A new trading day began on Tuesday, with CareTrust REIT Inc (NYSE: CTRE) stock price down -0.37% from the previous day of trading ,before settling in for the closing price of $24.41. CTRE’s price has ranged from $18.05 to $24.62 over the past 52 weeks.
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During the last 5-year period, the sales growth of Real Estate Sector giant was 6.82%. Meanwhile, its annual earnings per share averaged 108.72%. With a float of $134.22 million, this company’s outstanding shares have now reached $134.99 million.
Let’s determine the extent of company efficiency that accounts for 17 employees.
CareTrust REIT Inc (CTRE) Insider Activity
As we move forward, let’s examine how large-scale investors are investing in this stock of the REIT – Healthcare Facilities Industry. The insider ownership of CareTrust REIT Inc is 0.57%, while institutional ownership is 89.26%.
CareTrust REIT Inc (CTRE) Earnings and Forecasts
In its latest quarterly report, released on 12/30/2023, the company reported earnings of $0.22 per share, which was $0.1 lower than the consensus estimate of $0.26. In terms of return on equity, this company recorded -19.55% in contrast with 50.0% return on Investment (trailing twelve months). Wall Street market experts anticipate that the next fiscal year will bring earnings of 0.26 per share during the current fiscal year.
According to the Wall Street analysts, stocks earnings will be around 108.72% per share during the next fiscal year. For the long-term projections, market analysts anticipate that the company’s EPS will surge by 5.60% during the next five years compared to -7.07% drop over the previous five years of trading.
CareTrust REIT Inc (NYSE: CTRE) Trading Performance Indicators
Here are CareTrust REIT Inc’s current performance indicators. In addition, a publicly-traded company’s price to sales ratio for the trailing twelve months stands at 15.08. Likewise, its price to free cash flow for the trailing twelve months is 22.83.
For the trailing twelve months, Company’s Diluted EPS (Earnings per Share) is 0.48, a number that is poised to hit 0.25 in the next quarter and is forecasted to reach 1.12 in one year’s time.
Technical Analysis of CareTrust REIT Inc (CTRE)
Looking closely at CareTrust REIT Inc (NYSE: CTRE), its last 5-days average volume was 1.04 million, which is a drop from its year-to-date volume of 1.45 million. As of the previous 9 days, the stock’s Stochastic %D was 74.26%. Additionally, its Average True Range was 0.40.
During the past 100 days, CareTrust REIT Inc’s (CTRE) raw stochastic average was set at 93.36%, which indicates a significant increase from 63.86% during the past two weeks. Based on volatility metrics of the stock, it showed a historical volatility of 10.81% in the past 14 days, which was lower than the 20.51% volatility it showed in the past 100 days.
At the time of writing, stock’s 50-day Moving Average is $23.05, while its 200-day Moving Average is $21.67. However, in the short run, CareTrust REIT Inc’s stock first resistance to watch stands at $24.44. Second resistance stands at $24.56. The third major resistance level sits at $24.68. If the price goes on to break the first support level at $24.20, it is likely to go to the next support level at $24.08. Should the price break the second support level, the third support level stands at $23.96.
CareTrust REIT Inc (NYSE: CTRE) Key Stats
With a market capitalization of 3.28 billion, the company has a total of 134,993K Shares Outstanding. Currently, annual sales are 217,770 K while annual income is 53,740 K. The company’s previous quarter sales were 59,730 K while its latest quarter income was 26,300 K.
