CareTrust REIT Inc (NYSE: CTRE) is -1.89% lower on its value in year-to-date trading and has touched a low of $22.90 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 $26.34 in the last trading session, with the day’s gains setting it 0.2%.
Currently trading at $26.54, the stock is 2.00% and 0.13% above its SMA20 and SMA50 respectively. However, with a daily trading volume of 1.42 million and changing 0.76% at the moment leaves the stock -4.91% off its SMA200. CTRE registered 17.40% gain for a year compared to 6-month loss of -10.96%.
The stock witnessed a -0.79% gain in the last 1 month and extending the period to 3 months gives it a -10.91%, and is 2.16% 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 2.40% over the week and 2.49% over the month.
CareTrust REIT Inc (CTRE) has around 21 employees, a market worth around $4.98B and $296.31M in sales. Current P/E ratio is 33.91 and Fwd P/E is 17.29. Profit margin for the company is 42.06%. Distance from 52-week low is 15.88% and -19.94% from its 52-week high. The company has generated returns on investments over the last 12 months (3.77%).
The EPS is expected to grow by 74.69% this year
The shares outstanding are 186.99M, and float is at 186.50M with Short Float at 3.17%.
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
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. 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.
CareTrust REIT Inc (CTRE): Who are the competitors?
One of the company’s main competitors (and peers) include Welltower Inc. (WELL) that is trading 68.19% up over the past 12 months.Extra Space Storage Inc. (EXR) lies in the list of competitors of the CareTrust REIT Inc and is 9.07% higher over the same period from CTREGetty Realty Corp. (GTY) is 14.53% up on the 1-year trading charts.
