Value Investing Philosophy And CareTrust REIT Inc (NYSE: CTRE)?

After Hours

There may be slightly higher risks associated with pre-market and after-hours trading than during regular market hours. Due to the fact that issuers often announce critical financial information outside of regular trading hours, extended-hours trading may result in wider spreads for particular securities. Most recently, Yahoo Finance reported about the stock as it publicized that CareTrust REIT Announces Fourth Quarter & Full Year 2023 Operating Results.

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Stocks Info

As a NYSE listed company, CTRE falls under the Real Estate sector while operating within the REIT – Healthcare Facilities industry segment. At the end of the last regular session, the stock closed at $22.50 and fluctuated between $22.58 as its day high and $20.90 as its day low. The current market capitalization of CareTrust REIT Inc is $2.68B. A total of 2.79 million shares were traded on the day, compared to an average of 1.94 shares.

Aside from predicting where a stock will go, investors also consider insider trades as an indicator of the stock’s future direction. During the recent three months, CTRE has seen 0 BUY and 0 SELL insider trades, representing the acquisition of 0 and the disposition of 0 shares. Over the last 12 months, there were 4 BUYs and 0 SELLs from insiders. Insiders purchased 24,768 shares during that period but sold 0.

Dividend

Investors prefer companies that pay dividends because dividends generate immediate cash flow and indicate a positive outlook. CareTrust REIT Inc pays an annual dividend of $1.14 (5.09%), resulting in a dividend yield of 0.90 (3.99%), and it has a price to earnings (P/E) ratio of 46.40.

In spite of price targets being rarely accurate, it tends to exert some kind influence from time to time, and was often accepted by the market as having some value. According to analysts who have offered 12-month price targets for CTRE in the last 3 months, the mean price target is $24.56 with high estimates of $26.00 and low estimates of $23.00. In terms of 52-week highs and lows, CTRE has a high of $23.49 and a low of $17.66.

As of this writing, CTRE has an earnings estimate of $Coterra Energy Inc. per share for the current quarter. EPS was calculated based on a consensus of CTRU estimates, with a high estimate of $Castor Maritime Inc. per share and a lower estimate of $CareTrust REIT, Inc.

Balance Sheet Annually/Quarterly

The balance sheet of a company shows what assets and liabilities a company has, as well as the amount, equity investors have invested. With the help of this information, a company’s financial ratios can be calculated to give investors an overview of the company’s prospects. CTRE’s latest balance sheet shows that the firm has $19.89M in Cash & Short Term Investments as of fiscal 2021. There were $673.40M in debt and $131.69M in liabilities at the time. Its Book Value Per Share was $10.90, while its Total Shareholder’s Equity was $915.76M.

Analysts Opinion

The risks associated with pre-market and after-hours trading may be slightly higher than the regular market hours. The reason is that extended-hours trading may result in wider spreads for particular security due to lower liquidity and higher volatility as issuers often announce critical financial information outside regular trading hours. Currently, 0 analysts are providing their opinions on the stock. On a scale of 1 to 5, with 1 being Sell and 5 being Buy, the average analyst rating for CTRE is Buy with a score of 4.44.

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