CareTrust REIT (NASDAQ:CTRE – Get Free Report) posted its quarterly earnings data on Thursday. The real estate investment trust reported $0.07 earnings per share for the quarter, missing analysts’ consensus estimates of $0.36 by ($0.29), Zacks reports. The company had revenue of $68.89 million for the quarter, compared to analyst estimates of $66.36 million. CareTrust REIT had a return on equity of 5.04% and a net margin of 27.47%. During the same period in the previous year, the business posted $0.35 earnings per share.
CareTrust REIT Price Performance
Shares of CTRE traded up $0.22 on Friday, reaching $27.39. The stock had a trading volume of 2,348,859 shares, compared to its average volume of 1,359,122. CareTrust REIT has a twelve month low of $19.43 and a twelve month high of $27.94. The firm has a market capitalization of $3.89 billion, a PE ratio of 53.46 and a beta of 1.09. The firm has a 50-day moving average of $25.79 and a 200 day moving average of $24.24. The company has a quick ratio of 12.80, a current ratio of 12.80 and a debt-to-equity ratio of 0.36.
CareTrust REIT Announces Dividend
The company also recently declared a quarterly dividend, which was paid on Monday, July 15th. Stockholders of record on Friday, June 28th were paid a dividend of $0.29 per share. This represents a $1.16 annualized dividend and a dividend yield of 4.24%. The ex-dividend date of this dividend was Friday, June 28th. CareTrust REIT’s dividend payout ratio (DPR) is 223.08%.
Analysts Set New Price Targets
Get Our Latest Report on CareTrust REIT
About CareTrust REIT
CareTrust REIT, Inc is a self-administered, publicly-traded real estate investment trust engaged in the ownership, acquisition, development and leasing of skilled nursing, seniors housing and other healthcare-related properties. With a nationwide portfolio of long-term net-leased properties, and a growing portfolio of quality operators leasing them, CareTrust REIT is pursuing both external and organic growth opportunities across the United States.
Read More
- Five stocks we like better than CareTrust REIT
- With Risk Tolerance, One Size Does Not Fit All
- Should You Invest in Bitcoin? Pros and Cons
- Where to Find Earnings Call Transcripts
- Amazon Stock is Primed to Rebound Strongly After AI Bubble Bursts
- 3 Fintech Stocks With Good 2021 Prospects
- Shell Stock: Oil & Gas Giant Committed to Buybacks and Dividends
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.