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After finishing at $24.82 in the prior trading day, CareTrust REIT Inc (NYSE: CTRE) closed at $24.55, down -1.09%. In other words, the price has decreased by -$1.09 from its previous closing price. On the day, 0.98 million shares were traded. CTRE stock price reached its highest trading level at $24.92 during the session, while it also had its lowest trading level at $24.53.
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 7.73 whereas its Price-to-Free Cash Flow (P/FCF) for the term is 21.92. 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, Deutsche Bank on January 30, 2024, initiated with a Hold rating and assigned the stock a target price of $23.
On September 20, 2023, Jefferies started tracking the stock assigning a Buy rating and target price of $23.
RBC Capital Mkts Upgraded its Sector Perform to Outperform on September 12, 2023, whereas the target price for the stock was revised from $19 to $23.
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 3487671040 and an Enterprise Value of 3673034240. As of this moment, CareTrust’s Price-to-Earnings (P/E) ratio for their current fiscal year is 48.44, and their Forward P/E ratio for the next fiscal year is 22.04. The expected Price-to-Earnings-to-Growth (PEG) calculation for the next 5 years is 8.65. For the stock, the TTM Price-to-Sale (P/S) ratio is 15.15 while its Price-to-Book (P/B) ratio in mrq is 2.08. Its current Enterprise Value per Revenue stands at 15.953 whereas that against EBITDA is 18.784.
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 $18.05. The 50-Day Moving Average of the stock is 2.48%, while the 200-Day Moving Average is calculated to be 11.17%.
Shares Statistics:
The stock has traded on average 1.42M shares per day over the past 3-months and 998430 shares per day over the last 10 days, according to various share statistics. A total of 142.06M shares are outstanding, with a floating share count of 141.25M. Insiders hold about 0.57% of the company’s shares, while institutions hold 86.41% stake in the company. Shares short for CTRE as of 1713139200 were 4188877 with a Short Ratio of 2.94, compared to 1710460800 on 2699189. Therefore, it implies a Short% of Shares Outstanding of 4188877 and a Short% of Float of 4.46.
Dividends & Splits
In the trailing 12 months, CTRE’s forward annual dividend rate was 1.13, compared to 1.13 this year. Against a Trailing Annual Dividend Yield of 0.0455278The stock’s 5-year Average Dividend Yield is 5.0.
