Caretrust REIT (NASDAQ:CTRE) Releases Quarterly Earnings Results, Misses Estimates By $0.45 EPS

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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%.

Several brokerages have recently weighed in on CTRE. ValuEngine downgraded Caretrust REIT from a “buy” rating to a “hold” rating in a report on Thursday, August 1st. BMO Capital Markets reiterated a “buy” rating and issued a $26.00 price objective on shares of Caretrust REIT in a report on Wednesday, August 7th. Berenberg Bank began coverage on Caretrust REIT in a report on Thursday, September 12th. They issued a “buy” rating and a $29.00 price objective for the company. Zacks Investment Research upgraded Caretrust REIT from a “hold” rating to a “buy” rating and set a $25.00 price objective for the company in a report on Wednesday. Finally, Capital One Financial upgraded Caretrust REIT from an “equal weight” rating to an “overweight” rating and set a $25.00 price objective for the company in a report on Wednesday, August 21st. One equities research analyst has rated the stock with a sell rating, two have issued a hold rating and seven have given a buy rating to the company. Caretrust REIT currently has a consensus rating of “Buy” and a consensus target price of $25.50.

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.

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Earnings History for Caretrust REIT (NASDAQ:CTRE)

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