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

CareTrust REIT (NASDAQ:CTRE) updated its FY 2025 earnings guidance on Wednesday. The company provided EPS guidance of 1.680-1.720 for the period, compared to the consensus EPS estimate of 1.750. The company issued revenue guidance of -.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently commented on CTRE shares. BMO Capital Markets cut CareTrust REIT from an “outperform” rating to a “market perform” rating and dropped their price objective for the company from $34.00 to $32.00 in a research note on Monday, December 9th. Wedbush downgraded shares of CareTrust REIT from a “neutral” rating to an “underperform” rating and cut their price objective for the stock from $34.00 to $26.00 in a report on Thursday, January 2nd. One research analyst has rated the stock with a sell rating, two have assigned a hold rating and three have issued a buy rating to the company. According to MarketBeat.com, CareTrust REIT currently has a consensus rating of “Hold” and an average price target of $30.67.

CareTrust REIT Price Performance

Shares of CTRE stock traded down $0.19 during trading on Wednesday, hitting $25.56. The company had a trading volume of 2,990,585 shares, compared to its average volume of 1,641,585. The company has a quick ratio of 7.60, a current ratio of 7.60 and a debt-to-equity ratio of 0.16. CareTrust REIT has a 52 week low of $22.30 and a 52 week high of $33.15. The stock has a market capitalization of $4.38 billion, a price-to-earnings ratio of 35.51, a price-to-earnings-growth ratio of 1.24 and a beta of 1.09. The stock’s 50-day moving average is $27.22 and its two-hundred day moving average is $28.95.

CareTrust REIT (NASDAQ:CTRE) last announced its quarterly earnings data on Wednesday, February 12th. The real estate investment trust reported $0.29 earnings per share for the quarter, missing analysts’ consensus estimates of $0.41 by ($0.12). CareTrust REIT had a net margin of 36.88% and a return on equity of 5.32%. As a group, analysts predict that CareTrust REIT will post 1.5 EPS for the current fiscal year.

CareTrust REIT Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Wednesday, January 15th. Stockholders of record on Tuesday, December 31st were issued a $0.29 dividend. This represents a $1.16 annualized dividend and a dividend yield of 4.54%. The ex-dividend date was Tuesday, December 31st. CareTrust REIT’s dividend payout ratio is 161.11%.

About CareTrust REIT

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.