Analysts predict that Caretrust REIT Inc (NASDAQ:CTRE) will announce $0.33 earnings per share for the current quarter, Zacks reports. Two analysts have made estimates for Caretrust REIT’s earnings. The highest EPS estimate is $0.33 and the lowest is $0.32. Caretrust REIT reported earnings per share of $0.31 during the same quarter last year, which indicates a positive year-over-year growth rate of 6.5%. The company is scheduled to report its next earnings report on Tuesday, February 26th.

According to Zacks, analysts expect that Caretrust REIT will report full-year earnings of $1.29 per share for the current financial year, with EPS estimates ranging from $1.27 to $1.29. For the next fiscal year, analysts forecast that the firm will report earnings of $1.35 per share, with EPS estimates ranging from $1.29 to $1.38. Zacks Investment Research’s EPS averages are a mean average based on a survey of sell-side analysts that follow Caretrust REIT.

Caretrust REIT (NASDAQ:CTRE) last issued its quarterly earnings data on Monday, November 5th. The real estate investment trust reported $0.18 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.32 by ($0.14). The business had revenue of $39.50 million for the quarter, compared to analysts’ expectations of $39.37 million. Caretrust REIT had a net margin of 29.14% and a return on equity of 7.01%. The business’s quarterly revenue was up 20.1% compared to the same quarter last year. During the same period in the previous year, the business earned $0.28 earnings per share.

Several equities analysts recently issued reports on the stock. BidaskClub raised shares of Caretrust REIT from a “buy” rating to a “strong-buy” rating in a report on Thursday. Zacks Investment Research raised shares of Caretrust REIT from a “sell” rating to a “hold” rating in a report on Wednesday. Cantor Fitzgerald reissued a “buy” rating and set a $20.00 price objective on shares of Caretrust REIT in a report on Monday, November 5th. Finally, ValuEngine raised shares of Caretrust REIT from a “sell” rating to a “hold” rating in a report on Tuesday, October 9th. Five investment analysts have rated the stock with a hold rating, four have issued a buy rating and one has assigned a strong buy rating to the stock. The company presently has a consensus rating of “Buy” and an average target price of $18.38.

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the business. BlackRock Inc. grew its holdings in Caretrust REIT by 6.3% in the third quarter. BlackRock Inc. now owns 15,915,867 shares of the real estate investment trust’s stock worth $281,870,000 after purchasing an additional 948,485 shares during the last quarter. Millennium Management LLC grew its holdings in Caretrust REIT by 34.2% in the second quarter. Millennium Management LLC now owns 2,198,326 shares of the real estate investment trust’s stock worth $36,690,000 after purchasing an additional 560,210 shares during the last quarter. Bank of New York Mellon Corp grew its holdings in Caretrust REIT by 11.1% in the third quarter. Bank of New York Mellon Corp now owns 2,074,217 shares of the real estate investment trust’s stock worth $36,735,000 after purchasing an additional 206,551 shares during the last quarter. American Century Companies Inc. grew its holdings in Caretrust REIT by 0.5% in the third quarter. American Century Companies Inc. now owns 1,134,440 shares of the real estate investment trust’s stock worth $20,091,000 after purchasing an additional 5,436 shares during the last quarter. Finally, Dimensional Fund Advisors LP grew its holdings in Caretrust REIT by 3.5% in the second quarter. Dimensional Fund Advisors LP now owns 1,124,671 shares of the real estate investment trust’s stock worth $18,771,000 after purchasing an additional 37,941 shares during the last quarter. 88.30% of the stock is currently owned by institutional investors and hedge funds.

Shares of CTRE stock opened at $19.38 on Friday. The company has a market cap of $1.62 billion, a P/E ratio of 16.71, a price-to-earnings-growth ratio of 3.03 and a beta of 0.73. The company has a debt-to-equity ratio of 0.67, a quick ratio of 1.65 and a current ratio of 1.52. Caretrust REIT has a 52-week low of $12.73 and a 52-week high of $19.68.

The company also recently declared a quarterly dividend, which was paid on Monday, October 15th. Shareholders of record on Friday, September 28th were issued a $0.205 dividend. This represents a $0.82 annualized dividend and a yield of 4.23%. The ex-dividend date was Thursday, September 27th. Caretrust REIT’s dividend payout ratio is currently 70.69%.

About Caretrust REIT

CareTrust REIT, Inc is a self-administered, publicly-traded real estate investment trust engaged in the ownership, acquisition and leasing of seniors housing and healthcare-related properties. With 189 net-leased healthcare properties and three operated seniors housing properties in 25 states, CareTrust REIT is pursuing opportunities across the nation to acquire properties that will be leased to a diverse group of local, regional and national seniors housing operators, healthcare services providers, and other healthcare-related businesses.

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

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