The pursuit of market outperformance leads investors to the practice of hand-picking stocks. Skillful choices can be a catalyst for significant wealth enhancement.
In the latest session, CareTrust REIT Inc (NYSE: CTRE) closed at $34.54 up 0.67% from its previous closing price of $34.31. In other words, the price has increased by $0.67 from its previous closing price. On the day, 2.0 million shares were traded. CTRE stock price reached its highest trading level at $34.73 during the session, while it also had its lowest trading level at $34.1069.
Ratios:
For a deeper understanding of CareTrust REIT Inc’s stock, let’s take a closer look at its various ratios. It provided that stocks Price–to–Cash (P/C) ratio for the trailing twelve months (TTM) is standing at 24.86 whereas its Price-to-Free Cash Flow (P/FCF) for the term is 25.27. For the most recent quarter (mrq), Quick Ratio is recorded 6.87 and its Current Ratio is at 6.87. In the meantime, Its Debt-to-Equity ratio is 0.35 whereas as Long-Term Debt/Eq ratio is at 0.35.
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:
Additionally, insider trades can be beneficial to investors who want to learn what the management thinks about stock prices in the future. 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 7693646848 and an Enterprise Value of 7792146944. As of this moment, CareTrust’s Price-to-Earnings (P/E) ratio for their current fiscal year is 28.81, and their Forward P/E ratio for the next fiscal year is 23.04. The expected Price-to-Earnings-to-Growth (PEG) calculation for the next 5 years is 1.19. For the stock, the TTM Price-to-Sale (P/S) ratio is 20.38 while its Price-to-Book (P/B) ratio in mrq is 2.09. Its current Enterprise Value per Revenue stands at 20.867 whereas that against EBITDA is 24.862.
Stock Price History:
The Beta on a monthly basis for CTRE is 0.86, which has changed by 0.18247175 over the last 52 weeks, in comparison to a change of 0.13054323 over the same period for the S&P500. Over the past 52 weeks, CTRE has reached a high of $34.50, while it has fallen to a 52-week low of $24.79. The 50-Day Moving Average of the stock is 10.29%, while the 200-Day Moving Average is calculated to be 19.52%.
Shares Statistics:
For the past three months, CTRE has traded an average of 2.30M shares per day and 5172570 over the past ten days. A total of 220.30M shares are outstanding, with a floating share count of 219.06M. Insiders hold about 0.56% of the company’s shares, while institutions hold 89.47% stake in the company. Shares short for CTRE as of 1753920000 were 6810521 with a Short Ratio of 2.96, compared to 1751241600 on 5303991. Therefore, it implies a Short% of Shares Outstanding of 6810521 and a Short% of Float of 4.42.
Dividends & Splits
According to the company, the forward annual dividend rate for CTRE is 1.18, from 1.25 in the trailing year. Against a Trailing Annual Dividend Yield of 0.036432527The stock’s 5-year Average Dividend Yield is 4.92.
Earnings Estimates
Current recommendations for the stock of the company come from 3.0 analysts. The consensus estimate for the next quarter is $0.4, with high estimates of $0.47 and low estimates of $0.36.
Analysts are recommending an EPS of between $1.8 and $1.48 for the fiscal current year, implying an average EPS of $1.64. EPS for the following year is $1.7, with 3.0 analysts recommending between $2.05 and $1.44.
Revenue Estimates
A total of 1 analysts believe the company’s revenue will be $120.9M this quarter.It ranges from a high estimate of $120.9M to a low estimate of $120.9M. As of the current estimate, CareTrust REIT Inc’s year-ago sales were $77.38MFor the next quarter, 1 analysts are estimating revenue of $125.4M. There is a high estimate of $125.4M for the next quarter, whereas the lowest estimate is $125.4M.
A total of 2 analysts have provided revenue estimates for CTRE’s current fiscal year. The highest revenue estimate was $453.3M, while the lowest revenue estimate was $341.5M, resulting in an average revenue estimate of $397.4M. In the same quarter a year ago, actual revenue was $296.29MBased on 4 analysts’ estimates, the company’s revenue will be $472.06M in the next fiscal year. The high estimate is $540.4M and the low estimate is $361.1M.
