CareTrust (CTRE) Buys Three Nursing Facilities for $55.6 Million
CTRECareTrust REIT(CTRE) Zacks Investment Research·2024-03-09 02:05

In an effort to expand its portfolio, CareTrust REIT, Inc. (CTRE) recently acquired two skilled nursing facilities in Houston, Texas, and one nursing facility in Columbia, MO. The company shelled out $55.6 million, inclusive of transaction costs, for this portfolio acquisition, and the transaction was funded with cash on hand. Reflecting positive sentiments, shares of CTRE gained marginally during Wednesday’s regular trading session, though the gains were partially eroded on Thursday due to broader market c ...