Wall Street brokerages forecast that CareTrust REIT, Inc. (NASDAQ:CTRE) will report earnings of $0.29 per share for the current fiscal quarter, Zacks Investment Research reports. Two analysts have provided estimates for CareTrust REIT’s earnings, with the highest EPS estimate coming in at $0.30 and the lowest estimate coming in at $0.28. CareTrust REIT reported earnings of $0.13 per share during the same quarter last year, which indicates a positive year-over-year growth rate of 123.1%. The firm is scheduled to announce its next quarterly earnings report on Wednesday, November 1st.

According to Zacks, analysts expect that CareTrust REIT will report full-year earnings of $1.17 per share for the current financial year, with EPS estimates ranging from $1.14 to $1.19. For the next year, analysts anticipate that the company will report earnings of $1.30 per share, with EPS estimates ranging from $1.27 to $1.32. Zacks’ EPS averages are an average based on a survey of sell-side research analysts that follow CareTrust REIT.

CTRE has been the topic of several analyst reports. BidaskClub raised shares of CareTrust REIT from a “buy” rating to a “strong-buy” rating in a research note on Thursday, June 15th. Zacks Investment Research raised shares of CareTrust REIT from a “hold” rating to a “buy” rating and set a $20.00 price objective on the stock in a research note on Monday, July 17th. Raymond James Financial, Inc. reissued an “outperform” rating and issued a $19.00 price objective (up previously from $17.00) on shares of CareTrust REIT in a research note on Wednesday, May 17th. BMO Capital Markets set a $18.00 price objective on shares of CareTrust REIT and gave the stock a “buy” rating in a research note on Monday, May 15th. Finally, KeyCorp restated a “buy” rating and issued a $20.00 target price on shares of CareTrust REIT in a report on Friday, August 25th. One equities research analyst has rated the stock with a sell rating, four have assigned a hold rating and five have assigned a buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and an average price target of $18.25.

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A number of hedge funds have recently added to or reduced their stakes in CTRE. Teachers Advisors LLC lifted its holdings in CareTrust REIT by 9.0% in the fourth quarter. Teachers Advisors LLC now owns 102,386 shares of the real estate investment trust’s stock valued at $1,569,000 after buying an additional 8,467 shares during the period. Bank of Montreal Can lifted its holdings in CareTrust REIT by 366.8% in the first quarter. Bank of Montreal Can now owns 93,161 shares of the real estate investment trust’s stock valued at $1,567,000 after buying an additional 73,203 shares during the period. Louisiana State Employees Retirement System lifted its holdings in CareTrust REIT by 4.3% in the first quarter. Louisiana State Employees Retirement System now owns 26,978 shares of the real estate investment trust’s stock valued at $454,000 after buying an additional 1,100 shares during the period. State of Alaska Department of Revenue lifted its holdings in CareTrust REIT by 4.6% in the first quarter. State of Alaska Department of Revenue now owns 7,310 shares of the real estate investment trust’s stock valued at $122,000 after buying an additional 320 shares during the period. Finally, Nationwide Fund Advisors lifted its holdings in CareTrust REIT by 3.5% in the first quarter. Nationwide Fund Advisors now owns 38,234 shares of the real estate investment trust’s stock valued at $643,000 after buying an additional 1,295 shares during the period. Institutional investors and hedge funds own 89.43% of the company’s stock.

CareTrust REIT (NASDAQ CTRE) opened at 19.46 on Friday. The firm has a market cap of $1.48 billion, a P/E ratio of 45.15 and a beta of 0.87. CareTrust REIT has a 1-year low of $12.70 and a 1-year high of $19.86. The stock has a 50 day moving average price of $18.69 and a 200-day moving average price of $17.75.

About CareTrust REIT

CareTrust REIT, Inc is a self-administered, self-managed real estate investment trust. The Company is engaged in the ownership, acquisition and leasing of healthcare-related properties. It makes investments in healthcare-related real estate assets. As of December 31, 2016, its real estate portfolio included 154 skilled nursing facilities (SNFs), SNF Campuses, assisted living facilities and independent living facilities.

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