The stock of CareTrust REIT Inc (NYSE: CTRE) has decreased by -0.96 when compared to last closing price of 27.06.Despite this, the company has seen a loss of -2.05% in its stock price over the last five trading days. seekingalpha.com reported 2024-12-28 that I visualize my portfolio as a galley ship with rowers (steady compounders) and sails (high-yielding securities) for balanced growth and income. In 2025, my goal is to refocus on rowers to enhance dividend growth, using Schwab US Dividend Equity ETF (SCHD) as a primary vehicle. I’ve sold high-risk stocks and reinvested in higher-yielding, safer options, but my portfolio is now too weighted towards immediate income.
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 37.64x, Company’s 36-month beta value is 1.10.Analysts have differing opinions on the stock, with 6 analysts rating it as a “buy,” 2 as “overweight,” 3 as “hold,” and 0 as “sell.”
The public float for CTRE is 186.41M, and currently, short sellers hold a 2.36% ratio of that floaft. The average trading volume of CTRE on December 31, 2024 was 2.26M shares.
CTRE’s Market Performance
The stock of CareTrust REIT Inc (CTRE) has seen a -2.05% decrease in the past week, with a -10.40% drop in the past month, and a -13.16% fall in the past quarter. The volatility ratio for the week is 1.63%, and the volatility levels for the past 30 days are at 2.12% for CTRE. The simple moving average for the last 20 days is -5.17% for CTRE’s stock, with a simple moving average of -2.51% for the last 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 -9.98% 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 -19.16% of loss for the given period.
Volatility was left at 2.12%, however, over the last 30 days, the volatility rate increased by 1.63%, as shares sank -10.04% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading -12.59% lower at present.
During the last 5 trading sessions, CTRE fell by -2.05%, which changed the moving average for the period of 200-days by +13.66% in comparison to the 20-day moving average, which settled at $28.26. In addition, CareTrust REIT Inc saw 19.75% 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 19.18. The receivables turnover for the company is 298.31for trailing twelve months and the total asset turnover is 0.09.
Conclusion
In a nutshell, CareTrust REIT Inc (CTRE) has experienced a mixed performance in recent times. The stock has received mixed “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.
