Caretrust REIT (CTRE) Scheduled to Post Earnings on Monday

Caretrust REIT (NASDAQ:CTRE) is set to release its earnings data after the market closes on Monday, February 5th. Caretrust REIT has set its FY17 guidance at $1.16-1.17 EPS.

Caretrust REIT (NASDAQ:CTRE) last announced its quarterly earnings data on Wednesday, November 8th. The real estate investment trust reported $0.28 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.29 by ($0.01). Caretrust REIT had a net margin of 25.68% and a return on equity of 5.76%. The company had revenue of $32.90 million for the quarter, compared to analysts’ expectations of $32.91 million. During the same period last year, the business earned $0.28 earnings per share. The company’s quarterly revenue was up 21.4% compared to the same quarter last year. On average, analysts expect Caretrust REIT to post $1 EPS for the current fiscal year and $1 EPS for the next fiscal year.

Shares of Caretrust REIT (NASDAQ CTRE) opened at $15.75 on Monday. The company has a current ratio of 1.60, a quick ratio of 1.60 and a debt-to-equity ratio of 0.81. Caretrust REIT has a fifty-two week low of $14.71 and a fifty-two week high of $19.86. The stock has a market cap of $1,190.00, a P/E ratio of 34.24, a price-to-earnings-growth ratio of 2.42 and a beta of 0.67.

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, January 16th. Shareholders of record on Friday, December 29th were issued a dividend of $0.185 per share. This represents a $0.74 dividend on an annualized basis and a yield of 4.70%. The ex-dividend date of this dividend was Thursday, December 28th. Caretrust REIT’s dividend payout ratio (DPR) is currently 160.87%.

A number of brokerages have issued reports on CTRE. Capital One Financial reaffirmed an “equal weight” rating and set a $21.00 price objective on shares of Caretrust REIT in a report on Sunday, October 22nd. Stifel Nicolaus reaffirmed a “hold” rating and set a $19.00 price objective (up from $17.00) on shares of Caretrust REIT in a report on Thursday, November 9th. BidaskClub lowered shares of Caretrust REIT from a “hold” rating to a “sell” rating in a report on Saturday, December 2nd. BMO Capital Markets reissued a “hold” rating and issued a $20.00 target price on shares of Caretrust REIT in a report on Thursday, November 9th. Finally, Stephens set a $19.00 target price on shares of Caretrust REIT and gave the company a “buy” rating in a report on Friday, January 12th. Two research analysts have rated the stock with a sell rating, three have issued a hold rating and five have assigned a buy rating to the company’s stock. Caretrust REIT currently has a consensus rating of “Hold” and an average target price of $19.78.

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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.

Earnings History for Caretrust REIT (NASDAQ:CTRE)

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