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

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

CareTrust REIT Stock Performance

Shares of CareTrust REIT stock traded down $0.19 during trading on Wednesday, reaching $25.56. The company’s stock had a trading volume of 2,990,585 shares, compared to its average volume of 1,641,579. The company has a debt-to-equity ratio of 0.16, a quick ratio of 7.60 and a current ratio of 7.60. The business’s fifty day moving average price is $27.22 and its 200-day moving average price is $28.95. The firm has a market cap 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. CareTrust REIT has a one year low of $22.30 and a one year high of $33.15.

CareTrust REIT Dividend Announcement

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

Wall Street Analyst Weigh In

CTRE has been the topic of a number of recent analyst reports. Wedbush lowered CareTrust REIT from a “neutral” rating to an “underperform” rating and dropped their price objective for the stock from $34.00 to $26.00 in a research note on Thursday, January 2nd. BMO Capital Markets downgraded CareTrust REIT from an “outperform” rating to a “market perform” rating and decreased their target price for the stock from $34.00 to $32.00 in a research report on Monday, December 9th. One analyst has rated the stock with a sell rating, two have given a hold rating and three have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Hold” and an average target price of $30.67.

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.