CareTrust REIT, Inc. Buyback
OLI recorded this information on 3/20/2020
Company:
CareTrust REIT, Inc.
Buyback:
CTRE buyback
$Amount Authorized:
$150,000,000
Buyback Details:
CareTrust REIT, Inc. (Nasdaq: CTRE) announced today that its Board of Directors has authorized the repurchase of up to $150 million of its outstanding shares of common stock from time to time prior to March 31, 2023.
CareTrust REIT is a self-administered real estate investment trust engaged in the ownership, acquisition, development and leasing of skilled nursing, seniors housing and other healthcare-related properties. Co.'s real estate portfolio consists of skilled nursing facilities, multi-service campuses and assisted living facilities. Co. also has other real estate investments consisting of one mezzanine loan receivable. Co. leases healthcare-related properties to healthcare operators in triple-net lease arrangements. Co. also provides secured mortgage loans to healthcare operators and secured mezzanine loans to healthcare operators.
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Avg. Broker Rec.
 
|
Strong Buy (3.67 out of 4) 57th percentile
(ranked higher than approx. 57% of all stocks covered)
Analysts' Target Price: CTRE Stock Forecast Based on Zacks ABR data; powered by Xignite |
