CareTrust REIT Inc [CTRE] stock is trading at $23.54, up 0.77%. An important factor to consider is whether the stock is rising or falling in short-term value. The CTRE shares have gain 3.79% over the last week, with a monthly amount glided 15.17%, and seem to be holding up well over a long-time horizon.
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On 6, March 2024, CareTrust REIT Acquires Three Property Skilled Nursing Portfolio in Texas and Missouri. In a post published today on Yahoo Finance, CareTrust REIT, Inc. (NYSE:CTRE) announced today the acquisition of three skilled nursing facilities for approximately $55.6 million, inclusive of transaction costs. The portfolio, consisting of 210 skilled nursing beds and 24 assisted living units, will be added to CareTrust’s existing master lease with affiliates of PACS Group, Inc., who has been operating the facilities for a third-party landlord. Two of the facilities are located in Houston, Texas and one is located in Columbia, Missouri.
From an analyst’s perspective:
CareTrust REIT Inc [NYSE: CTRE] stock has seen the most recent analyst activity on January 30, 2024, when Deutsche Bank initiated its Hold rating and assigned the stock a price target of $23. Previously, Jefferies started tracking the stock with Buy rating on September 20, 2023, and set its price target to $23. On September 12, 2023, upgrade upgraded it’s rating to Outperform and revised its price target to $23 on the stock. BMO Capital Markets upgraded its rating to a Outperform and increased its price target to $24 on August 16, 2023. Berenberg initiated its recommendation with a Buy and recommended $23 as its price target on July 27, 2023. Wells Fargo started tracking with a Equal Weight rating for this stock on April 20, 2023, and assigned it a price target of $21. In a note dated June 03, 2022, CapitalOne initiated an Equal Weight rating and provided a target price of $21.50 on this stock.
CareTrust REIT Inc [CTRE] stock has fluctuated between $17.66 and $23.64 over the past year. Currently, Wall Street analysts expect the stock to reach $23.5 within the next 12 months. CareTrust REIT Inc [NYSE: CTRE] shares were valued at $23.54 at the most recent close of the market. An investor can expect a potential drop of -0.17% based on the average CTRE price forecast.
Analyzing the CTRE fundamentals
CareTrust REIT Inc [NYSE:CTRE] reported sales of 217.77M for the trailing twelve months, which represents a growth of 15.29%. Gross Profit Margin for this corporation currently stands at 0.95% with Operating Profit Margin at 0.76%, Pretax Profit Margin comes in at 0.27%, and Net Profit Margin reading is 0.27%. To continue investigating profitability, this company’s Return on Assets is posted at 0.03, Equity is 0.05 and Total Capital is 0.08. An extended analysis of the company’s primary financial structure reveals a debt-to-equity ratio of0.42.
Before buying any particular stock, readers tend to pay close attention to the indicators that support and create resistance. The company’s stock is currently sitting at 23.30 points at the first support level, and at 23.06 for the second support level. However, for the 1st resistance point, the stock is sitting at 23.79, and for the 2nd resistance point, it is at 24.04.
CareTrust REIT Inc [CTRE] reported earnings per share of $0.22 for its fiscal quarter that ended on 12/30/2023. Based on the Wall Street analysts’ estimates, the company was expected to report earnings of $0.24/share, meaning a difference of -$0.02 and a surprise factor of -8.30%. By comparison, the stated earnings for the previous quarter ended on 9/29/2023 were $0.08 per share as compared to estimates of $0.23 per share, a difference of -$0.15 representing a surprise of -65.20%.
Ratios To Look Out For
Considering the valuation of this stock, the price to sales ratio is 14.11, the price to book ratio is 2.16 and price to earnings (TTM) ratio is 48.55.
