Wall Street analysts predict that Caretrust REIT Inc (NASDAQ:CTRE) will report $44.94 million in sales for the current fiscal quarter, Zacks reports. Three analysts have provided estimates for Caretrust REIT’s earnings, with the highest sales estimate coming in at $46.40 million and the lowest estimate coming in at $43.92 million. Caretrust REIT posted sales of $39.51 million during the same quarter last year, which would indicate a positive year over year growth rate of 13.7%. The business is expected to announce its next quarterly earnings results on Monday, November 4th.

On average, analysts expect that Caretrust REIT will report full-year sales of $175.22 million for the current fiscal year, with estimates ranging from $170.89 million to $179.00 million. For the next fiscal year, analysts expect that the firm will report sales of $191.06 million, with estimates ranging from $179.91 million to $204.10 million. Zacks’ sales calculations are a mean average based on a survey of sell-side research firms that follow Caretrust REIT.

Caretrust REIT (NASDAQ:CTRE) last issued its quarterly earnings data on Tuesday, August 6th. The real estate investment trust reported $0.21 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.35 by ($0.14). Caretrust REIT had a return on equity of 8.08% and a net margin of 39.70%. The business had revenue of $46.20 million during the quarter, compared to the consensus estimate of $43.23 million. During the same quarter last year, the company earned $0.33 EPS. Caretrust REIT’s revenue for the quarter was up 18.6% on a year-over-year basis.

A number of equities research analysts have commented on CTRE shares. Raymond James cut shares of Caretrust REIT from a “strong-buy” rating to a “market perform” rating and set a $25.00 target price on the stock. in a research note on Friday, May 31st. BidaskClub upgraded shares of Caretrust REIT from a “sell” rating to a “hold” rating in a research note on Tuesday, August 6th. Stifel Nicolaus set a $26.00 target price on shares of Caretrust REIT and gave the stock a “buy” rating in a research note on Wednesday, May 8th. Zacks Investment Research cut shares of Caretrust REIT from a “hold” rating to a “strong sell” rating in a research note on Monday. Finally, ValuEngine cut shares of Caretrust REIT from a “buy” rating to a “hold” rating in a research note on Thursday, August 1st. One analyst has rated the stock with a sell rating, three have assigned a hold rating and five have assigned a buy rating to the stock. The company has an average rating of “Hold” and an average price target of $24.57.

NASDAQ CTRE traded up $0.19 on Thursday, reaching $23.97. 513,164 shares of the stock were exchanged, compared to its average volume of 919,934. Caretrust REIT has a one year low of $16.68 and a one year high of $25.54. The firm has a market capitalization of $2.27 billion, a PE ratio of 18.73 and a beta of 0.74. The company’s 50-day simple moving average is $23.43 and its two-hundred day simple moving average is $23.66. The company has a current ratio of 0.97, a quick ratio of 0.97 and a debt-to-equity ratio of 0.56.

Several institutional investors have recently added to or reduced their stakes in the company. BlackRock Inc. raised its position in shares of Caretrust REIT by 9.8% during the second quarter. BlackRock Inc. now owns 18,664,330 shares of the real estate investment trust’s stock valued at $443,836,000 after buying an additional 1,666,016 shares during the last quarter. Vanguard Group Inc. raised its position in shares of Caretrust REIT by 13.4% during the second quarter. Vanguard Group Inc. now owns 14,976,743 shares of the real estate investment trust’s stock valued at $356,147,000 after buying an additional 1,767,795 shares during the last quarter. Invesco Ltd. raised its position in shares of Caretrust REIT by 295.6% during the second quarter. Invesco Ltd. now owns 3,284,547 shares of the real estate investment trust’s stock valued at $78,107,000 after buying an additional 2,454,244 shares during the last quarter. Northern Trust Corp raised its position in shares of Caretrust REIT by 6.1% during the second quarter. Northern Trust Corp now owns 1,922,226 shares of the real estate investment trust’s stock valued at $45,710,000 after buying an additional 109,856 shares during the last quarter. Finally, Centersquare Investment Management LLC raised its position in shares of Caretrust REIT by 11,620.8% during the first quarter. Centersquare Investment Management LLC now owns 1,726,830 shares of the real estate investment trust’s stock valued at $174,000 after buying an additional 1,712,097 shares during the last quarter. Hedge funds and other institutional investors own 84.14% 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 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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