Wall Street analysts expect that Caretrust REIT Inc (NASDAQ:CTRE) will report $41.13 million in sales for the current quarter, Zacks Investment Research reports. Three analysts have provided estimates for Caretrust REIT’s earnings, with the lowest sales estimate coming in at $40.30 million and the highest estimate coming in at $42.50 million. Caretrust REIT reported sales of $38.10 million during the same quarter last year, which indicates a positive year-over-year growth rate of 8%. The business is scheduled to issue its next quarterly earnings report on Tuesday, May 14th.
On average, analysts expect that Caretrust REIT will report full year sales of $171.24 million for the current fiscal year, with estimates ranging from $162.29 million to $180.00 million. For the next financial year, analysts forecast that the company will post sales of $184.77 million, with estimates ranging from $165.25 million to $206.20 million. Zacks Investment Research’s sales calculations are a mean average based on a survey of sell-side research analysts that that provide coverage for Caretrust REIT.
Caretrust REIT (NASDAQ:CTRE) last issued its earnings results on Wednesday, February 13th. The real estate investment trust reported $0.18 EPS for the quarter, missing the consensus estimate of $0.32 by ($0.14). The firm had revenue of $40.36 million during the quarter, compared to analyst estimates of $39.99 million. Caretrust REIT had a return on equity of 8.52% and a net margin of 36.91%. Caretrust REIT’s revenue was up 10.3% compared to the same quarter last year. During the same quarter in the previous year, the business posted $0.31 EPS.
Large investors have recently added to or reduced their stakes in the stock. Oregon Public Employees Retirement Fund acquired a new position in Caretrust REIT during the 4th quarter valued at approximately $32,000. FNY Investment Advisers LLC acquired a new position in Caretrust REIT during the 4th quarter valued at approximately $39,000. First Interstate Bank acquired a new position in Caretrust REIT during the 4th quarter valued at approximately $48,000. Advisor Group Inc. boosted its position in Caretrust REIT by 60.4% during the 4th quarter. Advisor Group Inc. now owns 4,168 shares of the real estate investment trust’s stock valued at $77,000 after purchasing an additional 1,570 shares during the period. Finally, NumerixS Investment Technologies Inc acquired a new position in Caretrust REIT during the 4th quarter valued at approximately $89,000. Institutional investors and hedge funds own 88.34% of the company’s stock.
Shares of CTRE opened at $23.39 on Monday. The company has a market capitalization of $2.08 billion, a PE ratio of 18.27 and a beta of 0.91. The company has a quick ratio of 3.02, a current ratio of 3.02 and a debt-to-equity ratio of 0.64. Caretrust REIT has a 52 week low of $12.73 and a 52 week high of $24.43.
The business also recently disclosed a quarterly dividend, which was paid on Monday, April 15th. Investors of record on Friday, March 29th were given a dividend of $0.225 per share. The ex-dividend date of this dividend was Thursday, March 28th. This represents a $0.90 dividend on an annualized basis and a yield of 3.85%. This is a positive change from Caretrust REIT’s previous quarterly dividend of $0.21. Caretrust REIT’s payout ratio is currently 70.31%.
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 199 net-leased healthcare properties and three operated seniors housing properties in 27 states, CareTrust 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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