As of Friday close, CareTrust REIT Inc.’s (NYSE:CTRE) stock was up $0.18, moving up 0.92 percent to $19.77. The average number of shares traded per day over the past five days has been 635,980 shares. 2 times new highs have been achieved over the past 5 days, with a -$0.49 fall in that time frame. In the last twenty days, the average volume was 736,205, while in the previous 50 days, it was 792,084.
Since last month, CTRE stock retreated -5.81%. Shares of the company fell to $19.43 on 08/18/23, the lowest level in the past month. A 52-week high of $21.89 was reached on 07/27/23 after having rallying from a 52-week low of $16.22. Since the beginning of this year, CTRE’s stock price has risen by 6.40% or $1.19, and marked a new high 16 times. However, the stock has declined by -9.68% since its 52-week high.
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Valuation Metrics
Right now, CareTrust REIT Inc. (CTRE) has a P/E ratio of about 58.15. The stock’s beta is 1.12. Besides these, the trailing price-to-sales (P/S) ratio of 9.58, the price-to-book (PB) ratio of 2.41.
Financial Health
According to company report, the long-term debt-to-equity ratio for the quarter ending June 29 was 1.08, and the total debt-to-equity ratio was 1.08. On the profitability front, the trailing twelve-month gross margin is 97.00% percent. In the year ended June 29, operating margins totaled 41.30%. Based on annual data, CTRE earned $116.28 million in gross profit and brought in $196.13 million in revenue.
A company’s management is another factor that investors consider when determining the profitability of an investment. In the past year, return on investment (ROI) was 2.10%. Return on equity (ROE) for the past 12 months was 4.00%.
In CareTrust REIT Inc.’s quarter-end financial report for June 29, it reported total debt of $199.45 million. According to the earnings report, the company had a higher net income in the recent quarter than it did in the previous quarter. CTRE’s revenue rose 3.51% to $50.61 million during the quarter, while net income inched up to $51.55 million. While analysts expected CareTrust REIT Inc. to report $0.22 quarterly earnings, the actual figure was -$0.01 per share, beating the consensus estimate by -104.50%. During the quarter, the company generated $46.33 million in EBITDA. The value of shareholders’ equity is $99.48 million.
Technical Picture
This quick technical analysis looks at CareTrust REIT Inc.’s (CTRE) price momentum. With a historical volatility rate of 10.45%, the RSI 9-day stood at 35.56% on 18 August.
With respect to its five-day moving average, the current CareTrust REIT Inc. price is down by -2.42% percent or -$0.49. At present, CTRE shares trade -5.59% below its 20-day simple moving average and +5.84% percent above its 100-day simple moving average. However, the stock is currently trading approximately -0.60% below its SMA50 and +5.84% above its SMA200.
Stochastic coefficient K was 8.71% and Stochastic coefficient D was 5.73%, while ATR was 0.43. Given the Stochastic reading of 23.13% for the 14-day period, the RSI (14) reading has been calculated as 40.17%. As of today, the MACD Oscillator reading stands at -0.34, while the 14-day reading stands at -0.53.
Analyst Ratings
BMO Capital Markets upgraded its rating on CareTrust REIT Inc. (NYSE: CTRE) to an Outperform in a note to investors on August 16, 2023. The analysts firm previously had a Market perform rating on the stock.CareTrust REIT Inc. (CTRE) has been rated Overweight by analysts. According to 0 brokerage firms, CTRE is a sell, and 3 firms recommend it is a Hold. There are 0 analysts who say the stock is underweight. A total of 1 analyst rate CareTrust REIT Inc. stock as buy, with 5 recommending it as overweight.
With a median target price of $22.00, the current consensus forecast for the stock is $19.00 – $24.00. Based on these forecasts, analysts predict CareTrust REIT Inc. (CTRE) will achieve an average price target of $22.11.
