Caretrust REIT (NASDAQ:CTRE) released its quarterly earnings data on Thursday. The real estate investment trust reported ($0.11) EPS for the quarter, missing the consensus estimate of $0.34 by ($0.45), Fidelity Earnings reports. The company 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 company’s quarterly revenue was down 15.7% compared to the same quarter last year. During the same period in the previous year, the company posted $0.32 EPS. 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, hitting $20.51. 3,289,200 shares of the company’s stock traded hands, compared to its average volume of 886,366. The company has a debt-to-equity ratio of 0.56, a current ratio of 0.97 and a quick ratio of 0.97. Caretrust REIT has a fifty-two week low of $17.71 and a fifty-two week high of $25.54. The stock has a market cap of $2.16 billion, a price-to-earnings ratio of 16.02 and a beta of 0.66. The firm has a 50 day simple moving average of $23.52 and a two-hundred day simple moving average of $23.84.
The firm also recently declared a — dividend, which was paid on Tuesday, October 15th. Shareholders of record on Monday, September 30th were issued a dividend of $0.225 per share. This represents a yield of 3.9%. The ex-dividend date was Friday, September 27th. Caretrust REIT’s dividend payout ratio is 70.31%.
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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