The stock of CareTrust REIT Inc. (NYSE:CTRE) increased by $0.68 on Wednesday to $20.70, up 3.40 percent. The last five days have seen an average of 1,433,695 shares of common stock traded. 16 times new highs were reached in the current year, with a gain of $2.00. The average number of shares traded over the last 20 days was 1,281,829, while the average volume over the last 50 days totaled 972,458.
CTRE stock appreciated 5.29% since last month. On 08/21/23, the company’s shares reached a one-month low of $19.57. The stock touched a high of $21.37 on 07/27/23, after rallying from a low of $16.22 in 52 weeks. The price of CTRE stock has risen by 11.41% or $2.00 this year, reaching a new high 16 times. Still, the stock price is down -3.14% from the 52-week high.
Valuation Metrics
CareTrust REIT Inc. (CTRE) has a trailing price-to-earnings (P/E) ratio of 60.88. Beta for the stock is 1.11. There are also a few other valuation ratios worth considering, including the trailing price-to-sales (P/S) ratio of 10.05, the price-to-book (PB) ratio of 2.52.
Financial Health
The company’s long-term debt to equity ratio for the quarter ending June 29 is 1.08, and the total debt to equity ratio is 1.08. As far as profitability goes, gross margin for the trailing twelve months is 97.00% percent. CareTrust REIT Inc.’s operating margin stood at 41.30% for the same period. Based on annual data, it had gross profit of $116.28 million and revenue of $196.13 million.
Investors will also look at the performance of the company’s management in order to determine the potential profitability of their investment. CTRE’s return on assets (ROA) during the last 12 months has been 2.00%. There was a 2.10% return on investment (ROI) in the past year. In the meantime, the return on equity (ROE) for the last 12 months was 4.00%.
Earnings Surprise
According to CareTrust REIT Inc.’s quarterly financial report for the quarter that ended June 29. A higher net income was reported in the quarter under review than the previous quarter. Net income for the quarter came in at $51.55 million, while revenues rose by 7.76% to $50.61 million. It was predicted that CareTrust REIT Inc.’s quarterly earnings would be -$0.01, but it ended up being $0.22, beating the consensus by -104.50%. EBITDA was $46.33 million for the quarter. At the end of CareTrust REIT Inc.’s most recent quarter ended June 29, its total debt was $875.05 million. Equity owned by shareholders amounts to $99.48 million.
Technical Picture
Here’s a quick look at CareTrust REIT Inc.’s (CTRE) price momentum from a technical perspective. As of 19 September, the RSI 9-day stood at 64.37%, suggesting the stock is Neutral, with a 17.24% historical volatility rate.
The stochastic %K and %D were 53.69% and 50.49% respectively, while the average true range (ATR) was 0.39. Based on the 14-day stochastic reading of 93.30%, the RSI (14) reading is 59.59%. On the 9-day MACD Oscillator, the stock is at 0.02, and the 14-day reading is at 0.05.
Analyst Ratings
In its analyst report released on Sep-20-23, Jefferies began covering CareTrust REIT Inc. (NYSE: CTRE). The stock was rated as a Buy by the brokerage firm. Analysts have assigned CareTrust REIT Inc. (CTRE) an Overweight rating. CTRE is a stock that is recommended for selling by 0 brokerage firms, while 2 companies recommend holding. The stock is underweighted by 0 analysts. Among the analysts who rate the stock, 1 rate it overweight and 7 others recommend it as a buy.
What is CTRE’s price target for the next 12 months?
The current consensus forecast for the stock is between $20.00 and $24.00, with a median target price of $23.00. In analyzing these forecasts, the average price target given by analysts for CareTrust REIT Inc. (CTRE) is $22.60.
