CareTrust REIT (NASDAQ:CTRE) will be issuing its quarterly earnings data after the market closes on Monday, April 30th. Analysts expect the company to announce earnings of $0.18 per share for the quarter. CareTrust REIT has set its FY18 guidance at $1.25-1.27 EPS.
CareTrust REIT (NASDAQ:CTRE) last posted its quarterly earnings data on Tuesday, February 27th. The real estate investment trust reported $0.03 earnings per share for the quarter, missing the consensus estimate of $0.31 by ($0.28). The firm had revenue of $36.60 million for the quarter, compared to analyst estimates of $34.73 million. CareTrust REIT had a return on equity of 4.37% and a net margin of 19.46%. On average, analysts expect CareTrust REIT to post $1 EPS for the current fiscal year and $1 EPS for the next fiscal year.
CTRE stock opened at $12.93 on Monday. CareTrust REIT has a fifty-two week low of $12.91 and a fifty-two week high of $19.86. The stock has a market cap of $984.46, a PE ratio of 10.87, a PEG ratio of 2.02 and a beta of 0.69. The company has a quick ratio of 0.70, a current ratio of 0.70 and a debt-to-equity ratio of 0.94.
The business also recently announced a quarterly dividend, which was paid on Friday, April 13th. Investors of record on Friday, March 30th were issued a dividend of $0.205 per share. This represents a $0.82 annualized dividend and a yield of 6.34%. The ex-dividend date was Wednesday, March 28th. This is a positive change from CareTrust REIT’s previous quarterly dividend of $0.19. CareTrust REIT’s dividend payout ratio is presently 70.69%.
Several analysts recently issued reports on CTRE shares. KeyCorp set a $16.00 target price on CareTrust REIT and gave the stock a “buy” rating in a report on Tuesday, March 6th. Stephens set a $19.00 target price on CareTrust REIT and gave the stock a “buy” rating in a report on Friday, January 12th. TheStreet lowered CareTrust REIT from a “b” rating to a “c+” rating in a report on Wednesday, February 28th. Stifel Nicolaus set a $17.00 target price on CareTrust REIT and gave the stock a “hold” rating in a report on Wednesday, February 28th. Finally, ValuEngine lowered CareTrust REIT from a “buy” rating to a “hold” rating in a report on Friday, February 2nd. One research analyst has rated the stock with a sell rating, six have given a hold rating and six have given a buy rating to the company. The company currently has an average rating of “Hold” and an average price target of $18.00.
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CareTrust REIT Company Profile
CareTrust REIT, Inc is a self-administered, publicly-traded real estate investment trust engaged in the ownership, acquisition and leasing of seniors housing and healthcare-related properties. With 186 net leased healthcare properties and three operated seniors housing properties in 24 states, CareTrust is pursuing opportunities across the nation to acquire properties that will be leased to a diverse group of local, regional and national seniors housing operators, healthcare services providers, and other healthcare-related businesses.
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