CareTrust REIT (NYSE:CTRE) Releases Quarterly Earnings Results

CareTrust REIT (NYSE:CTRE) released its quarterly earnings results on Wednesday. The company reported $0.35 EPS for the quarter, FiscalAI reports. The business had revenue of $132.44 million for the quarter. CareTrust REIT had a net margin of 61.00% and a return on equity of 8.57%.

CareTrust REIT Stock Up 2.7%

Shares of NYSE:CTRE traded up $0.96 during trading on Friday, hitting $36.52. 735,673 shares of the company were exchanged, compared to its average volume of 1,959,653. The firm has a market cap of $7.97 billion, a P/E ratio of 27.25, a P/E/G ratio of 1.38 and a beta of 0.81. CareTrust REIT has a 1-year low of $24.79 and a 1-year high of $36.55. The company has a quick ratio of 2.83, a current ratio of 2.83 and a debt-to-equity ratio of 0.35. The stock has a 50 day simple moving average of $34.46.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently weighed in on the stock. Cantor Fitzgerald upgraded shares of CareTrust REIT to a “hold” rating in a research report on Wednesday, October 1st. Weiss Ratings reiterated a “buy (b)” rating on shares of CareTrust REIT in a research report on Wednesday, October 8th. One analyst has rated the stock with a Buy rating and one has issued a Hold rating to the stock. According to data from MarketBeat.com, CareTrust REIT currently has a consensus rating of “Moderate Buy”.

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.