Caretrust REIT (NASDAQ:CTRE) updated its FY18 earnings guidance on Monday. The company provided earnings per share (EPS) guidance of $1.27-1.28 for the period, compared to the Thomson Reuters consensus estimate of $1.29.
Several equities research analysts recently commented on the company. Cantor Fitzgerald restated a buy rating and set a $20.00 target price on shares of Caretrust REIT in a research report on Monday. Zacks Investment Research lowered Caretrust REIT from a hold rating to a sell rating in a research report on Monday, October 29th. BidaskClub upgraded Caretrust REIT from a hold rating to a buy rating in a research report on Thursday, October 18th. ValuEngine upgraded Caretrust REIT from a sell rating to a hold rating in a research report on Tuesday, October 9th. Finally, KeyCorp upped their target price on Caretrust REIT from $16.00 to $20.00 and gave the company a buy rating in a research report on Tuesday, August 21st. One equities research analyst has rated the stock with a sell rating, four have assigned a hold rating and five have given a buy rating to the company’s stock. The company currently has a consensus rating of Hold and a consensus price target of $18.38.
NASDAQ:CTRE traded up $0.21 on Wednesday, hitting $19.17. The stock had a trading volume of 41,530 shares, compared to its average volume of 582,222. The firm has a market cap of $1.42 billion, a P/E ratio of 16.35, a PEG ratio of 2.73 and a beta of 0.73. The company has a debt-to-equity ratio of 0.85, a quick ratio of 1.65 and a current ratio of 1.65. Caretrust REIT has a 52 week low of $12.73 and a 52 week high of $19.76.
Caretrust REIT (NASDAQ:CTRE) last announced its quarterly earnings results on Monday, November 5th. The real estate investment trust reported $0.18 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.32 by ($0.14). The firm had revenue of $39.50 million during the quarter, compared to the consensus estimate of $39.37 million. Caretrust REIT had a return on equity of 6.81% and a net margin of 28.26%. The firm’s revenue was up 20.1% on a year-over-year basis. During the same quarter in the previous year, the company posted $0.28 EPS. On average, equities analysts forecast that Caretrust REIT will post 1.28 earnings per share for the current fiscal year.
The company also recently declared a quarterly dividend, which was paid on Monday, October 15th. Shareholders of record on Friday, September 28th were issued a $0.205 dividend. The ex-dividend date of this dividend was Thursday, September 27th. This represents a $0.82 annualized dividend and a yield of 4.28%. Caretrust REIT’s payout ratio is currently 70.69%.
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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 189 net-leased healthcare properties and three operated seniors housing properties in 25 states, CareTrust REIT 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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