A look into CareTrust REIT Inc (CTRE)’s deeper side

With 0.68 million shares changed hands, the volume of the stock remained lighter than its average volume of 1.51 million shares. The 52-week range on CTRE shows that it touched its highest point at $24.62 and its lowest point at $18.05 during that stretch. It currently has a 1-year price target of $25.12. With its current market cap of 3.20 billion, CTRE has annualized dividend of $1.13 while the current yield stands at 4.77%. Beta for the stock currently stands at 1.06.

Price Performance and Earnings:

Stock performance is one of the indicators that investors use to determine whether they will profit from a stock. The price performance of CTRE was down-trending over the past week, with a drop of -2.03%, but this was up by 0.34% over a month. Three-month performance surged to 7.58% while six-month performance rose 10.70%. The stock gained 18.38% in the past year, while it has gained 5.85% so far this year. A look at the trailing 12-month EPS for CTRE yields 0.48 with Next year EPS estimates of 1.12. For the next quarter, that number is 0.25. This implies an EPS growth rate of 108.72% for this year and 7.51% for next year. EPS is expected to grow by 5.60% annually over the next five years; however, over the past five years, the company experienced an annual growth rate of -7.07%.

Float and Shares Shorts:

At present, 134.99 million CTRE shares are outstanding with a float of 134.25 million shares on hand for trading. On Mar 15, 2024, short shares totaled 2.7 million, which was 2.00% higher than short shares on Feb 15, 2024. In addition to CTRU as the firm’s CTRU, CTRA serves as its Coterra Energy Inc..

Institutional Ownership:

Through their ownership of 90.90% of CTRE’s outstanding shares, institutional investors have majority control over the company.

Analysts Ratings:

Reading analyst opinions is an effective way to decide where to invest, and there are several opinions available for CTRE since 0 analysts follow the stock currently. In the same way, a target price assigned to a stock can also reveal much about its potential.

EPS: Estimates vs Actual

It is also common to use earnings estimates to evaluate a firm’s growth potential and to determine trading strategy.