Wall Street analysts forecast that CareTrust REIT, Inc. (NASDAQ:CTRE) will report $0.31 earnings per share (EPS) for the current quarter, Zacks reports. Two analysts have made estimates for CareTrust REIT’s earnings. The lowest EPS estimate is $0.30 and the highest is $0.31. CareTrust REIT posted earnings of $0.14 per share in the same quarter last year, which would suggest a positive year over year growth rate of 121.4%. The business is scheduled to announce its next quarterly earnings results on Tuesday, February 6th.

According to Zacks, analysts expect that CareTrust REIT will report full-year earnings of $1.16 per share for the current financial year, with EPS estimates ranging from $1.14 to $1.18. For the next fiscal year, analysts anticipate that the firm will post earnings of $1.30 per share, with EPS estimates ranging from $1.27 to $1.33. Zacks Investment Research’s earnings per share calculations are a mean average based on a survey of sell-side research analysts that cover CareTrust REIT.

CareTrust REIT (NASDAQ:CTRE) last announced its earnings results on Wednesday, November 8th. The real estate investment trust reported $0.28 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.29 by ($0.01). The company had revenue of $32.90 million for the quarter, compared to analysts’ expectations of $32.91 million. CareTrust REIT had a net margin of 25.68% and a return on equity of 5.76%. The firm’s quarterly revenue was up 21.4% on a year-over-year basis. During the same period in the previous year, the firm earned $0.28 EPS.

A number of research analysts have recently commented on CTRE shares. BidaskClub raised CareTrust REIT from a “hold” rating to a “buy” rating in a research report on Saturday, August 19th. Zacks Investment Research cut CareTrust REIT from a “hold” rating to a “sell” rating in a research report on Tuesday, August 22nd. KeyCorp reiterated a “buy” rating and set a $20.00 price objective on shares of CareTrust REIT in a research note on Friday, August 25th. Capital One Financial assumed coverage on CareTrust REIT in a research note on Monday, October 23rd. They set an “equal weight” rating and a $21.00 price objective on the stock. Finally, Stifel Nicolaus restated a “hold” rating and issued a $19.00 target price (up from $17.00) on shares of CareTrust REIT in a research note on Thursday, November 9th. One equities research analyst has rated the stock with a sell rating, five have issued a hold rating and three have given a buy rating to the company. CareTrust REIT has a consensus rating of “Hold” and a consensus target price of $19.38.

CareTrust REIT (CTRE) opened at $17.61 on Wednesday. The company has a debt-to-equity ratio of 0.81, a current ratio of 1.60 and a quick ratio of 1.60. CareTrust REIT has a 1 year low of $14.56 and a 1 year high of $19.86. The firm has a market capitalization of $1,340.00, a price-to-earnings ratio of 15.26, a price-to-earnings-growth ratio of 3.80 and a beta of 0.68.

Institutional investors have recently made changes to their positions in the company. Riverhead Capital Management LLC increased its position in CareTrust REIT by 90.7% during the 2nd quarter. Riverhead Capital Management LLC now owns 5,529 shares of the real estate investment trust’s stock valued at $103,000 after buying an additional 2,629 shares in the last quarter. GAM Holding AG increased its position in CareTrust REIT by 19.6% during the 2nd quarter. GAM Holding AG now owns 6,100 shares of the real estate investment trust’s stock valued at $113,000 after buying an additional 1,000 shares in the last quarter. Zurcher Kantonalbank Zurich Cantonalbank increased its position in CareTrust REIT by 7.5% during the 2nd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 6,277 shares of the real estate investment trust’s stock valued at $116,000 after buying an additional 437 shares in the last quarter. Ameritas Investment Partners Inc. increased its position in CareTrust REIT by 18.2% during the 2nd quarter. Ameritas Investment Partners Inc. now owns 6,329 shares of the real estate investment trust’s stock valued at $117,000 after buying an additional 975 shares in the last quarter. Finally, Daiwa Securities Group Inc. increased its position in CareTrust REIT by 24.5% during the 2nd quarter. Daiwa Securities Group Inc. now owns 6,606 shares of the real estate investment trust’s stock valued at $122,000 after buying an additional 1,300 shares in the last quarter. Hedge funds and other institutional investors own 91.20% of the company’s stock.

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

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