CareTrust REIT (CTRE) Set to Announce Quarterly Earnings on Thursday

CareTrust REIT (NASDAQ:CTRE) will be issuing its quarterly earnings data after the market closes on Thursday, August 1st. Analysts expect the company to announce earnings of $0.36 per share for the quarter.

CareTrust REIT Trading Up 1.1 %

Shares of NASDAQ CTRE opened at $26.54 on Friday. The stock’s 50 day moving average price is $25.67 and its two-hundred day moving average price is $24.10. CareTrust REIT has a 52-week low of $19.43 and a 52-week high of $27.32. The stock has a market capitalization of $3.77 billion, a P/E ratio of 51.04 and a beta of 1.09. The company has a quick ratio of 12.80, a current ratio of 12.80 and a debt-to-equity ratio of 0.36.

CareTrust REIT Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Monday, July 15th. Shareholders of record on Friday, June 28th were paid a dividend of $0.29 per share. This represents a $1.16 annualized dividend and a yield of 4.37%. The ex-dividend date was Friday, June 28th. CareTrust REIT’s payout ratio is currently 223.08%.

Wall Street Analyst Weigh In

CTRE has been the topic of several research reports. Wedbush initiated coverage on CareTrust REIT in a research note on Wednesday, May 29th. They set a “neutral” rating and a $26.00 price objective on the stock. KeyCorp increased their price target on CareTrust REIT from $25.00 to $27.00 and gave the stock an “overweight” rating in a research report on Thursday, May 9th. Wells Fargo & Company increased their price target on CareTrust REIT from $24.00 to $26.00 and gave the stock an “equal weight” rating in a research report on Thursday, May 30th. Finally, Deutsche Bank Aktiengesellschaft increased their price target on CareTrust REIT from $23.00 to $27.00 and gave the stock a “hold” rating in a research report on Monday, July 1st. Four investment analysts have rated the stock with a hold rating and five have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $25.00.

CareTrust REIT Company Profile

CareTrust REIT, Inc is a self-administered, publicly-traded real estate investment trust engaged in the ownership, acquisition, development and leasing of skilled nursing, seniors housing and other healthcare-related properties. With a nationwide portfolio of long-term net-leased properties, and a growing portfolio of quality operators leasing them, CareTrust REIT is pursuing both external and organic growth opportunities across the United States.