Caretrust REIT (NASDAQ:CTRE) Posts Earnings Results, Misses Expectations By $0.45 EPS

Caretrust REIT (NASDAQ:CTRE) announced its earnings results on Thursday. The real estate investment trust reported ($0.11) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.34 by ($0.45), Fidelity Earnings reports. The firm had revenue of $33.31 million during the quarter, compared to analyst estimates of $43.64 million. Caretrust REIT had a net margin of 39.70% and a return on equity of 8.08%. The firm’s revenue for the quarter was down 15.7% compared to the same quarter last year. During the same period last year, the company earned $0.32 earnings per share. Caretrust REIT updated its FY20 guidance to $1.36 to $1.38 EPS.

Caretrust REIT stock traded down $0.96 during mid-day trading on Friday, reaching $20.51. 3,289,200 shares of the company were exchanged, compared to its average volume of 886,366. The company has a debt-to-equity ratio of 0.56, a quick ratio of 0.97 and a current ratio of 0.97. The firm’s 50-day simple moving average is $23.52 and its two-hundred day simple moving average is $23.84. The firm has a market cap of $2.16 billion, a PE ratio of 16.02 and a beta of 0.66. Caretrust REIT has a twelve month low of $17.71 and a twelve month high of $25.54.

The business also recently disclosed a — dividend, which was paid on Tuesday, October 15th. Shareholders of record on Monday, September 30th were given a dividend of $0.225 per share. The ex-dividend date of this dividend was Friday, September 27th. This represents a yield of 3.9%. Caretrust REIT’s payout ratio is 70.31%.

A number of analysts recently issued reports on CTRE shares. ValuEngine cut Caretrust REIT from a “buy” rating to a “hold” rating in a research report on Thursday, August 1st. BidaskClub cut Caretrust REIT from a “hold” rating to a “sell” rating in a research report on Saturday. Berenberg Bank started coverage on Caretrust REIT in a research report on Thursday, September 12th. They issued a “buy” rating and a $29.00 target price for the company. Zacks Investment Research raised Caretrust REIT from a “hold” rating to a “buy” rating and set a $25.00 target price for the company in a research report on Wednesday. Finally, BMO Capital Markets reissued a “buy” rating and issued a $26.00 target price on shares of Caretrust REIT in a research report on Wednesday, August 7th. One investment analyst has rated the stock with a sell rating, two have issued a hold rating and seven have assigned a buy rating to the company. The company presently has a consensus rating of “Buy” and a consensus price target of $25.50.

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.

Recommended Story: Bar Chart

Earnings History for Caretrust REIT (NASDAQ:CTRE)

Receive News & Ratings for Caretrust REIT Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Caretrust REIT and related companies with's FREE daily email newsletter.


share news on Facebook
tweet this investment news
share on linkedin
share on StockTwits
share on reddit