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

CareTrust REIT (NASDAQ:CTRE - Get Free Report) 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 -.

Analyst Upgrades and Downgrades

A number of research analysts have recently weighed in on the company. BMO Capital Markets lowered CareTrust REIT from an "outperform" rating to a "market perform" rating and dropped their target price for the company from $34.00 to $32.00 in a report on Monday, December 9th. Wedbush lowered CareTrust REIT from a "neutral" rating to an "underperform" rating and dropped their price target for the stock from $34.00 to $26.00 in a 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 issued a buy rating to the company's stock. Based on data from MarketBeat, the company has a consensus rating of "Hold" and a consensus target price of $30.67.

CareTrust REIT Stock Performance

CareTrust REIT stock traded down $0.10 during mid-day trading on Friday, reaching $26.43. 1,792,844 shares of the company's stock were exchanged, compared to its average volume of 1,339,118. The business's fifty day simple moving average is $27.02 and its 200 day simple moving average is $28.94. The firm has a market capitalization of $4.53 billion, a PE ratio of 36.70, a P/E/G ratio of 1.24 and a beta of 1.09. CareTrust REIT has a one year low of $22.42 and a one year high of $33.15. The company has a quick ratio of 7.60, a current ratio of 7.60 and a debt-to-equity ratio of 0.16.

CareTrust REIT (NASDAQ:CTRE - Get Free Report) last posted its earnings results on Wednesday, February 12th. The real estate investment trust reported $0.29 EPS for the quarter, missing the consensus estimate of $0.41 by ($0.12). CareTrust REIT had a return on equity of 5.32% and a net margin of 36.88%. During the same period in the previous year, the firm earned $0.25 EPS. On average, sell-side analysts expect that CareTrust REIT will post 1.5 earnings per share for the current year.

CareTrust REIT Dividend Announcement

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