Head to Head Survey: CareTrust REIT (NASDAQ:CTRE) versus The Competition

CareTrust REIT (NASDAQ: CTRE) is one of 26 public companies in the “Healthcare REITs” industry, but how does it contrast to its competitors? We will compare CareTrust REIT to similar businesses based on the strength of its earnings, risk, analyst recommendations, institutional ownership, valuation, profitability and dividends.

Valuation & Earnings

This table compares CareTrust REIT and its competitors gross revenue, earnings per share (EPS) and valuation.

Gross Revenue EBITDA Price/Earnings Ratio
CareTrust REIT N/A N/A 42.58
CareTrust REIT Competitors $863.81 million $523.61 million 39.30

CareTrust REIT’s competitors have higher revenue and earnings than CareTrust REIT. CareTrust REIT is trading at a higher price-to-earnings ratio than its competitors, indicating that it is currently more expensive than other companies in its industry.

Dividends

CareTrust REIT pays an annual dividend of $0.74 per share and has a dividend yield of 3.9%. CareTrust REIT pays out 164.4% of its earnings in the form of a dividend, suggesting it may not have sufficient earnings to cover its dividend payment in the future. As a group, “Healthcare REITs” companies pay a dividend yield of 5.2% and pay out 125.2% of their earnings in the form of a dividend. CareTrust REIT lags its competitors as a dividend stock, given its lower dividend yield and higher payout ratio.

Analyst Recommendations

This is a breakdown of current ratings and target prices for CareTrust REIT and its competitors, as provided by MarketBeat.

Sell Ratings Hold Ratings Buy Ratings Strong Buy Ratings Rating Score
CareTrust REIT 0 4 3 0 2.43
CareTrust REIT Competitors 131 715 642 12 2.36

CareTrust REIT presently has a consensus target price of $18.33, suggesting a potential downside of 4.31%. As a group, “Healthcare REITs” companies have a potential upside of 4.26%. Given CareTrust REIT’s competitors higher probable upside, analysts clearly believe CareTrust REIT has less favorable growth aspects than its competitors.

Profitability

This table compares CareTrust REIT and its competitors’ net margins, return on equity and return on assets.

Net Margins Return on Equity Return on Assets
CareTrust REIT 24.02% 5.76% 3.03%
CareTrust REIT Competitors 38.21% 8.11% 4.09%

Institutional & Insider Ownership

89.4% of CareTrust REIT shares are held by institutional investors. Comparatively, 84.1% of shares of all “Healthcare REITs” companies are held by institutional investors. 1.6% of CareTrust REIT shares are held by insiders. Comparatively, 1.9% of shares of all “Healthcare REITs” companies are held by insiders. Strong institutional ownership is an indication that hedge funds, large money managers and endowments believe a stock is poised for long-term growth.

Risk and Volatility

CareTrust REIT has a beta of 0.85, indicating that its share price is 15% less volatile than the S&P 500. Comparatively, CareTrust REIT’s competitors have a beta of 0.49, indicating that their average share price is 51% less volatile than the S&P 500.

Summary

CareTrust REIT competitors beat CareTrust REIT on 10 of the 14 factors compared.

About CareTrust REIT

CareTrust REIT, Inc. is a self-administered, self-managed real estate investment trust. The Company is engaged in the ownership, acquisition and leasing of healthcare-related properties. It makes investments in healthcare-related real estate assets. As of December 31, 2016, its real estate portfolio included 154 skilled nursing facilities (SNFs), SNF Campuses, assisted living facilities and independent living facilities. As of December 31, 2016, the 93 facilities leased to The Ensign Group, Inc. had a total of 9,916 beds and units and are located in Arizona, California, Colorado, Idaho, Iowa, Nebraska, Nevada, Texas, Utah and Washington; the 16 facilities leased to affiliates of Pristine Senior Living, LLC had a total of 1,488 beds and units; and the 42 remaining leased properties had a total of 3,515 beds and units and are located in California, Colorado, Florida, Georgia, Idaho, Indiana, Iowa, Maryland, Michigan, Minnesota, North Carolina, Texas, Virginia, Washington and Wisconsin.

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