Market Momentum Report: CareTrust REIT Inc (CTRE)’s Negative Close at 24.83

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The price of CareTrust REIT Inc (NYSE: CTRE) closed at $24.83 in the last session, down -0.20% from day before closing price of $24.88. In other words, the price has decreased by -$0.20 from its previous closing price. On the day, 0.96 million shares were traded. CTRE stock price reached its highest trading level at $25.24 during the session, while it also had its lowest trading level at $24.75.

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 7.82 whereas its Price-to-Free Cash Flow (P/FCF) for the term is 22.17. 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 3527449088 and an Enterprise Value of 3674454784. As of this moment, CareTrust’s Price-to-Earnings (P/E) ratio for their current fiscal year is 48.99, and their Forward P/E ratio for the next fiscal year is 22.33. The expected Price-to-Earnings-to-Growth (PEG) calculation for the next 5 years is 8.75. For the stock, the TTM Price-to-Sale (P/S) ratio is 15.32 while its Price-to-Book (P/B) ratio in mrq is 2.10. Its current Enterprise Value per Revenue stands at 15.96 whereas that against EBITDA is 18.791.

Stock Price History:

The Beta on a monthly basis for CTRE is 1.07, which has changed by 0.2818792 over the last 52 weeks, in comparison to a change of 0.2644323 over the same period for the S&P500. 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 3.01%, while the 200-Day Moving Average is calculated to be 12.05%.

Shares Statistics:

According to the various share statistics, CTRE traded on average about 1.35M shares per day over the past 3-months and 988120 shares per day over the past 10 days. 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 90.67% stake in the company. Shares short for CTRE as of 1714435200 were 3978151 with a Short Ratio of 2.95, compared to 1711584000 on 4626465. Therefore, it implies a Short% of Shares Outstanding of 3978151 and a Short% of Float of 3.95.

Dividends & Splits

The forward annual dividend rate for CTRE is 1.13, which was 1.13 in the trailing 12 months. Against a Trailing Annual Dividend Yield of 0.04541801The stock’s 5-year Average Dividend Yield is 5.0.

Earnings Estimates

The stock of CareTrust REIT Inc (CTRE) is currently drawing attention from 1.0 analysts actively involved in the ongoing evaluation and rating process.On average, analysts expect EPS of $0.25 for the current quarter, with a high estimate of $0.25 and a low estimate of $0.25, while EPS last year was -$0.01. The consensus estimate for the next quarter is $0.26, with high estimates of $0.26 and low estimates of $0.26.

Analysts are recommending an EPS of between $1.01 and $1.01 for the fiscal current year, implying an average EPS of $1.01. EPS for the following year is $1.13, with 1.0 analysts recommending between $1.13 and $1.13.

Revenue Estimates

According to 2 analysts, the current quarter’s revenue is expected to be $54.27M. It ranges from a high estimate of $55.3M to a low estimate of $53.25M. As of the current estimate, CareTrust REIT Inc’s year-ago sales were $47.74MFor the next quarter, 2 analysts are estimating revenue of $54.81M. There is a high estimate of $55.8M for the next quarter, whereas the lowest estimate is $53.81M.

A total of 3 analysts have provided revenue estimates for CTRE’s current fiscal year. The highest revenue estimate was $221.8M, while the lowest revenue estimate was $214.89M, resulting in an average revenue estimate of $217.41M. In the same quarter a year ago, actual revenue was $198.6MBased on 3 analysts’ estimates, the company’s revenue will be $235.18M in the next fiscal year. The high estimate is $261.9M and the low estimate is $221.75M.

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