CareTrust REIT, Inc. (NASDAQ:CTRE) – Research analysts at Capital One Financial Corporation issued their Q3 2017 earnings per share (EPS) estimates for shares of CareTrust REIT in a report released on Sunday. Capital One Financial Corporation analyst D. Bernstein forecasts that the real estate investment trust will post earnings per share of $0.29 for the quarter. Capital One Financial Corporation currently has a “Equal Weight” rating on the stock. Capital One Financial Corporation also issued estimates for CareTrust REIT’s Q4 2017 earnings at $0.30 EPS, FY2017 earnings at $1.17 EPS, Q1 2018 earnings at $0.31 EPS, Q2 2018 earnings at $0.32 EPS, Q3 2018 earnings at $0.33 EPS, Q4 2018 earnings at $0.33 EPS, FY2018 earnings at $1.29 EPS, Q1 2019 earnings at $0.34 EPS, Q2 2019 earnings at $0.35 EPS, Q3 2019 earnings at $0.36 EPS and FY2019 earnings at $1.41 EPS.

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Several other equities research analysts also recently commented on CTRE. BidaskClub downgraded CareTrust REIT from a “strong-buy” rating to a “buy” rating in a report on Saturday, July 8th. Zacks Investment Research raised CareTrust REIT from a “hold” rating to a “buy” rating and set a $20.00 price target on the stock in a report on Monday, July 17th. Finally, KeyCorp reaffirmed a “buy” rating and set a $20.00 price target on shares of CareTrust REIT in a report on Friday, August 25th. Five research analysts have rated the stock with a hold rating and five have given a buy rating to the company. The stock currently has an average rating of “Buy” and an average target price of $19.00.

Shares of CareTrust REIT (NASDAQ CTRE) opened at 18.79 on Wednesday. CareTrust REIT has a 52-week low of $12.70 and a 52-week high of $19.86. The stock’s 50 day moving average is $19.15 and its 200-day moving average is $18.52. The firm has a market capitalization of $1.43 billion, a P/E ratio of 43.60 and a beta of 0.85.

The firm also recently declared a quarterly dividend, which was paid on Friday, October 13th. Stockholders of record on Friday, September 29th were issued a dividend of $0.185 per share. This represents a $0.74 dividend on an annualized basis and a dividend yield of 3.94%. The ex-dividend date was Thursday, September 28th. CareTrust REIT’s payout ratio is currently 164.45%.

Several large investors have recently made changes to their positions in CTRE. BlackRock Inc. lifted its holdings in shares of CareTrust REIT by 2,476.7% during the first quarter. BlackRock Inc. now owns 9,265,924 shares of the real estate investment trust’s stock valued at $155,855,000 after purchasing an additional 8,906,314 shares in the last quarter. FMR LLC lifted its holdings in shares of CareTrust REIT by 1,036.2% during the first quarter. FMR LLC now owns 6,311,699 shares of the real estate investment trust’s stock valued at $106,163,000 after purchasing an additional 5,756,172 shares in the last quarter. Goldman Sachs Group Inc. lifted its holdings in shares of CareTrust REIT by 571.4% during the first quarter. Goldman Sachs Group Inc. now owns 1,381,640 shares of the real estate investment trust’s stock valued at $23,240,000 after purchasing an additional 1,175,847 shares in the last quarter. Vanguard Group Inc. lifted its holdings in shares of CareTrust REIT by 6.4% during the second quarter. Vanguard Group Inc. now owns 11,249,983 shares of the real estate investment trust’s stock valued at $208,575,000 after purchasing an additional 677,395 shares in the last quarter. Finally, Teachers Advisors LLC lifted its holdings in shares of CareTrust REIT by 624.1% during the second quarter. Teachers Advisors LLC now owns 764,608 shares of the real estate investment trust’s stock valued at $14,176,000 after purchasing an additional 659,012 shares in the last quarter. 89.55% of the stock is currently owned by hedge funds and other institutional investors.

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.

Earnings History and Estimates for CareTrust REIT (NASDAQ:CTRE)

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