Caretrust REIT (NASDAQ:CTRE) released its earnings results on Thursday. The real estate investment trust reported ($0.11) earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.34 by ($0.45), Fidelity Earnings reports. The business had revenue of $33.31 million during the quarter, compared to analysts’ expectations of $43.64 million. Caretrust REIT had a net margin of 39.70% and a return on equity of 8.08%. Caretrust REIT’s revenue for the quarter was down 15.7% on a year-over-year basis. During the same quarter in the previous year, the company earned $0.32 EPS. Caretrust REIT updated its FY20 guidance to $1.36 to $1.38 EPS.
Shares of NASDAQ:CTRE traded down $0.96 during midday trading on Friday, hitting $20.51. 3,289,200 shares of the stock were exchanged, compared to its average volume of 886,366. The company has a market capitalization of $2.16 billion, a PE ratio of 16.02 and a beta of 0.66. The company has a debt-to-equity ratio of 0.56, a quick ratio of 0.97 and a current ratio of 0.97. Caretrust REIT has a 52-week low of $17.71 and a 52-week high of $25.54. The business’s fifty day simple moving average is $23.52 and its two-hundred day simple moving average is $23.84.
The company also recently disclosed a — dividend, which was paid on Tuesday, October 15th. Investors of record on Monday, September 30th were issued a dividend of $0.225 per share. The ex-dividend date of this dividend was Friday, September 27th. This represents a dividend yield of 3.9%. Caretrust REIT’s dividend payout ratio is 70.31%.
Caretrust REIT Company Profile
CareTrust REIT, Inc is a self-administered, publicly-traded real estate investment trust engaged in the ownership, acquisition and leasing of seniors housing and healthcare-related properties. With 199 net-leased healthcare properties and three operated seniors housing properties in 27 states, CareTrust is pursuing opportunities across the nation to acquire properties that will be leased to a diverse group of local, regional and national seniors housing operators, healthcare services providers, and other healthcare-related businesses.
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