CareTrust REIT, Inc. (CTRE) Set to Announce Quarterly Earnings on Tuesday

CareTrust REIT, Inc. (NASDAQ:CTRE) will be announcing its earnings results after the market closes on Tuesday, October 31st. Analysts expect the company to announce earnings of $0.17 per share for the quarter.

Shares of CareTrust REIT, Inc. (NASDAQ:CTRE) opened at 19.31 on Friday. The company has a 50 day moving average price of $19.13 and a 200-day moving average price of $18.54. The firm has a market cap of $1.47 billion, a P/E ratio of 44.80 and a beta of 0.85. CareTrust REIT, Inc. has a 52-week low of $12.70 and a 52-week high of $19.86.

The firm also recently declared a quarterly dividend, which was paid on Friday, October 13th. Investors of record on Friday, September 29th were given a $0.185 dividend. The ex-dividend date of this dividend was Thursday, September 28th. This represents a $0.74 annualized dividend and a yield of 3.83%. CareTrust REIT’s payout ratio is 164.45%.

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Several brokerages recently weighed in on CTRE. BidaskClub raised shares of CareTrust REIT from a “hold” rating to a “buy” rating in a research report on Saturday, August 19th. Capital One Financial Corporation reaffirmed an “equal weight” rating and issued a $21.00 price target on shares of CareTrust REIT in a research report on Sunday, October 22nd. Zacks Investment Research raised shares of CareTrust REIT from a “sell” rating to a “buy” rating and set a $21.00 price target on the stock in a research report on Tuesday, October 24th. Finally, KeyCorp reaffirmed a “buy” rating and issued a $20.00 price target on shares of CareTrust REIT in a research report on Friday, August 25th. Five analysts have rated the stock with a hold rating and five have given a buy rating to the company. The company presently has a consensus rating of “Buy” and a consensus price target of $19.00.

CareTrust REIT Company Profile

CareTrust REIT, Inc is a self-administered, self-managed real estate investment trust. The Company is engaged in the ownership, acquisition and leasing of healthcare-related properties. It makes investments in healthcare-related real estate assets. As of December 31, 2016, its real estate portfolio included 154 skilled nursing facilities (SNFs), SNF Campuses, assisted living facilities and independent living facilities.

Earnings History for CareTrust REIT (NASDAQ:CTRE)

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