CareTrust REIT Inc (NYSE: CTRE)’s stock price has decreased by -0.35 compared to its previous closing price of 28.63. However, the company has seen a -1.04% decrease in its stock price over the last five trading sessions. businesswire.com reported 2024-12-16 that SAN CLEMENTE, Calif.–(BUSINESS WIRE)–CareTrust REIT Announces Quarterly Dividend of $0.29 per Share.
Is It Worth Investing in CareTrust REIT Inc (NYSE: CTRE) Right Now?
The price-to-earnings ratio for CareTrust REIT Inc (NYSE: CTRE) is 40.06x, which is above its average ratio. Moreover, the 36-month beta value for CTRE is 1.10. Analysts have varying opinions on the stock, with 6 analysts rating it as a “buy,” 2 as “overweight,” 3 as “hold,” and 0 as “sell.”
3 Tiny Stocks Primed to Explode
The world's greatest investor — Warren Buffett — has a simple formula for making big money in the markets. He buys up valuable assets when they are very cheap. For stock market investors that means buying up cheap small cap stocks like these with huge upside potential.
We've set up an alert service to help smart investors take full advantage of the small cap stocks primed for big returns.
Click here for full details and to join for free
Sponsored
The public float for CTRE is 186.58M and currently, short sellers hold a 1.88% of that float. On December 18, 2024, CTRE’s average trading volume was 2.10M shares.
CTRE’s Market Performance
CTRE’s stock has seen a -1.04% decrease for the week, with a -5.93% drop in the past month and a -7.79% fall in the past quarter. The volatility ratio for the week is 1.54%, and the volatility levels for the past 30 days are at 1.87% for CareTrust REIT Inc The simple moving average for the past 20 days is -3.27% for CTRE’s stock, with a 4.36% simple moving average for the past 200 days.
Analysts’ Opinion of CTRE
Many brokerage firms have already submitted their reports for CTRE stocks, with BMO Capital Markets repeating the rating for CTRE by listing it as a “Market Perform.” The predicted price for CTRE in the upcoming period, according to BMO Capital Markets is $32 based on the research report published on December 09, 2024 of the current year 2024.
Wells Fargo, on the other hand, stated in their research note that they expect to see CTRE reach a price target of $34, previously predicting the price at $28. The rating they have provided for CTRE stocks is “Overweight” according to the report published on October 01st, 2024.
Wedbush gave a rating of “Neutral” to CTRE, setting the target price at $26 in the report published on May 29th of the current year.
CTRE Trading at -5.77% 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 -13.94% of loss for the given period.
Volatility was left at 1.87%, however, over the last 30 days, the volatility rate increased by 1.54%, as shares sank -5.75% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading -6.43% lower at present.
During the last 5 trading sessions, CTRE fell by -1.04%, which changed the moving average for the period of 200-days by +21.46% in comparison to the 20-day moving average, which settled at $29.49. In addition, CareTrust REIT Inc saw 27.48% 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:
- 0.75 for the present operating margin
- 0.84 for the gross margin
The net margin for CareTrust REIT Inc stands at 0.38. The total capital return value is set at 0.07. Equity return is now at value 5.60, with 4.22 for asset returns.
Based on CareTrust REIT Inc (CTRE), the company’s capital structure generated 0.14 points at debt to capital in total, while cash flow to debt ratio is standing at 0.53. The debt to equity ratio resting at 0.16. The interest coverage ratio of the stock is 5.88.
Currently, EBITDA for the company is 145.8 million with net debt to EBITDA at 0.09. When we switch over and look at the enterprise to sales, we see a ratio of 20.41. The receivables turnover for the company is 298.31for trailing twelve months and the total asset turnover is 0.09.
Conclusion
To wrap up, the performance of CareTrust REIT Inc (CTRE) has been mixed in recent times. The stock has received a bullish of “buy” and “hold” ratings from analysts. It’s important to note that the stock is currently trading at a significant distance from its 50-day moving average and its 52-week high.
