CareTrust REIT Inc [NYSE: CTRE] price surged by 3.67 percent to reach at $0.94.
The one-year CTRE stock forecast points to a potential upside of 16.13. The average equity rating for CTRE stock is currently 2.00, trading closer to a bullish pattern in the stock market.
Guru’s Opinion on 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 2.00. 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.
Wedbush have made an estimate for CareTrust REIT Inc shares, keeping their opinion on the stock as Underperform, with their previous recommendation back on January 02, 2025. While these analysts kept the previous recommendation, BMO Capital Markets dropped their target price from $34 to $32. The new note on the price target was released on December 09, 2024, representing the official price target for CareTrust REIT Inc stock. Previously, the target price had yet another raise from $28 to $34, while Wells Fargo kept a Overweight rating on CTRE stock.
The Average True Range (ATR) for CareTrust REIT Inc is set at 0.69, with the Price to Sales ratio for CTRE stock in the period of the last 12 months amounting to 18.46. The Price to Book ratio for the last quarter was 1.87, with the Price to Cash per share for the same quarter was set at 2.01. Price to Free Cash Flow for CTRE in the course of the last twelve months was 24.15.
CTRE Stock Performance Analysis:
CareTrust REIT Inc [CTRE] gain into the green zone at the end of the last week, gaining into a positive trend and gaining by 0.57. With this latest performance, CTRE shares dropped by -0.23% in over the last four-week period, additionally sinking by -4.82% over the last 6 months – not to mention a rise of 16.60% 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 48.31, with the RSI for the last a single of trading hit 51.35, and the three-weeks RSI is set at 46.42 for CareTrust REIT Inc [CTRE]. The present Moving Average for the last 50 days of trading for this stock 27.26, while it was recorded at 26.06 for the last single week of trading, and 27.88 for the last 200 days.
CareTrust REIT Inc [CTRE] Institutonal Ownership Details
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%.
