CareTrust REIT Inc. [CTRE] stock is down -0.94 while the S&P 500 has risen 0.51% on Thursday, 09/24/20. While at the time of this article, CTRE ATR is sitting at 0.61, with the beta value at 1.01. This stock’s volatility for the past week remained at 4.04%, while it was 3.21% for the past 30-day period. CTRE has fallen -$0.16 from the previous closing price of $17.01 on volume of 0.89 million shares.

Analyst Birdseye View:

The most recent analyst activity for CareTrust REIT Inc. [NASDAQ:CTRE] stock was on August 03, 2020, when it was Upgrade with a Strong buy rating from Raymond James, which also raised its 12-month price target on the stock to $21. Before that, on September 02, 2020, Stifel Recapitulated a Buy rating and elevated its amount target to $22. On April 29, 2020, Raymond James Upgrade an Outperform rating and boosted its price target on this stock to $19. On April 06, 2020, Mizuho Upgrade a Neutral rating and decreased its price target from $19 to $13. On February 28, 2020, Berenberg Downgrade a Hold rating. On January 07, 2020, BMO Capital Markets Downgrade a Market perform rating and boosted its amount target on this stock to $22. On December 20, 2019, Mizuho Initiated an Underperform rating. On September 03, 2019 Barclays Initiated an Overweight rating and elevated its amount target to $26.

In the past 52 weeks of trading, this stock has oscillated between a low of $7.16 and a peak of $24.56. Right now, according to Wall Street analyst the average 12-month amount target is $19.89. At the most recent market close, shares of CareTrust REIT Inc. [NASDAQ:CTRE] were valued at $16.85. According to the average price forecast, investors can expect a potential return of 10.57%.

FUNDAMENTAL ANALYSIS

CareTrust REIT Inc. [NASDAQ:CTRE] most recently reported quarterly sales of 44.17 billion, which represented growth of -4.30%. This publicly-traded organization’s revenue is $3,142,327 per employee, while its income is $885,827 per employee. Continuing to look at profitability, this corporation’s Return on Assets, Equity, Whole Principal & invested Principal is sitting at 3.28, 5.43, 4.47 and 3.52 respectively.

If looking now at the Principal structure of this organization, it shows its whole liability to the whole Principal at 37.42 and the whole liability to whole assets at 36.52. It shows enduring liability to the whole principal at 35.73 and enduring liability to assets at 0.35 while looking for an extended time period.

Readers are usually of view to make a close observation to the indicators that support and make resistance before moving to any particular stock. As of now, the company’s stock is sitting at 16.79 points at 1st support level, the second support level is making up to 16.57. But as of 1st resistance point, this stock is sitting at 17.38 and at 17.75 for 2nd resistance point.

Now if looking for a valuation of this stock’s amount to sales ratio it’s 11.75, it’s amount to book ratio is 2.12 and showing 33.35 of P/E (TTM) ratio.

Insider Stories

Shifting our attention to insider trading activity, during the past six months, there have been 4 insider buys representing 27,611 shares. The most recent insider trade was by Plumb Spencer G, Director, and it was the purchase of 1500.0 shares on Mar 13.