CareTrust REIT Inc [NYSE: CTRE] traded at a low on Thursday, posting a -0.43 loss after which it closed the day’ session at $32.67.
The results of the trading session contributed to over 9691793 shares changing hands. Over the past one week, the price volatility of CareTrust REIT Inc stands at 1.97% while the volatility over the past one month is 1.63%.
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The market cap for CTRE stock reached $5.60 billion, with 154.21 million shares outstanding and 153.44 million shares in the current float. Compared to the average trading volume of 1.55M shares, CTRE reached a trading volume of 9691793 in the most recent trading day, which is why market watchdogs consider the stock to be active.
What do top market gurus say about CareTrust REIT Inc [CTRE]?
Based on careful and fact-backed analyses by Wall Street experts, the current consensus on the target price for CTRE shares is $31.62 per share. Analysis on target price and performance of stocks is usually carefully studied by market experts, and the current Wall Street consensus on CTRE stock is a recommendation set at 1.62. This rating represents a strong Buy recommendation, on the scale from 1 to 5, where 5 would mean strong sell, 4 represents Sell, 3 is Hold, and 2 indicates Buy.
Wells Fargo have made an estimate for CareTrust REIT Inc shares, keeping their opinion on the stock as Overweight, with their previous recommendation back on October 01, 2024. While these analysts kept the previous recommendation, Wedbush raised their target price to Neutral. The new note on the price target was released on May 29, 2024, representing the official price target for CareTrust REIT Inc stock. Previously, the target price had yet another raise to $23, while Deutsche Bank analysts kept a Hold rating on CTRE stock.
The Average True Range (ATR) for CareTrust REIT Inc is set at 0.55, with the Price to Sales ratio for CTRE stock in the period of the last 12 months amounting to 20.82. The Price to Book ratio for the last quarter was 2.31, with the Price to Cash per share for the same quarter was set at 2.20. Price to Free Cash Flow for CTRE in the course of the last twelve months was 27.23.
How has CTRE stock performed recently?
CareTrust REIT Inc [CTRE] gain into the green zone at the end of the last week, gaining into a positive trend and gaining by 5.59. With this latest performance, CTRE shares gained by 6.59% in over the last four-week period, additionally plugging by 29.08% over the last 6 months – not to mention a rise of 51.81% in the past year of trading.
Overbought and oversold stocks can be easily traced with the Relative Strength Index (RSI), where an RSI result of over 70 would be overbought, and any rate below 30 would indicate oversold conditions. An RSI rate of 50 would represent a neutral market momentum. The current RSI for CTRE stock in for the last two-week period is set at 72.63, with the RSI for the last a single of trading hit 77.38, and the three-weeks RSI is set at 69.95 for CareTrust REIT Inc [CTRE]. The present Moving Average for the last 50 days of trading for this stock 30.51, while it was recorded at 31.93 for the last single week of trading, and 26.08 for the last 200 days.
Earnings analysis for CareTrust REIT Inc [CTRE]
The progress of the company may be observed through the prism of EPS growth rate, while Wall Street analysts are focusing on predicting the 5-year EPS growth rate for CTRE. When it comes to the mentioned value, analysts are expecting to see the 5-year EPS growth rate for CareTrust REIT Inc go to 31.25%.
Insider trade positions for CareTrust REIT Inc [CTRE]
There are presently around $86.80%, or 87.16%% of CTRE stock, in the hands of institutional investors. The top three institutional holders of CTRE stocks are: BLACKROCK INC. with ownership of 26.94 million shares, which is approximately 18.5935%. VANGUARD GROUP INC, holding 21.88 million shares of the stock with an approximate value of $$549.09 million in CTRE stocks shares; and VANGUARD GROUP INC, currently with $$304.41 million in CTRE stock with ownership which is approximately 8.37%.
