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An announcement from CareTrust REIT ( (CTRE) ) is now available.
CareTrust REIT has enhanced its unsecured revolving credit facility to $1.2 billion, a significant increase from its previous capacity, supported by a consortium of banks. This expansion, alongside an upgrade in its corporate bond rating, positions CareTrust strongly for future growth, allowing it to finance acquisitions and maintain momentum in its investment pipeline, currently valued at $350 million.
More about CareTrust REIT
CareTrust REIT, Inc. is a publicly-traded real estate investment trust that specializes in the ownership, acquisition, development, and leasing of skilled nursing, senior housing, and other healthcare-related properties. The company operates a nationwide portfolio of long-term net-leased properties and seeks growth opportunities across the United States.
YTD Price Performance: 26.47%
Average Trading Volume: 2,119,257
Technical Sentiment Consensus Rating: Sell
Current Market Cap: $5.13B
Find detailed analytics on CTRE stock on TipRanks’ Stock Analysis page.
