CareTrust REIT Inc [CTRE] stock prices are up 1.23% to $31.31 at the moment. One of the good ways to gauge the recent performance is if the stock’s short-term value is rising or falling. The CTRE shares have gain 3.20% over the last week, with a monthly amount glided 1.79%, and 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 October 01, 2024, when Wells Fargo upgraded its rating to a Overweight and also boosted its price target to $34 from $28. Previously, Wedbush started tracking the stock with Neutral rating on May 29, 2024, and set its price target to $26. On January 30, 2024, Deutsche Bank initiated with a Hold rating and assigned a price target of $23 on the stock. Jefferies started tracking the stock assigning a Buy rating and suggested a price target of $23 on September 20, 2023. RBC Capital Mkts upgraded its rating to a Outperform and raised its price target to $23 on September 12, 2023. BMO Capital Markets upgraded its rating to Outperform for this stock on August 16, 2023, and upped its price target to $24. In a note dated July 27, 2023, Berenberg initiated an Buy rating and provided a target price of $23 on this stock.
The stock price of CareTrust REIT Inc [CTRE] has been fluctuating between $20.10 and $31.51 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 $31.31 at the most recent close of the market. An investor can expect a potential drop of -18.56% based on the average CTRE price forecast.
Analyzing the CTRE fundamentals
The CareTrust REIT Inc [NYSE:CTRE] reported sales of 247.57M for trailing twelve months, representing a surge of 33.63%. Gross Profit Margin for this corporation currently stands at 0.84% with Operating Profit Margin at 0.77%, Pretax Profit Margin comes in at 0.31%, and Net Profit Margin reading is 0.31%. 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. An extended analysis of the company’s primary financial structure reveals a debt-to-equity ratio of0.35.
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 31.07 points at the first support level, and at 30.84 for the second support level. However, for the 1st resistance point, the stock is sitting at 31.45, and for the 2nd resistance point, it is at 31.60.
Ratios To Look Out For
Considering the valuation of this stock, the price to sales ratio is 19.50, the price to book ratio is 2.48 and price to earnings (TTM) ratio is 53.43.
Transactions by insiders
Recent insider trading involved Wagner William M, CFO and Treasurer, that happened on Sep 04 ’24 when 35000.0 shares were sold. Officer, Wagner William M completed a deal on Sep 04 ’24 to buy 35000.0 shares.
