Caretrust REIT (NASDAQ:CTRE) Releases FY 2019 Earnings Guidance

Caretrust REIT (NASDAQ:CTRE) updated its FY 2019 earnings guidance on Tuesday. The company provided EPS guidance of $1.35-1.37 for the period. Caretrust REIT also updated its FY19 guidance to $1.35-1.37 EPS.

Several research firms recently weighed in on CTRE. BidaskClub cut Caretrust REIT from a strong-buy rating to a buy rating in a research note on Thursday, April 4th. Zacks Investment Research lowered Caretrust REIT from a buy rating to a hold rating in a research note on Tuesday, May 14th. Stifel Nicolaus set a $26.00 target price on Caretrust REIT and gave the stock a buy rating in a research report on Wednesday, May 8th. Finally, BMO Capital Markets raised their price objective on Caretrust REIT from $22.00 to $25.00 and gave the stock an outperform rating in a report on Tuesday, April 9th. Two investment analysts have rated the stock with a hold rating, six have assigned a buy rating and two have given a strong buy rating to the stock. The stock presently has a consensus rating of Buy and a consensus price target of $22.71.

Shares of Caretrust REIT stock opened at $24.48 on Friday. The company has a debt-to-equity ratio of 0.84, a quick ratio of 15.94 and a current ratio of 15.94. The firm has a market cap of $2.34 billion, a price-to-earnings ratio of 19.13 and a beta of 0.91. Caretrust REIT has a 1-year low of $15.90 and a 1-year high of $25.54.

Caretrust REIT (NASDAQ:CTRE) last posted its quarterly earnings data on Tuesday, May 7th. The real estate investment trust reported $0.18 EPS for the quarter, missing the Zacks’ consensus estimate of $0.32 by ($0.14). Caretrust REIT had a return on equity of 8.08% and a net margin of 37.46%. The firm had revenue of $39.66 million during the quarter, compared to the consensus estimate of $40.79 million. During the same period in the prior year, the firm posted $0.32 EPS. The firm’s quarterly revenue was up 4.1% on a year-over-year basis. On average, research analysts forecast that Caretrust REIT will post 1.4 EPS for the current fiscal year.

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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 and Estimates for Caretrust REIT (NASDAQ:CTRE)

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