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The latest announcement is out from CareTrust REIT ( (CTRE) ).
CareTrust REIT announced its operating results for the fourth quarter and full year of 2024, reporting significant financial achievements including investments of $696.5 million and a public stock offering yielding $507.8 million. The company also expanded its credit line and maintained a strong balance sheet with no outstanding borrowings. The results reflect a robust year with upgrades to investment-grade credit, a solid dividend payout, and a positive outlook for future growth opportunities.
More about CareTrust REIT
CareTrust REIT, Inc. is a publicly-traded real estate investment trust that focuses on owning, acquiring, developing, and leasing skilled nursing, senior housing, and healthcare-related properties. The company operates a nationwide portfolio and seeks growth opportunities through both external acquisitions and organic development in the United States.
YTD Price Performance: -2.90%
Average Trading Volume: 1,969,244
Technical Sentiment Consensus Rating: Sell
Current Market Cap: $4.89B
For a thorough assessment of CTRE stock, go to TipRanks’ Stock Analysis page.
