Capital One Financial Comments on Caretrust REIT Inc’s FY2019 Earnings (NASDAQ:CTRE)

Caretrust REIT Inc (NASDAQ:CTRE) – Stock analysts at Capital One Financial lifted their FY2019 earnings per share estimates for shares of Caretrust REIT in a research report issued to clients and investors on Sunday, November 10th. Capital One Financial analyst D. Bernstein now expects that the real estate investment trust will post earnings of $1.38 per share for the year, up from their previous estimate of $1.37. Capital One Financial has a “Overweight” rating and a $25.00 price objective on the stock.

Caretrust REIT (NASDAQ:CTRE) last released its earnings results on Thursday, November 7th. The real estate investment trust reported ($0.11) EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.34 by ($0.45). The business had revenue of $33.31 million for the quarter, compared to analysts’ expectations of $43.64 million. Caretrust REIT had a net margin of 25.85% and a return on equity of 4.76%. The business’s quarterly revenue was down 15.7% compared to the same quarter last year. During the same quarter last year, the company posted $0.32 earnings per share.

CTRE has been the topic of several other reports. Berenberg Bank started coverage on Caretrust REIT in a research note on Thursday, September 12th. They set a “buy” rating and a $29.00 price objective on the stock. Zacks Investment Research cut Caretrust REIT from a “buy” rating to a “hold” rating in a research note on Monday. Barclays started coverage on Caretrust REIT in a research note on Tuesday, September 3rd. They set an “overweight” rating and a $26.00 price objective on the stock. ValuEngine cut Caretrust REIT from a “buy” rating to a “hold” rating in a research note on Thursday, August 1st. Finally, BMO Capital Markets restated a “buy” rating and set a $26.00 price objective on shares of Caretrust REIT in a research note on Wednesday, August 7th. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating and six have assigned a buy rating to the company’s stock. Caretrust REIT has an average rating of “Buy” and a consensus price target of $25.50.

Shares of CTRE opened at $19.50 on Wednesday. The business’s fifty day moving average price is $23.27 and its 200 day moving average price is $23.77. Caretrust REIT has a 12-month low of $17.71 and a 12-month high of $25.54. The stock has a market capitalization of $1.96 billion, a PE ratio of 15.23 and a beta of 0.66. The company has a debt-to-equity ratio of 0.60, a current ratio of 0.48 and a quick ratio of 0.48.

The business also recently announced a — dividend, which was paid on Tuesday, October 15th. Shareholders of record on Monday, September 30th were paid a $0.225 dividend. This represents a yield of 3.9%. The ex-dividend date of this dividend was Friday, September 27th. Caretrust REIT’s payout ratio is 70.31%.

A number of hedge funds have recently bought and sold shares of CTRE. Point72 Asset Management L.P. bought a new stake in Caretrust REIT in the second quarter valued at $36,000. Nelson Van Denburg & Campbell Wealth Management Group LLC bought a new stake in Caretrust REIT in the second quarter valued at $71,000. Meridian Wealth Management LLC bought a new stake in Caretrust REIT in the second quarter valued at $95,000. Russell Investments Group Ltd. acquired a new position in shares of Caretrust REIT during the second quarter valued at $146,000. Finally, Nvwm LLC acquired a new position in shares of Caretrust REIT during the second quarter valued at $151,000. Institutional investors own 89.68% 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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