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.

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Earnings History for Caretrust REIT (NASDAQ:CTRE)

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