Analysts expect Caretrust REIT Inc (NASDAQ:CTRE) to post earnings per share (EPS) of $0.32 for the current quarter, according to Zacks Investment Research. Two analysts have made estimates for Caretrust REIT’s earnings. Caretrust REIT posted earnings of $0.29 per share during the same quarter last year, which suggests a positive year over year growth rate of 10.3%. The business is expected to issue its next earnings report on Wednesday, November 14th.

On average, analysts expect that Caretrust REIT will report full year earnings of $1.29 per share for the current financial year, with EPS estimates ranging from $1.27 to $1.30. For the next fiscal year, analysts forecast that the firm will post earnings of $1.36 per share, with EPS estimates ranging from $1.29 to $1.40. Zacks Investment Research’s earnings per share calculations are a mean average based on a survey of research analysts that follow Caretrust REIT.

Caretrust REIT (NASDAQ:CTRE) last announced its earnings results on Wednesday, August 1st. The real estate investment trust reported $0.17 earnings per share for the quarter, hitting the Zacks’ consensus estimate of $0.17. Caretrust REIT had a net margin of 28.26% and a return on equity of 6.81%. The company had revenue of $38.97 million during the quarter, compared to the consensus estimate of $38.44 million. During the same period in the previous year, the firm posted $0.30 earnings per share. The company’s revenue was up 18.7% on a year-over-year basis.

A number of equities research analysts recently weighed in on the stock. TheStreet raised shares of Caretrust REIT from a “c+” rating to a “b-” rating in a research note on Friday, May 25th. BidaskClub raised shares of Caretrust REIT from a “hold” rating to a “buy” rating in a research note on Friday, June 1st. ValuEngine raised shares of Caretrust REIT from a “sell” rating to a “hold” rating in a research note on Tuesday, August 7th. Zacks Investment Research downgraded shares of Caretrust REIT from a “hold” rating to a “sell” rating in a research note on Monday, August 6th. Finally, Royal Bank of Canada reissued a “hold” rating and set a $18.00 price target (up from $16.00) on shares of Caretrust REIT in a research note on Thursday, August 9th. Seven investment analysts have rated the stock with a hold rating and four have given a buy rating to the company. The company currently has an average rating of “Hold” and an average price target of $18.22.

Shares of CTRE traded down $0.13 on Thursday, reaching $18.16. 7,214 shares of the company’s stock were exchanged, compared to its average volume of 378,066. The company has a debt-to-equity ratio of 0.85, a current ratio of 1.65 and a quick ratio of 1.65. The company has a market cap of $1.48 billion, a price-to-earnings ratio of 15.64, a price-to-earnings-growth ratio of 2.83 and a beta of 0.81. Caretrust REIT has a 12 month low of $12.73 and a 12 month high of $19.76.

A number of hedge funds and other institutional investors have recently modified their holdings of the stock. Macquarie Group Ltd. grew its holdings in 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. Great West Life Assurance Co. Can grew its holdings in Caretrust REIT by 2.9% during the first quarter. Great West Life Assurance Co. Can now owns 128,367 shares of the real estate investment trust’s stock valued at $1,719,000 after purchasing an additional 3,564 shares during the period. Aperio Group LLC grew its holdings in 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 grew its holdings in 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. Finally, Rhumbline Advisers grew its holdings in Caretrust REIT by 2.8% during the first quarter. Rhumbline Advisers now owns 187,693 shares of the real estate investment trust’s stock valued at $2,515,000 after purchasing an additional 5,171 shares during the period. Hedge funds and other institutional investors own 88.08% of the company’s stock.

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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