CareTrust REIT Inc (NYSE: CTRE) is -0.15% lower on its value in year-to-date trading and has touched a low of $23.13 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 $26.07 in the last trading session, with the day’s gains setting it 0.94%.
Currently trading at $27.01, the stock is 4.02% and 2.40% above its SMA20 and SMA50 respectively. However, with a daily trading volume of 2.52 million and changing 3.61% at the moment leaves the stock -3.30% off its SMA200. CTRE registered 17.07% gain for a year compared to 6-month loss of -9.51%.
The stock witnessed a 3.45% gain in the last 1 month and extending the period to 3 months gives it a -7.94%, and is 1.77% 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 3.40% over the week and 2.82% over the month.
CareTrust REIT Inc (CTRE) has around 21 employees, a market worth around $5.07B and $296.31M in sales. Current P/E ratio is 34.51 and Fwd P/E is 17.43. Profit margin for the company is 42.06%. Distance from 52-week low is 16.77% and -18.52% from its 52-week high. The company has generated returns on investments over the last 12 months (3.77%).
with sales reaching $83.57M over the same period.The EPS is expected to grow by 75.62% this year, but quarterly earnings will post 16.12% year-over-year. Quarterly sales are estimated to grow 32.50% in year-over-year returns.
The shares outstanding are 186.99M, and float is at 186.50M with Short Float at 3.19%.
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.
