CareTrust REIT (NASDAQ:CTRE) – Equities researchers at Capital One dropped their Q1 2019 EPS estimates for CareTrust REIT in a note issued to investors on Thursday, May 10th. Capital One analyst D. Bernstein now forecasts that the real estate investment trust will post earnings per share of $0.34 for the quarter, down from their previous estimate of $0.35. Capital One also issued estimates for CareTrust REIT’s Q3 2019 earnings at $0.35 EPS, Q4 2019 earnings at $0.36 EPS and FY2019 earnings at $1.41 EPS.
CareTrust REIT (NASDAQ:CTRE) last announced its earnings results on Tuesday, May 8th. The real estate investment trust reported $0.19 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.31 by ($0.12). The company had revenue of $38.10 million during the quarter, compared to the consensus estimate of $36.99 million. CareTrust REIT had a net margin of 21.50% and a return on equity of 5.03%. The business’s quarterly revenue was up 24.5% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.30 EPS.
A number of other equities analysts have also issued reports on the stock. Cantor Fitzgerald assumed coverage on shares of CareTrust REIT in a research report on Tuesday, May 8th. They issued a “buy” rating and a $16.00 target price for the company. BMO Capital Markets reiterated a “hold” rating and issued a $15.00 target price on shares of CareTrust REIT in a research report on Tuesday, May 8th. BidaskClub upgraded shares of CareTrust REIT from a “strong sell” rating to a “sell” rating in a research report on Wednesday, May 2nd. ValuEngine lowered shares of CareTrust REIT from a “hold” rating to a “sell” rating in a research report on Wednesday, May 2nd. Finally, Zacks Investment Research upgraded shares of CareTrust REIT from a “sell” rating to a “hold” rating in a research report on Friday, March 30th. Two equities research analysts have rated the stock with a sell rating, five have issued a hold rating and five have given a buy rating to the company’s stock. The company currently has an average rating of “Hold” and a consensus price target of $17.90.
Shares of CareTrust REIT opened at $15.08 on Monday, according to Marketbeat Ratings. The stock has a market capitalization of $1.15 billion, a P/E ratio of 13.00, a P/E/G ratio of 2.38 and a beta of 0.70. The company has a debt-to-equity ratio of 1.00, a current ratio of 1.34 and a quick ratio of 0.70. CareTrust REIT has a 52-week low of $12.73 and a 52-week high of $19.86.
Large investors have recently bought and sold shares of the company. SG Americas Securities LLC boosted its position in shares of CareTrust REIT by 83.6% during the 1st quarter. SG Americas Securities LLC now owns 12,555 shares of the real estate investment trust’s stock valued at $168,000 after purchasing an additional 5,716 shares in the last quarter. Xact Kapitalforvaltning AB bought a new position in shares of CareTrust REIT during the 4th quarter valued at about $175,000. Ellington Management Group LLC bought a new position in shares of CareTrust REIT during the 4th quarter valued at about $183,000. Gilman Hill Asset Management LLC bought a new position in shares of CareTrust REIT during the 4th quarter valued at about $191,000. Finally, Ramsey Quantitative Systems bought a new position in shares of CareTrust REIT during the 4th quarter valued at about $215,000. Institutional investors own 88.71% of the company’s stock.
About CareTrust REIT
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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