NASDAQ:CTRE - Caretrust REIT Stock Price, Forecast & News

Caretrust REIT's stock was trading at $16.99 on March 11th, 2020 when Coronavirus (COVID-19) reached pandemic status according to the World Health Organization. Since then, CTRE shares have decreased by 8.2% and is now trading at $15.59. View which stocks have been mosted impacted by Coronavirus.

8 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Caretrust REIT in the last year. There are currently 1 sell rating, 3 hold ratings and 4 buy ratings for the stock, resulting in a consensus recommendation of "Hold." View analyst ratings for Caretrust REIT.

Caretrust REIT is scheduled to release its next quarterly earnings announcement on Tuesday, May 5th 2020. View our earnings forecast for Caretrust REIT.

Caretrust REIT Inc (NASDAQ:CTRE) released its earnings results on Thursday, November, 7th. The real estate investment trust reported ($0.11) earnings per share for the quarter, missing the consensus estimate of $0.34 by $0.45. The real estate investment trust had revenue of $33.31 million for the quarter, compared to the consensus estimate of $43.64 million. Caretrust REIT had a return on equity of 5.12% and a net margin of 28.37%. The company's revenue was down 15.7% on a year-over-year basis. During the same period last year, the business posted $0.32 earnings per share. View Caretrust REIT's earnings history.

Caretrust REIT announced a quarterly dividend on Friday, March 13th. Shareholders of record on Tuesday, March 31st will be given a dividend of $0.25 per share on Wednesday, April 15th. This represents a $1.00 dividend on an annualized basis and a dividend yield of 6.41%. The ex-dividend date is Monday, March 30th. This is a boost from Caretrust REIT's previous quarterly dividend of $0.23. View Caretrust REIT's dividend history.

Caretrust REIT issued an update on its FY20 earnings guidance on Thursday, February, 20th. The company provided earnings per share (EPS) guidance of $1.32 to $1.34 for the period, compared to the Thomson Reuters consensus estimate of $1.40.

8 analysts have issued 1 year price objectives for Caretrust REIT's shares. Their forecasts range from $20.00 to $26.00. On average, they expect Caretrust REIT's share price to reach $24.00 in the next year. This suggests a possible upside of 53.9% from the stock's current price. View analysts' price targets for Caretrust REIT.

News articles about CTRE stock have trended somewhat negative this week, according to InfoTrie. The research firm identifies positive and negative news coverage by reviewing more than six thousand news and blog sources. The firm ranks coverage of publicly-traded companies on a scale of -5 to 5, with scores closest to five being the most favorable. Caretrust REIT earned a media sentiment score of -1.9 on InfoTrie's scale. They also assigned headlines about the real estate investment trust a news buzz of 0.0 out of 10, meaning that recent news coverage is extremely unlikely to have an impact on the stock's share price in the next few days. View the latest news aboutCaretrust REIT.

Caretrust REIT saw a increase in short interest during the month of March. As of March 13th, there was short interest totaling 2,152,400 shares, an increase of 8.7% from the February 27th total of 1,980,000 shares. Based on an average daily trading volume, of 1,178,500 shares, the days-to-cover ratio is currently 1.8 days. Approximately 2.5% of the shares of the company are short sold. View Caretrust REIT's Current Options Chain.

Some companies that are related to Caretrust REIT include National Retail Properties (NNN), Federal Realty Investment Trust (FRT), Gaming and Leisure Properties (GLPI), Healthcare Trust Of America (HTA), Vereit (VER), Douglas Emmett (DEI), Apartment Investment and Management (AIV), Lamar Advertising (LAMR), CubeSmart (CUBE), Store Capital (STOR), Kimco Realty (KIM), Rexford Industrial Realty (REXR), Life Storage (LSI), CoreSite Realty (COR) and JBG SMITH Properties (JBGS).

Based on aggregate information from My MarketBeat watchlists, some companies that other Caretrust REIT investors own include AGNC Investment (AGNC), Energy Transfer LP Unit (ET), Omega Healthcare Investors (OHI), Apple Hospitality REIT (APLE), AT&T (T), NVIDIA (NVDA), Verizon Communications (VZ), Cisco Systems (CSCO), Enterprise Products Partners (EPD) and Kinder Morgan (KMI).

Caretrust REIT trades on the NASDAQ under the ticker symbol "CTRE."

Shares of CTRE can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.

One share of CTRE stock can currently be purchased for approximately $15.59.

Caretrust REIT has a market capitalization of $1.49 billion and generates $163.40 million in revenue each year. The real estate investment trust earns $46.36 million in net income (profit) each year or $1.36 on an earnings per share basis. Caretrust REIT employs 57 workers across the globe. View additional information about Caretrust REIT.

The official website for Caretrust REIT is http://www.caretrustreit.com/.

Caretrust REIT's mailing address is 905 CALLE AMANECER SUITE 300, SAN CLEMENTE CA, 92673. The real estate investment trust can be reached via phone at 949-542-3130 or via email at [email protected]