During the recent session, CareTrust REIT Inc (NYSE:CTRE)’s traded shares were 4.17 million, with the beta value of the company hitting 1.12. At the last check today, the stock’s price was $32.97, reflecting an intraday gain of 0.50% or $0.16. The 52-week high for the CTRE share is $33.15, that puts it down -0.55 from that peak though still a striking 39.04% gain since the share price plummeted to a 52-week low of $20.10. The company’s market capitalization is $5.65B, and the average intraday trading volume over the past 10 days was 1.17 million shares, and the average trade volume was 1.55 million shares over the past three months.
CareTrust REIT Inc (CTRE) received a consensus recommendation of Buy from analysts. That translates to a mean rating of 1.62. CTRE has a Sell rating from 0 analyst(s) out of 6 analysts who have looked at this stock. 2 analyst(s) recommend to Hold the stock while 1 suggest Overweight, and 3 recommend a Buy rating for it. 0 analyst(s) has rated the stock Underweight. Company’s earnings per share (EPS) for the current quarter are expected to be 0.31.
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CareTrust REIT Inc (NYSE:CTRE) trade information
CareTrust REIT Inc (CTRE) registered a 0.50% upside in the last session and has traded in the green over the past 5 sessions. The stock spiked 0.50% in intraday trading to $32.97, hitting a weekly high. The stock’s 5-day price performance is 6.58%, and it has moved by 7.59% in 30 days. Based on these gigs, the overall price performance for the year is 53.23%. The short interest in CareTrust REIT Inc (NYSE:CTRE) is 3.1 million shares and it means that shorts have 1.71 day(s) to cover.
The consensus price target of analysts on Wall Street is $26, which implies a decrease of -26.81% to the stock’s current value. The extremes of the forecast give a target low and a target high price of $23 and $27 respectively. As a result, CTRE is trading at a premium of 18.11% off the target high and 30.24% off the low.
CareTrust REIT Inc (CTRE) estimates and forecasts
Statistics show that CareTrust REIT Inc has outperformed its competitors in share price, compared to the industry in which it operates. CareTrust REIT Inc (CTRE) shares have gone up 30.28% during the last six months, with a year-to-date growth rate more than the industry average at 4.96% against -3.20. Yet analysts are ramping up their growth forecast for the fiscal year 2024. Revenue is predicted to grow 40.90% this quarter and then jump 40.90% in the quarter after that. In the rating firms’ projections, revenue will increase 12.40% compared to the previous financial year.
As companies strive to predict their financial trajectories, we turn our attention to the forthcoming financial quarter. Here are the insights gathered from industry analysts. Revenue for the current quarter is expected to be 57.29M as predicted by 6 analyst(s). Meanwhile, a consensus of 4 analyst(s) estimates revenue growth to 58.47M by the end of current fiscal year. As per earnings report from last fiscal year’s results, sales for the corresponding quarters totaled 53.47M and 53.5M respectively. In this case, analysts expect current quarter sales to grow by 7.10% and then jump by 9.30% in the coming quarter.
An analysis of the company’s performance over the past 5 years shows that the company’s earnings shrunk an estimated -7.07%. While earnings are projected to return 80.00% in 2024, the next five years will return 31.25% per annum.
CTRE Dividends
CareTrust REIT Inc is due to release its next quarterly earnings on 2025-Feb-06. However, it is important to remember that the dividend yield ratio is merely an indicator meant to only serve as guidance. Investors should also take the other fundamental and operational aspects into account before investing in the stock. The forward dividend ratio for CareTrust REIT Inc is 1.15, with the dividend yield indicating at 3.49 percent, continuing the trend of increasing dividends in recent years. The average dividend yield of the company for the last 5 years is 5.04%.
CareTrust REIT Inc (NYSE:CTRE)’s Major holders
CareTrust REIT Inc insiders own 0.42% of total outstanding shares while institutional holders control 86.80%, with the float percentage being 87.16%. BLACKROCK INC. is the largest shareholder of the company, while 477.0 institutions own stock in it. As of 2024-06-30, the company held over 26.94 million shares (or 18.5935% of all shares), a total value of $676.22 million in shares.
The next largest institutional holding, with 21.88 million shares, is of VANGUARD GROUP INC’s that is approximately 15.0978% of outstanding shares. At the market price on 2024-06-30, these shares were valued at $549.09 million.
