTrust REIT is its contractual annual rent escalators. The company's properties typically include provisions for 2.5% annual rent increases, contributing to steady revenue expansion from its existing portfolio.
- Geographic and Asset Type Diversification (including UK expansion): CareTrust REIT is actively diversifying its portfolio both geographically and by asset type. The company is expanding internationally, notably with acquisitions of care homes in the United Kingdom. Approximately half of its current investment pipeline is dedicated to the UK market. This diversification, moving beyond its traditional U.S. skilled nursing facilities, positions the REIT to capitalize on broader demand in the senior housing and post-acute care sectors.
- Growth of the Senior Housing Operating Portfolio (SHOP) Segment: The company has launched and is expanding its Senior Housing Operating Portfolio (SHOP) platform as a distinct growth engine. This strategy involves direct operational exposure to senior housing, providing an additional avenue for revenue generation beyond traditional net-leased properties. CareTrust REIT's pipeline includes SHOP deals, demonstrating a commitment to growing this segment.
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Share Repurchases
- CareTrust REIT's Buyback Coverage ratio has consistently been 0.0x, indicating no significant share repurchases over the last several years.
Share Issuance
- In 2025, CareTrust REIT raised $1.1 billion in gross proceeds through equity issuances, with an additional $242.5 million related to unsettled forward contracts under an At-The-Market (ATM) program as of December 31, 2025.
- A public offering of common stock in the third quarter of 2025 generated $736.0 million in gross proceeds.
- In February 2026, the company established a new ATM equity offering program authorizing the issuance of up to $1.0 billion in common stock.
Outbound Investments
- CareTrust REIT engaged in $1.8 billion of investment activity in 2025, achieving a blended stabilized yield of 8.6%.
- Significant acquisitions in 2025 included a $437 million investment in 12 skilled nursing facilities and one skilled nursing campus across the Southeast and Mid-Atlantic.
- In March 2025, CareTrust REIT announced an $817 million recommended cash offer for the U.K. real estate investment trust Care REIT, marking its strategic entry into the UK care home market.
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Peer Comparisons
| Peers to compare with: |
Financials
| Median | |
|---|---|
| Name | |
| Mkt Price | 53.69 |
| Mkt Cap | 12.8 |
| Rev LTM | 1,803 |
| Op Inc LTM | 400 |
| FCF LTM | 655 |
| FCF 3Y Avg | 552 |
| CFO LTM | 663 |
| CFO 3Y Avg | 557 |
Growth & Margins
| Median | |
|---|---|
| Name | |
| Rev Chg LTM | 17.3% |
| Rev Chg 3Y Avg | 13.5% |
| Rev Chg Q | 21.4% |
| QoQ Delta Rev Chg LTM | 5.0% |
| Op Inc Chg LTM | 15.0% |
| Op Inc Chg 3Y Avg | 27.6% |
| Op Mgn LTM | 23.4% |
| Op Mgn 3Y Avg | 23.7% |
| QoQ Delta Op Mgn LTM | -0.3% |
| CFO/Rev LTM | 36.6% |
| CFO/Rev 3Y Avg | 36.0% |
| FCF/Rev LTM | 35.2% |
| FCF/Rev 3Y Avg | 35.5% |
Valuation
| Median | |
|---|---|
| Name | |
| Mkt Cap | 12.8 |
| P/S | 9.8 |
| P/Op Inc | 46.3 |
| P/EBIT | 38.5 |
| P/E | 69.6 |
| P/CFO | 24.9 |
