Caretrust REIT (NASDAQ:CTRE) Posts Quarterly Earnings Results, Misses Expectations By $0.45 EPS

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%.

CTRE has been the subject of several recent analyst reports. BMO Capital Markets reissued a “buy” rating and issued a $26.00 price objective on shares of Caretrust REIT in a report on Wednesday, August 7th. Capital One Financial raised Caretrust REIT from an “equal weight” rating to an “overweight” rating and set a $25.00 price objective for the company in a report on Wednesday, August 21st. Barclays initiated coverage on Caretrust REIT in a report on Tuesday, September 3rd. They issued an “overweight” rating and a $26.00 price objective for the company. Berenberg Bank initiated coverage on Caretrust REIT in a report on Thursday, September 12th. They issued a “buy” rating and a $29.00 price objective for the company. Finally, BidaskClub downgraded Caretrust REIT from a “hold” rating to a “sell” rating in a report on Saturday. One research analyst has rated the stock with a sell rating, two have issued a hold rating and seven have given a buy rating to the stock. The company presently has a consensus rating of “Buy” and a consensus target price of $25.50.

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 for Caretrust REIT (NASDAQ:CTRE)

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