CareTrust REIT (NASDAQ:CTRE) Issues Earnings Results

CareTrust REIT (NASDAQ:CTRE) posted its earnings results on Wednesday. The real estate investment trust reported $0.29 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.41 by ($0.12), RTT News reports. CareTrust REIT had a net margin of 36.88% and a return on equity of 5.32%. During the same period in the previous year, the business posted $0.25 earnings per share. CareTrust REIT updated its FY 2025 guidance to 1.680-1.720 EPS.

CareTrust REIT Trading Down 0.7 %

Shares of CareTrust REIT stock opened at $25.56 on Thursday. The firm has a market capitalization of $4.38 billion, a PE ratio of 35.51, a price-to-earnings-growth ratio of 1.24 and a beta of 1.09. The company’s fifty day moving average price is $27.14 and its two-hundred day moving average price is $28.93. CareTrust REIT has a 52-week low of $22.30 and a 52-week high of $33.15. The company has a debt-to-equity ratio of 0.16, a current ratio of 7.60 and a quick ratio of 7.60.

CareTrust REIT Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Wednesday, January 15th. Shareholders of record on Tuesday, December 31st were issued a $0.29 dividend. This represents a $1.16 dividend on an annualized basis and a yield of 4.54%. The ex-dividend date was Tuesday, December 31st. CareTrust REIT’s dividend payout ratio (DPR) is presently 161.11%.

Wall Street Analysts Forecast Growth

Several equities research analysts have issued reports on CTRE shares. Wedbush downgraded shares of CareTrust REIT from a “neutral” rating to an “underperform” rating and decreased their price objective for the stock from $34.00 to $26.00 in a research note on Thursday, January 2nd. BMO Capital Markets lowered CareTrust REIT from an “outperform” rating to a “market perform” rating and lowered their price objective for the company from $34.00 to $32.00 in a research note on Monday, December 9th. One investment analyst has rated the stock with a sell rating, two have assigned a hold rating and three have given a buy rating to the company. Based on data from MarketBeat, the stock has a consensus rating of “Hold” and a consensus target price of $30.67.

CareTrust REIT Company Profile

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.