Wall Street brokerages expect Caretrust REIT Inc (NASDAQ:CTRE) to announce $0.35 earnings per share for the current quarter, Zacks reports. Three analysts have made estimates for Caretrust REIT’s earnings, with estimates ranging from $0.34 to $0.36. Caretrust REIT posted earnings of $0.33 per share during the same quarter last year, which would suggest a positive year over year growth rate of 6.1%. The firm is expected to report its next earnings report on Wednesday, August 7th.
According to Zacks, analysts expect that Caretrust REIT will report full-year earnings of $1.39 per share for the current year, with EPS estimates ranging from $1.37 to $1.41. For the next fiscal year, analysts forecast that the company will report earnings of $1.51 per share, with EPS estimates ranging from $1.49 to $1.54. Zacks Investment Research’s earnings per share averages are an average based on a survey of research analysts that follow Caretrust REIT.
Caretrust REIT (NASDAQ:CTRE) last released its quarterly earnings results on Tuesday, May 7th. The real estate investment trust reported $0.18 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.32 by ($0.14). The firm had revenue of $39.66 million for the quarter, compared to analysts’ expectations of $40.79 million. Caretrust REIT had a net margin of 37.46% and a return on equity of 8.08%. The firm’s quarterly revenue was up 4.1% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.32 EPS.
A number of brokerages have issued reports on CTRE. BMO Capital Markets reissued an “outperform” rating and issued a C$28.00 target price on shares of Northland Power in a research report on Tuesday, April 9th. BidaskClub raised Xilinx from a “hold” rating to a “buy” rating in a research report on Wednesday. Stifel Nicolaus raised Protagonist Therapeutics from a “hold” rating to a “buy” rating and boosted their target price for the company from $11.00 to $17.00 in a research report on Wednesday, May 8th. Zacks Investment Research raised HANNOVER RUECK/S from a “sell” rating to a “hold” rating in a research report on Friday, May 17th. Finally, Raymond James reissued a “buy” rating on shares of Kelt Exploration in a research report on Friday, May 31st. One analyst has rated the stock with a sell rating, three have given a hold rating and six have given a buy rating to the company. The stock has a consensus rating of “Buy” and a consensus price target of $23.00.
Shares of CTRE stock traded up $0.09 during trading on Friday, hitting $23.23. 14,952 shares of the stock traded hands, compared to its average volume of 885,579. The company has a market capitalization of $2.21 billion, a price-to-earnings ratio of 18.14 and a beta of 0.78. The company has a debt-to-equity ratio of 0.84, a current ratio of 15.94 and a quick ratio of 15.94. The firm’s fifty day moving average price is $24.07. Caretrust REIT has a 52-week low of $16.29 and a 52-week high of $25.54.
The firm also recently declared a quarterly dividend, which was paid on Monday, July 15th. Shareholders of record on Friday, June 28th were paid a $0.225 dividend. The ex-dividend date of this dividend was Thursday, June 27th. This represents a $0.90 annualized dividend and a dividend yield of 3.87%. Caretrust REIT’s dividend payout ratio (DPR) is 70.31%.
Large investors have recently bought and sold shares of the business. Westside Investment Management Inc. acquired a new position in shares of Caretrust REIT in the second quarter worth $16,842,000. Quadrant Capital Group LLC grew its stake in shares of Caretrust REIT by 685.3% during the first quarter. Quadrant Capital Group LLC now owns 2,733 shares of the real estate investment trust’s stock worth $62,000 after purchasing an additional 2,385 shares in the last quarter. Nisa Investment Advisors LLC acquired a new position in shares of Caretrust REIT during the first quarter worth $92,000. Meridian Wealth Management LLC acquired a new position in shares of Caretrust REIT during the second quarter worth $95,000. Finally, Advisor Group Inc. grew its stake in shares of Caretrust REIT by 60.4% during the fourth quarter. Advisor Group Inc. now owns 4,168 shares of the real estate investment trust’s stock worth $77,000 after purchasing an additional 1,570 shares in the last quarter. Institutional investors and hedge funds own 84.05% 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 199 net-leased healthcare properties and three operated seniors housing properties in 27 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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