Currently, there are 171.45M common shares owned by the public and among those 170.59M shares have been available to trade.
The company’s stock has a 5-day price change of -0.80% and 13.36% over the past three months. CTRE shares are trading 38.78% year to date (YTD), with the 12-month market performance up to 39.72% higher. It has a 12-month low price of $20.10 and touched a high of $33.15 over the same period. CTRE has an average intraday trading volume of 1.76 million shares. The stock is trading above its simple moving averages at the SMA20, SMA50, and SMA200, as the current price level is off by 0.26%, 1.46%, and 18.65% respectively.
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Institutional ownership of CareTrust REIT Inc (NYSE: CTRE) shares accounts for 85.19% of the company’s 171.45M shares outstanding.
It has a market capitalization of $5.70B and a beta (3y monthly) value of 1.13. The stock’s trailing 12-month PE ratio is 43.62, while the earnings-per-share (ttm) stands at $0.71. The company has a PEG of 1.40 and the debt-to-equity ratio at 0.16. Price movements for the stock have been influenced by the stock’s volatility, which stands at 3.57% over the week and 1.96% over the month.
Analysts forecast that CareTrust REIT Inc (CTRE) will achieve an EPS of 0.31 for the current quarter, 0.31 for the next quarter and 1.28 for current fiscal year. The lowest estimate earnings-per-share for the quarter is 0.3 while analysts give the company a high EPS estimate of 0.3. Comparatively, EPS for the current quarter was 0.22 a year ago. Earnings per share for the fiscal year are expected to increase by 78.00%, and 48.09% over the next financial year. EPS should grow at an annualized rate of 31.25% over the next five years, compared to -7.07% over the past 5-year period.
Looking at the support for the CTRE, a number of firms have released research notes about the stock. Wells Fargo stated their Overweight rating for the stock in a research note on October 01, 2024, with the firm’s price target at $28-$34. Wedbush coverage for the CareTrust REIT Inc (CTRE) stock in a research note released on May 29, 2024 offered a Neutral rating with a price target of $26. Deutsche Bank was of a view on January 30, 2024 that the stock is Hold, while Jefferies gave the stock Buy rating on September 20, 2023, issuing a price target of $23. RBC Capital Mkts on their part issued Outperform rating on September 12, 2023.
