The stock of CareTrust REIT Inc (CTRE) has seen a 1.15% increase in the past week, with a 10.97% gain in the past month, and a 13.99% flourish in the past quarter. The volatility ratio for the week is 1.62%, and the volatility levels for the past 30 days are at 1.70% for CTRE. The simple moving average for the last 20 days is 4.57% for CTRE stock, with a simple moving average of 22.40% for the last 200 days.
Is It Worth Investing in CareTrust REIT Inc (NYSE: CTRE) Right Now?
The price-to-earnings ratio for CareTrust REIT Inc (NYSE: CTRE) is 50.90x, which is above its average ratio. Moreover, the 36-month beta value for CTRE is 1.11. Analysts have varying 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 153.36M and currently, short sellers hold a 1.86% of that float. On September 05, 2024, CTRE’s average trading volume was 1.50M shares.
CTRE) stock’s latest price update
CareTrust REIT Inc (NYSE: CTRE)’s stock price has increased by 1.12 compared to its previous closing price of 29.50. However, the company has seen a 1.15% increase in its stock price over the last five trading sessions. seekingalpha.com reported 2024-09-03 that Agree Realty and CareTrust REIT share prices have rallied since July due to cooling inflation. Additionally, both offer long-term upside due to high-quality business models and strong fundamentals. Agree Realty benefits from investment-grade tenants, a strong balance sheet, and a superior cost of capital, making them less susceptible to economic downturns. CareTrust REIT excels with a low net debt to EBITDA, a strong acquisition pipeline, and a well-covered dividend, positioning them for future growth.
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 10.02% 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 -0.65% of loss for the given period.
Volatility was left at 1.70%, however, over the last 30 days, the volatility rate increased by 1.62%, as shares surge +8.87% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +19.13% upper at present.
During the last 5 trading sessions, CTRE rose by +1.15%, which changed the moving average for the period of 200-days by +30.66% in comparison to the 20-day moving average, which settled at $28.65. In addition, CareTrust REIT Inc saw 33.29% in overturn over a single year, with a tendency to cut further gains.
Insider Trading
Reports are indicating that there were more than several insider trading activities at CTRE starting from Wagner William M, who proposed sale 35,000 shares at the price of $29.84 back on Sep 04 ’24. After this action, Wagner William M now owns shares of CareTrust REIT Inc, valued at $1,044,400 using the latest closing price.
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 20.18. The receivables turnover for the company is 215.92for trailing twelve months and the total asset turnover is 0.09.
Conclusion
To wrap up, the performance of CareTrust REIT Inc (CTRE) has been better in recent times. The stock has received a mixed of “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.
