A new trading day began on Tuesday, with CareTrust REIT Inc (NYSE: CTRE) stock price down -0.03% from the previous day of trading, before settling in for the closing price of $30.03. CTRE’s price has ranged from $20.10 to $33.15 over the past 52 weeks.
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Real Estate Sector giant saw their annual sales surged by 6.82% over the last five years. Meanwhile, its annual earnings per share averaged 71.20%. With a float of $186.51 million, this company’s outstanding shares have now reached $187.32 million.
The firm has a total of 17 workers. Let’s measure their productivity. In terms of profitability, gross margin is 83.93%, operating margin of 74.8%, and the pretax margin is 37.57%.
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 0.43%, while institutional ownership is 89.08%. 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) Earnings and Forecasts
In its latest quarterly report, released on 9/30/2024, the company reported earnings of 0.25 per share, which was $0.1 higher 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 71.20% 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 20.90. Likewise, its price to free cash flow for the trailing twelve months is 27.34.
For the trailing twelve months, Company’s Diluted EPS (Earnings per Share) is 0.71, a number that is poised to hit 0.31 in the next quarter and is forecasted to reach 1.33 in one year’s time.
Technical Analysis of CareTrust REIT Inc (CTRE)
Analysing the last 5-days average volume posted by the [CareTrust REIT Inc, CTRE], we can find that recorded value of 2.27 million was better than the volume posted last year of 1.56 million. As of the previous 9 days, the stock’s Stochastic %D was 17.83%. Additionally, its Average True Range was 0.74.
During the past 100 days, CareTrust REIT Inc’s (CTRE) raw stochastic average was set at 58.13%, which indicates a significant increase from 34.80% during the past two weeks. Based on volatility metrics of the stock, it showed a historical volatility of 24.60% in the past 14 days, which was higher than the 20.00% volatility it showed in the past 100 days.
At the time of writing, stock’s 50-day Moving Average is $30.73, while its 200-day Moving Average is $26.91. Now, the first resistance to watch is $30.34. This is followed by the second major resistance level at $30.65. The third major resistance level sits at $30.85. If the price goes on to break the first support level at $29.83, it is likely to go to the next support level at $29.63. Should the price break the second support level, the third support level stands at $29.32.
CareTrust REIT Inc (NYSE: CTRE) Key Stats
With a market capitalization of 5.62 billion, the company has a total of 171,450K Shares Outstanding. Currently, annual sales are 217,770 K while annual income is 53,740 K. The company’s previous quarter sales were 77,380 K while its latest quarter income was 33,440 K.
