Q1 2020 CareTrust REIT Inc Earnings Call

SAN CLEMENTE, Calif., May 07, 2020 -- CareTrust REIT, Inc. (Nasdaq:CTRE) today reported operating results for the quarter ended March 31, 2020, as well as other recent events..

SAN CLEMENTE, Calif., March 12, 2020 -- CareTrust REIT, Inc. (NASDAQ:CTRE) announced today that its Board of Directors has increased its quarterly common stock cash dividend.

CareTrust REIT, Inc. (NASDAQ:CTRE) came out with its yearly results last week, and we wanted to see how the business...

Participants should be aware that this call is being recorded, and listeners are advised that any forward-looking statements made on today's call are based on management's current expectations, assumptions and beliefs about CareTrust's business and environment in which it operates. Listeners should not place undue reliance on forward-looking statements and are encouraged to review CareTrust's SEC filings for a more complete discussion of factors that could impact results as well as any financial or other statistical information required by SEC Regulation G. Except as required by law, CareTrust REIT and its affiliates do not undertake publicly update or revise any forward-looking statements, where changes arise as a result of new information, future events, changing circumstances or for any other reason.

Announcement of Periodic Review: Moody's announces completion of a periodic review of ratings of CareTrust REIT, Inc. New York, May 27, 2020 -- Moody's Investors Service ("Moody's") has completed a periodic review of the ratings of CareTrust REIT, Inc. and other ratings that are associated with the same analytical unit. The review was conducted through a portfolio review in which Moody's reassessed the appropriateness of the ratings in the context of the relevant principal methodology(ies), recent developments, and a comparison of the financial and operating profile to similarly rated peers.

BMO Capital analyst John Kim maintained a Hold rating on CareTrust REIT (NASDAQ:CTRE) on Friday, setting a price target of $19, which is approximately 16.56% above the present share price of $16.3.

CareTrust REIT, Inc. (CTRE) announced today that its Board of Directors has authorized the repurchase of up to $150 million of its outstanding shares of common stock from time to time prior to March 31, 2023. Repurchases of common stock under the program may also be made pursuant to Rule 10b5-1 plans adopted under the Exchange Act. The timing and amount of any repurchases under the repurchase program will be determined based on a variety of factors, including but not limited to the trading volume and price of CareTrust’s common stock, potential other uses for CareTrust’s capital, legal requirements, market conditions and other relevant factors.

Their dividend yields beat the S&P; 500 Continue reading...

SAN CLEMENTE, Calif., Feb. 20, 2020 -- CareTrust REIT, Inc. (Nasdaq:CTRE) today reported operating results for the quarter and year ended December 31, 2019, as well as other.

Q4 2019 CareTrust REIT Inc Earnings Call

The pandemic could keep the economy from fully recovering before next year. If so, stocks might crash, but this trio looks good no matter what.

CareTrust REIT (CTRE) delivered FFO and revenue surprises of -2.86% and -0.50%, respectively, for the quarter ended December 2019. Do the numbers hold clues to what lies ahead for the stock?

SAN CLEMENTE, Calif., Feb. 18, 2020 -- CareTrust REIT, Inc. (NASDAQ:CTRE) announced today that it acquired Barton Creek Senior Living, a 62-unit assisted living facility.

CareTrust REIT, Inc. (CTRE) announced today that it plans to release its fourth quarter and full year 2019 financial results after the market closes on Thursday, February 20, 2020. Representatives of CareTrust REIT’s management team will host a conference call to discuss the results the following day. CareTrust REIT invites current and prospective investors to tune in to its call on Friday, February 21, 2020 at 1:00 p.m. Eastern Time (10:00 a.m. Pacific Time), during which CareTrust’s management team will discuss the company's fourth quarter and full year 2019 operating results and other current matters.

Coronavirus is probably the 1 concern in investors' minds right now. It should be. On February 27th we published an article with the title Recession is Imminent: We Need A Travel Ban NOW. We predicted that a US recession is imminent and US stocks will go down by at least 20% in the next 3-6 […]

CareTrust REIT, Inc. (NASDAQ:CTRE), which is in the reits business, and is based in United States, saw a significant...

CareTrust REIT, Inc. (CTRE) announced today that it plans to release its first quarter 2020 financial results after the market closes on Thursday, May 7, 2020. Representatives of CareTrust REIT’s management team will host a conference call to discuss the results and other current matters the following day. CareTrust REIT invites current and prospective investors to listen to the call on Friday, May 8, 2020 at 1:00 p.m. Eastern Time (10:00 a.m. Pacific Time).

CareTrust REIT, Inc. (CTRN) today announced that its annual meeting of stockholders (the “Annual Meeting”) scheduled to be held at 9:00 a.m. PDT on Thursday, April 30, 2020 at CareTrust’s offices located at 905 Calle Amanecer, Suite 300, San Clemente, California 92673, will be opened to allow for virtual attendance via teleconference. This option to attend by telephone reflects CareTrust’s concern for the health and well-being of its stockholders, board and management during the current COVID-19 pandemic while still providing an opportunity for them to participate in the Annual Meeting. To participate in the Annual Meeting, stockholders must email their full name, address and (if the stockholder’s shares are not held in their own name) a copy of the legal proxy obtained from their broker, bank or other nominee or a brokerage statement reflecting their stock ownership as of the record date, to CareTrust at ir@caretrustrustreit.com.

Moody's Investors Service, ("Moody's") has affirmed the ratings of CareTrust REIT, Inc., including its Ba2 corporate family rating. The ratings outlook has been revised to negative from stable. The ratings affirmation reflects CareTrust's portfolio of long-term triple-net leases as well as its strong credit metrics for the rating category and sound liquidity, which provide the company with cushion to absorb declines in operating cash flow.