$0.35 EPS Expected for Caretrust REIT Inc (NASDAQ:CTRE) This Quarter

Analysts expect Caretrust REIT Inc (NASDAQ:CTRE) to announce earnings per share (EPS) of $0.35 for the current quarter, Zacks reports. Three analysts have issued estimates for Caretrust REIT’s earnings, with the lowest EPS estimate coming in at $0.33 and the highest estimate coming in at $0.35. Caretrust REIT reported earnings of $0.32 per share during the same quarter last year, which suggests a positive year over year growth rate of 9.4%. The firm is scheduled to announce its next quarterly earnings report on Monday, November 4th.

On average, analysts expect that Caretrust REIT will report full-year earnings of $1.38 per share for the current financial year, with EPS estimates ranging from $1.37 to $1.39. For the next fiscal year, analysts anticipate that the business will post earnings of $1.50 per share, with EPS estimates ranging from $1.49 to $1.52. Zacks’ earnings per share averages are a mean average based on a survey of sell-side research firms that that provide coverage for Caretrust REIT.

Caretrust REIT (NASDAQ:CTRE) last released its earnings results on Tuesday, August 6th. The real estate investment trust reported $0.21 earnings per share for the quarter, missing the consensus estimate of $0.35 by ($0.14). The firm had revenue of $46.20 million during the quarter, compared to analysts’ expectations of $43.23 million. Caretrust REIT had a net margin of 39.70% and a return on equity of 8.08%. The business’s revenue was up 18.6% compared to the same quarter last year. During the same quarter last year, the business earned $0.33 EPS.



A number of equities analysts recently commented on CTRE shares. Raymond James downgraded Caretrust REIT from a “strong-buy” rating to a “market perform” rating and set a $25.00 price objective on the stock. in a research report on Friday, May 31st. BMO Capital Markets reiterated a “buy” rating and set a $26.00 price objective on shares of Caretrust REIT in a research report on Wednesday, August 7th. BidaskClub upgraded Caretrust REIT from a “sell” rating to a “hold” rating in a research report on Tuesday, August 6th. Zacks Investment Research downgraded Caretrust REIT from a “hold” rating to a “sell” rating in a research report on Thursday, August 8th. Finally, Stifel Nicolaus set a $26.00 price objective on Caretrust REIT and gave the stock a “buy” rating in a research report on Wednesday, May 8th. One analyst has rated the stock with a sell rating, three have issued a hold rating and five have given a buy rating to the company. Caretrust REIT currently has an average rating of “Hold” and an average price target of $23.86.

A number of large investors have recently bought and sold shares of the business. BlackRock Inc. raised its position in Caretrust REIT by 9.8% in the second quarter. BlackRock Inc. now owns 18,664,330 shares of the real estate investment trust’s stock valued at $443,836,000 after purchasing an additional 1,666,016 shares during the period. Vanguard Group Inc. raised its position in Caretrust REIT by 13.4% in the second quarter. Vanguard Group Inc. now owns 14,976,743 shares of the real estate investment trust’s stock valued at $356,147,000 after purchasing an additional 1,767,795 shares during the period. Invesco Ltd. raised its position in Caretrust REIT by 295.6% in the second quarter. Invesco Ltd. now owns 3,284,547 shares of the real estate investment trust’s stock valued at $78,107,000 after purchasing an additional 2,454,244 shares during the period. Northern Trust Corp raised its position in Caretrust REIT by 6.1% in the second quarter. Northern Trust Corp now owns 1,922,226 shares of the real estate investment trust’s stock valued at $45,710,000 after purchasing an additional 109,856 shares during the period. Finally, Centersquare Investment Management LLC raised its position in Caretrust REIT by 11,620.8% in the first quarter. Centersquare Investment Management LLC now owns 1,726,830 shares of the real estate investment trust’s stock valued at $174,000 after purchasing an additional 1,712,097 shares during the period. Institutional investors own 84.36% of the company’s stock.

NASDAQ CTRE opened at $22.93 on Tuesday. The company has a market cap of $2.19 billion, a PE ratio of 17.91 and a beta of 0.74. The stock’s 50 day simple moving average is $23.47 and its 200-day simple moving average is $23.63. Caretrust REIT has a 1-year low of $16.68 and a 1-year high of $25.54. 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 Company Profile

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 and Estimates for Caretrust REIT (NASDAQ:CTRE)

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