CareTrust REIT, Inc.

CareTrust REIT, Inc.

CareTrust REIT, Inc.

Overview
Date Founded

2013

Headquarters

905 Calle Amanecer,Suite 300,San Clemente, CA 92673

Type of Company

Public

Employees (Worldwide)

15

Industries

Trusts & Funds
Real Estate Investment Trusts

Company Description

CareTrust REIT, Inc. operates as real estate investment company, which engages in the ownership, acquisition, and leasing of healthcare-related properties. It offers independent living, memory care, and assisted, and skilled nursing facilities. The company was founded on October 29, 2013 and is headquartered in San Clemente, CA.

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Executives & Employees

Chairman of the Board & Chief Executive Officer

President & Chief Operating Officer

Chief Financial Officer

Chief Investment Officer

General Counsel & Secretary

Senior Vice President & Controller

Vice President Quality

Project Manager

Group Marketing Manager

Site Manager

Board of Directors

Chairman of the Board & Chief Executive Officer at CareTrust REIT, Inc.

Chairman-Dean Council at Oklahoma State University - Spears School of Business

Founder at Clearview Hotel Capital LLC

Corporate Secretary at Biomerica, Inc.

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CareTrust REIT, Inc.
Owners & Shareholders
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For more than 135 years, Prudential Financial, Inc., has helped individual and institutional customers grow and protect their wealth. Today, we are one of the world's largest financial services institutions with operations in the United States, Asia, Europe, and Latin America. We also have one of the most recognized and trusted brand symbols: The Rock ®, an icon of strength, stability, expertise, and innovation.

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Hillcrest Asset Management manages tax-exempt, separate-account portfolios of value and core-oriented US equities. The firm's active small-cap value and core strategies seek to capture excess return through the use of a multi-factor stock selection model. The model weighs three factors: (1) earnings estimates by analysts (2) relative value and (3) projected future earnings growth. Portfolios are structured to capitalize on stock selection while minimizing exposure to other risks, such as beta, sector/industry exposures and investment style.Hillcrest's US Small Cap Core strategy seeks capital growth through investments in the stocks of companies with a market-cap of $200,000 to $2 million. The firm focuses on high-quality companies that have superior valuations relative to the market and earnings growth greater than the market. The expected tracking error target is 4% to 5% with an information ratio of 1. Portfolios typically hold 140 to 180 securities with an annual turnover of 38%. The strategy is benchmarked against the Russell 2000 Index.Hillcrest's US Small-Cap Value strategy seeks capital growth through investments in the stocks of companies with a market-cap of $200, 000 to $2 million. The firm focuses on high-quality companies that have superior valuations relative to the market and earnings growth greater than the market. The expected tracking error target is 4% to 5% with an information ratio of 1. Portfolios typically hold 60 to 70 securities with an annual turnover of 35%. The strategy is benchmarked against the Russell 2000 Value Index.The firm's US Small-Cap Deep Value strategy seeks capital growth through investments in the stocks of companies with a market-cap of $100,000 to $2 million. The firm focuses on high-quality companies that have superior valuations relative to the market and earnings growth greater than the market. The expected tracking error target is 6% to 7% with an information ratio of over 0.5%. Portfolios typically hold 25 to 30 securities with an annual turnover of 10% to 20%. The strategy is benchmarked against the Russell 2000 Value Index.Hillcrest's US Enhanced Large-Cap Core strategy seeks to consistently outperform the S&P 500 Index while maintaining a lower level of risk. The strategy invests in companies with a market-cap of $2 million to $475 million. The expected tracking error target is 2%. Portfolios typically hold 100 to 125 securities.

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KTA seeks to provide long-term capital appreciation in the equity markets by investing with a “value” approach across different market capitalization categories as what they determined with a primary focus in small and mid-cap securities. They employ fundamental security analysis in their strategies. This is a “bottom-up” investment strategy that focuses largely on undervalued companies, with emphasis on those undergoing major changes. KTA’s sources of information include SEC filings; reviews of corporate structure and activities; meetings with company management; financial publications, including corporate restructuring periodicals; research materials prepared by others; or company press releases.

Recent Transactions
Details Hidden

CareTrust REIT, Inc. issued USD Common Stock

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CareTrust REIT, Inc. purchases HCR ManorCare, Inc. /Meadows On University Facility from ProMedica Health Systems, Inc.

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CareTrust REIT, Inc. issued USD Common Stock

Transaction Advisors
Underwriter

Advised onCareTrust REIT, Inc. issued USD Common Stock

Underwriter

Advised onCareTrust REIT, Inc. issued USD Common Stock

Escrow Agent

Advised onCareTrust REIT, Inc. issued USD Common Stock

Legal Advisor

Advised onCareTrust REIT, Inc. issued USD Common Stock

Managing Director & Group Head, Equity Capital Markets

Advised onCareTrust REIT, Inc. issued USD Common Stock

Senior Vice President

Advised onCareTrust REIT, Inc. issued USD Common Stock

Clients

The Ensign Group, Inc. engages in the provision of healthcare services, as well as urgent care centers and mobile ancillary businesses. It operates through the following business segments: Transitional and Skilled Services, Senior Living Services, and Home Health and Hospice Services. The Transitional and Skilled Services segment involves in providing patients with medical, nursing, rehabilitative, pharmacy, and routine services, including daily dietary, social, and recreational services. The Senior Living Services segment operates assisted and independent living facilities. The Home Health and Hospice Services segment includes health care services which consist of providing combination of nursing, speech, occupational and physical therapists, medical social workers, and certified home health aide services. The company was founded by Roy E. Christensen, Christopher R. Christensen, and Gregory K. Stapley in 1999 and is headquartered in San Juan Capistrano, CA.

The Pennant Group, Inc. is a holding company, which engages in the provision of healthcare services to patients of all ages. It operates through the following segments: Home Health and Hospice Services, Senior Living Services, and All Other. The Home Health and Hospice Services segment provides combination of clinical care services such as nursing, speech, occupational and physical therapy, medical social work, and home health aide services. The Senior Living Services segment deals with assisted and independent living and memory care businesses. The All Other segment includes general and administrative expense from the service center. The company was founded on January 24, 2019 and is headquartered in Eagle, ID.

Covenant Care provides care services to persons with life-limiting illnesses. It provides nursing, personal care, partners in care, social, bereavement, children's support services, chaplain and volunteer services. The company was founded in 1983 and is headquartered in Pensacola, FL.

Key Stats and Financials As of 2020
Market Capitalization
$2.32B
Total Enterprise Value
$2.64B
Earnings Per Share
$0.85
Net Profit
$80.6M
EBITDA
$157M
EBITDAMargin
88.22%
Total Debt
$546M
Total Equity
$914M
Enterprise Value / Sales
14.79x
Enterprise Value EBITDAOperating
16.77x
TEVNet Income
32.75x
Debt TEV
0.21x
Three Year Compounded Annual Growth Rate Of Revenue
10.28%
Revenue
$178M
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