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CareTrust REIT (CTRE)
NYSE:CTRE
CareTrust REIT (CTRE) Stock Price & Analysis
513 Followers
CTRE Stock Chart & Stats
Day’s Range$0 - $0
52-Week Range$18.48 - $27.11
Previous Close$27.03
Volume1.65M
Average Volume (3M)1.34M
Market Cap
$3.84B
Enterprise Value$4.14B
Total Cash (Recent Filing)$294.45M
Total Debt (Recent Filing)$595.60M
Price to Earnings (P/E)53.3
Beta0.78
Next Earnings
Aug 01, 2024EPS Estimate
$0.26Last Dividend Ex-Date
Jun 28, 2024Dividend Yield4.31%
Share Statistics
EPS (TTM)0.51
Shares Outstanding142,064,269
10 Day Avg. Volume1,943,640
30 Day Avg. Volume1,337,053
Standard Deviation0.09
R-Squared0.43
Alpha-0.00415
Financial Highlights & Ratios
Price to Book (P/B)2.51
Price to Sales (P/S)17.81
Price to Cash Flow (P/CF)20.70
P/FCF Ratio18.00
Enterprise Value/Market CapN/A
Enterprise Value/Revenue20.38
Enterprise Value/Gross Profit21.92
Enterprise Value/Ebitda28.06
Forecast
1Y Price Target
$26.71Price Target Upside-0.96% Downside
Rating ConsensusModerate Buy
Number of Analyst Covering8
CareTrust REIT News
PremiumCompany Announcements
CareTrust REIT Updates Investor Presentation Online
PremiumCompany Announcements
CareTrust REIT Publishes Q1 2024 Supplemental FinancialsBulls Say, Bears Say
Bulls Say
Acquisition OutlookGiven the much improved acquisition outlook, the price target is raised to $27 from $23.
LiquidityCTRE's current liquidity (~$1.0B) is supportive of executing additional deals.
Management ConfidenceManagement has a high degree of confidence that the reported deals will be closed over the next 12 months.
Bears Say
EarningsA material amount of these deals fall through or closing get delayed, earnings growth will lag.
GuidanceCTRE actually reduced its outlook for 2024 AFFO/sh to between $1.46 and $1.48 after issuing 28.7M shares since 4Q23, making the company overly-equitized.
Tenant RiskPotential tenant credit risk given that a handful of Top 10 tenants still have weak (and in some cases worsening) rent coverage.
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Ownership Overview
1.45% Insiders
28.66% Mutual Funds
30.59% Other Institutional Investors
39.30% Public Companies and
Individual Investors
Risk Analysis
Main Risk Category
Finance & CorporateFinancial and accounting risks. Risks related to the execution of corporate activity and strategy
Website Traffic
Sorry, No Data AvailableThere is no website visitor data available for this stock.
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CTRE FAQ
What was CareTrust REIT’s price range in the past 12 months?
CareTrust REIT lowest stock price was $18.48 and its highest was $27.11 in the past 12 months.
What is CareTrust REIT’s market cap?
Currently, no data Available
When is CareTrust REIT’s upcoming earnings report date?
CareTrust REIT’s upcoming earnings report date is Aug 01, 2024 which is in 14 days.
How were CareTrust REIT’s earnings last quarter?
CareTrust REIT released its earnings results on May 02, 2024. The company reported $0.22 earnings per share for the quarter, missing the consensus estimate of $0.25 by -$0.03.
Is CareTrust REIT overvalued?
According to Wall Street analysts CareTrust REIT’s price is currently Overvalued.
Does CareTrust REIT pay dividends?
CareTrust REIT pays a Quarterly dividend of $0.29 which represents an annual dividend yield of 4.31%. See more information on CareTrust REIT dividends here
What is CareTrust REIT’s EPS estimate?
CareTrust REIT’s EPS estimate is $0.26.
How many shares outstanding does CareTrust REIT have?
CareTrust REIT has 142,064,270 shares outstanding.
What happened to CareTrust REIT’s price movement after its last earnings report?
CareTrust REIT reported an EPS of $0.22 in its last earnings report, missing expectations of $0.25. Following the earnings report the stock price went down -1.359%.
Which hedge fund is a major shareholder of CareTrust REIT?
Among the largest hedge funds holding CareTrust REIT’s share is AEW Capital Management, L.P.. It holds CareTrust REIT’s shares valued at 13M.
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CareTrust REIT Stock Smart Score
Unlock Smart Score
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Analyst Consensus
Moderate Buy
Average Price Target:
$26.71 (-0.96% Downside)
$26.71 (-0.96% Downside)
Blogger Sentiment
Bullish
CTRE Sentiment 100%
Sector Average 67%
Sector Average 67%
Hedge Fund Trend
Increased
By 487.6K Shares
Last Quarter.
Last Quarter.
Crowd Wisdom
Negative
Last 7 Days ▼ 1.7%
Last 30 Days >0.1%
Last 30 Days >0.1%
Technicals
SMA
Positive
20 days / 200 days
Momentum
40.53%
12-Months-Change
Fundamentals
Return on Equity
5.00%
Trailing 12-Months
Asset Growth
44.77%
Trailing 12-Months
Company Description
CareTrust REIT
CareTrust REIT, Inc. operates as real estate investment company, which engages in the ownership, acquisition, and leasing of healthcare-related properties. It offers independent living, memory care, and assisted, and skilled nursing facilities. The company was founded on October 29, 2013 and is headquartered in San Clemente, CA.
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CTRE Company Deck
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CTRE Earnings Call
Q1 2024
0:00 / 0:00
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CTRE Stock 12 Month Forecast
Average Price Target
$26.71
▼(-0.96% Downside)
Technical Analysis
Best Analysts Covering CTRE
1 Year
1 Year Success Rate
7/8 ratings generated profit
1 Year Average Return
+16.39%
reiterated a buy rating 2 months ago
Copying Michael Carroll's trades and holding each position for 1 Year would result in 87.50% of your transactions generating a profit, with an average return of +16.39% per trade.
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