Added to YB: 2026-07-07
Pitch date: 2026-07-03
CTRE [neutral]
CareTrust REIT, Inc.
-0.89%
current return
Author Info
Company Info
CareTrust REIT, Inc. is a self-administered, publicly traded real estate investment trust engaged in the ownership, acquisition, development and leasing of skilled nursing, senior housing and other healthcare-related properties.
Market Cap
$9.9B
Pitch Price
$41.76
Price Target
N/A
Dividend
3.74%
EV/EBITDA
23.69
P/E
26.54
EV/Sales
20.21
Sector
Health Care REITs
Category
N/A
20.1# Descartes: CareTrust
CTRE (pass): SNF/senior housing REIT (owns properties, leases to operators). Rejected despite ~doubling in a yr & secular tailwinds. Diluted shares 99.5M (FY22)→231M (Q1'26), 29.6% CAGR. Aggressive M&A-driven model, issued stock at 15-17x P/FFO (below IV), bank-like leverage, Medicaid/Medicare political risk. Author uncomfortable w/ constant dilution & mgmt reliance.
Read full article (3 min)