Analysts predict that Caretrust REIT Inc (NASDAQ:CTRE) will report earnings of $0.31 per share for the current quarter, Zacks reports. Two analysts have provided estimates for Caretrust REIT’s earnings, with the lowest EPS estimate coming in at $0.30 and the highest estimate coming in at $0.31. Caretrust REIT reported earnings of $0.28 per share during the same quarter last year, which suggests a positive year over year growth rate of 10.7%. The firm is scheduled to report its next earnings report on Tuesday, February 6th.
On average, analysts expect that Caretrust REIT will report full year earnings of $1.16 per share for the current fiscal year, with EPS estimates ranging from $1.14 to $1.18. For the next financial year, analysts forecast that the business will post earnings of $1.30 per share, with EPS estimates ranging from $1.27 to $1.33. Zacks’ earnings per share calculations are an average based on a survey of research firms that that provide coverage for Caretrust REIT.
Caretrust REIT (NASDAQ:CTRE) last released its quarterly earnings results on Wednesday, November 8th. The real estate investment trust reported $0.28 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.29 by ($0.01). Caretrust REIT had a return on equity of 5.76% and a net margin of 25.68%. The firm had revenue of $32.90 million during the quarter, compared to analysts’ expectations of $32.91 million. During the same period in the prior year, the firm posted $0.28 earnings per share. Caretrust REIT’s revenue for the quarter was up 21.4% compared to the same quarter last year.
Several research firms have issued reports on CTRE. Stifel Nicolaus reaffirmed a “hold” rating and issued a $19.00 price target (up from $17.00) on shares of Caretrust REIT in a report on Thursday, November 9th. KeyCorp set a $20.00 price target on shares of Caretrust REIT and gave the stock a “buy” rating in a report on Sunday, October 29th. Capital One Financial began coverage on shares of Caretrust REIT in a report on Monday, October 23rd. They issued an “equal weight” rating and a $21.00 price target on the stock. Zacks Investment Research raised shares of Caretrust REIT from a “sell” rating to a “hold” rating in a report on Tuesday, September 19th. Finally, BMO Capital Markets reaffirmed a “hold” rating and issued a $20.00 price target on shares of Caretrust REIT in a report on Thursday, November 9th. Two research analysts have rated the stock with a sell rating, three have issued a hold rating and five have given a buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and a consensus price target of $19.78.
Caretrust REIT (CTRE) opened at $15.43 on Tuesday. The company has a quick ratio of 1.60, a current ratio of 1.60 and a debt-to-equity ratio of 0.81. Caretrust REIT has a 1-year low of $14.71 and a 1-year high of $19.86. The stock has a market cap of $1,170.00, a price-to-earnings ratio of 33.54, a price-to-earnings-growth ratio of 2.37 and a beta of 0.67.
The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, January 16th. Stockholders of record on Friday, December 29th will be issued a dividend of $0.185 per share. This represents a $0.74 dividend on an annualized basis and a dividend yield of 4.80%. The ex-dividend date of this dividend is Thursday, December 28th. Caretrust REIT’s dividend payout ratio (DPR) is presently 160.87%.
Several institutional investors and hedge funds have recently made changes to their positions in the company. Vanguard Group Inc. grew its holdings in shares of Caretrust REIT by 6.4% during the second quarter. Vanguard Group Inc. now owns 11,249,983 shares of the real estate investment trust’s stock valued at $208,575,000 after buying an additional 677,395 shares during the last quarter. BlackRock Inc. grew its holdings in shares of Caretrust REIT by 7.0% during the second quarter. BlackRock Inc. now owns 9,911,033 shares of the real estate investment trust’s stock valued at $183,750,000 after buying an additional 645,109 shares during the last quarter. FMR LLC grew its holdings in shares of Caretrust REIT by 8.8% during the second quarter. FMR LLC now owns 6,865,434 shares of the real estate investment trust’s stock valued at $127,285,000 after buying an additional 553,735 shares during the last quarter. Wasatch Advisors Inc. grew its holdings in shares of Caretrust REIT by 1.0% during the second quarter. Wasatch Advisors Inc. now owns 3,408,826 shares of the real estate investment trust’s stock valued at $63,200,000 after buying an additional 34,737 shares during the last quarter. Finally, State Street Corp grew its holdings in shares of Caretrust REIT by 12.6% during the second quarter. State Street Corp now owns 1,963,432 shares of the real estate investment trust’s stock valued at $36,401,000 after buying an additional 219,997 shares during the last quarter. 91.15% of the stock is currently owned by hedge funds and other institutional investors.
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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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