Caretrust REIT (NASDAQ:CTRE) issued an update on its FY 2019 earnings guidance on Tuesday morning. The company provided EPS guidance of $1.35-1.37 for the period. Caretrust REIT also updated its FY19 guidance to ~$1.40-1.42 EPS.
NASDAQ:CTRE traded down $0.19 during midday trading on Friday, hitting $22.45. The company’s stock had a trading volume of 20,200 shares, compared to its average volume of 627,784. Caretrust REIT has a fifty-two week low of $16.68 and a fifty-two week high of $25.54. The company’s 50 day simple moving average is $23.74. The company has a debt-to-equity ratio of 0.84, a quick ratio of 15.94 and a current ratio of 15.94. The company has a market capitalization of $2.19 billion, a price-to-earnings ratio of 17.59 and a beta of 0.74.
Caretrust REIT (NASDAQ:CTRE) last released its earnings results on Tuesday, August 6th. The real estate investment trust reported $0.21 earnings per share for the quarter, missing the consensus estimate of $0.35 by ($0.14). Caretrust REIT had a net margin of 39.70% and a return on equity of 8.59%. The firm had revenue of $46.20 million during the quarter, compared to analyst estimates of $43.23 million. During the same period in the prior year, the firm earned $0.33 earnings per share. The business’s revenue was up 18.6% compared to the same quarter last year. On average, sell-side analysts anticipate that Caretrust REIT will post 1.37 earnings per share for the current fiscal year.
The business also recently declared a quarterly dividend, which was paid on Monday, July 15th. Shareholders of record on Friday, June 28th were issued a $0.225 dividend. The ex-dividend date of this dividend was Thursday, June 27th. This represents a $0.90 annualized dividend and a yield of 4.01%. Caretrust REIT’s dividend payout ratio is currently 70.31%.
A number of equities analysts have recently commented on CTRE shares. Stifel Nicolaus set a $26.00 target price on shares of Caretrust REIT and gave the stock a buy rating in a research note on Wednesday, May 8th. BidaskClub raised shares of Caretrust REIT from a sell rating to a hold rating in a research note on Tuesday. ValuEngine lowered shares of Caretrust REIT from a buy rating to a hold rating in a research note on Thursday, August 1st. Zacks Investment Research lowered shares of Caretrust REIT from a hold rating to a sell rating in a research note on Thursday. Finally, Raymond James lowered shares of Caretrust REIT from a strong-buy rating to a market perform rating and set a $25.00 target price for the company. in a research note on Friday, May 31st. One investment analyst has rated the stock with a sell rating, four have given a hold rating and five have assigned a buy rating to the company’s stock. Caretrust REIT currently has a consensus rating of Hold and an average price target of $23.13.
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 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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