CareTrust REIT (NASDAQ:CTRE – Get Rating) is scheduled to issue its quarterly earnings data after the market closes on Thursday, May 5th. Analysts expect the company to announce earnings of $0.37 per share for the quarter.
CareTrust REIT (NASDAQ:CTRE – Get Rating) last posted its quarterly earnings data on Tuesday, February 15th. The real estate investment trust reported $0.19 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.25 by ($0.06). CareTrust REIT had a return on equity of 7.81% and a net margin of 37.42%. During the same quarter in the prior year, the firm earned $0.36 earnings per share. On average, analysts expect CareTrust REIT to post $1 EPS for the current fiscal year and $2 EPS for the next fiscal year.
Shares of CTRE stock traded up $0.11 during trading on Monday, hitting $16.32. The company had a trading volume of 3,173 shares, compared to its average volume of 781,728. CareTrust REIT has a 52 week low of $16.17 and a 52 week high of $24.58. The company has a quick ratio of 0.88, a current ratio of 0.88 and a debt-to-equity ratio of 0.74. The stock’s 50-day moving average is $17.97 and its two-hundred day moving average is $20.06. The stock has a market capitalization of $1.58 billion, a price-to-earnings ratio of 22.14 and a beta of 1.16.
CTRE has been the subject of a number of analyst reports. StockNews.com initiated coverage on CareTrust REIT in a research note on Thursday, March 31st. They set a “hold” rating for the company. Barclays lowered CareTrust REIT from an “overweight” rating to an “equal weight” rating and dropped their price target for the stock from $22.00 to $17.00 in a research note on Monday, April 18th. TheStreet lowered CareTrust REIT from a “b” rating to a “c+” rating in a research note on Monday, February 14th. Raymond James lowered their price objective on CareTrust REIT from $27.00 to $23.00 and set a “strong-buy” rating for the company in a research report on Friday, March 18th. Finally, Zacks Investment Research raised CareTrust REIT from a “sell” rating to a “hold” rating in a research report on Wednesday, April 27th. Six research analysts have rated the stock with a hold rating, one has assigned a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the company currently has an average rating of “Hold” and a consensus target price of $21.43.
A number of institutional investors have recently added to or reduced their stakes in CTRE. Morgan Stanley raised its stake in CareTrust REIT by 74.4% during the second quarter. Morgan Stanley now owns 720,863 shares of the real estate investment trust’s stock valued at $16,746,000 after purchasing an additional 307,505 shares in the last quarter. Sei Investments Co. increased its position in CareTrust REIT by 253.1% during the fourth quarter. Sei Investments Co. now owns 304,550 shares of the real estate investment trust’s stock valued at $6,953,000 after acquiring an additional 218,310 shares during the last quarter. Millennium Management LLC grew its holdings in shares of CareTrust REIT by 159.2% in the fourth quarter. Millennium Management LLC now owns 196,184 shares of the real estate investment trust’s stock worth $4,479,000 after purchasing an additional 120,486 shares during the last quarter. Allianz Asset Management GmbH grew its holdings in shares of CareTrust REIT by 176.3% in the fourth quarter. Allianz Asset Management GmbH now owns 95,762 shares of the real estate investment trust’s stock worth $2,186,000 after purchasing an additional 61,107 shares during the last quarter. Finally, LPL Financial LLC grew its holdings in shares of CareTrust REIT by 84.1% in the fourth quarter. LPL Financial LLC now owns 46,047 shares of the real estate investment trust’s stock worth $1,051,000 after purchasing an additional 21,040 shares during the last quarter. 85.43% of the stock is currently owned by institutional investors.
About CareTrust REIT (Get Rating)
CareTrust REIT, Inc is a self-administered, publicly-traded real estate investment trust engaged in the ownership, acquisition, development and leasing of skilled nursing, seniors housing and other healthcare-related properties. With a nationwide portfolio of long-term net-leased properties, and a growing portfolio of quality operators leasing them, CareTrust REIT is pursuing both external and organic growth opportunities across the United States.
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