CareTrust REIT, Inc. Expected to Earn Q3 2017 Earnings of $0.29 Per Share (CTRE)
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.
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.
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