Analyzing Stock On Your Own: CareTrust REIT Inc (NYSE: CTRE)

CareTrust REIT Inc (NYSE:CTRE) does about 1.24M shares in volume on a normal day but saw 1106777 shares change hands in Friday’s trading. The company now has a market cap of 3.67B USD. Its current market price is $25.83, marking a decrease of -1.19% compared to the previous close of $26.14. The 52 week high reached by this stock is $26.43 whilst the lowest price level in 52 weeks is $18.91.

CareTrust REIT Inc (CTRE) has a 20-day trading average at $25.37 and the current price is -2.27% off the 52-week high compared with 36.59% distance from its 52-week low. The 50-day simple moving average of the closing price is $24.68 and its 200-day simple moving average is $22.62. If we look at the stock’s price movements over the week, volatility stands at 1.58%, which decreases to 1.48% over 1 month. It is also key to look at other market indicators of price movement for the stock, where we see that the relative strength index (RSI) is at 61.49 to suggest the stock is neutral.

The consensus objective for the share price is $26.44, suggesting that the stock has a potential upside of 2.31% over the period.

The company shares received a number of brokerage firm price updates over the past month, with the latest being on May 29, 2024 when Wedbush initiated the stock to “Neutral” and issued a price target of $26. Jefferies initiated its price target at $23.

CareTrust REIT Inc (CTRE) stock is up 1.02% over the week and 4.07% over the past month. Its price is 15.42% year-to-date and 30.83% over the past year.

To reach the target analysts have set, the stock logically needs to grow 2.31 percent from here.

The company has a return on investment of 2.77% and return on equity of 5.00%. The price to earnings ratio (P/E ratio) amounts to 50.97 while the forward price to earnings ratio is 22.50. The beta has a value of 1.11. Price to book ratio is 2.19 and price to sales ratio is 15.94.