CareTrust REIT (NASDAQ:CTRE) Posts Quarterly Earnings Results, Misses Estimates By $0.12 EPS

CareTrust REIT (NASDAQ:CTRE) issued its earnings results on Wednesday. The real estate investment trust reported $0.29 EPS for the quarter, missing the consensus estimate of $0.41 by ($0.12), RTT News reports. CareTrust REIT had a return on equity of 5.32% and a net margin of 36.88%. CareTrust REIT updated its FY 2025 guidance to 1.680-1.720 EPS.

CareTrust REIT Stock Down 0.7 %

Shares of NASDAQ CTRE traded down $0.19 during mid-day trading on Wednesday, hitting $25.56. 2,990,585 shares of the stock traded hands, compared to its average volume of 1,641,585. The company has a market cap of $4.38 billion, a price-to-earnings ratio of 35.51, a PEG ratio of 1.24 and a beta of 1.09. The stock has a fifty day moving average price of $27.22 and a 200-day moving average price of $28.95. CareTrust REIT has a 52 week low of $22.30 and a 52 week high of $33.15. The company has a debt-to-equity ratio of 0.16, a quick ratio of 7.60 and a current ratio of 7.60.

CareTrust REIT Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Wednesday, January 15th. Stockholders of record on Tuesday, December 31st were given a $0.29 dividend. This represents a $1.16 annualized dividend and a dividend yield of 4.54%. The ex-dividend date was Tuesday, December 31st. CareTrust REIT’s dividend payout ratio is currently 161.11%.

Wall Street Analyst Weigh In

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

About CareTrust REIT

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.