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

CareTrust REIT (NASDAQ:CTRE - Get Free Report) released its quarterly earnings results on Wednesday. The real estate investment trust reported $0.29 earnings per share (EPS) for the quarter, missing analysts' consensus estimates 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%. During the same quarter in the prior year, the company earned $0.25 earnings per share. CareTrust REIT updated its FY 2025 guidance to 1.680-1.720 EPS.

CareTrust REIT Stock Down 0.4 %

Shares of CTRE traded down $0.10 on Friday, hitting $26.43. 1,792,844 shares of the stock traded hands, compared to its average volume of 1,339,118. The company has a market capitalization of $4.53 billion, a PE ratio of 18.19, a P/E/G ratio of 1.24 and a beta of 1.09. The company has a debt-to-equity ratio of 0.16, a quick ratio of 7.60 and a current ratio of 7.60. The business has a 50 day simple moving average of $27.02 and a 200 day simple moving average of $28.92. CareTrust REIT has a one year low of $22.42 and a one year high of $33.15.

CareTrust REIT Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Wednesday, January 15th. Investors of record on Tuesday, December 31st were given a dividend of $0.29 per share. This represents a $1.16 annualized dividend and a dividend yield of 4.39%. The ex-dividend date of this dividend was Tuesday, December 31st. CareTrust REIT's dividend payout ratio (DPR) is currently 161.11%.

Wall Street Analyst Weigh In

A number of equities analysts have weighed in on the stock. BMO Capital Markets downgraded shares of CareTrust REIT from an "outperform" rating to a "market perform" rating and decreased their target price for the company from $34.00 to $32.00 in a research note on Monday, December 9th. Wedbush downgraded shares of CareTrust REIT from a "neutral" rating to an "underperform" rating and decreased their target price for the company from $34.00 to $26.00 in a research note on Thursday, January 2nd. One analyst has rated the stock with a sell rating, two have assigned a hold rating and three have assigned a buy rating to the company's stock. According to MarketBeat, the company currently has an average rating of "Hold" and a consensus price target of $30.67.

CareTrust REIT Company Profile

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.