CareTrust REIT (NYSE:CTRE) Issues Earnings Results

CareTrust REIT (NYSE:CTRE) issued its earnings results on Wednesday. The company reported $0.35 earnings per share (EPS) for the quarter, FiscalAI reports. The company had revenue of $132.44 million for the quarter. CareTrust REIT had a net margin of 58.90% and a return on equity of 7.60%.

CareTrust REIT Stock Performance

Shares of CTRE stock traded up $0.64 during mid-day trading on Wednesday, reaching $36.03. 1,697,849 shares of the company’s stock traded hands, compared to its average volume of 1,960,558. CareTrust REIT has a 12 month low of $24.79 and a 12 month high of $36.27. The firm’s 50 day moving average price is $34.41. The company has a quick ratio of 2.83, a current ratio of 2.83 and a debt-to-equity ratio of 0.35. The stock has a market cap of $7.86 billion, a price-to-earnings ratio of 30.03, a PEG ratio of 1.35 and a beta of 0.81.

Analysts Set New Price Targets

Several equities analysts have recently weighed in on CTRE shares. Cantor Fitzgerald raised CareTrust REIT to a “hold” rating in a report on Wednesday, October 1st. Weiss Ratings reiterated a “buy (b)” rating on shares of CareTrust REIT in a research report on Wednesday, October 8th. One investment analyst has rated the stock with a Buy rating and one has issued a Hold rating to the stock. Based on data from MarketBeat.com, CareTrust REIT has an average rating of “Moderate Buy”.

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.