CareTrust REIT Inc’s (CTRE) Stock: A 61.03% Annual Performance Rate

In the past week, CTRE stock has gone up by 2.58%, with a monthly gain of 6.57% and a quarterly surge of 10.40%. The volatility ratio for the week is 1.32%, and the volatility levels for the last 30 days are 1.86% for CareTrust REIT Inc The simple moving average for the past 20 days is 2.72% for CTRE’s stock, with a 14.34% simple moving average for the past 200 days.

Is It Worth Investing in CareTrust REIT Inc (NYSE: CTRE) Right Now?

CareTrust REIT Inc (NYSE: CTRE) has a price-to-earnings ratio that is above its average at 50.26x. The stock has a 36-month beta value of 1.07. Opinions on the stock are mixed, with 2 analysts rating it as a “buy,” 1 as “overweight,” 6 as “hold,” and 0 as “sell.”

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The public float for CTRE is 141.27M, and at present, short sellers hold a 2.82% of that float. On May 23, 2024, the average trading volume of CTRE was 1.27M shares.

CTRE) stock’s latest price update

The stock price of CareTrust REIT Inc (NYSE: CTRE) has dropped by -0.55 compared to previous close of 25.61. Despite this, the company has seen a gain of 2.58% in its stock price over the last five trading days. seekingalpha.com reported 2024-05-05 that U.S. equity markets advanced for a second week while benchmark interest rates retreated from five-month highs after a critical slate of employment data showed a long-awaited cooldown in hiring trends. Foreshadowed by “dovish” remarks from Fed Chair Powell at the FOMC’s policy meeting, payrolls data showed that job growth slowed to six-month lows while wage growth cooled to three-year lows. Following its best week since November, the S&P 500 advanced 0.6%, while bonds caught a bid this week across the yield and maturity curve.

Analysts’ Opinion of CTRE

Many brokerage firms have already submitted their reports for CTRE stocks, with Deutsche Bank repeating the rating for CTRE by listing it as a “Hold.” The predicted price for CTRE in the upcoming period, according to Deutsche Bank is $23 based on the research report published on January 30, 2024 of the current year 2024.

Jefferies, on the other hand, stated in their research note that they expect to see CTRE reach a price target of $23. The rating they have provided for CTRE stocks is “Buy” according to the report published on September 20th, 2023.

RBC Capital Mkts gave a rating of “Outperform” to CTRE, setting the target price at $23 in the report published on September 12th of the previous year.

CTRE Trading at 4.91% from the 50-Day Moving Average

After a stumble in the market that brought CTRE to its low price for the period of the last 52 weeks, the company was unable to rebound, for now settling with -3.63% of loss for the given period.

Volatility was left at 1.86%, however, over the last 30 days, the volatility rate increased by 1.32%, as shares surge +6.97% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +7.88% upper at present.

During the last 5 trading sessions, CTRE rose by +2.58%, which changed the moving average for the period of 200-days by +22.22% in comparison to the 20-day moving average, which settled at $24.88. In addition, CareTrust REIT Inc saw 13.81% in overturn over a single year, with a tendency to cut further gains.

Stock Fundamentals for CTRE

Current profitability levels for the company are sitting at:

  • 0.74 for the present operating margin
  • 0.89 for the gross margin

The net margin for CareTrust REIT Inc stands at 0.29. The total capital return value is set at 0.07. Equity return is now at value 5.00, with 3.17 for asset returns.

Based on CareTrust REIT Inc (CTRE), the company’s capital structure generated 0.26 points at debt to capital in total, while cash flow to debt ratio is standing at 0.28. The debt to equity ratio resting at 0.36. The interest coverage ratio of the stock is 4.07.

Currently, EBITDA for the company is 186.37 million with net debt to EBITDA at 0.74. When we switch over and look at the enterprise to sales, we see a ratio of 17.46. The receivables turnover for the company is 536.08for trailing twelve months and the total asset turnover is 0.09.

Conclusion

To sum up, CareTrust REIT Inc (CTRE) has seen a better performance recently. Analysts have differing views on the stock, with some seeing it as a “buy” and others as a “hold”. It is worth mentioning that the stock is currently trading in close proximity to its 50-day moving average and its 52-week high.

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