CareTrust REIT Inc (NYSE: CTRE)’s stock price has decreased by -1.83 compared to its previous closing price of 26.74. However, the company has seen a -1.50% decrease in its stock price over the last five trading sessions. seekingalpha.com reported 2024-06-29 that Economic data suggests a recession may be looming, with signs of weakening in the labor market and consumer spending. Investing based on politics is not recommended, as market reactions to political events can be unpredictable and counterintuitive. The resurgent trade war is expected to have negative impacts on the economy, with potential inflation and job losses.
Is It Worth Investing in CareTrust REIT Inc (NYSE: CTRE) Right Now?
The price-to-earnings ratio for CareTrust REIT Inc (NYSE: CTRE) is above average at 51.80x, Company’s 36-month beta value is 1.09.Analysts have differing opinions on the stock, 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 141.31M, and currently, short sellers hold a 2.95% ratio of that floaft. The average trading volume of CTRE on July 26, 2024 was 1.34M shares.
CTRE’s Market Performance
CTRE stock saw an increase of -1.50% in the past week, with a monthly gain of 6.53% and a quarterly increase of 10.25%. The volatility ratio for the week is 1.78%, and the volatility levels for the last 30 days are 1.58% for CareTrust REIT Inc (CTRE). The simple moving average for the past 20 days is 0.86% for CTRE’s stock, with a 11.81% simple moving average for the past 200 days.
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 2.59% 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 -3.92% of loss for the given period.
Volatility was left at 1.58%, however, over the last 30 days, the volatility rate increased by 1.78%, as shares surge +6.53% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +5.89% upper at present.
During the last 5 trading sessions, CTRE fell by -1.50%, which changed the moving average for the period of 200-days by +26.87% in comparison to the 20-day moving average, which settled at $26.11. In addition, CareTrust REIT Inc saw 17.29% 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 17.98. The receivables turnover for the company is 536.08for trailing twelve months and the total asset turnover is 0.09.
Conclusion
In a nutshell, CareTrust REIT Inc (CTRE) has experienced a better performance in recent times. The stock has received mixed “buy” and “hold” ratings from analysts. It is worth mentioning that the stock is currently trading in close proximity to its 50-day moving average and its 52-week high.
