Brokerages expect Caretrust REIT Inc (NASDAQ:CTRE) to announce earnings per share (EPS) of $0.35 for the current fiscal quarter, Zacks Investment Research reports. Three analysts have provided estimates for Caretrust REIT’s earnings, with estimates ranging from $0.33 to $0.36. Caretrust REIT posted earnings of $0.33 per share in the same quarter last year, which indicates a positive year-over-year growth rate of 6.1%. The firm is expected to report its next quarterly earnings report on Wednesday, August 7th.

On average, analysts expect that Caretrust REIT will report full year earnings of $1.39 per share for the current financial year, with EPS estimates ranging from $1.35 to $1.41. For the next fiscal year, analysts anticipate that the company will report earnings of $1.50 per share, with EPS estimates ranging from $1.46 to $1.54. Zacks’ earnings per share averages are an average based on a survey of research firms that follow Caretrust REIT.

Caretrust REIT (NASDAQ:CTRE) last issued its earnings results on Tuesday, May 7th. The real estate investment trust reported $0.18 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.32 by ($0.14). The firm had revenue of $39.66 million during the quarter, compared to the consensus estimate of $40.79 million. Caretrust REIT had a net margin of 37.46% and a return on equity of 8.08%. The business’s quarterly revenue was up 4.1% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.32 earnings per share.

A number of research firms recently issued reports on CTRE. BidaskClub lowered Caretrust REIT from a “strong-buy” rating to a “buy” rating in a research note on Wednesday, March 20th. Zacks Investment Research upgraded Caretrust REIT from a “hold” rating to a “buy” rating and set a $22.00 price objective on the stock in a research note on Wednesday, January 23rd. BMO Capital Markets reiterated a “buy” rating and set a $22.00 price objective on shares of Caretrust REIT in a research note on Thursday, February 14th. Finally, Stifel Nicolaus set a $26.00 price objective on Caretrust REIT and gave the company a “buy” rating in a research note on Wednesday, May 8th. Three analysts have rated the stock with a hold rating, five have assigned a buy rating and two have issued a strong buy rating to the company. Caretrust REIT presently has an average rating of “Buy” and a consensus target price of $22.57.

Several large investors have recently added to or reduced their stakes in the stock. BlackRock Inc. raised its stake in shares of Caretrust REIT by 6.0% during the 1st quarter. BlackRock Inc. now owns 16,998,314 shares of the real estate investment trust’s stock valued at $398,781,000 after purchasing an additional 955,883 shares during the period. Vanguard Group Inc. grew its position in Caretrust REIT by 4.7% during the third quarter. Vanguard Group Inc. now owns 11,880,091 shares of the real estate investment trust’s stock worth $210,397,000 after buying an additional 538,327 shares in the last quarter. Bank of New York Mellon Corp grew its position in Caretrust REIT by 11.1% during the third quarter. Bank of New York Mellon Corp now owns 2,074,217 shares of the real estate investment trust’s stock worth $36,735,000 after buying an additional 206,551 shares in the last quarter. American Century Companies Inc. grew its position in Caretrust REIT by 62.6% during the fourth quarter. American Century Companies Inc. now owns 1,844,731 shares of the real estate investment trust’s stock worth $34,054,000 after buying an additional 710,291 shares in the last quarter. Finally, Northern Trust Corp grew its position in Caretrust REIT by 30.6% during the fourth quarter. Northern Trust Corp now owns 1,821,443 shares of the real estate investment trust’s stock worth $33,625,000 after buying an additional 426,653 shares in the last quarter. Institutional investors own 89.13% of the company’s stock.

Shares of CTRE opened at $25.23 on Monday. The firm has a market capitalization of $2.41 billion, a price-to-earnings ratio of 19.71 and a beta of 0.91. The company has a debt-to-equity ratio of 0.84, a quick ratio of 15.94 and a current ratio of 15.94. Caretrust REIT has a 1 year low of $15.03 and a 1 year high of $25.44.

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

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