The stock price of CareTrust REIT Inc (NYSE: CTRE) has jumped by 0.77 compared to previous close of 29.92. Despite this, the company has seen a gain of 2.20% in its stock price over the last five trading days. seekingalpha.com reported 2024-09-10 that CareTrust REIT has shown strong fundamentals with high rent collection, a 9.9% yield on new investments, and a robust balance sheet with low leverage. The company is well-positioned for growth, benefiting from favorable Medicare rate increases and acquisition opportunities in the skilled nursing sector. Despite these strengths, CTRE’s current P/FFO of 20.2 suggests a ‘Hold’ rating, making it less attractive for value investors at its current price.
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 51.45x. 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 153.37M, and at present, short sellers hold a 1.86% of that float. On September 11, 2024, the average trading volume of CTRE was 1.50M shares.
CTRE’s Market Performance
CTRE stock saw an increase of 2.20% in the past week, with a monthly gain of 8.34% and a quarterly increase of 18.56%. The volatility ratio for the week is 1.55%, and the volatility levels for the last 30 days are 1.49% for CareTrust REIT Inc (CTRE). The simple moving average for the last 20 days is 3.96% for CTRE’s stock, with a simple moving average of 23.01% for the last 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 9.57% 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 -0.61% of loss for the given period.
Volatility was left at 1.49%, however, over the last 30 days, the volatility rate increased by 1.55%, as shares surge +8.38% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +20.12% upper at present.
During the last 5 trading sessions, CTRE rose by +2.20%, which changed the moving average for the period of 200-days by +32.06% in comparison to the 20-day moving average, which settled at $29.12. In addition, CareTrust REIT Inc saw 34.72% 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 sale 35,000 shares at the price of $29.80 back on Sep 04 ’24. After this action, Wagner William M now owns 257,439 shares of CareTrust REIT Inc, valued at $1,043,000 using the latest closing price.
Wagner William M, the Officer of CareTrust REIT Inc, proposed sale 35,000 shares at $29.84 during a trade that took place back on Sep 04 ’24, which means that Wagner William M is holding shares at $1,044,400 based on the most recent 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 20.39. 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.
