CareTrust REIT Inc (CTRE) Looks Ready for Growth Despite 0.54% Change This Year

CareTrust REIT Inc (NYSE: CTRE) is 0.54% higher on its value in year-to-date trading and has touched a low of $17.66 and a high of $23.49 in the current 52-week trading range. The question becomes, what are the chances the stock will continue to grow shareholders’ wealth in the market. Here’s what analysts think will happen to its price in the coming time. The CTRE stock was last observed hovering at around $21.00 in the last trading session, with the day’s gains setting it 1.5%.

Currently trading at $22.50, the stock is 5.15% and 1.87% above its SMA20 and SMA50 respectively. However, with a daily trading volume of 2.79 million and changing 7.14% at the moment leaves the stock 8.27% off its SMA200. CTRE registered 13.55% gain for a year compared to 6-month gain of 11.96%. The firm has a 50-day simple moving average (SMA 50) of $16.30 and a 200-day simple moving average (SMA200) of $22.20.

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The stock witnessed a 2.18% loss in the last 1 month and extending the period to 3 months gives it a 4.85%, and is 10.24% up over the last 5 days. If we measure the stock’s price variations over the week and the month, we find that the volatility rates stand at 3.33% over the week and 2.22% over the month.

CareTrust REIT Inc (CTRE) has around Dec 28 2023 employees, a market worth around $2.68B and $217.77M in sales. Current P/E ratio is 46.40 and Fwd P/E is 20.98. Profit margin for the company is 24.49%. Distance from 52-week low is 27.40% and -4.21% from its 52-week high. The company has generated returns on investments over the last 12 months (2.65%).

CareTrust REIT Inc quarterly earnings per share for the current quarter are estimated at $0.25 with sales reaching $54.84M over the same period.The EPS is expected to grow by 101.12% this year, but quarterly earnings will post 4.50% year-over-year. Quarterly sales are estimated to grow 18.80% in year-over-year returns.

CareTrust REIT Inc (CTRE) Top Institutional Holders

414 institutions hold shares in CareTrust REIT Inc (CTRE), with institutional investors hold 87.08% of the company’s shares. The shares outstanding are 129.99M, and float is at 117.43M with Short Float at 1.82%. Institutions hold 85.82% of the Float.

The top institutional shareholder in the company is Blackrock Inc. with over 17.98 million shares valued at $357.03 million. The investor’s holdings represent 18.07% of the CTRE Shares outstanding. As of Jun 29, 2023, the second largest holder is Vanguard Group Inc with 16.2 million shares valued at $321.66 million to account for 16.28% of the shares outstanding. The other top investors are Wellington Management Group, LLP which holds 6.67 million shares representing 6.70% and valued at over $132.44 million, while State Street Corporation holds 6.23% of the shares totaling 6.2 million with a market value of $123.09 million.

CareTrust REIT Inc (CTRE) Insider Activity

A total of 0 insider transactions have happened at CareTrust REIT Inc (CTRE) in the last six months, with sales accounting for 0 and purchases happening 0 times.

CareTrust REIT Inc (CTRE): Who are the competitors?

The company’s main competitors (and peers) include Welltower Inc. (WELL) that is trading 15.51% up over the past 12 months. Extra Space Storage Inc. (EXR) that is -12.00% lower over the same period.