CareTrust REIT (CTRE) to Release Quarterly Earnings on Thursday

CareTrust REIT (NASDAQ:CTRE - Get Free Report) is scheduled to issue its quarterly earnings data after the market closes on Thursday, May 2nd. Analysts expect the company to announce earnings of $0.37 per share for the quarter. Parties that are interested in registering for the company's conference call can do so using this link.

CareTrust REIT Stock Up 1.5 %

Shares of CareTrust REIT stock traded up $0.36 during trading on Monday, reaching $24.67. 686,782 shares of the company traded hands, compared to its average volume of 1,351,060. The company has a debt-to-equity ratio of 0.42, a current ratio of 8.67 and a quick ratio of 8.67. CareTrust REIT has a 1-year low of $18.18 and a 1-year high of $24.71. The company has a 50 day moving average price of $23.68 and a 200-day moving average price of $22.68. The firm has a market capitalization of $3.33 billion, a PE ratio of 49.61 and a beta of 1.05.

CareTrust REIT Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Monday, April 15th. Investors of record on Thursday, March 28th were given a dividend of $0.29 per share. This represents a $1.16 dividend on an annualized basis and a dividend yield of 4.70%. The ex-dividend date was Wednesday, March 27th. This is an increase from CareTrust REIT's previous quarterly dividend of $0.28. CareTrust REIT's payout ratio is presently 236.73%.

Analyst Ratings Changes

A number of brokerages have commented on CTRE. KeyCorp boosted their price target on shares of CareTrust REIT from $22.00 to $25.00 and gave the company an "overweight" rating in a research note on Friday, January 5th. Royal Bank of Canada decreased their price target on shares of CareTrust REIT from $25.00 to $24.00 and set an "outperform" rating for the company in a research note on Wednesday, January 31st. Finally, Deutsche Bank Aktiengesellschaft began coverage on shares of CareTrust REIT in a research note on Tuesday, January 30th. They set a "hold" rating and a $23.00 price target for the company. Three equities research analysts have rated the stock with a hold rating and five have assigned a buy rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and a consensus price target of $23.57.

CareTrust REIT Company Profile

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.