CareTrust REIT, Inc. (CTRE) Scheduled to Post Earnings on Tuesday
CareTrust REIT, Inc. (NASDAQ:CTRE) is scheduled to post its quarterly earnings results after the market closes on Tuesday, October 31st. Analysts expect CareTrust REIT to post earnings of $0.17 per share for the quarter.
CareTrust REIT, Inc. (NASDAQ CTRE) opened at 19.11 on Tuesday. The firm has a 50-day moving average price of $19.16 and a 200 day moving average price of $18.51. The company has a market cap of $1.45 billion, a P/E ratio of 44.34 and a beta of 0.86. CareTrust REIT, Inc. has a 12 month low of $12.70 and a 12 month high of $19.86.
The firm also recently announced a quarterly dividend, which was paid on Friday, October 13th. Shareholders of record on Friday, September 29th were paid a dividend of $0.185 per share. This represents a $0.74 annualized dividend and a yield of 3.87%. The ex-dividend date of this dividend was Thursday, September 28th. CareTrust REIT’s payout ratio is presently 164.45%.
Several research firms have weighed in on CTRE. Capital One Financial Corporation began coverage on CareTrust REIT in a research note on Monday. They set an “equal weight” rating and a $21.00 target price for the company. Zacks Investment Research upgraded CareTrust REIT from a “sell” rating to a “hold” rating in a research note on Tuesday, September 19th. KeyCorp restated a “buy” rating and set a $20.00 target price on shares of CareTrust REIT in a research note on Friday, August 25th. Finally, BidaskClub upgraded CareTrust REIT from a “hold” rating to a “buy” rating in a research note on Saturday, August 19th. Six research analysts have rated the stock with a hold rating and four have issued a buy rating to the company. CareTrust REIT presently has a consensus rating of “Hold” and an average price target of $18.88.
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CareTrust REIT Company Profile
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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