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

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

CareTrust REIT Price Performance

Shares of CareTrust REIT stock traded up $0.48 on Thursday, hitting $26.06. 1,435,341 shares of the company traded hands, compared to its average volume of 1,631,374. 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 $27.14 and a 200 day simple moving average of $28.93. CareTrust REIT has a 52 week low of $22.42 and a 52 week high of $33.15. The stock has a market capitalization of $4.47 billion, a P/E ratio of 36.19, a price-to-earnings-growth ratio of 1.24 and a beta of 1.09.

CareTrust REIT (NASDAQ:CTRE) last issued its quarterly earnings results on Wednesday, February 12th. 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). CareTrust REIT had a return on equity of 5.32% and a net margin of 36.88%. During the same period in the prior year, the company earned $0.25 earnings per share. Research analysts expect that CareTrust REIT will post 1.5 earnings per share for the current fiscal year.

CareTrust REIT Announces Dividend

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

Wall Street Analysts Forecast Growth

CTRE has been the subject of several research reports. Wedbush downgraded shares of CareTrust REIT from a “neutral” rating to an “underperform” rating and lowered their price objective for the stock from $34.00 to $26.00 in a research note on Thursday, January 2nd. BMO Capital Markets lowered 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 report on Monday, December 9th. One research analyst has rated the stock with a sell rating, two have assigned a hold rating and three have issued a buy rating to the stock. According to MarketBeat, the company currently has an average rating of “Hold” and an average price target 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.