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.
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