CareTrust REIT (CTRE) to Release Earnings on Thursday

CareTrust REIT (NASDAQ:CTREGet Free Report) will be issuing its quarterly earnings data after the market closes on Thursday, February 8th. Analysts expect the company to announce earnings of $0.36 per share for the quarter. Parties interested in listening to the company’s conference call can do so using this link.

CareTrust REIT Stock Up 0.0 %

CTRE stock opened at $20.45 on Wednesday. The company’s 50 day simple moving average is $22.15 and its 200-day simple moving average is $21.39. The firm has a market capitalization of $2.44 billion, a PE ratio of 48.69 and a beta of 1.04. CareTrust REIT has a 12 month low of $17.86 and a 12 month high of $23.49. The company has a debt-to-equity ratio of 0.54, a current ratio of 0.13 and a quick ratio of 0.13.

CareTrust REIT Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, January 12th. Stockholders of record on Friday, December 29th were given a $0.28 dividend. The ex-dividend date was Thursday, December 28th. This represents a $1.12 annualized dividend and a dividend yield of 5.48%. CareTrust REIT’s dividend payout ratio is presently 266.67%.

Hedge Funds Weigh In On CareTrust REIT

A number of hedge funds have recently made changes to their positions in the business. Envestnet Asset Management Inc. increased its stake in CareTrust REIT by 15.2% during the 1st quarter. Envestnet Asset Management Inc. now owns 18,759 shares of the real estate investment trust’s stock worth $362,000 after buying an additional 2,480 shares during the period. US Bancorp DE increased its stake in CareTrust REIT by 16.2% during the 1st quarter. US Bancorp DE now owns 7,204 shares of the real estate investment trust’s stock worth $139,000 after buying an additional 1,006 shares during the period. MetLife Investment Management LLC increased its stake in CareTrust REIT by 57.6% during the 1st quarter. MetLife Investment Management LLC now owns 52,286 shares of the real estate investment trust’s stock worth $1,009,000 after buying an additional 19,120 shares during the period. Rhumbline Advisers increased its stake in CareTrust REIT by 1.1% during the 1st quarter. Rhumbline Advisers now owns 289,358 shares of the real estate investment trust’s stock worth $5,585,000 after buying an additional 3,062 shares during the period. Finally, Commonwealth of Pennsylvania Public School Empls Retrmt SYS increased its stake in CareTrust REIT by 14.1% during the 1st quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 83,652 shares of the real estate investment trust’s stock worth $1,614,000 after buying an additional 10,314 shares during the period. Hedge funds and other institutional investors own 92.24% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of analysts recently issued reports on CTRE shares. KeyCorp raised their target price on shares of CareTrust REIT from $22.00 to $25.00 and gave the stock an “overweight” rating in a research report on Friday, January 5th. Wells Fargo & Company raised their target price on shares of CareTrust REIT from $22.00 to $23.00 and gave the stock an “equal weight” rating in a research report on Monday, November 27th. Deutsche Bank Aktiengesellschaft started coverage on shares of CareTrust REIT in a research report on Tuesday, January 30th. They set a “hold” rating and a $23.00 target price on the stock. Royal Bank of Canada decreased their target price on shares of CareTrust REIT from $25.00 to $24.00 and set an “outperform” rating on the stock in a research report on Wednesday, January 31st. Finally, TheStreet upgraded shares of CareTrust REIT from a “c+” rating to a “b” rating in a report on Thursday, November 9th. Three analysts have rated the stock with a hold rating and five have assigned a buy rating to the company’s stock. According to MarketBeat, CareTrust REIT currently has a consensus rating of “Moderate Buy” and a consensus target price of $23.57.

Check Out Our Latest Stock Analysis on CTRE

About CareTrust REIT

(Get Free Report)

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.

Featured Articles

Earnings History for CareTrust REIT (NASDAQ:CTRE)

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.