In the past week, CTRE stock has gone down by -1.48%, with a monthly decline of -2.92% and a quarterly surge of 1.40%. The volatility ratio for the week is 1.78%, and the volatility levels for the last 30 days are 1.63% for CareTrust REIT Inc. The simple moving average for the past 20 days is -2.86% for CTRE’s stock, with a 7.61% 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 of 48.62x that is above its average ratio. Additionally, the 36-month beta value for CTRE is 1.10. There are mixed opinions on the stock, with 2 analysts rating it as a “buy,” 1 rating it as “overweight,” 6 rating it as “hold,” and 0 rating it as “sell.”
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The public float for CTRE is 141.31M and currently, short sellers hold a 2.16% ratio of that float. The average trading volume of CTRE on June 27, 2024 was 1.23M shares.
CTRE) stock’s latest price update
CareTrust REIT Inc (NYSE: CTRE) has experienced a decline in its stock price by 0.00 compared to its previous closing price of 24.64. However, the company has seen a fall of -1.48% in its stock price over the last five trading days. seekingalpha.com reported 2024-06-23 that U.S. equity markets climbed to fresh record-highs this week while benchmark interest rates hovered near two-month lows as the “bad news is good news” dynamic persisted. Investors responded favorably to another relatively downbeat slate of economic data, including soft retail sales, slowing home construction activity, and a rise in unemployment claims to five-month highs. Despite weakness from chip giant Nvidia, the S&P 500 posted its eighth weekly gain in the past nine weeks, advancing 0.3% and notching another series of record-highs during the week.
Analysts’ Opinion of CTRE
Many brokerage firms have already submitted their reports for CTRE stocks, with Wedbush repeating the rating for CTRE by listing it as a “Neutral.” The predicted price for CTRE in the upcoming period, according to Wedbush is $26 based on the research report published on May 29, 2024 of the current year 2024.
Deutsche Bank, 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 “Hold” according to the report published on January 30th, 2024.
Jefferies gave a rating of “Buy” to CTRE, setting the target price at $23 in the report published on September 20th of the previous year.
CTRE Trading at -1.03% 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 -6.77% of loss for the given period.
Volatility was left at 1.63%, however, over the last 30 days, the volatility rate increased by 1.78%, as shares sank -2.26% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +4.58% upper at present.
During the last 5 trading sessions, CTRE fell by -1.48%, which changed the moving average for the period of 200-days by +22.83% in comparison to the 20-day moving average, which settled at $25.34. In addition, CareTrust REIT Inc saw 10.10% 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 16.91. The receivables turnover for the company is 536.08for trailing twelve months and the total asset turnover is 0.09.
Conclusion
In conclusion, CareTrust REIT Inc (CTRE) has seen mixed performance in recent times. Analysts have a mixed opinion on the stock, with some rating it as a “buy” and others rating it 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.
