CareTrust REIT Inc (NYSE: CTRE) is -2.03% lower on its value in year-to-date trading and has touched a low of $20.10 and a high of $33.15 in the current 52-week trading range. The question becomes, what are the chances the stock will make a comeback and enjoy potential growth. Why not look at analysts view on what the future holds for the stock. The CTRE stock was last observed hovering at around $26.50 in the last trading session, with the day’s loss setting it 0.0%.
Currently trading at $26.50, the stock is -0.79% and -5.31% below its SMA20 and SMA50 respectively. However, with a daily trading volume of 1.14 million and changing 0.00% at the moment leaves the stock -4.57% off its SMA200. CTRE registered 24.59% gain for a year compared to 6-month loss of -1.71%. The firm has a 50-day simple moving average (SMA 50) of $27.986 and a 200-day simple moving average (SMA200) of $27.7689.
The stock witnessed a -1.12% gain in the last 1 month and extending the period to 3 months gives it a -16.98%, and is -1.52% down 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 2.97% over the week and 2.29% over the month.
CareTrust REIT Inc (CTRE) has around 17 employees, a market worth around $4.96B and $269.08M in sales. Current P/E ratio is 37.21 and Fwd P/E is 19.40. Profit margin for the company is 36.73%. Distance from 52-week low is 31.84% and -20.06% from its 52-week high. The company has generated returns on investments over the last 12 months (3.51%).
The EPS is expected to grow by 64.40% this year.
CareTrust REIT Inc (CTRE) Top Institutional Holders
502.0 institutions hold shares in CareTrust REIT Inc (CTRE), with institutional investors hold 91.92% of the company’s shares. The shares outstanding are 187.32M, and float is at 186.20M with Short Float at 3.23%. Institutions hold 91.46% of the Float.
The top institutional shareholder in the company is BLACKROCK INC. with over 26.94 million shares valued at $676.22 million. The investor’s holdings represent 18.5935% of the CTRE Shares outstanding. As of 2024-06-30, the second largest holder is VANGUARD GROUP INC with 21.88 million shares valued at $549.09 million to account for 15.0978 of the shares outstanding. The other top investors are WELLINGTON MANAGEMENT GROUP LLP which holds 12.13 million shares representing 8.37% and valued at over $304.41 million, while STATE STREET CORP holds 5.385 of the shares totaling 7.8 million with a market value of $198.03 million.
CareTrust REIT Inc (CTRE) Insider Activity
The most recent transaction is an insider sale by Wagner William M, the company’s CFO and Treasurer. SEC filings show that Wagner William M sold 35,000 shares of the company’s common stock on Sep 04 ’24 at a price of $29.80 per share for a total of $1.04 million. Following the sale, the insider now owns 0.26 million shares.
