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%.
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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