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 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 -.

CareTrust REIT Price Performance

Shares of CareTrust REIT stock traded down $0.07 during midday trading on Friday, hitting $26.46. 153,900 shares of the company traded hands, compared to its average volume of 1,679,011. The stock has a market cap of $4.54 billion, a price-to-earnings ratio of 36.76, a PEG 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 firm’s fifty day moving average price is $27.14 and its 200-day moving average price is $28.93. CareTrust REIT has a 12 month low of $22.42 and a 12 month high of $33.15.

CareTrust REIT (NASDAQ:CTRE) last announced its quarterly 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 quarter in the prior year, the business earned $0.25 EPS. As a group, sell-side analysts forecast that CareTrust REIT will post 1.5 earnings per share for the current year.

CareTrust REIT Dividend Announcement

The firm also recently announced 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. The ex-dividend date was Tuesday, December 31st. This represents a $1.16 annualized dividend and a yield of 4.38%. CareTrust REIT’s dividend payout ratio is presently 161.11%.

Analyst Upgrades and Downgrades

CTRE has been the topic of several recent research reports. Wedbush downgraded shares of CareTrust REIT from a “neutral” rating to an “underperform” rating and cut their target price for the stock from $34.00 to $26.00 in a research report on Thursday, January 2nd. BMO Capital Markets downgraded shares of CareTrust REIT from an “outperform” rating to a “market perform” rating and dropped their price target for the stock from $34.00 to $32.00 in a research report on Monday, December 9th. One equities research analyst has rated the stock with a sell rating, two have given a hold rating and three have given a buy rating to the company’s stock. Based on data from MarketBeat, the company currently has a consensus rating of “Hold” and an average target price 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.