CareTrust REIT Inc (NYSE: CTRE) on Friday, plunged -1.82% from the previous trading day, before settling in for the closing price of $29.07. Within the past 52 weeks, CTRE’s price has moved between $24.22 and $33.15.
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A company in the Real Estate sector has jumped its sales by 13.21% annually for the last half of the decade. The company achieved an average annual earnings per share of 77.99%. With a float of $186.43 million, this company’s outstanding shares have now reached $187.67 million.
In an organization with 21 employees, it is important to assess its efficiency. In terms of profitability, gross margin is 90.76%, operating margin of 73.44%, and the pretax margin is 52.92%.
CareTrust REIT Inc (CTRE) Insider Updates
Observing investor behavior towards REIT – Healthcare Facilities industry stocks is more important than anything else. The insider ownership of CareTrust REIT Inc is 0.62%, while institutional ownership is 97.27%. 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) Performance Highlights and Predictions
Wall Street market experts anticipate that the next fiscal year will bring earnings of 0.38 per share during the current fiscal year.
According to the Wall Street analysts, stocks earnings will be around 77.99% per share during the next fiscal year. For the long-term projections, market analysts anticipate that the company’s EPS will surge by 27.43% during the next five years compared to 10.17% growth over the previous five years of trading.
CareTrust REIT Inc (NYSE: CTRE) Trading Performance Indicators
CareTrust REIT Inc (CTRE) is currently performing well based on its current performance indicators. In addition, a publicly-traded company’s price to sales ratio for the trailing twelve months stands at 16.24. Likewise, its price to free cash flow for the trailing twelve months is 20.85.
For the trailing twelve months, Company’s Diluted EPS (Earnings per Share) is 0.92, a number that is poised to hit 0.35 in the next quarter and is forecasted to reach 1.56 in one year’s time.
Technical Analysis of CareTrust REIT Inc (CTRE)
Let’s dig in a bit further. During the last 5-days, its volume was 1.62 million. That was inferior than the volume of 1.79 million it reported in year-ago period. As of the previous 9 days, the stock’s Stochastic %D was 75.82%. Additionally, its Average True Range was 0.77.
During the past 100 days, CareTrust REIT Inc’s (CTRE) raw stochastic average was set at 78.13%, which indicates a significant increase from 58.22% during the past two weeks. Based on volatility metrics of the stock, it showed a historical volatility of 19.20% in the past 14 days, which was lower than the 25.91% volatility it showed in the past 100 days.
At the time of writing, stock’s 50-day Moving Average is $27.72, while its 200-day Moving Average is $28.50. However, in the short run, CareTrust REIT Inc’s stock first resistance to watch stands at $29.25. Second resistance stands at $29.96. The third major resistance level sits at $30.95. If the price goes on to break the first support level at $27.55, it is likely to go to the next support level at $26.56. Assuming the price breaks the second support level, the third support level stands at $25.85.
CareTrust REIT Inc (NYSE: CTRE) Key Stats
Market capitalization of the company is 5.36 billion based on 187,662K outstanding shares. Right now, sales total 296,290 K and income totals 125,080 K. The company made 86,940 K in profit during its latest quarter, and 52,130 K in sales during its previous quarter.
