Market Highlights: CareTrust REIT Inc (CTRE) Ends on a High Note at 30.39

In the quest to outshine the broader market, stock pickers diligently seek out stocks with the potential for superior performance. Making the right choices can significantly elevate your wealth.

The price of CareTrust REIT Inc (NYSE: CTRE) closed at $30.39 in the last session, up 0.16% from day before closing price of $30.34. In other words, the price has increased by $0.16 from its previous closing price. On the day, 1.2 million shares were traded. CTRE stock price reached its highest trading level at $30.59 during the session, while it also had its lowest trading level at $30.26.

Ratios:

We take a closer look at CTRE’s different ratios to gain a better understanding of the stock. It provided that stocks Price–to–Cash (P/C) ratio for the trailing twelve months (TTM) is standing at 9.21 whereas its Price-to-Free Cash Flow (P/FCF) for the term is 22.68. For the most recent quarter (mrq), Quick Ratio is recorded 11.86 and its Current Ratio is at 11.86. In the meantime, Its Debt-to-Equity ratio is 0.28 whereas as Long-Term Debt/Eq ratio is at 0.28.

On January 02, 2025, Wedbush Downgraded its rating to Underperform which previously was Neutral and also lowered its target price recommendation from $34 to $26.

BMO Capital Markets Downgraded its Outperform to Market Perform on December 09, 2024, whereas the target price for the stock was revised from $34 to $32.

Insider Transactions:

An investor can also benefit from insider trades by learning what management is thinking about the future direction of stock prices. 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 5825428480 and an Enterprise Value of 6682187264. As of this moment, CareTrust’s Price-to-Earnings (P/E) ratio for their current fiscal year is 33.12, and their Forward P/E ratio for the next fiscal year is 20.66. The expected Price-to-Earnings-to-Growth (PEG) calculation for the next 5 years is 1.45. For the stock, the TTM Price-to-Sale (P/S) ratio is 17.66 while its Price-to-Book (P/B) ratio in mrq is 1.95. Its current Enterprise Value per Revenue stands at 20.259 whereas that against EBITDA is 24.085.

Stock Price History:

The Beta on a monthly basis for CTRE is 0.86, which has changed by 0.12662458 over the last 52 weeks, in comparison to a change of 0.13161862 over the same period for the S&P500. Over the past 52 weeks, CTRE has reached a high of $33.15, while it has fallen to a 52-week low of $24.79. The 50-Day Moving Average of the stock is 2.62%, while the 200-Day Moving Average is calculated to be 5.87%.

Shares Statistics:

According to the various share statistics, CTRE traded on average about 1.70M shares per day over the past 3-months and 2033120 shares per day over the past 10 days. A total of 191.69M shares are outstanding, with a floating share count of 190.59M. Insiders hold about 0.57% of the company’s shares, while institutions hold 94.97% stake in the company. Shares short for CTRE as of 1749772800 were 3758457 with a Short Ratio of 3.13, compared to 1747267200 on 4517554. Therefore, it implies a Short% of Shares Outstanding of 3758457 and a Short% of Float of 2.5799999000000002.

Dividends & Splits

The forward annual dividend rate for CTRE is 1.18, which was 1.205 in the trailing 12 months. Against a Trailing Annual Dividend Yield of 0.039716545The stock’s 5-year Average Dividend Yield is 4.94.

Leave a Reply

Your email address will not be published. Required fields are marked *

DWinneX
Privacy Overview

This website uses cookies so that we can provide you with the best user experience possible. Cookie information is stored in your browser and performs functions such as recognising you when you return to our website and helping our team to understand which sections of the website you find most interesting and useful.