Wall Street brokerages forecast that Caretrust REIT Inc (NASDAQ:CTRE) will report earnings per share (EPS) of $0.33 for the current fiscal quarter, according to Zacks. Two analysts have made estimates for Caretrust REIT’s earnings. Caretrust REIT reported earnings of $0.32 per share during the same quarter last year, which would suggest a positive year over year growth rate of 3.1%. The firm is scheduled to issue its next earnings report on Tuesday, May 14th.
According to Zacks, analysts expect that Caretrust REIT will report full year earnings of $1.37 per share for the current financial year, with EPS estimates ranging from $1.34 to $1.38. For the next financial year, analysts expect that the business will report earnings of $1.49 per share, with EPS estimates ranging from $1.47 to $1.50. Zacks Investment Research’s earnings per share averages are an average based on a survey of sell-side research analysts that that provide coverage for Caretrust REIT.
Get Caretrust REIT alerts:Caretrust REIT (NASDAQ:CTRE) last released its earnings results on Wednesday, February 13th. The real estate investment trust reported $0.18 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.32 by ($0.14). The company had revenue of $40.36 million for the quarter, compared to the consensus estimate of $39.99 million. Caretrust REIT had a net margin of 36.91% and a return on equity of 8.90%. The business’s revenue for the quarter was up 10.3% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.31 EPS.
CTRE has been the topic of several research analyst reports. BMO Capital Markets raised Caretrust REIT from a “market perform” rating to an “outperform” rating in a research report on Wednesday, January 9th. Zacks Investment Research downgraded Caretrust REIT from a “buy” rating to a “hold” rating in a research report on Monday, February 4th. BidaskClub raised Caretrust REIT from a “buy” rating to a “strong-buy” rating in a research report on Thursday, January 17th. ValuEngine downgraded Caretrust REIT from a “buy” rating to a “hold” rating in a research report on Monday, December 31st. Finally, Stifel Nicolaus raised Caretrust REIT from a “hold” rating to a “buy” rating and upped their price objective for the company from $17.00 to $21.00 in a research report on Wednesday, November 28th. Three analysts have rated the stock with a hold rating, six have assigned a buy rating and one has issued a strong buy rating to the company’s stock. The company currently has a consensus rating of “Buy” and an average target price of $20.71.
Institutional investors have recently made changes to their positions in the business. Amalgamated Bank grew its position in shares of Caretrust REIT by 7.0% during the 4th quarter. Amalgamated Bank now owns 12,037 shares of the real estate investment trust’s stock worth $222,000 after buying an additional 791 shares in the last quarter. Daiwa Securities Group Inc. grew its position in shares of Caretrust REIT by 8.8% during the 4th quarter. Daiwa Securities Group Inc. now owns 12,406 shares of the real estate investment trust’s stock worth $229,000 after buying an additional 1,000 shares in the last quarter. Raymond James & Associates grew its position in shares of Caretrust REIT by 2.1% during the 4th quarter. Raymond James & Associates now owns 49,321 shares of the real estate investment trust’s stock worth $910,000 after buying an additional 1,036 shares in the last quarter. Piedmont Investment Advisors Inc. grew its position in shares of Caretrust REIT by 7.0% during the 4th quarter. Piedmont Investment Advisors Inc. now owns 19,951 shares of the real estate investment trust’s stock worth $368,000 after buying an additional 1,301 shares in the last quarter. Finally, American International Group Inc. grew its position in shares of Caretrust REIT by 2.4% during the 4th quarter. American International Group Inc. now owns 64,699 shares of the real estate investment trust’s stock worth $1,194,000 after buying an additional 1,501 shares in the last quarter. 91.62% of the stock is currently owned by institutional investors.
Shares of NASDAQ CTRE traded up $0.26 during trading hours on Monday, hitting $22.42. 874,824 shares of the company traded hands, compared to its average volume of 990,400. The company has a market cap of $1.85 billion, a P/E ratio of 17.52 and a beta of 0.92. The company has a debt-to-equity ratio of 0.67, a quick ratio of 1.52 and a current ratio of 1.52. Caretrust REIT has a 12 month low of $12.73 and a 12 month high of $22.87.
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 192 net-leased healthcare properties and three operated seniors housing properties in 27 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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