Caretrust REIT Inc (CTRE) reported quarterly earnings results on Wednesday, May-11-2016. The company said it had a profit of $0.27 Earnings per Share for the quarter. The results exceeded Wall Street expectations beating the analyst consensus estimate by $0.01. Analysts had a consensus of $0.26. The company posted revenue of $23.67 million in the period, compared to analysts expectations of $22.38 million. The company’s revenue was up 39.6% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.27 EPS.
Caretrust REIT Inc closed down -0.11 points or -0.81% at $13.49 with 4,14,721 shares getting traded on Tuesday. Post opening the session at $13.57, the shares hit an intraday low of $13.29 and an intraday high of $13.57 and the price fluctuated in this range throughout the day.Shares ended Tuesday session in Red.
In a different news, on Nov 16, 2015, Gary B Sabin (director) purchased 20,000 shares at $10.25 per share price. According to the SEC, on Aug 17, 2015, William M Wagner (CFO) purchased 35,000 shares at $10.50 per share price. On Aug 17, 2015, Gregory K. Stapley (CEO) purchased 50,000 shares at $10.50 per share price, according to the Form-4 filing with the securities and exchange commission.
CareTrust REIT Inc. (CareTrust) is a self-administered self-managed real estate investment trust (REIT). The Company is engaged in the ownership acquisition and leasing of healthcare-related properties. The Company operates through an umbrella partnership in which all of the Company’s properties and assets are held through CTR Partnership L.P. (the Operating Partnership). The Operating Partnership is managed by CareTrust’s wholly owned subsidiary CareTrust GP LLC which is the sole general partner of the Operating Partnership. The Company’s portfolio consists of Skilled Nursing Facilities (SNF) Assisted Living Facilities (ALF) and Independent Living Facilities (ILF). The Company’s portfolio of SNFs ALFs and ILFs are diversified by geographic location throughout the western United States with concentrations in Texas and California.