Analysts expect Caretrust REIT Inc (NASDAQ:CTRE) to announce $41.81 million in sales for the current quarter, Zacks reports. Three analysts have made estimates for Caretrust REIT’s earnings. The lowest sales estimate is $39.85 million and the highest is $45.60 million. Caretrust REIT reported sales of $38.97 million in the same quarter last year, which would suggest a positive year-over-year growth rate of 7.3%. The company is expected to issue its next earnings report on Wednesday, August 7th.
On average, analysts expect that Caretrust REIT will report full year sales of $168.53 million for the current financial year, with estimates ranging from $159.80 million to $179.00 million. For the next financial year, analysts expect that the business will post sales of $182.56 million, with estimates ranging from $162.65 million to $204.10 million. Zacks’ sales averages are a mean average based on a survey of sell-side analysts that cover Caretrust REIT.
Caretrust REIT (NASDAQ:CTRE) last posted its quarterly earnings data on Tuesday, May 7th. The real estate investment trust reported $0.18 EPS for the quarter, missing analysts’ consensus estimates of $0.32 by ($0.14). The company had revenue of $39.66 million for the quarter, compared to analysts’ expectations of $40.79 million. Caretrust REIT had a return on equity of 8.08% and a net margin of 37.46%. The company’s revenue for the quarter was up 4.1% compared to the same quarter last year. During the same quarter in the prior year, the business posted $0.32 EPS.
Caretrust REIT stock traded up $0.23 during midday trading on Friday, reaching $24.29. 752,000 shares of the company were exchanged, compared to its average volume of 946,762. The stock has a market cap of $2.30 billion, a PE ratio of 18.98 and a beta of 0.85. Caretrust REIT has a 1 year low of $16.29 and a 1 year high of $25.54. The company has a current ratio of 15.94, a quick ratio of 15.94 and a debt-to-equity ratio of 0.84.
A number of hedge funds have recently bought and sold shares of the business. Centersquare Investment Management LLC increased its position in Caretrust REIT by 11,620.8% in the 1st quarter. Centersquare Investment Management LLC now owns 1,726,830 shares of the real estate investment trust’s stock worth $174,000 after purchasing an additional 1,712,097 shares during the last quarter. Copper Rock Capital Partners LLC bought a new stake in Caretrust REIT during the first quarter worth $24,926,000. BlackRock Inc. lifted its stake in Caretrust REIT by 6.0% during the first quarter. BlackRock Inc. now owns 16,998,314 shares of the real estate investment trust’s stock worth $398,781,000 after purchasing an additional 955,883 shares during the last quarter. Goldman Sachs Group Inc. lifted its stake in Caretrust REIT by 153.7% during the first quarter. Goldman Sachs Group Inc. now owns 1,312,403 shares of the real estate investment trust’s stock worth $30,789,000 after purchasing an additional 795,143 shares during the last quarter. Finally, American Century Companies Inc. lifted its stake 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 purchasing an additional 710,291 shares during the last quarter. Institutional investors own 84.72% 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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