Is CareTrust REIT Stock a Good Investment?
CareTrust REIT Investment Advice | CTRE |
- Examine CareTrust REIT's financial health by looking at its balance sheet, income statement, and cash flow statement. Analyze key financial ratios, such as Price-to-Earnings (P/E), Price-to-Sales (P/S), and Price-to-Book (P/B), to determine whether the stock is fairly valued or over/undervalued.
- Research CareTrust REIT's leadership team and their track record. Good management can help CareTrust REIT navigate difficult times and make strategic decisions that benefit shareholders and increases its net worth.
- Consider the overall health of the Diversified REITs space and any emerging trends that could impact CareTrust REIT's business and its evolving consumer preferences.
- Compare CareTrust REIT's performance and market position to its competitors. Analyze how CareTrust REIT is positioned in terms of product offerings, innovation, and market share.
- Check if CareTrust REIT pays a dividend and its dividend yield and payout ratio.
- Review what financial analysts are saying about CareTrust REIT's stock and their price targets. However, remember that analysts' opinions can vary, and their predictions may not always be accurate.
It's important to note that investing in CareTrust REIT stock, carries risks, and you should carefully consider your investment goals and risk tolerance before making any investment decisions. Also, remember that it's important for investors to have a long-term perspective and a well-diversified portfolio to manage the impact of stock market volatility on their investments. Below is a detailed guide on how to decide if CareTrust REIT is a good investment.
Sell | Buy |
Strong Sell
Market Performance | Modest | Details | |
Volatility | Very steady | Details | |
Hype Condition | Stale | Details | |
Current Valuation | Fairly Valued | Details | |
Odds Of Distress | Low | Details | |
Economic Sensitivity | Barely shadows the market | Details | |
Investor Sentiment | Impartial | Details | |
Analyst Consensus | Strong Buy | Details | |
Financial Leverage | Not Rated | Details | |
Reporting Quality (M-Score) | Unavailable | Details |
Examine CareTrust REIT Stock
Researching CareTrust REIT's stock involves analyzing various aspects of the company and its industry to make an informed investment decision. The key areas to focus on are fundamentals, business model and competitive advantage. It is also important to analyze trends in revenue, net income, and cash flow, as well as key financial ratios, such as price-to-earnings (P/E), price-to-sales (P/S), and debt-to-equity (D/E). About 91.0% of the company shares are held by institutions such as insurance companies. The book value of CareTrust REIT was currently reported as 14.16. The company has Price/Earnings To Growth (PEG) ratio of 1.26. CareTrust REIT last dividend was issued on the 30th of September 2024.
To determine if CareTrust REIT is a good investment, evaluating the company's potential for future growth is also very important. This may include expanding into new markets, launching new products or services, or improving operational efficiency. Companies with strong growth prospects can be more attractive investments. This aspect of the research should be conducted in the context of the overall market and industry in which the company operates and should include an analysis of growth potential, competitive landscape, and any regulatory or economic factors that could impact the business. Some of the essential points regarding CareTrust REIT's research are outlined below:
| Over 91.0% of the company shares are held by institutions such as insurance companies | |
| On 15th of October 2024 CareTrust REIT paid $ 0.29 per share dividend to its current shareholders | |
| Latest headline from MacroaxisInsider: Disposition of 13299 shares by David Sedgwick of CareTrust REIT at 19.81 subject to Rule 16b-3 |
CareTrust REIT Quarterly Cash And Short Term Investments |
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CareTrust REIT uses earnings reports to provide investors with an update of all three financial statements, including the income statement, the balance sheet, and the cash flow statement. Therefore, it is also crucial when considering investing in CareTrust REIT. Every quarterly earnings report provides investors with an overview of sales, expenses, and net income for the most recent period. It also may provide a comparison to CareTrust REIT's previous reporting period. The quarterly earnings reports are usually disseminated to the public via Form 10-Q, which is a legal document filed with the Securities and Exchange Commission every quarter.
