CareTrust REIT (NASDAQ:CTRE) Updates FY 2025 Earnings Guidance

CareTrust REIT (NASDAQ:CTRE) issued an update on its FY 2025 earnings guidance on Wednesday morning. The company provided earnings per share guidance of 1.680-1.720 for the period, compared to the consensus earnings per share estimate of 1.750. The company issued revenue guidance of -.

CareTrust REIT Stock Performance

NASDAQ CTRE traded down $0.07 on Friday, hitting $26.46. 153,900 shares of the stock were exchanged, compared to its average volume of 1,679,011. The company has a debt-to-equity ratio of 0.16, a current ratio of 7.60 and a quick ratio of 7.60. The business’s fifty day moving average is $27.14 and its 200 day moving average is $28.93. CareTrust REIT has a 52 week low of $22.42 and a 52 week high of $33.15. The company has a market capitalization of $4.54 billion, a PE ratio of 36.76, a P/E/G ratio of 1.24 and a beta of 1.09.

CareTrust REIT (NASDAQ:CTRE) last posted its quarterly earnings results on Wednesday, February 12th. The real estate investment trust reported $0.29 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.41 by ($0.12). CareTrust REIT had a return on equity of 5.32% and a net margin of 36.88%. During the same quarter in the prior year, the business earned $0.25 EPS. Research analysts anticipate that CareTrust REIT will post 1.5 EPS for the current fiscal year.

CareTrust REIT Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Wednesday, January 15th. Stockholders of record on Tuesday, December 31st were paid a dividend of $0.29 per share. This represents a $1.16 dividend on an annualized basis and a dividend yield of 4.38%. The ex-dividend date of this dividend was Tuesday, December 31st. CareTrust REIT’s dividend payout ratio is presently 161.11%.

Analyst Ratings Changes

A number of research firms have recently issued reports on CTRE. Wedbush cut shares of CareTrust REIT from a “neutral” rating to an “underperform” rating and cut their target price for the stock from $34.00 to $26.00 in a research note on Thursday, January 2nd. BMO Capital Markets lowered shares of CareTrust REIT from an “outperform” rating to a “market perform” rating and lowered their price target for the stock from $34.00 to $32.00 in a research report on Monday, December 9th. One analyst has rated the stock with a sell rating, two have issued a hold rating and three have issued a buy rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of “Hold” and a consensus price target of $30.67.

CareTrust REIT Company Profile

CareTrust REIT, Inc’s (CareTrust REIT or the Company) primary business consists of acquiring, financing, developing and owning real property to be leased to third-party tenants in the healthcare sector. As of March 31, 2024, the Company owned directly or through a joint venture and leased to independent operators, 228 skilled nursing facilities (SNFs), multi-service campuses, assisted living facilities (ALFs) and independent living facilities (ILFs) consisting of 24,189 operational beds and units located in 29 states with the highest concentration of properties by rental income located in California and Texas.