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.
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.
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