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As of close of business last night, CareTrust REIT Inc’s stock clocked out at $24.64, down -1.60% from its previous closing price of $25.04. In other words, the price has decreased by -$1.60 from its previous closing price. On the day, 1.29 million shares were traded. CTRE stock price reached its highest trading level at $25.16 during the session, while it also had its lowest trading level at $24.575.
Ratios:
To gain a deeper understanding of CTRE’s stock, we examine its different ratios. It provided that stocks Price–to–Cash (P/C) ratio for the trailing twelve months (TTM) is standing at 7.76 whereas its Price-to-Free Cash Flow (P/FCF) for the term is 22.00. In the meantime, Its Debt-to-Equity ratio is 0.36 whereas as Long-Term Debt/Eq ratio is at 0.36.
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 this company, Wedbush on May 29, 2024, initiated with a Neutral rating and assigned the stock a target price of $26.
On January 30, 2024, Deutsche Bank started tracking the stock assigning a Hold rating and target price of $23.
On September 20, 2023, Jefferies started tracking the stock assigning a Buy rating and target price of $23.Jefferies initiated its Buy rating on September 20, 2023, with a $23 target price.
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 3500456960 and an Enterprise Value of 3647462656. As of this moment, CareTrust’s Price-to-Earnings (P/E) ratio for their current fiscal year is 48.62, and their Forward P/E ratio for the next fiscal year is 21.50. The expected Price-to-Earnings-to-Growth (PEG) calculation for the next 5 years is 8.68. For the stock, the TTM Price-to-Sale (P/S) ratio is 15.20 while its Price-to-Book (P/B) ratio in mrq is 2.09. Its current Enterprise Value per Revenue stands at 15.842 whereas that against EBITDA is 18.653.
Stock Price History:
Over the past 52 weeks, CTRE has reached a high of $26.43, while it has fallen to a 52-week low of $19.18. The 50-Day Moving Average of the stock is -0.95%, while the 200-Day Moving Average is calculated to be 7.73%.
Shares Statistics:
It appears that CTRE traded 1.22M shares on average per day over the past three months and 2053330 shares per day over the past ten days. A total of 142.06M shares are outstanding, with a floating share count of 141.31M. Insiders hold about 0.53% of the company’s shares, while institutions hold 94.93% stake in the company. Shares short for CTRE as of 1715731200 were 3598580 with a Short Ratio of 2.50, compared to 1713139200 on 4188877. Therefore, it implies a Short% of Shares Outstanding of 3598580 and a Short% of Float of 3.56.
Dividends & Splits
With its trailing 12-month dividend rate of 1.13, CTRE has a forward annual dividend rate of 0.98. Against a Trailing Annual Dividend Yield of 0.045127794The stock’s 5-year Average Dividend Yield is 5.01.
