Brokers Issue Forecasts for CareTrust REIT FY2025 Earnings

CareTrust REIT, Inc. (NASDAQ:CTRE) – Investment analysts at Wedbush cut their FY2025 EPS estimates for CareTrust REIT in a report issued on Tuesday, February 18th. Wedbush analyst R. Anderson now anticipates that the real estate investment trust will earn $1.71 per share for the year, down from their previous estimate of $1.72. Wedbush currently has a “Underperform” rating and a $26.00 target price on the stock. The consensus estimate for CareTrust REIT’s current full-year earnings is $1.72 per share.

CareTrust REIT (NASDAQ:CTRE) last released its quarterly earnings results on Wednesday, February 12th. The real estate investment trust reported $0.29 earnings per share for the quarter, missing the consensus estimate of $0.41 by ($0.12). CareTrust REIT had a net margin of 42.22% and a return on equity of 5.59%. During the same period in the previous year, the firm posted $0.25 earnings per share.

Separately, BMO Capital Markets lowered shares of CareTrust REIT from an “outperform” rating to a “market perform” rating and decreased their price target for the stock from $34.00 to $32.00 in a report on Monday, December 9th. One analyst has rated the stock with a sell rating, two have given a hold rating and three have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, CareTrust REIT currently has an average rating of “Hold” and an average target price of $30.67.

CareTrust REIT Trading Down 0.3 %

Shares of CTRE opened at $25.88 on Thursday. CareTrust REIT has a 1-year low of $22.46 and a 1-year high of $33.15. The company has a market capitalization of $4.86 billion, a P/E ratio of 32.76, a P/E/G ratio of 1.28 and a beta of 1.09. The company has a debt-to-equity ratio of 0.14, a current ratio of 3.82 and a quick ratio of 3.82. The firm’s 50 day simple moving average is $26.87 and its 200 day simple moving average is $28.90.

Hedge Funds Weigh In On CareTrust REIT

Several institutional investors and hedge funds have recently made changes to their positions in CTRE. Advantage Trust Co purchased a new stake in CareTrust REIT during the fourth quarter valued at about $30,000. Blue Trust Inc. lifted its stake in shares of CareTrust REIT by 178.3% in the 3rd quarter. Blue Trust Inc. now owns 1,205 shares of the real estate investment trust’s stock valued at $37,000 after acquiring an additional 772 shares during the last quarter. Versant Capital Management Inc boosted its holdings in CareTrust REIT by 98.8% during the 4th quarter. Versant Capital Management Inc now owns 1,495 shares of the real estate investment trust’s stock valued at $40,000 after acquiring an additional 743 shares during the period. Quarry LP grew its position in CareTrust REIT by 463.5% during the 4th quarter. Quarry LP now owns 1,854 shares of the real estate investment trust’s stock worth $50,000 after acquiring an additional 1,525 shares during the last quarter. Finally, Loomis Sayles & Co. L P increased its stake in CareTrust REIT by 5,527.8% in the 3rd quarter. Loomis Sayles & Co. L P now owns 2,026 shares of the real estate investment trust’s stock worth $63,000 after purchasing an additional 1,990 shares during the period. Institutional investors own 87.77% of the company’s stock.

CareTrust REIT Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Wednesday, January 15th. Shareholders of record on Tuesday, December 31st were paid a dividend of $0.29 per share. This represents a $1.16 annualized dividend and a dividend yield of 4.48%. The ex-dividend date was Tuesday, December 31st. CareTrust REIT’s dividend payout ratio (DPR) is presently 146.84%.

About CareTrust REIT

CareTrust REIT, Inc’s (CareTrust REIT or the Company) primary business consists of acquiring, financing, developing and owning real property to be leased to third-party tenants in the healthcare sector. As of March 31, 2024, the Company owned directly or through a joint venture and leased to independent operators, 228 skilled nursing facilities (SNFs), multi-service campuses, assisted living facilities (ALFs) and independent living facilities (ILFs) consisting of 24,189 operational beds and units located in 29 states with the highest concentration of properties by rental income located in California and Texas.