Equities research analysts forecast that Caretrust REIT Inc (NASDAQ:CTRE) will announce $0.35 earnings per share (EPS) for the current quarter, Zacks Investment Research reports. Four analysts have provided estimates for Caretrust REIT’s earnings, with estimates ranging from $0.34 to $0.35. Caretrust REIT reported earnings of $0.32 per share during the same quarter last year, which would indicate a positive year-over-year growth rate of 9.4%. The company is expected to report its next earnings results on Wednesday, February 12th.
According to Zacks, analysts expect that Caretrust REIT will report full-year earnings of $1.37 per share for the current year, with EPS estimates ranging from $1.37 to $1.38. For the next year, analysts anticipate that the firm will report earnings of $1.42 per share, with EPS estimates ranging from $1.40 to $1.45. Zacks’ EPS averages are an average based on a survey of analysts that follow Caretrust REIT.
Caretrust REIT (NASDAQ:CTRE) last announced its quarterly earnings results on Thursday, November 7th. The real estate investment trust reported ($0.11) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.34 by ($0.45). Caretrust REIT had a net margin of 25.85% and a return on equity of 4.76%. The company had revenue of $33.31 million for the quarter, compared to analysts’ expectations of $43.64 million. During the same quarter in the prior year, the firm earned $0.32 EPS. Caretrust REIT’s quarterly revenue was down 15.7% compared to the same quarter last year.
CTRE has been the topic of several research reports. Barclays initiated coverage on shares of Caretrust REIT in a research note on Tuesday, September 3rd. They set an “overweight” rating and a $26.00 price objective on the stock. Berenberg Bank initiated coverage on shares of Caretrust REIT in a research note on Thursday, September 12th. They set a “buy” rating and a $29.00 price objective on the stock. BidaskClub lowered shares of Caretrust REIT from a “hold” rating to a “sell” rating in a research note on Saturday, November 9th. Capital One Financial raised shares of Caretrust REIT from an “equal weight” rating to an “overweight” rating and set a $25.00 price objective on the stock in a research note on Wednesday, August 21st. Finally, Zacks Investment Research lowered shares of Caretrust REIT from a “buy” rating to a “hold” rating in a research note on Monday, November 11th. One analyst has rated the stock with a sell rating, three have issued a hold rating and five have given a buy rating to the company. The stock presently has a consensus rating of “Hold” and an average target price of $26.00.
NASDAQ:CTRE traded down $0.19 during mid-day trading on Thursday, hitting $21.40. 1,055,036 shares of the company’s stock were exchanged, compared to its average volume of 917,163. Caretrust REIT has a one year low of $17.71 and a one year high of $25.54. The company has a debt-to-equity ratio of 0.60, a current ratio of 0.48 and a quick ratio of 0.48. The business has a fifty day moving average price of $21.71 and a 200 day moving average price of $23.24. The company has a market cap of $2.06 billion, a PE ratio of 16.72 and a beta of 0.59.
A number of large investors have recently bought and sold shares of the stock. Metropolitan Life Insurance Co NY boosted its stake in Caretrust REIT by 12.2% during the third quarter. Metropolitan Life Insurance Co NY now owns 35,527 shares of the real estate investment trust’s stock worth $835,000 after acquiring an additional 3,865 shares in the last quarter. Penserra Capital Management LLC bought a new position in shares of Caretrust REIT in the third quarter worth approximately $3,454,000. California State Teachers Retirement System lifted its stake in shares of Caretrust REIT by 1.2% in the third quarter. California State Teachers Retirement System now owns 148,814 shares of the real estate investment trust’s stock worth $3,498,000 after buying an additional 1,777 shares in the last quarter. Stifel Financial Corp lifted its stake in shares of Caretrust REIT by 4.7% in the third quarter. Stifel Financial Corp now owns 38,347 shares of the real estate investment trust’s stock worth $898,000 after buying an additional 1,715 shares in the last quarter. Finally, State Street Corp lifted its stake in shares of Caretrust REIT by 0.6% in the third quarter. State Street Corp now owns 3,946,791 shares of the real estate investment trust’s stock worth $93,653,000 after buying an additional 22,020 shares in the last quarter. 91.38% of the stock is currently owned by institutional investors and hedge funds.
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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