A new trading day began on Friday, with CareTrust REIT Inc (NYSE: CTRE) stock price up 0.72% from the previous day of trading, before settling in for the closing price of $30.66. CTRE’s price has ranged from $20.10 to $31.51 over the past 52 weeks.
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It was noted that within the last five years, the titan of the Real Estate sector saw sales topped by 6.82%. Meanwhile, its annual earnings per share averaged 79.60%. With a float of $153.44 million, this company’s outstanding shares have now reached $154.21 million.
The extent of productivity of a business whose workforce counts for 17 workers is very important to gauge. In terms of profitability, gross margin is 84.07%, operating margin of 76.56%, and the pretax margin is 31.33%.
CareTrust REIT Inc (CTRE) Insider and Institutional Ownership
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 0.50%, while institutional ownership is 94.47%. The most recent insider transaction that took place on Sep 04 ’24, was worth 1,043,000. In this transaction CFO and Treasurer of this company sold 35,000 shares at a rate of $29.80, taking the stock ownership to the 257,439 shares. Before that another transaction happened on Sep 04 ’24, when Company’s Officer proposed sale 35,000 for $29.84, making the entire transaction worth $1,044,400.
CareTrust REIT Inc (CTRE) Latest Financial update
In its latest quarterly report, released on 6/30/2024, the company reported earnings of 0.08 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 0.31 per share during the current fiscal year.
According to the Wall Street analysts, stocks earnings will be around 79.60% per share during the next fiscal year. For the long-term projections, market analysts anticipate that the company’s EPS will surge by 31.25% 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 19.23. Likewise, its price to free cash flow for the trailing twelve months is 25.93.
For the trailing twelve months, Company’s Diluted EPS (Earnings per Share) is 0.59, a number that is poised to hit 0.29 in the next quarter and is forecasted to reach 1.28 in one year’s time.
Technical Analysis of CareTrust REIT Inc (CTRE)
The latest stats from [CareTrust REIT Inc, CTRE] show that its last 5-days average volume of 1.15 million was inferior to 1.42 million than last year’s volume. As of the previous 9 days, the stock’s Stochastic %D was 83.58%. Additionally, its Average True Range was 0.46.
During the past 100 days, CareTrust REIT Inc’s (CTRE) raw stochastic average was set at 91.20%, which indicates a significant increase from 69.28% during the past two weeks. Based on volatility metrics of the stock, it showed a historical volatility of 13.06% in the past 14 days, which was lower than the 14.83% volatility it showed in the past 100 days.
At the time of writing, stock’s 50-day Moving Average is $29.92, while its 200-day Moving Average is $25.66. Now, the first resistance to watch is $30.97. This is followed by the second major resistance level at $31.05. The third major resistance level sits at $31.17. If the price goes on to break the first support level at $30.77, it is likely to go to the next support level at $30.65. The third support level lies at $30.57 if the price breaches the second support level.
CareTrust REIT Inc (NYSE: CTRE) Key Stats
With a market capitalization of 4.76 billion, the company has a total of 142,064K Shares Outstanding. Currently, annual sales are 217,770 K while annual income is 53,740 K. The company’s previous quarter sales were 68,890 K while its latest quarter income was 10,760 K.
