CareTrust REIT (NASDAQ:CTRE – Get 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
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.
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.
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