Brokerages expect Caretrust REIT Inc (NASDAQ:CTRE) to post sales of $39.44 million for the current fiscal quarter, according to Zacks Investment Research. Two analysts have provided estimates for Caretrust REIT’s earnings. The lowest sales estimate is $39.28 million and the highest is $39.60 million. Caretrust REIT reported sales of $32.95 million during the same quarter last year, which would suggest a positive year-over-year growth rate of 19.7%. The firm is expected to report its next quarterly earnings results on Wednesday, November 14th.

According to Zacks, analysts expect that Caretrust REIT will report full year sales of $156.84 million for the current fiscal year, with estimates ranging from $155.91 million to $157.60 million. For the next year, analysts forecast that the business will report sales of $174.47 million, with estimates ranging from $160.00 million to $183.00 million. Zacks’ sales calculations are an average based on a survey of sell-side analysts that that provide coverage for Caretrust REIT.

Caretrust REIT (NASDAQ:CTRE) last posted its earnings results on Wednesday, August 1st. The real estate investment trust reported $0.17 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $0.17. The company had revenue of $38.97 million for the quarter, compared to analysts’ expectations of $38.44 million. Caretrust REIT had a return on equity of 6.81% and a net margin of 28.26%. The firm’s quarterly revenue was up 18.7% compared to the same quarter last year. During the same period last year, the business posted $0.30 earnings per share.

CTRE has been the topic of a number of recent research reports. KeyCorp raised their target price on Caretrust REIT from $16.00 to $20.00 and gave the company a “buy” rating in a research note on Tuesday, August 21st. BidaskClub upgraded Caretrust REIT from a “hold” rating to a “buy” rating in a research note on Friday, August 17th. Zacks Investment Research upgraded Caretrust REIT from a “hold” rating to a “buy” rating and set a $19.00 target price on the stock in a research note on Tuesday, July 10th. Royal Bank of Canada reiterated a “hold” rating and issued a $18.00 target price (up from $16.00) on shares of Caretrust REIT in a research note on Thursday, August 9th. Finally, ValuEngine upgraded Caretrust REIT from a “sell” rating to a “hold” rating in a research note on Tuesday, August 7th. Six analysts have rated the stock with a hold rating and five have assigned a buy rating to the stock. The company currently has an average rating of “Hold” and an average price target of $18.22.

CTRE stock opened at $17.30 on Friday. The company has a current ratio of 1.65, a quick ratio of 1.65 and a debt-to-equity ratio of 0.85. The firm has a market capitalization of $1.43 billion, a price-to-earnings ratio of 14.91, a P/E/G ratio of 2.75 and a beta of 0.82. Caretrust REIT has a 1 year low of $12.73 and a 1 year high of $19.76.

The firm also recently declared a quarterly dividend, which was paid on Monday, October 15th. Stockholders of record on Friday, September 28th were issued a dividend of $0.205 per share. This represents a $0.82 dividend on an annualized basis and a dividend yield of 4.74%. The ex-dividend date of this dividend was Thursday, September 27th. Caretrust REIT’s dividend payout ratio (DPR) is 70.69%.

Several institutional investors and hedge funds have recently modified their holdings of the company. Macquarie Group Ltd. increased its holdings in shares of Caretrust REIT by 25.8% during the second quarter. Macquarie Group Ltd. now owns 16,600 shares of the real estate investment trust’s stock valued at $277,000 after purchasing an additional 3,400 shares during the period. Aperio Group LLC increased its holdings in shares of Caretrust REIT by 26.5% during the second quarter. Aperio Group LLC now owns 21,699 shares of the real estate investment trust’s stock valued at $362,000 after purchasing an additional 4,543 shares during the period. New York State Common Retirement Fund increased its holdings in shares of Caretrust REIT by 6.4% during the first quarter. New York State Common Retirement Fund now owns 82,000 shares of the real estate investment trust’s stock valued at $1,099,000 after purchasing an additional 4,900 shares during the period. Sei Investments Co. increased its holdings in shares of Caretrust REIT by 22.1% during the first quarter. Sei Investments Co. now owns 34,160 shares of the real estate investment trust’s stock valued at $458,000 after purchasing an additional 6,188 shares during the period. Finally, Mount Yale Investment Advisors LLC acquired a new position in shares of Caretrust REIT during the first quarter valued at $114,000. 88.07% of the stock is currently owned by institutional investors.

Caretrust REIT Company Profile

CareTrust REIT, Inc is a self-administered, publicly-traded real estate investment trust engaged in the ownership, acquisition and leasing of seniors housing and healthcare-related properties. With 189 net-leased healthcare properties and three operated seniors housing properties in 25 states, CareTrust REIT is pursuing opportunities across the nation to acquire properties that will be leased to a diverse group of local, regional and national seniors housing operators, healthcare services providers, and other healthcare-related businesses.

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Earnings History and Estimates for Caretrust REIT (NASDAQ:CTRE)

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