CareTrust REIT Inc (NYSE: CTRE) is -3.48% lower on its value in year-to-date trading and has touched a low of $20.40 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 $26.32 in the last trading session, with the day’s loss setting it -0.21%.
Currently trading at $26.11, the stock is -2.18% and -5.05% below its SMA20 and SMA50 respectively. However, with a daily trading volume of 2.16 million and changing -0.80% at the moment leaves the stock -6.08% off its SMA200. CTRE registered 27.59% gain for a year compared to 6-month loss of -4.06%. The firm has a 50-day simple moving average (SMA 50) of $27.576 and a 200-day simple moving average (SMA200) of $27.8416.
The stock witnessed a -3.01% gain in the last 1 month and extending the period to 3 months gives it a -11.46%, and is -2.39% 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 2.03% over the week and 2.36% over the month.
CareTrust REIT Inc (CTRE) has around 17 employees, a market worth around $4.89B and $269.08M in sales. Current P/E ratio is 36.67 and Fwd P/E is 19.03. Profit margin for the company is 36.73%. Distance from 52-week low is 28.02% and -21.24% from its 52-week high. The company has generated returns on investments over the last 12 months (3.51%).
with sales reaching $77.25M over the same period.The EPS is expected to grow by 64.40% this year, but quarterly earnings will post 24.76% year-over-year. Quarterly sales are estimated to grow 29.32% in year-over-year returns.
CareTrust REIT Inc (CTRE) Top Institutional Holders
The shares outstanding are 187.32M, and float is at 184.35M with Short Float at 3.26%.
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.
