CareTrust REIT, Inc. (NASDAQ:CTRE) – Stock analysts at Capital One Financial Corporation cut their FY2017 earnings estimates for shares of CareTrust REIT in a research note issued to investors on Tuesday. Capital One Financial Corporation analyst D. Bernstein now expects that the real estate investment trust will earn $1.16 per share for the year, down from their prior forecast of $1.17. Capital One Financial Corporation currently has a “Equal Weight” rating and a $21.00 target price on the stock. Capital One Financial Corporation also issued estimates for CareTrust REIT’s Q4 2017 earnings at $0.31 EPS, Q1 2018 earnings at $0.32 EPS, Q2 2018 earnings at $0.33 EPS, Q3 2018 earnings at $0.34 EPS, Q4 2018 earnings at $0.34 EPS, FY2018 earnings at $1.33 EPS, Q1 2019 earnings at $0.35 EPS, Q2 2019 earnings at $0.36 EPS and FY2019 earnings at $1.44 EPS.
CareTrust REIT (NASDAQ:CTRE) last released its quarterly earnings results on Wednesday, November 8th. The real estate investment trust reported $0.28 EPS for the quarter, missing the Zacks’ consensus estimate of $0.29 by ($0.01). The business had revenue of $32.90 million for the quarter, compared to the consensus estimate of $32.91 million. CareTrust REIT had a return on equity of 5.76% and a net margin of 25.68%. The firm’s revenue was up 21.4% on a year-over-year basis. During the same quarter last year, the company earned $0.28 earnings per share.
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A number of other equities research analysts have also commented on the company. KeyCorp restated a “buy” rating and set a $20.00 price target on shares of CareTrust REIT in a research report on Friday, August 25th. Zacks Investment Research upgraded CareTrust REIT from a “sell” rating to a “buy” rating and set a $21.00 price target on the stock in a research report on Tuesday, October 24th. BidaskClub upgraded CareTrust REIT from a “hold” rating to a “buy” rating in a research report on Saturday, August 19th. BMO Capital Markets restated a “hold” rating and set a $20.00 price target on shares of CareTrust REIT in a research report on Thursday, November 9th. Finally, Stifel Nicolaus restated a “hold” rating and set a $19.00 price target (up from $17.00) on shares of CareTrust REIT in a research report on Thursday, November 9th. Five analysts have rated the stock with a hold rating and five have assigned a buy rating to the company’s stock. CareTrust REIT presently has an average rating of “Buy” and a consensus price target of $19.38.
Shares of CareTrust REIT (CTRE) opened at $18.64 on Friday. The company has a market capitalization of $1,415.20, a P/E ratio of 16.07, a P/E/G ratio of 3.98 and a beta of 0.83. CareTrust REIT has a 12-month low of $13.57 and a 12-month high of $19.86. The company has a current ratio of 1.60, a quick ratio of 1.60 and a debt-to-equity ratio of 0.81.
Several hedge funds have recently bought and sold shares of the company. California Public Employees Retirement System lifted its stake in shares of CareTrust REIT by 13.1% in the 3rd quarter. California Public Employees Retirement System now owns 148,786 shares of the real estate investment trust’s stock valued at $2,833,000 after purchasing an additional 17,286 shares during the period. Janus Henderson Group PLC acquired a new position in shares of CareTrust REIT in the 3rd quarter valued at $197,000. Asset Management One Co. Ltd. lifted its stake in shares of CareTrust REIT by 3.5% in the 3rd quarter. Asset Management One Co. Ltd. now owns 158,281 shares of the real estate investment trust’s stock valued at $3,001,000 after purchasing an additional 5,392 shares during the period. Dimensional Fund Advisors LP raised its stake in CareTrust REIT by 3.6% during the 3rd quarter. Dimensional Fund Advisors LP now owns 983,245 shares of the real estate investment trust’s stock worth $18,721,000 after buying an additional 34,038 shares during the period. Finally, Schwab Charles Investment Management Inc. raised its stake in CareTrust REIT by 20.0% during the 3rd quarter. Schwab Charles Investment Management Inc. now owns 353,631 shares of the real estate investment trust’s stock worth $6,734,000 after buying an additional 58,983 shares during the period. 88.24% of the stock is currently owned by institutional investors.
CareTrust REIT Company Profile
CareTrust REIT, Inc is a self-administered, self-managed real estate investment trust. The Company is engaged in the ownership, acquisition and leasing of healthcare-related properties. It makes investments in healthcare-related real estate assets. As of December 31, 2016, its real estate portfolio included 154 skilled nursing facilities (SNFs), SNF Campuses, assisted living facilities and independent living facilities.
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