Caretrust REIT (NASDAQ:CTRE) issued an update on its FY20 earnings guidance on Thursday morning. The company provided EPS guidance of $1.32 to $1.34 for the period, compared to the Thomson Reuters consensus EPS estimate of $1.40. Caretrust REIT also updated its FY 2020
After-Hours guidance to 1.32-1.34 EPS.
Shares of NASDAQ:CTRE traded up $0.42 during midday trading on Thursday, hitting $23.18. 673,291 shares of the stock were exchanged, compared to its average volume of 1,044,420. The stock has a market cap of $2.20 billion, a P/E ratio of 50.39 and a beta of 0.65. The company has a current ratio of 0.48, a quick ratio of 0.48 and a debt-to-equity ratio of 0.60. Caretrust REIT has a twelve month low of $18.77 and a twelve month high of $25.54. The company has a 50 day moving average price of $21.82 and a 200-day moving average price of $22.28.
CTRE has been the subject of several research reports. BMO Capital Markets downgraded Caretrust REIT from an outperform rating to a market perform rating and cut their price target for the stock from $26.00 to $22.00 in a research note on Tuesday, January 7th. BidaskClub raised shares of Caretrust REIT from a hold rating to a buy rating in a research note on Tuesday, February 4th. Zacks Investment Research downgraded shares of Caretrust REIT from a hold rating to a sell rating in a research note on Friday, January 3rd. Finally, Mizuho assumed coverage on shares of Caretrust REIT in a research note on Thursday, December 19th. They issued an underperform rating for the company. Two research analysts have rated the stock with a sell rating, three have given a hold rating and five have given a buy rating to the stock. The company currently has an average rating of Hold and a consensus target price of $25.43.
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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