CareTrust REIT (CTRE) to Release Earnings on Thursday

CareTrust REIT (NASDAQ:CTRE) is scheduled to 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. Investors that wish to listen to the company’s conference call can do so using this link.

CareTrust REIT Stock Performance

CTRE stock traded up $0.07 during midday trading on Tuesday, hitting $26.98. The company’s stock had a trading volume of 197,785 shares, compared to its average volume of 1,347,808. The stock has a market cap of $3.83 billion, a price-to-earnings ratio of 52.04 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. The stock’s 50-day moving average price is $25.67 and its 200 day moving average price is $24.13. CareTrust REIT has a 1 year low of $19.43 and a 1 year high of $27.32.

CareTrust REIT Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Monday, July 15th. Investors of record on Friday, June 28th were issued a $0.29 dividend. This represents a $1.16 dividend on an annualized basis and a dividend yield of 4.30%. The ex-dividend date of this dividend was Friday, June 28th. CareTrust REIT’s dividend payout ratio (DPR) is currently 223.08%.

Analyst Ratings Changes

CTRE has been the topic of several research reports. Deutsche Bank Aktiengesellschaft lifted their price objective on shares of CareTrust REIT from $23.00 to $27.00 and gave the stock a “hold” rating in a research report on Monday, July 1st. KeyCorp upped their price objective on CareTrust REIT from $25.00 to $27.00 and gave the company an “overweight” rating in a research note on Thursday, May 9th. Wells Fargo & Company raised their target price 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, Wedbush initiated coverage on CareTrust REIT in a research report on Wednesday, May 29th. They set a “neutral” rating and a $26.00 price target on the stock. Four equities research analysts have rated the stock with a hold rating and four have issued a buy rating to the company. Based on data from MarketBeat.com, CareTrust REIT presently has a consensus rating of “Moderate Buy” and an average target price of $25.29.

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.