In the past week, CTRE stock has gone up by 2.43%, with a monthly gain of 6.24% and a quarterly surge of 12.77%. The volatility ratio for the week is 1.52%, and the volatility levels for the last 30 days are 2.22% for CareTrust REIT Inc The simple moving average for the past 20 days is 4.73% for CTRE’s stock, with a 19.18% 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 48.82x. The stock has a 36-month beta value of 1.11. 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 153.14M, and at present, short sellers hold a 2.31% of that float. On August 21, 2024, the average trading volume of CTRE was 1.52M shares.
CTRE) stock’s latest price update
The stock of CareTrust REIT Inc (NYSE: CTRE) has increased by 1.56 when compared to last closing price of 28.17. Despite this, the company has experienced a 2.43% gain in its stock price over the last five trading sessions. zacks.com reported 2024-08-12 that Does CareTrust REIT (CTRE) have what it takes to be a top stock pick for momentum investors? Let’s find out.
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 8.79% 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 able to rebound, for now settling with 1.06% of gains for the given period.
Volatility was left at 2.22%, however, over the last 30 days, the volatility rate increased by 1.52%, as shares surge +5.61% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +10.76% upper at present.
During the last 5 trading sessions, CTRE rose by +2.43%, which changed the moving average for the period of 200-days by +30.10% in comparison to the 20-day moving average, which settled at $27.39. In addition, CareTrust REIT Inc saw 27.84% 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:
- 0.77 for the present operating margin
- 0.84 for the gross margin
The net margin for CareTrust REIT Inc stands at 0.31. The total capital return value is set at 0.07. Equity return is now at value 5.37, with 3.34 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 0.35. The interest coverage ratio of the stock is 4.91.
Currently, EBITDA for the company is 186.37 million with net debt to EBITDA at 0.83. When we switch over and look at the enterprise to sales, we see a ratio of 19.39. The receivables turnover for the company is 215.92for 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.