| 8th of February 2024 Upcoming Quarterly Report | View | |
| 8th of May 2024 Next Financial Report | View | |
| 31st of December 2023 Next Fiscal Quarter End | View | |
| 8th of February 2024 Next Fiscal Year End | View | |
| 30th of September 2023 Last Quarter Report | View | |
| 31st of December 2022 Last Financial Announcement | View |
Earnings surprises can significantly impact CareTrust REIT's stock price both in the short term and over time. Negative earnings surprises usually result in a price decline. However, it has been seen that positive earnings surprises lead to an immediate rise in a stock's price and a gradual increase over time. This is why we often hear news about some companies beating earning projections. Financial analysts spend a large amount of time predicting earnings per share (EPS) along with other important future indicators. Many analysts use forecasting models, management guidance, and additional fundamental information to derive an EPS estimate. Below are the table of largest EPS Surprises CareTrust REIT's investors have experienced.
| Reported | Fiscal Date | Estimated EPS | Reported EPS | Surprise | |||
|---|---|---|---|---|---|---|---|
2016-05-11 | 2016-03-31 | 0.1 | 0.11 | 0.01 | 10 | ||
2015-08-10 | 2015-06-30 | 0.06 | 0.07 | 0.01 | 16 | ||
2018-05-08 | 2018-03-31 | 0.17 | 0.19 | 0.02 | 11 | ||
2016-02-11 | 2015-12-31 | 0.08 | 0.1 | 0.02 | 25 | ||
2015-05-12 | 2015-03-31 | 0.04 | 0.06 | 0.02 | 50 | ||
2015-02-11 | 2014-12-31 | 0.05 | 0.03 | -0.02 | 40 | ||
2024-05-02 | 2024-03-31 | 0.25 | 0.22 | -0.03 | 12 | ||
2021-11-08 | 2021-09-30 | 0.2 | 0.23 | 0.03 | 15 |
Know CareTrust REIT's Top Institutional Investors
Have you ever been surprised when a price of an equity instrument such as CareTrust REIT is soaring high without any particular reason? This is usually happening because many institutional investors are aggressively trading CareTrust REIT backward and forwards among themselves. CareTrust REIT's institutional investor refers to the entity that pools money to purchase CareTrust REIT's securities or originate loans. Institutional investors include commercial and private banks, credit unions, insurance companies, pension funds, hedge funds, endowments, and mutual funds. Operating companies that invest excess capital in these types of assets may also be included in the term and may influence corporate governance by exercising voting rights in their investments.
| Shares | Bank Of New York Mellon Corp | 2024-06-30 | 2.4 M | Charles Schwab Investment Management Inc | 2024-09-30 | 2.3 M | Prudential Financial Inc | 2024-09-30 | 2.2 M | Alyeska Investment Group, L.p. | 2024-06-30 | 2.2 M | Dimensional Fund Advisors, Inc. | 2024-09-30 | 2.1 M | Two Sigma Advisers, Llc | 2024-06-30 | 1.8 M | Northern Trust Corp | 2024-09-30 | 1.7 M | Grs Advisors, Llc | 2024-09-30 | 1.6 M | William Blair Investment Management, Llc | 2024-09-30 | 1.5 M | Blackrock Inc | 2024-06-30 | 26.9 M | Vanguard Group Inc | 2024-09-30 | 23 M |
CareTrust REIT's market capitalization trends
The company currently falls under 'Mid-Cap' category with a current market capitalization of 5.76 B.Market Cap |
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CareTrust REIT's profitablity analysis
| Last Reported | Projected for Next Year | ||
| Return On Tangible Assets | 0.03 | 0.02 | |
| Return On Capital Employed | 0.09 | 0.05 | |
| Return On Assets | 0.03 | 0.02 | |
| Return On Equity | 0.04 | 0.02 |
Determining CareTrust REIT's profitability involves analyzing its financial statements and using various financial metrics to determine if CareTrust REIT is a good buy. For example, gross profit margin measures CareTrust REIT's profitability after accounting for the cost of goods sold, while net profit margin measures profitability after accounting for all expenses. Other important metrics include return on assets, return on equity, and free cash flow. By reviewing multiple sources and metrics, you can gain a complete picture of CareTrust REIT's profitability and make more informed investment decisions.
