CareTrust REIT, Inc. (NASDAQ:CTRE – Free Report) – Stock analysts at Wedbush lowered their FY2025 earnings per share estimates for shares of CareTrust REIT in a research note issued to investors on Tuesday, February 18th. Wedbush analyst R. Anderson now forecasts that the real estate investment trust will post earnings of $1.71 per share for the year, down from their prior forecast of $1.72. Wedbush has a “Underperform” rating and a $26.00 price target on the stock. The consensus estimate for CareTrust REIT’s current full-year earnings is $1.72 per share.
Separately, BMO Capital Markets cut shares of CareTrust REIT from an “outperform” rating to a “market perform” rating and reduced their price target for the company from $34.00 to $32.00 in a research report on Monday, December 9th. One research analyst has rated the stock with a sell rating, two have assigned a hold rating and three have issued a buy rating to the company. According to data from MarketBeat, the stock presently has an average rating of “Hold” and a consensus target price of $30.67.
CareTrust REIT Stock Down 0.3 %
Shares of NASDAQ CTRE opened at $25.88 on Thursday. The firm has a fifty day simple moving average of $26.87 and a two-hundred day simple moving average of $28.90. CareTrust REIT has a 12 month low of $22.46 and a 12 month high of $33.15. The company has a current ratio of 3.82, a quick ratio of 3.82 and a debt-to-equity ratio of 0.14. The firm has a market capitalization of $4.86 billion, a PE ratio of 32.76, a price-to-earnings-growth ratio of 1.28 and a beta of 1.09.
CareTrust REIT (NASDAQ:CTRE – Get Free Report) last announced its earnings results on Wednesday, February 12th. The real estate investment trust reported $0.29 EPS for the quarter, missing analysts’ consensus estimates 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 prior year, the company posted $0.25 EPS.
Institutional Investors Weigh In On CareTrust REIT
Hedge funds have recently bought and sold shares of the business. Quantinno Capital Management LP lifted its holdings in shares of CareTrust REIT by 2.3% during the fourth quarter. Quantinno Capital Management LP now owns 17,482 shares of the real estate investment trust’s stock valued at $473,000 after purchasing an additional 385 shares during the last quarter. Signaturefd LLC grew its stake in shares of CareTrust REIT by 20.3% in the 4th quarter. Signaturefd LLC now owns 2,628 shares of the real estate investment trust’s stock worth $71,000 after buying an additional 443 shares during the last quarter. CWM LLC increased its position in CareTrust REIT by 16.8% during the 3rd quarter. CWM LLC now owns 3,244 shares of the real estate investment trust’s stock valued at $100,000 after buying an additional 467 shares in the last quarter. WealthShield Partners LLC raised its stake in CareTrust REIT by 1.0% during the fourth quarter. WealthShield Partners LLC now owns 49,119 shares of the real estate investment trust’s stock valued at $1,343,000 after buying an additional 490 shares during the last quarter. Finally, PNC Financial Services Group Inc. boosted its holdings in CareTrust REIT by 4.9% in the fourth quarter. PNC Financial Services Group Inc. now owns 11,384 shares of the real estate investment trust’s stock worth $308,000 after acquiring an additional 534 shares in the last quarter. 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. Investors of record on Tuesday, December 31st were given a dividend of $0.29 per share. The ex-dividend date was Tuesday, December 31st. This represents a $1.16 dividend on an annualized basis and a yield of 4.48%. CareTrust REIT’s dividend payout ratio (DPR) is currently 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.
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