$41.81 Million in Sales Expected for Caretrust REIT Inc (CTRE) This Quarter

Analysts expect that Caretrust REIT Inc (NASDAQ:CTRE) will report sales of $41.81 million for the current fiscal quarter, Zacks reports. Three analysts have made estimates for Caretrust REIT’s earnings. The highest sales estimate is $45.60 million and the lowest is $39.85 million. Caretrust REIT reported sales of $38.97 million during the same quarter last year, which indicates a positive year-over-year growth rate of 7.3%. The firm is scheduled to announce its next earnings report on Wednesday, August 7th.

On average, analysts expect that Caretrust REIT will report full year sales of $169.53 million for the current fiscal year, with estimates ranging from $159.80 million to $179.00 million. For the next fiscal year, analysts anticipate that the business will post sales of $183.06 million, with estimates ranging from $162.65 million to $204.10 million. Zacks’ sales calculations are an average based on a survey of sell-side research analysts that cover Caretrust REIT.

Caretrust REIT (NASDAQ:CTRE) last announced its earnings results on Tuesday, May 7th. The real estate investment trust reported $0.18 EPS for the quarter, missing the consensus estimate of $0.32 by ($0.14). The firm had revenue of $39.66 million during the quarter, compared to the consensus estimate of $40.79 million. Caretrust REIT had a return on equity of 8.08% and a net margin of 37.46%. The business’s revenue was up 4.1% compared to the same quarter last year. During the same quarter last year, the business earned $0.32 EPS.

Several research firms have issued reports on CTRE. Zacks Investment Research upgraded shares of Caretrust REIT from a “sell” rating to a “hold” rating in a research report on Friday, April 5th. BidaskClub upgraded shares of Caretrust REIT from a “buy” rating to a “strong-buy” rating in a research report on Tuesday, May 14th. Raymond James lowered shares of Caretrust REIT from a “strong-buy” rating to a “market perform” rating and set a $25.00 price target on the stock. in a research report on Friday, May 31st. Finally, BMO Capital Markets restated a “buy” rating and issued a $22.00 price target on shares of Caretrust REIT in a research report on Thursday, February 14th. Three equities research analysts have rated the stock with a hold rating, six have given a buy rating and one has issued a strong buy rating to the stock. Caretrust REIT has a consensus rating of “Buy” and a consensus target price of $23.00.

Several institutional investors have recently modified their holdings of CTRE. Federated Investors Inc. PA bought a new position in Caretrust REIT during the 1st quarter valued at about $27,000. Oregon Public Employees Retirement Fund bought a new position in Caretrust REIT during the 4th quarter valued at about $32,000. Loomis Sayles & Co. L P lifted its holdings in Caretrust REIT by 125.4% during the 1st quarter. Loomis Sayles & Co. L P now owns 1,492 shares of the real estate investment trust’s stock valued at $35,000 after purchasing an additional 830 shares during the last quarter. Quadrant Capital Group LLC lifted its holdings in Caretrust REIT by 685.3% during the 1st quarter. Quadrant Capital Group LLC now owns 2,733 shares of the real estate investment trust’s stock valued at $62,000 after purchasing an additional 2,385 shares during the last quarter. Finally, C M Bidwell & Associates Ltd. bought a new position in Caretrust REIT during the 1st quarter valued at about $65,000. Institutional investors and hedge funds own 84.72% of the company’s stock.

Shares of CTRE opened at $24.10 on Friday. The firm has a market capitalization of $2.30 billion, a P/E ratio of 18.83 and a beta of 0.85. Caretrust REIT has a one year low of $16.29 and a one year high of $25.54. The company has a current ratio of 15.94, a quick ratio of 15.94 and a debt-to-equity ratio of 0.84.

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 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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