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After finishing at $30.21 in the prior trading day, CareTrust REIT Inc (NYSE: CTRE) closed at $29.89, down -1.06%. In other words, the price has decreased by -$1.06 from its previous closing price. On the day, 1.57 million shares were traded. CTRE stock price reached its highest trading level at $30.23 during the session, while it also had its lowest trading level at $29.735.
Ratios:
Our goal is to gain a better understanding of CTRE by taking a closer look at its different ratios. It provided that stocks Price–to–Cash (P/C) ratio for the trailing twelve months (TTM) is standing at 9.31 whereas its Price-to-Free Cash Flow (P/FCF) for the term is 25.10. In the meantime, Its Debt-to-Equity ratio is 0.35 whereas as Long-Term Debt/Eq ratio is at 0.35.
Upgrades & Downgrades
In addition, analysts’ ratings and any changes thereto give investors an idea of the stock’s future direction. In the most recent recommendation for the company, Wells Fargo on October 01, 2024, Upgraded its rating to Overweight and sets its target price to $34 from $28 previously.
On May 29, 2024, Wedbush started tracking the stock assigning a Neutral rating and target price of $26.
On January 30, 2024, Deutsche Bank started tracking the stock assigning a Hold rating and target price of $23.Deutsche Bank initiated its Hold rating on January 30, 2024, with a $23 target price.
Insider Transactions:
The insider trade also gives investors a glimpse into the future direction of stock prices, which can be beneficial to investors. A recent insider transaction in this stock occurred on Sep 04 ’24 when Wagner William M sold 35,000 shares for $29.80 per share. The transaction valued at 1,043,000 led to the insider holds 257,439 shares of the business.
Wagner William M bought 35,000 shares of CTRE for $1,044,400 on Sep 04 ’24.
Valuation Measures:
Investors should consider key stock statistics when deciding whether to invest or divest. In the wake of the recent closing price, CTRE now has a Market Capitalization of 4609306624 and an Enterprise Value of 4836760064. As of this moment, CareTrust’s Price-to-Earnings (P/E) ratio for their current fiscal year is 51.01, and their Forward P/E ratio for the next fiscal year is 23.28. The expected Price-to-Earnings-to-Growth (PEG) calculation for the next 5 years is 1.63. For the stock, the TTM Price-to-Sale (P/S) ratio is 18.62 while its Price-to-Book (P/B) ratio in mrq is 2.37. Its current Enterprise Value per Revenue stands at 19.537 whereas that against EBITDA is 22.955.
Stock Price History:
Over the past 52 weeks, CTRE has reached a high of $31.51, while it has fallen to a 52-week low of $20.10. The 50-Day Moving Average of the stock is 1.26%, while the 200-Day Moving Average is calculated to be 17.61%.
Shares Statistics:
The stock has traded on average 1.52M shares per day over the past 3-months and 1641900 shares per day over the last 10 days, according to various share statistics. A total of 154.21M shares are outstanding, with a floating share count of 153.44M. Insiders hold about 0.50% of the company’s shares, while institutions hold 94.39% stake in the company. Shares short for CTRE as of 1727654400 were 4125732 with a Short Ratio of 2.71, compared to 1724976000 on 3359020. Therefore, it implies a Short% of Shares Outstanding of 4125732 and a Short% of Float of 3.65.
Dividends & Splits
In the trailing 12 months, CTRE’s forward annual dividend rate was 1.14, compared to 1.15 this year. Against a Trailing Annual Dividend Yield of 0.03773585The stock’s 5-year Average Dividend Yield is 5.04.
