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The price of CareTrust REIT Inc (NYSE: CTRE) closed at $30.55 in the last session, down -1.26% from day before closing price of $30.94. In other words, the price has decreased by -$1.26 from its previous closing price. On the day, 1.98 million shares were traded. CTRE stock price reached its highest trading level at $31.045 during the session, while it also had its lowest trading level at $30.355.
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 9.51 whereas its Price-to-Free Cash Flow (P/FCF) for the term is 25.65. In the meantime, Its Debt-to-Equity ratio is 0.35 whereas as Long-Term Debt/Eq ratio is at 0.35.
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.
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 4771237888 and an Enterprise Value of 4889190912. As of this moment, CareTrust’s Price-to-Earnings (P/E) ratio for their current fiscal year is 52.13, and their Forward P/E ratio for the next fiscal year is 24.62. The expected Price-to-Earnings-to-Growth (PEG) calculation for the next 5 years is 1.67. For the stock, the TTM Price-to-Sale (P/S) ratio is 19.03 while its Price-to-Book (P/B) ratio in mrq is 2.42. Its current Enterprise Value per Revenue stands at 19.749 whereas that against EBITDA is 23.204.
Stock Price History:
Over the past 52 weeks, CTRE has reached a high of $31.51, while it has fallen to a 52-week low of $19.72. The 50-Day Moving Average of the stock is 8.13%, while the 200-Day Moving Average is calculated to be 23.27%.
Shares Statistics:
According to the various share statistics, CTRE traded on average about 1.48M shares per day over the past 3-months and 1601450 shares per day over the past 10 days. A total of 154.21M shares are outstanding, with a floating share count of 153.44M. Insiders hold about 0.50% of the company’s shares, while institutions hold 94.37% stake in the company. Shares short for CTRE as of 1724976000 were 3359020 with a Short Ratio of 2.27, compared to 1722384000 on 3535794. Therefore, it implies a Short% of Shares Outstanding of 3359020 and a Short% of Float of 2.97.
Dividends & Splits
The forward annual dividend rate for CTRE is 1.14, which was 1.14 in the trailing 12 months. Against a Trailing Annual Dividend Yield of 0.036845505The stock’s 5-year Average Dividend Yield is 5.04.