| Total Yield | 3.8% |
| Dividend Yield | 1.8% |
| FCF Yield 3Y Avg | 3.8% |
| D/E | 0.2 |
| Net D/E | 0.2 |
Segment Financials
Revenue by Segment| $ Mil | 2025 | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|---|
| Investments in healthcare-related real estate properties | 476 | 296 | |||
| Single Segment | 218 | ||||
| Interest and other income | 9 | 2 | |||
| Rental income | 188 | 190 | |||
| Independent living facilities | 0 | ||||
| Total | 476 | 296 | 218 | 196 | 192 |
| $ Mil | 2025 | 2024 |
|---|---|---|
| Investments in healthcare-related real estate properties | 321 | 125 |
| Total | 321 | 125 |
Price Behavior
| Market Price | $42.88 | |
| Market Cap ($ Bil) | 9.6 | |
| First Trading Date | 05/29/2014 | |
| Distance from 52W High | 0.0% | |
| 50 Days | 200 Days | |
| DMA Price | $39.66 | $37.32 |
| DMA Trend | up | up |
| Distance from DMA | 8.1% | 14.9% |
| 3M | 1YR | |
| Volatility | 29.9% | 24.7% |
| Downside Capture | -118.00 | -36.00 |
| Upside Capture | -51.14 | 17.28 |
| Correlation (SPY) | -16.4% | 3.8% |
| 1M | 2M | 3M | 6M | 1Y | 3Y | |
|---|---|---|---|---|---|---|
| Beta | -0.54 | -0.23 | -0.12 | 0.03 | 0.13 | 0.25 |
| Up Beta | 0.35 | 0.71 | 0.17 | 0.22 | 0.31 | 0.23 |
| Down Beta | 0.02 | 0.20 | 0.03 | 0.20 | 0.15 | 0.26 |
| Up Capture | -97% | -42% | 2% | 3% | 18% | 14% |
| Bmk +ve Days | 11 | 24 | 40 | 67 | 140 | 429 |
| Stock +ve Days | 12 | 22 | 35 | 69 | 140 | 404 |
| Down Capture | -98% | -99% | -87% | -32% | -24% | 26% |
| Bmk -ve Days | 10 | 17 | 23 | 58 | 112 | 321 |
| Stock -ve Days | 9 | 19 | 27 | 55 | 109 | 338 |
[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 | |
|---|---|---|---|---|
| CTRE | 46.9% | 24.6% | 1.51 | - |
| Sector ETF (XLRE) | 11.6% | 14.3% | 0.54 | 44.5% |
| Equity (SPY) | 20.2% | 12.6% | 1.18 | 2.7% |
| Gold (GLD) | 19.6% | 28.0% | 0.63 | 1.0% |
| Commodities (DBC) | 30.0% | 19.0% | 1.25 | -12.8% |
| Real Estate (VNQ) | 15.7% | 14.0% | 0.81 | 47.8% |
| Bitcoin (BTCUSD) | -46.3% | 42.8% | -1.33 | -6.7% |
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Based On 5-Year Data
| Annualized Return | Annualized Volatility | Sharpe Ratio | Correlation with CTRE | |
|---|---|---|---|---|
| CTRE | 18.2% | 24.6% | 0.65 | - |
| Sector ETF (XLRE) | 3.0% | 19.1% | 0.06 | 54.7% |
| Equity (SPY) | 12.8% | 17.1% | 0.57 | 31.4% |
| Gold (GLD) | 16.9% | 18.4% | 0.74 | 10.1% |
| Commodities (DBC) | 8.7% | 19.5% | 0.34 | 4.8% |
| Real Estate (VNQ) | 2.9% | 18.9% | 0.05 | 56.7% |
| Bitcoin (BTCUSD) | 13.6% | 53.5% | 0.44 | 10.5% |
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Based On 10-Year Data
| Annualized Return | Annualized Volatility | Sharpe Ratio | Correlation with CTRE | |
|---|---|---|---|---|
| CTRE | 17.2% | 35.4% | 0.54 | - |
| Sector ETF (XLRE) | 6.6% | 20.4% | 0.28 | 56.2% |
| Equity (SPY) | 15.3% | 17.9% | 0.73 | 41.5% |
| Gold (GLD) | 11.0% | 16.1% | 0.55 | 8.2% |
| Commodities (DBC) | 7.0% | 17.9% | 0.31 | 17.3% |
| Real Estate (VNQ) | 5.3% | 20.7% | 0.22 | 61.5% |
| Bitcoin (BTCUSD) | 58.5% | 66.2% | 0.99 | 14.8% |
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Returns Analyses
Earnings Returns History
Updated 6/10/2026| Forward Returns | |||
|---|---|---|---|
| Earnings Date | 1D Returns | 5D Returns | 21D Returns |
