CareTrust REIT Inc (NYSE: CTRE) is -2.33% lower on its value in year-to-date trading and has touched a low of $22.23 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 $26.52 in the last trading session, with the day’s loss setting it -0.1%.
Currently trading at $26.42, the stock is -0.50% and -2.89% below its SMA20 and SMA50 respectively. However, with a daily trading volume of 1.79 million and changing -0.38% at the moment leaves the stock -5.10% off its SMA200. CTRE registered 18.17% gain for a year compared to 6-month loss of -5.38%. The firm has a 50-day simple moving average (SMA 50) of $27.2052 and a 200-day simple moving average (SMA200) of $27.8903.
The stock witnessed a -1.56% gain in the last 1 month and extending the period to 3 months gives it a -14.14%, and is 0.38% 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 2.80% over the week and 2.51% over the month.
CareTrust REIT Inc (CTRE) has around 21 employees, a market worth around $4.96B and $296.31M in sales. Current P/E ratio is 33.75 and Fwd P/E is 18.13. Profit margin for the company is 42.06%. Distance from 52-week low is 18.82% and -20.30% from its 52-week high. The company has generated returns on investments over the last 12 months (3.77%).
with sales reaching $79.1M over the same period.The EPS is expected to grow by 68.75% this year, but quarterly earnings will post 13.99% year-over-year. Quarterly sales are estimated to grow 25.41% in year-over-year returns.
CareTrust REIT Inc (CTRE) Top Institutional Holders
528.0 institutions hold shares in CareTrust REIT Inc (CTRE), with institutional investors hold 100.55% of the company’s shares. The shares outstanding are 186.99M, and float is at 186.46M with Short Float at 2.87%. Institutions hold 98.98% 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.
