CareTrust REIT (NASDAQ:CTRE) updated its FY 2021 earnings guidance on Monday. The company provided EPS guidance of $1.490-$1.500 for the period.
A number of research firms have issued reports on CTRE. Zacks Investment Research upgraded CareTrust REIT from a hold rating to a buy rating and set a $24.00 target price on the stock in a research report on Tuesday, November 2nd. Royal Bank of Canada cut shares of CareTrust REIT from an outperform rating to a sector perform rating in a report on Wednesday, August 11th. Finally, Robert W. Baird assumed coverage on shares of CareTrust REIT in a report on Thursday, October 7th. They issued an outperform rating and a $23.00 target price for the company. Two research analysts have rated the stock with a hold rating and seven have issued a buy rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of Buy and an average target price of $24.38.
Shares of CareTrust REIT stock traded down $0.04 on Monday, hitting $21.06. The stock had a trading volume of 4,436 shares, compared to its average volume of 578,594. The stock has a 50 day moving average of $21.23 and a 200 day moving average of $22.55. CareTrust REIT has a twelve month low of $17.41 and a twelve month high of $24.89. The company has a debt-to-equity ratio of 1.01, a quick ratio of 18.61 and a current ratio of 18.61. The firm has a market capitalization of $2.04 billion, a P/E ratio of 23.98 and a beta of 1.05.
CareTrust REIT (NASDAQ:CTRE) last released its quarterly earnings data on Thursday, August 5th. The real estate investment trust reported $0.22 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.37 by ($0.15). CareTrust REIT had a net margin of 45.92% and a return on equity of 9.16%. Equities analysts expect that CareTrust REIT will post 1.5 earnings per share for the current year.
The company also recently disclosed a quarterly dividend, which was paid on Friday, October 15th. Stockholders of record on Thursday, September 30th were paid a $0.265 dividend. This represents a $1.06 annualized dividend and a dividend yield of 5.03%. The ex-dividend date was Wednesday, September 29th. CareTrust REIT’s dividend payout ratio is currently 120.46%.
An institutional investor recently raised its position in CareTrust REIT stock. Morgan Stanley raised its position in shares of CareTrust REIT, Inc. (NASDAQ:CTRE) by 74.4% in the second quarter, according to its most recent filing with the SEC. The firm owned 720,863 shares of the real estate investment trust’s stock after purchasing an additional 307,505 shares during the quarter. Morgan Stanley owned approximately 0.74% of CareTrust REIT worth $16,746,000 at the end of the most recent quarter. Institutional investors and hedge funds own 85.14% of the company’s stock.
CareTrust REIT Company Profile
CareTrust REIT, Inc operates as real estate investment company, which engages in the ownership, acquisition, and leasing of healthcare-related properties. It offers independent living, memory care, and assisted, and skilled nursing facilities. The company was founded on October 29, 2013 and is headquartered in San Clemente, CA.