| 5/7/2026 | 5.3% | 6.2% | -6.5% |
| 2/12/2026 | -0.3% | -0.2% | -0.0% |
| 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% |
| 2/12/2025 | 3.7% | 0.2% | 11.1% |
| 10/29/2024 | 2.8% | -3.4% | -6.3% |
| 8/2/2024 | -1.9% | 1.6% | 7.7% |
| ... | |||
| SUMMARY STATS | |||
| # Positive | 11 | 12 | 15 |
| # Negative | 13 | 12 | 9 |
| Median Positive | 1.3% | 3.2% | 4.8% |
| Median Negative | -1.1% | -2.5% | -4.2% |
| Max Positive | 7.1% | 8.7% | 17.7% |
| Max Negative | -7.0% | -10.1% | -6.5% |
| Forward Returns | |||
|---|---|---|---|
| Earnings Date | 1D Returns | 5D Returns | 21D Returns |
| 5/7/2026 | 5.3% | 6.2% | -6.5% |
| 2/12/2026 | -0.3% | -0.2% | -0.0% |
| 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% |
| 2/12/2025 | 3.7% | 0.2% | 11.1% |
| 10/29/2024 | 2.8% | -3.4% | -6.3% |
| 8/2/2024 | -1.9% | 1.6% | 7.7% |
| 5/2/2024 | -1.3% | -3.0% | 1.9% |
| 2/8/2024 | 7.1% | 8.1% | 11.5% |
| 11/9/2023 | 3.4% | 7.0% | 5.0% |
| 8/3/2023 | -1.1% | -2.5% | -1.1% |
| 5/10/2023 | -1.0% | -2.5% | -2.1% |
| 2/9/2023 | 1.1% | 4.9% | -4.2% |
| 11/8/2022 | -0.4% | 1.9% | 6.8% |
| 8/4/2022 | 0.9% | 4.4% | 1.5% |
| 5/5/2022 | -0.9% | -1.7% | 4.3% |
| 2/16/2022 | -7.0% | -10.1% | -4.4% |
| 11/8/2021 | -1.7% | -1.6% | 5.0% |
| 8/5/2021 | -0.2% | -6.5% | -4.7% |
| 5/6/2021 | 1.3% | -0.7% | 2.9% |
| 2/10/2021 | 0.6% | -3.2% | 3.5% |
| 11/5/2020 | 0.8% | 8.7% | 17.7% |
| 8/6/2020 | 1.2% | 1.3% | 4.7% |
| SUMMARY STATS | |||
| # Positive | 11 | 12 | 15 |
| # Negative | 13 | 12 | 9 |
| Median Positive | 1.3% | 3.2% | 4.8% |
| Median Negative | -1.1% | -2.5% | -4.2% |
| Max Positive | 7.1% | 8.7% | 17.7% |
| Max Negative | -7.0% | -10.1% | -6.5% |
SEC Filings
Expand for More| Report Date | Filing Date | Filing |
|---|---|---|
| 03/31/2026 | 05/07/2026 | 10-Q |
| 12/31/2025 | 02/12/2026 | 10-K |
| 09/30/2025 | 11/05/2025 | 10-Q |
| 06/30/2025 | 08/06/2025 | 10-Q |
| 03/31/2025 | 05/01/2025 | 10-Q |
| 12/31/2024 | 02/12/2025 | 10-K |
| 09/30/2024 | 10/29/2024 | 10-Q |
| 06/30/2024 | 08/02/2024 | 10-Q |
| 03/31/2024 | 05/02/2024 | 10-Q |
| 12/31/2023 | 02/08/2024 | 10-K |
| 09/30/2023 | 11/09/2023 | 10-Q |
| 06/30/2023 | 08/03/2023 | 10-Q |
| 03/31/2023 | 05/10/2023 | 10-Q |
| 12/31/2022 | 02/09/2023 | 10-K |
| 09/30/2022 | 11/08/2022 | 10-Q |
| 06/30/2022 | 08/04/2022 | 10-Q |
| Report Date | Filing Date | Filing |
|---|---|---|
| 03/31/2026 | 05/07/2026 | 10-Q |
| 12/31/2025 | 02/12/2026 | 10-K |
| 09/30/2025 | 11/05/2025 | 10-Q |
| 06/30/2025 | 08/06/2025 | 10-Q |
| 03/31/2025 | 05/01/2025 | 10-Q |
| 12/31/2024 | 02/12/2025 | 10-K |
| 09/30/2024 | 10/29/2024 | 10-Q |
| 06/30/2024 | 08/02/2024 | 10-Q |
| 03/31/2024 | 05/02/2024 | 10-Q |
| 12/31/2023 | 02/08/2024 | 10-K |
| 09/30/2023 | 11/09/2023 | 10-Q |
| 06/30/2023 | 08/03/2023 | 10-Q |
| 03/31/2023 | 05/10/2023 | 10-Q |
| 12/31/2022 | 02/09/2023 | 10-K |
| 09/30/2022 | 11/08/2022 | 10-Q |
| 06/30/2022 | 08/04/2022 | 10-Q |
| 03/31/2022 | 05/05/2022 | 10-Q |
| 12/31/2021 | 02/16/2022 | 10-K |
| 09/30/2021 | 11/08/2021 | 10-Q |
| 06/30/2021 | 08/05/2021 | 10-Q |
| 03/31/2021 | 05/06/2021 | 10-Q |
| 12/31/2020 | 02/10/2021 | 10-K |
| 09/30/2020 | 11/05/2020 | 10-Q |
| 06/30/2020 | 08/06/2020 | 10-Q |
| 03/31/2020 | 05/07/2020 | 10-Q |
| 12/31/2019 | 02/20/2020 | 10-K |
