CareTrust REIT Inc [CTRE] stock prices are up 0.84% to $25.35 at the moment. Until recently, the best way to gauge how the stock has performed was to look at its short-term value. The CTRE shares have gain 2.88% over the last week, with a monthly amount drifted -0.86%, and not seem to be holding up well over a long-time horizon.
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From an analyst’s perspective:
CareTrust REIT Inc [NYSE: CTRE] stock has seen the most recent analyst activity on May 29, 2024, when Wedbush initiated its Neutral rating and assigned the stock a price target of $26. Previously, Deutsche Bank started tracking the stock with Hold rating on January 30, 2024, and set its price target to $23. On September 20, 2023, Jefferies initiated with a Buy rating and assigned a price target of $23 on the stock. RBC Capital Mkts upgraded its rating to a Outperform and increased its price target to $23 on September 12, 2023. BMO Capital Markets upgraded its rating to a Outperform and raised its price target to $24 on August 16, 2023. Berenberg started tracking with a Buy rating for this stock on July 27, 2023, and assigned it a price target of $23. In a note dated April 20, 2023, Wells Fargo initiated an Equal Weight rating and provided a target price of $21 on this stock.
The stock price of CareTrust REIT Inc [CTRE] has been fluctuating between $19.18 and $26.43 over the past year. Currently, Wall Street analysts expect the stock to reach $25.5 within the next 12 months. CareTrust REIT Inc [NYSE: CTRE] shares were valued at $25.35 at the most recent close of the market. An investor can expect a potential return of 0.59% based on the average CTRE price forecast.
Analyzing the CTRE fundamentals
The CareTrust REIT Inc [NYSE:CTRE] reported sales of 230.23M for trailing twelve months, representing a surge of 24.63%. Gross Profit Margin for this corporation currently stands at 0.89% with Operating Profit Margin at 0.74%, Pretax Profit Margin comes in at 0.29%, and Net Profit Margin reading is 0.29%. To continue investigating profitability, this company’s Return on Assets is posted at 0.03, Equity is 0.05 and Total Capital is 0.07. Upon thorough examination of the company’s fundamental financial framework, it becomes apparent that the debt-to-equity ratio stands at 0.36.
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 25.12 points at the first support level, and at 24.89 for the second support level. However, for the 1st resistance point, the stock is sitting at 25.53, and for the 2nd resistance point, it is at 25.71.
Ratios To Look Out For
Considering the valuation of this stock, the price to sales ratio is 15.64, the price to book ratio is 2.15 and price to earnings (TTM) ratio is 50.02.
