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Slideshow Secondary Stock Offerings

By The Online Investor Staff, updated Tue., Sep. 1, 2:06 PM

Slide #15. CareTrust REIT, Inc. Secondary Offering

Company: CareTrust REIT, Inc. (NASDAQ:CTRE)
Date announced: 8/13/2015
Shares Offered: 14,200,000
Date of Pricing: 8/13/2015
Price Per Share: $10.50
Secondary Offering Details: CareTrust REIT, Inc. (Nasdaq:CTRE) announced the pricing of its public offering of 14,200,000 shares of its common stock at a price to the public of $10.50 per share. In connection with the offering, the Company has granted the underwriters a 30-day option to purchase up to an additional 2,130,000 shares of common stock. The offering is expected to close on August 18, 2015, subject to customary closing conditions.

CareTrust REIT is an independent publicly traded, self-administered, self-managed real estate investment trust primarily engaged in the ownership, acquisition and leasing of healthcare-related properties. Co. leases healthcare-related properties to healthcare operators in triple-net lease arrangements, under which the tenant is solely responsible for the costs related to the property (including property taxes, insurance, and maintenance and repair costs). Co. looks to grow its portfolio by pursuing opportunities to acquire additional properties that will be leased to a group of local, regional and national healthcare providers, as well as senior housing operators and related businesses.
Open the CTRE Page at The Online Investor »

Company Name:  CareTrust REIT Inc
Sector:  REITs
Number of ETFs Holding CTRE:  21
Total Market Value Held by ETFs:  $29.60M
Total Market Capitalization:  $360.00M
% of Market Cap. Held by ETFs:  8.22%

Open the CTRE Page at The Online Investor (in a new window) »

September 1, 2015    2:06 PM Eastern
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Hold (2.50 out of 4)
16th percentile
(ranked lower than approx. 84% of all stocks covered)
Based on Zacks ABR data;
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