The price of CareTrust REIT Inc (NYSE:CTRE) shares last traded on Wall Street fell -0.92% to $32.37.
CTRE stock price is now 5.86% away from the 50-day moving average and 23.87% away from the 200-day moving average. The market capitalization of the company currently stands at $5.94B.
With the price target enhanced from $28 to $34, Wells Fargo Upgraded its rating from Equal Weight to Overweight for CareTrust REIT Inc (NYSE: CTRE). On May 29, 2024, Wedbush recently initiated its ‘Neutral’ rating on the stock quoting a target price of $26, while ‘Deutsche Bank’ rates the stock as ‘Hold’
In other news, Wagner William M, CFO and Treasurer sold 35,000 shares of the company’s stock on Sep 04 ’24. The stock was sold for $1,043,000 at an average price of $29.80. Upon completion of the transaction, the CFO and Treasurer now directly owns 257,439 shares in the company, valued at $8.33 million. An SEC document containing details of the transaction can be found on the SEC’s website. On Sep 04 ’24, Officer Wagner William M bought 35,000 shares of the business’s stock. A total of $1,044,400 was incurred on buying the stock at an average price of $29.84. A total of 0.50% of the company’s stock is owned by insiders.
During the past 12 months, CareTrust REIT Inc has had a low of $20.10 and a high of $33.15. According to the stock market information, the enterprise value for the company is $5571985920, which is based on a 45.46 price-to-earnings ratio, a 1.45 price-to-earnings-growth ratio, and a beta of 1.11. The fifty day moving average price for CTRE is $30.5768 and a two-hundred day moving average price translates $26.13145 for the stock.
The latest earnings results from CareTrust REIT Inc (NYSE: CTRE) was released for 2024-09-30. The net profit margin was 36.73% and return on equity was 5.60% for CTRE. The company reported revenue of $77.38 million for the quarter, compared to $55.88 million a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue rose 38.48 percent.
