As of Friday close, CareTrust REIT Inc.’s (NYSE:CTRE) stock was down -$0.32, moving down -1.56 percent to $20.14. The average number of shares traded per day over the past five days has been 1,883,880 shares. 2 times new highs have been achieved over the past 5 days, with a -$0.14 fall in that time frame. In the last twenty days, the average volume was 1,434,285, while in the previous 50 days, it was 1,044,708.
Since last month, CTRE stock rose 1.41%. Shares of the company fell to $19.66 on 08/24/23, the lowest level in the past month. A 52-week high of $21.37 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 8.40% or $1.56, and marked a new high 16 times. However, the stock has declined by -5.76% since its 52-week high.
Valuation Metrics
Right now, CareTrust REIT Inc. (CTRE) has a P/E ratio of about 59.24. The stock’s beta is 1.10. Besides these, the trailing price-to-sales (P/S) ratio of 9.78, the price-to-book (PB) ratio of 2.46.
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 7.76% 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 18.30%, the RSI 9-day stood at 49.32% on 22 September.
With respect to its five-day moving average, the current CareTrust REIT Inc. price is down by -0.69% percent or -$0.14. At present, CTRE shares trade +2.03% above its 20-day simple moving average and +4.08% percent above its 100-day simple moving average. However, the stock is currently trading approximately +0.15% above its SMA50 and +1.41% above its SMA200.
Stochastic coefficient K was 58.76% and Stochastic coefficient D was 54.32%, while ATR was 0.41. Given the Stochastic reading of 39.83% for the 14-day period, the RSI (14) reading has been calculated as 49.90%. As of today, the MACD Oscillator reading stands at 0.17, while the 14-day reading stands at 0.24.
Analyst Ratings
Jefferies launched its rating on CareTrust REIT Inc. (NYSE: CTRE) to a Buy in a note to investors on September 20, 2023. CareTrust REIT Inc. (CTRE) has been rated Overweight by analysts. According to 0 brokerage firms, CTRE is a sell, and 2 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 7 recommending it as overweight.
With a median target price of $23.00, the current consensus forecast for the stock is $20.00 – $24.00. Based on these forecasts, analysts predict CareTrust REIT Inc. (CTRE) will achieve an average price target of $22.60.
