CareTrust REIT (NYSE:CTRE - Get Free Report) announced its earnings results on Wednesday. The company reported $0.43 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.45 by ($0.02), Zacks reports. CareTrust REIT had a net margin of 58.90% and a return on equity of 7.98%.
CareTrust REIT Price Performance
Shares of CTRE traded up $0.80 during midday trading on Friday, reaching $33.35. The stock had a trading volume of 1,297,856 shares, compared to its average volume of 1,745,414. The company has a current ratio of 12.42, a quick ratio of 12.42 and a debt-to-equity ratio of 0.28. The stock has a market capitalization of $6.39 billion, a P/E ratio of 27.79, a PEG ratio of 1.49 and a beta of 0.85. CareTrust REIT has a 12-month low of $24.79 and a 12-month high of $33.52.
Analysts Set New Price Targets
Separately, Wall Street Zen cut shares of CareTrust REIT from a "buy" rating to a "hold" rating in a research report on Saturday, June 14th.
View Our Latest Analysis on CareTrust REIT
About CareTrust REIT
(
Get Free Report)
CareTrust REIT, Inc is a self-administered, publicly-traded real estate investment trust engaged in the ownership, acquisition, development and leasing of skilled nursing, seniors housing and other healthcare-related properties. With a nationwide portfolio of long-term net-leased properties, and a growing portfolio of quality operators leasing them, CareTrust REIT is pursuing both external and organic growth opportunities across the United States.
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