27% profits every 20 days?
This is what Nic Chahine averages with his options buys. Not selling covered calls or spreads... BUYING options. Most traders don't even have a winning percentage of 27% buying options. He has an 83% win rate. Here's how he does it.
BMO Capital Markets analyst Juan C. Sanabria upgraded CareTrust REIT, Inc. (NYSE:CTRE) from Market Perform to Outperform, raising the price target to $24 from $23.50.
Sanabria sees limited risks over the near-to-medium term from pending minimum staffing regulation.
At the same time, the analyst adds that accretive acquisitions have re-emerged with private buyers partially sidelined & CTRE enjoying a solid cost of capital with a growing pipeline of opportunities.
Sanabria applauds CTRE's solid and growing pipeline ($150 million) after executing a robust $215 million in new investments year-to-date at 8.5%.
The analyst is remarkably upbeat about skilled nursing (SNF) amidst a more constructive reimbursement environment.
The analyst thinks that SNF fears are receding as occupancy and labor availability continue to improve, albeit slowly.
As labor challenges & occupancy have slowly improved, the analyst sees diminished chances for future SNF rent cuts/deferrals with CTRE nearly done with its repositioning.
CTRE has a solid top tenant roster that's now primarily repositioned post-COVID, highlighted by The Ensign Group, Inc. (NASDAQ:ENSG) (35% of rents), a blue-chip SNF operator with 3.3x EBITDAR rent coverage, notes the analyst.
CTRE also has a strong balance sheet, and management has deep industry experience, the analyst adds.
However, the company may bear the brunt of new tenant issues emerging or investment competition intensifying.
Price Action: CTRE shares are trading lower by 0.25% to $19.84 on the last check Wednesday.
27% profits every 20 days?
This is what Nic Chahine averages with his options buys. Not selling covered calls or spreads... BUYING options. Most traders don't even have a winning percentage of 27% buying options. He has an 83% win rate. Here's how he does it.
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