Equities analysts predict that Caretrust REIT Inc (NASDAQ:CTRE) will report $0.35 earnings per share (EPS) for the current fiscal quarter, according to Zacks Investment Research. Four analysts have issued estimates for Caretrust REIT’s earnings, with the lowest EPS estimate coming in at $0.34 and the highest estimate coming in at $0.35. Caretrust REIT posted earnings of $0.32 per share during the same quarter last year, which suggests a positive year over year growth rate of 9.4%. The firm is scheduled to report its next earnings report on Wednesday, February 12th.
On average, analysts expect that Caretrust REIT will report full year earnings of $1.37 per share for the current financial year, with EPS estimates ranging from $1.36 to $1.38. For the next financial year, analysts forecast that the company will post earnings of $1.41 per share, with EPS estimates ranging from $1.40 to $1.45. Zacks’ EPS calculations are an average based on a survey of sell-side research firms that cover Caretrust REIT.
Several brokerages recently commented on CTRE. Mizuho began coverage on Caretrust REIT in a research note on Thursday, December 19th. They issued an “underperform” rating on the stock. BMO Capital Markets lowered Caretrust REIT from an “outperform” rating to a “market perform” rating and decreased their price target for the company from $26.00 to $22.00 in a research note on Tuesday, January 7th. Zacks Investment Research lowered Caretrust REIT from a “hold” rating to a “sell” rating in a research note on Friday, January 3rd. Finally, BidaskClub raised Caretrust REIT from a “hold” rating to a “buy” rating in a research note on Tuesday, February 4th. Two analysts have rated the stock with a sell rating, three have issued a hold rating and five have issued a buy rating to the company’s stock. Caretrust REIT has a consensus rating of “Hold” and a consensus target price of $25.43.
The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, January 15th. Shareholders of record on Tuesday, December 31st were paid a $0.225 dividend. This represents a $0.90 dividend on an annualized basis and a yield of 3.95%. The ex-dividend date was Monday, December 30th. Caretrust REIT’s dividend payout ratio is currently 70.31%.
A number of institutional investors have recently bought and sold shares of the business. Advisor Group Inc. boosted its stake in Caretrust REIT by 5.6% in the fourth quarter. Advisor Group Inc. now owns 9,919 shares of the real estate investment trust’s stock worth $204,000 after purchasing an additional 528 shares in the last quarter. Mason Street Advisors LLC boosted its stake in Caretrust REIT by 1.7% in the third quarter. Mason Street Advisors LLC now owns 32,447 shares of the real estate investment trust’s stock worth $763,000 after purchasing an additional 542 shares in the last quarter. Municipal Employees Retirement System of Michigan boosted its stake in Caretrust REIT by 2.0% in the fourth quarter. Municipal Employees Retirement System of Michigan now owns 29,240 shares of the real estate investment trust’s stock worth $603,000 after purchasing an additional 570 shares in the last quarter. New York State Teachers Retirement System boosted its stake in Caretrust REIT by 0.5% in the third quarter. New York State Teachers Retirement System now owns 145,620 shares of the real estate investment trust’s stock worth $3,423,000 after purchasing an additional 700 shares in the last quarter. Finally, Thrivent Financial for Lutherans boosted its stake in Caretrust REIT by 0.8% in the fourth quarter. Thrivent Financial for Lutherans now owns 86,667 shares of the real estate investment trust’s stock worth $1,788,000 after purchasing an additional 711 shares in the last quarter. 89.13% of the stock is currently owned by institutional investors.
About Caretrust REIT
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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