Caretrust REIT (NASDAQ:CTRE) issued its quarterly earnings results on Thursday. The real estate investment trust reported ($0.11) earnings per share for the quarter, missing the consensus estimate of $0.34 by ($0.45), Fidelity Earnings reports. Caretrust REIT had a net margin of 39.70% and a return on equity of 8.08%. The company had revenue of $33.31 million for the quarter, compared to the consensus estimate of $43.64 million. During the same quarter in the previous year, the business earned $0.32 earnings per share. Caretrust REIT’s revenue was down 15.7% compared to the same quarter last year. Caretrust REIT updated its FY20 guidance to $1.36 to $1.38 EPS.
NASDAQ CTRE traded down $0.96 during trading hours on Friday, hitting $20.51. The company’s stock had a trading volume of 3,289,200 shares, compared to its average volume of 886,366. The company’s 50 day simple moving average is $23.52 and its two-hundred day simple moving average is $23.84. The company has a debt-to-equity ratio of 0.56, a current ratio of 0.97 and a quick ratio of 0.97. Caretrust REIT has a 12 month low of $17.71 and a 12 month high of $25.54. The company has a market cap of $2.16 billion, a P/E ratio of 16.02 and a beta of 0.66.
The firm also recently disclosed a — dividend, which was paid on Tuesday, October 15th. Investors of record on Monday, September 30th were issued a $0.225 dividend. The ex-dividend date of this dividend was Friday, September 27th. This represents a yield of 3.9%. Caretrust REIT’s payout ratio is 70.31%.
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 199 net-leased healthcare properties and three operated seniors housing properties in 27 states, CareTrust 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.
See Also: Which market index is the best?
Receive News & Ratings for Caretrust REIT Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Caretrust REIT and related companies with MarketBeat.com's FREE daily email newsletter.