Caretrust REIT Inc (NASDAQ:CTRE) declared a quarterly dividend on Tuesday, December 19th, Wall Street Journal reports. Shareholders of record on Friday, December 29th will be given a dividend of 0.185 per share by the real estate investment trust on Tuesday, January 16th. This represents a $0.74 annualized dividend and a yield of 4.72%. The ex-dividend date is Thursday, December 28th.
Shares of Caretrust REIT (CTRE) traded down $0.18 during trading hours on Thursday, reaching $15.69. The company’s stock had a trading volume of 638,000 shares, compared to its average volume of 645,046. The firm has a market cap of $1,190.00, a price-to-earnings ratio of 34.11, a price-to-earnings-growth ratio of 2.50 and a beta of 0.67. The company has a current ratio of 1.60, a quick ratio of 1.60 and a debt-to-equity ratio of 0.81. Caretrust REIT has a 12-month low of $14.71 and a 12-month high of $19.86.
Caretrust REIT (NASDAQ:CTRE) last issued its quarterly earnings data on Wednesday, November 8th. The real estate investment trust reported $0.28 earnings per share for the quarter, missing analysts’ consensus estimates of $0.29 by ($0.01). The business had revenue of $32.90 million for the quarter, compared to analyst estimates of $32.91 million. Caretrust REIT had a net margin of 25.68% and a return on equity of 5.76%. Caretrust REIT’s revenue for the quarter was up 21.4% compared to the same quarter last year. During the same quarter last year, the business earned $0.28 EPS. equities analysts predict that Caretrust REIT will post 1.16 earnings per share for the current year.
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About Caretrust REIT
CareTrust REIT, Inc is a self-administered, self-managed real estate investment trust. The Company is engaged in the ownership, acquisition and leasing of healthcare-related properties. It makes investments in healthcare-related real estate assets. As of December 31, 2016, its real estate portfolio included 154 skilled nursing facilities (SNFs), SNF Campuses, assisted living facilities and independent living facilities.
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