| 09/30/2019 | 11/07/2019 | 10-Q |
| 06/30/2019 | 08/06/2019 | 10-Q |
Recent Forward Guidance
Updated 7/12/2026Latest: Q1 2026 Earnings Reported 5/7/2026
| Forward Guidance | Guidance Change | ||||||
|---|---|---|---|---|---|---|---|
| Metric | Low | Mid | High | % Chg | % Delta | Change | Prior |
| 2026 Net Income | 1.49 | 1.51 | 1.53 | 2.4% | Raised | Guidance: 1.48 for 2026 | |
| 2026 Normalized FFO | 2 | 2.02 | 2.04 | 4.9% | Raised | Guidance: 1.93 for 2026 | |
| 2026 Normalized FAD | 1.98 | 2 | 2.02 | 3.9% | Raised | Guidance: 1.93 for 2026 | |
| 2026 Cash rental revenue | 442.00 Mil | 446.00 Mil | 450.00 Mil | 3.0% | Raised | Guidance: 433.00 Mil for 2026 | |
| 2026 Interest income | 97.00 Mil | 98.00 Mil | 99.00 Mil | 8.9% | Raised | Guidance: 90.00 Mil for 2026 | |
| 2026 General and administrative expense | 61.00 Mil | 62.00 Mil | 63.00 Mil | 6.9% | Raised | Guidance: 58.00 Mil for 2026 | |
| 2026 Interest expense | 52.00 Mil | 53.00 Mil | 54.00 Mil | 16.5% | Raised | Guidance: 45.50 Mil for 2026 | |
| 2026 Income tax expense | 9.00 Mil | 9.50 Mil | 10.00 Mil | 5.6% | Raised | Guidance: 9.00 Mil for 2026 | |
Prior: Q4 2025 Earnings Reported 2/12/2026
| Forward Guidance | Guidance Change | ||||||
|---|---|---|---|---|---|---|---|
| Metric | Low | Mid | High | % Chg | % Delta | Change | Prior |
| 2026 Net Income per share | 1.45 | 1.48 | 1.5 | 4.2% | Higher New | Actual: 1.42 for 2025 | |
| 2026 Normalized FFO per share | 1.9 | 1.93 | 1.95 | 9.1% | Higher New | Actual: 1.76 for 2025 | |
| 2026 Normalized FAD per share | 1.9 | 1.93 | 1.95 | 9.1% | Higher New | Actual: 1.76 for 2025 | |
| 2026 Cash rental revenue | 430.00 Mil | 433.00 Mil | 436.00 Mil | ||||
| 2026 Interest income | 88.00 Mil | 90.00 Mil | 92.00 Mil | ||||
| 2026 General and administrative expense | 57.00 Mil | 58.00 Mil | 59.00 Mil | ||||
| 2026 Interest expense | 45.00 Mil | 45.50 Mil | 46.00 Mil | ||||
| 2026 Income tax expense | 9.00 Mil | ||||||
Q3 2025 Earnings Reported 11/5/2025
| Forward Guidance | Guidance Change | ||||||
|---|---|---|---|---|---|---|---|
| Metric | Low | Mid | High | % Chg | % Delta | Change | Prior |
| 2025 Net Income per share | 1.41 | 1.42 | 1.42 | -1.7% | Lowered | Guidance: 1.44 for 2025 | |
| 2025 Normalized FFO per share | 1.76 | 1.76 | 1.77 | -0.8% | Lowered | Guidance: 1.78 for 2025 | |
| 2025 Normalized FAD per share | 1.76 | 1.76 | 1.77 | -0.8% | Lowered | Guidance: 1.78 for 2025 | |
Investor Activity (13F)
Updated Jul 20, 2026Active managers (13F portfolio over $250M, at least 3 holdings) with a position over $5M that is either over 10% of their portfolio or held in a concentrated book of 50 or fewer total positions. Index/ETF, sovereign, bank, community-bank and charitable/donor-advised filers are excluded.
| Active Manager |
|---|
Industry Resources
| Real Estate Resources |
| The Real Deal |
| Commercial Observer |
| Inman |
| Health Care REITs Resources |
| Healthcare Real Estate Insights |
| Seniors Housing Business |
| RevistaMed |
External Quote Links
| Y Finance | Barrons |
| TradingView | Morningstar |
| SeekingAlpha | ValueLine |
| Motley Fool | Robinhood |
| CNBC | Etrade |
| MarketWatch | Unusual Whales |
| YCharts | Perplexity Finance |
| FinViz |
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