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

CareTrust REIT (NASDAQ:CTRE) will issue 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 Stock Up 1.1 %

CTRE stock opened at $26.54 on Friday. The company has a market cap of $3.77 billion, a PE 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 has a twelve month low of $19.43 and a twelve month high of $27.32. The business’s 50-day simple moving average is $25.67 and its 200 day simple moving average is $24.10.

CareTrust REIT Announces Dividend

The firm also recently declared 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 dividend on an annualized basis and a yield of 4.37%. The ex-dividend date of this dividend was Friday, June 28th. CareTrust REIT’s dividend payout ratio is 223.08%.

Analyst Upgrades and Downgrades

A number of brokerages have commented on CTRE. Wells Fargo & Company raised their price target on shares of CareTrust REIT from $24.00 to $26.00 and gave the stock an “equal weight” rating in a research note on Thursday, May 30th. Wedbush began coverage on shares of CareTrust REIT in a research note on Wednesday, May 29th. They set a “neutral” rating and a $26.00 price target for the company. KeyCorp raised their price target on shares of CareTrust REIT from $25.00 to $27.00 and gave the stock an “overweight” rating in a research note on Thursday, May 9th. Finally, Deutsche Bank Aktiengesellschaft raised their price target on shares of CareTrust REIT from $23.00 to $27.00 and gave the stock a “hold” rating in a research note on Monday, July 1st. Four research analysts have rated the stock with a hold rating and five have issued a buy rating to the stock. According to data from MarketBeat.com, CareTrust REIT currently has a consensus rating of “Moderate Buy” and a consensus target price of $25.00.

About CareTrust REIT

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.