CareTrust REIT (CTRE)
Triple-net owner and financier of skilled nursing, senior housing, and UK care-home properties.
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Owns and finances skilled nursing facilities, senior housing communities, and care homes across the United States and United Kingdom. Revenue comes mainly from triple-net rent, with interest from real-estate loans and resident fees from a newer senior housing operating platform; cash flow depends on healthcare operators and borrowers.
Owns and finances skilled nursing facilities, senior housing communities, and other healthcare properties across the United States and United Kingdom. Most properties are leased to independent operators under long-term triple-net agreements; mortgage, mezzanine, and preferred-equity investments add interest income.
Combines healthcare operating experience with real-estate underwriting to source acquisitions and financing. The Care REIT acquisition established a UK care-home platform, while a newer senior housing operating platform adds resident-fee exposure through communities run by third-party managers.
Cash flows depend on tenant and borrower performance, while skilled nursing operators rely on Medicare and Medicaid reimbursement and operate under licensing, staffing, and other healthcare rules. Triple-net tenants control daily operations and generally bear property taxes, insurance, utilities, and maintenance.
Company facts
Target rangeAs of Sep 21, 2026
Latest analyst notes
| Date | Firm | Action | Prior | Current |
|---|---|---|---|---|
| Sep 1, 2026 | Wells Fargo | Reiterate | Rating: —Target: $41 | Target: $44 |
| Aug 14, 2026 | RBC Capital | Downgrade | Target: $44 | Target: $43 |
| Aug 10, 2026 | Cantor Fitzgerald | Reiterate | Rating: —Target: $42 | Target: $43 |
| Jun 16, 2026 | Raymond James | Target | Target: $39 | Target: $43 |
| Jun 15, 2026 | BMO Capital | Reiterate | Rating: —Target: $43 | Target: $47 |
EPSReportedEstimate
RevenueReportedEstimate
Balance sheet, Jun 30, 2026Cash & short-term investments $49.3M · Total debt $1.21B · Total assets $5.93B · Shareholders' equity $4.49B
- Revenue
- $161.3M
- Operating income
- $139.7M
- Net income
- $89.0M
HistoryDividendAnnual yieldUpcoming
| Institutions | 108.07% | 255.35M shares | |
|---|---|---|---|
| 521 holders · as of Jun 30, 2026 | |||
| Insiders | 0.78% | 1.84M shares | |
| 9 holders · as of Feb 3, 2026 | |||
| Adds to | 108.85% | ||
236.29M company shares as of Sep 22, 2026 · institutions as of Jun 30, 2026 · holders as of their latest filing
These groups come from separate filings that can overlap, so they add to 108.85%; nothing is left for Other.
Top shareholders13F · 13D/G · Form 4
| Holder | Stake | Shares | Date |
|---|---|---|---|
BlackRock, Inc.Institution | 17.24% | 40.73M | as of Jun 30, 2026 |
Vanguard Portfolio Management LLCInstitution | 8.84% | 20.89M | as of Jun 30, 2026 |
Cohen & Steers, Inc.Institution | 5.40% | 12.75M | as of Jun 30, 2026 |
State Street CorpInstitution | 5.27% | 12.45M | as of Jun 30, 2026 |
Vanguard Capital Management LLCInstitution | 4.50% | 10.64M | as of Jun 30, 2026 |
Insider tradesForm 4
No open-market trades in the last 12 months.
- Omega Healthcare Investors
Largest SNF-focused triple-net REIT with US and UK portfolios.
- Sabra Health Care REIT
Mid-cap SNF/seniors housing REIT pivoting toward managed SHOP model.
- Welltower
Dominant healthcare REIT; competes for SNF assets and UK care homes.
- National Health Investors
Conservative triple-net SNF and seniors housing REIT adding SHOP exposure.
- Ventas
Large diversified healthcare REIT focused on senior housing and research.
- LTC Properties
Small-cap seniors housing and SNF REIT transforming toward SHOP model.
- American Healthcare REIT
NYSE-listed REIT with SNF, seniors housing, and outpatient medical assets.
Compare
| Company | Price | Change | |||||
|---|---|---|---|---|---|---|---|
| CareTrust REIT | $37.44 | −0.65% | $8.90B | 23.4 | 23.1 | 16.4 | +37.4% |
| Omega Healthcare Investors | $46.44 | −0.83% | $14.01B | 16.7 | 23.9 | 10.8 | +11.5% |
| Sabra Health Care REIT | $19.82 | −0.26% | $5.01B | 75.7 | 27.3 | 5.8 | +24.7% |
| Welltower | $230.57 | −0.94% | $167.72B | 123.2 | 83.2 | 13.3 | +39.1% |
| National Health Investors | $67.67 | −0.29% | $3.29B | 19.6 | 19.9 | 7.6 | +1.6% |
| Ventas | $86.93 | −0.11% | $42.31B | 161.2 | 120.3 | 6.6 | +21.7% |
| LTC Properties | $42.53 | −0.83% | $2.19B | 15.4 | 21.6 | 6.3 | −46.2% |
| American Healthcare REIT | $51.82 | −0.92% | $10.81B | 76.9 | 74.5 | 4.3 | +23.7% |
| Median | 75.7 | 27.3 | 6.6 | +21.7% |