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

Key Points

• CareTrust REIT has issued FY 2025 earnings guidance with an expected EPS of 1.770-1.790.
• The company's recent quarterly dividend was $0.335 per share, representing an annual yield of 4.1% and a payout ratio of 145.65%.
• Wells Fargo raised their price objective for CareTrust REIT from $31.00 to $32.00, maintaining an "overweight" rating on the stock.

CareTrust REIT (NASDAQ:CTRE - Get Free Report) issued an update on its FY 2025 earnings guidance on Thursday morning. The company provided earnings per share (EPS) guidance of 1.770-1.790 for the period. The company issued revenue guidance of -.

CareTrust REIT Stock Performance

CareTrust REIT stock traded up $0.36 during mid-day trading on Friday, hitting $32.91. 2,774,266 shares of the company's stock traded hands, compared to its average volume of 1,756,490. The firm has a 50 day moving average price of $30.54 and a 200 day moving average price of $28.65. The company has a quick ratio of 3.82, a current ratio of 3.82 and a debt-to-equity ratio of 0.14. The company has a market cap of $6.31 billion, a PE ratio of 41.66, a price-to-earnings-growth ratio of 1.25 and a beta of 0.85. CareTrust REIT has a one year low of $24.79 and a one year high of $33.52.

CareTrust REIT Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, July 15th. Stockholders of record on Monday, June 30th were paid a $0.335 dividend. This represents a $1.34 dividend on an annualized basis and a dividend yield of 4.1%. The ex-dividend date of this dividend was Monday, June 30th. CareTrust REIT's payout ratio is currently 145.65%.

Wall Street Analysts Forecast Growth

Separately, Wells Fargo & Company boosted their price objective on CareTrust REIT from $31.00 to $32.00 and gave the stock an "overweight" rating in a research note on Monday, June 2nd. One equities research analyst has rated the stock with a sell rating, one has assigned a hold rating and four have given a buy rating to the company. According to MarketBeat, the company has an average rating of "Moderate Buy" and a consensus target price of $31.17.

Institutional Trading of CareTrust REIT

An institutional investor recently raised its position in CareTrust REIT stock. Royal Bank of Canada increased its stake in CareTrust REIT, Inc. (NASDAQ:CTRE - Free Report) by 36.4% during the first quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 179,501 shares of the real estate investment trust's stock after acquiring an additional 47,936 shares during the quarter. Royal Bank of Canada owned approximately 0.09% of CareTrust REIT worth $5,129,000 at the end of the most recent quarter. 87.77% of the stock is currently owned by institutional investors.

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.