CareTrust REIT (NASDAQ:CTRE) Releases FY 2025 Earnings Guidance

CareTrust REIT (NASDAQ:CTRE) updated its FY 2025 earnings guidance on Wednesday. The company provided earnings per share (EPS) guidance of 1.680-1.720 for the period, compared to the consensus estimate of 1.750. The company issued revenue guidance of -.

Wall Street Analyst Weigh In

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

CareTrust REIT Stock Up 1.9 %

Shares of CTRE stock traded up $0.48 on Thursday, reaching $26.06. 1,435,341 shares of the company were exchanged, compared to its average volume of 1,631,374. The company has a market cap of $4.47 billion, a price-to-earnings ratio of 36.19, a PEG ratio of 1.24 and a beta of 1.09. The company has a 50-day moving average of $27.14 and a 200-day moving average of $28.93. CareTrust REIT has a one year low of $22.42 and a one year high of $33.15. The company has a debt-to-equity ratio of 0.16, a current ratio of 7.60 and a quick ratio of 7.60.

CareTrust REIT (NASDAQ:CTRE) last released its earnings results on Wednesday, February 12th. The real estate investment trust reported $0.29 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.41 by ($0.12). CareTrust REIT had a net margin of 36.88% and a return on equity of 5.32%. During the same period in the prior year, the business earned $0.25 earnings per share. Analysts anticipate that CareTrust REIT will post 1.5 earnings per share for the current year.

CareTrust REIT Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Wednesday, January 15th. Shareholders of record on Tuesday, December 31st were paid a $0.29 dividend. This represents a $1.16 annualized dividend and a yield of 4.45%. The ex-dividend date was Tuesday, December 31st. CareTrust REIT’s dividend payout ratio is presently 161.11%.

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.