Wells Fargo has recently raised Caretrust REIT Inc (CTRE) stock to Overweight rating, as announced on October 1, 2024, according to Finviz. Earlier, on May 29, 2024, Wedbush had initiated the stock to Neutral, setting a price target of $26. Deutsche Bank also initiated Hold rating with a price target of $23. Additionally, Jefferies initiated Buy rating on September 20, 2023, with a target price of $23. RBC Capital Mkts analysts, in their report published on September 12, 2023, also raised Outperform rating and set a price target of $19 for Caretrust REIT Inc’s stock. Analyst ratings are significant because they provide insights into stock performance expectations, influencing investor decisions and market sentiment.
Caretrust REIT Inc (CTRE) Stock Trading Recap
On Wednesday, Caretrust REIT Inc (CTRE) stock saw a modest uptick, ending the day at $30.85 which represents a slight increase of $0.47 or 1.55% from the prior close of $30.38. The stock opened at $30.35 and touched a low of $30.35 during the day, reaching a high of $30.91. The volume of shares traded was 0.80 million falling short of the average volume of 1.52 million.
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CTRE Stock Performance and Moving Averages
In recent trading, Caretrust REIT Inc (CTRE) stock price has shown some volatility, fluctuating -0.52% over the last five trades and -0.06% over the past 30 trades. This represents a notable shift from earlier in the year. Over the last six months, the stock has risen by 29.57%, and it has gained 17.52% in the previous three months. Currently, CTRE is trading at 1.02%, 2.56%, and 19.64% relative to its 20-Day, 50-Day, and 200-Day Simple Moving Averages, respectively.
As of the latest trading close, CTRE, a Real Estate sector stock, is trading -2.09% below its 52-week high but remains 53.48% above its 52-week low. The Average True Range (ATR) (14 days) of 0.48 highlights the stock’s average volatility, providing insight into how much the price typically fluctuates. This measure is crucial for understanding potential price swings and assessing overall market risk.
Caretrust REIT Inc’s Profitability and Valuation Ratios
Caretrust REIT Inc’s profitability metrics reveal strong financial health. The company currently boasts an operating margin of 64.07% and a profit margin of 29.92%, with a gross margin of 29.57%. The profit margin, also known as the revenue ratio or gross profit ratio, measures how efficiently a company converts sales into net income; higher margins indicate greater profitability.
In terms of valuation, Caretrust REIT Inc’s market capitalization stands at $4.76 billion. Market cap represents the total value of all outstanding shares and is a key indicator of a company’s market value. The stock’s price-to-earnings (P/E) ratio is 52.65, assessing the company’s valuation relative to its earnings. The forward P/E ratio, which uses projected earnings for the next financial year, is 24.03. Additionally, the Price-to-Sales Ratio is 19.22, reflecting the market’s valuation of the company’s sales, while the Price-to-Book Ratio is 2.44, comparing the market value to the company’s book value.
Understanding Insider Trading
Investors often prefer to invest in shares held by company insiders, as management is typically more aligned with the company’s success and shareholder interests. Currently, insiders own just 0.50% of Caretrust REIT Inc (CTRE)’s shares, while financial institutions hold 94.48%.
Notable insider trades include Wagner William M, CFO and Treasurer at Caretrust REIT Inc (CTRE), who sold 35000 shares on Sep 04 ’24, at $29.8 each, totaling $1.04 million.