Please note, the presentation of CareTrust REIT's financial position, as portrayed in its financial statements, is often influenced by management's estimates, judgments, and sometimes even manipulations. In the best case, CareTrust REIT's management is honest, while the outside auditors are strict and uncompromising. Please utilize our Beneish M Score to check the likelihood of CareTrust REIT's management manipulating its earnings.
Evaluate CareTrust REIT's management efficiency
CareTrust REIT has return on total asset (ROA) of 0.0469 % which means that it generated a profit of $0.0469 on every $100 spent on assets. This is way below average. Similarly, it shows a return on stockholder's equity (ROE) of 0.0559 %, meaning that it created $0.0559 on every $100 dollars invested by stockholders. CareTrust REIT's management efficiency ratios could be used to measure how well CareTrust REIT manages its routine affairs as well as how well it operates its assets and liabilities. As of November 22, 2024, Return On Tangible Assets is expected to decline to 0.02. In addition to that, Return On Capital Employed is expected to decline to 0.05. At present, CareTrust REIT's Other Current Assets are projected to increase significantly based on the last few years of reporting. The current year's Total Current Assets is expected to grow to about 334 M, whereas Non Current Assets Total are forecasted to decline to about 1.3 B.| Last Reported | Projected for Next Year | ||
| Book Value Per Share | 13.39 | 6.99 | |
| Tangible Book Value Per Share | 13.34 | 6.98 | |
| Enterprise Value Over EBITDA | 12.42 | 19.84 | |
| Price Book Value Ratio | 1.67 | 2.29 | |
| Enterprise Value Multiple | 12.42 | 19.84 | |
| Price Fair Value | 1.67 | 2.29 | |
| Enterprise Value | 550.6 M | 439.4 M |
The strategic initiatives led by CareTrust REIT's management are central to its market success. By analyzing these initiatives, we provide a clear picture of the stock's growth prospects.
Dividend Yield 0.0377 | Forward Dividend Yield 0.0377 | Forward Dividend Rate 1.16 | Beta 1.117 |
Basic technical analysis of CareTrust Stock
As of the 22nd of November, CareTrust REIT shows the Mean Deviation of 0.9872, downside deviation of 1.39, and Risk Adjusted Performance of 0.0755. CareTrust REIT technical analysis gives you the methodology to make use of historical prices and volume patterns to determine a pattern that approximates the direction of the firm's future prices. Please confirm CareTrust REIT treynor ratio, as well as the relationship between the downside variance and kurtosis to decide if CareTrust REIT is priced correctly, providing market reflects its regular price of 30.3 per share. Given that CareTrust REIT has jensen alpha of 0.1534, we suggest you to validate CareTrust REIT's prevailing market performance to make sure the company can sustain itself at a future point.CareTrust REIT's insider trading activities
Some recent studies suggest that insider trading raises the cost of capital for securities issuers and decreases overall economic growth. Trading by specific CareTrust REIT insiders, such as employees or executives, is commonly permitted as long as it does not rely on CareTrust REIT's material information that is not in the public domain. Local jurisdictions usually require such trading to be reported in order to monitor insider transactions. In many U.S. states, trading conducted by corporate officers, key employees, directors, or significant shareholders must be reported to the regulator or publicly disclosed, usually within a few business days of the trade. In these cases CareTrust REIT insiders are required to file a Form 4 with the U.S. Securities and Exchange Commission (SEC) when buying or selling shares of their own companies.
CareTrust REIT's Outstanding Corporate Bonds
CareTrust REIT issues bonds to finance its operations. Corporate bonds make up one of the largest components of the U.S. bond market, which is considered the world's largest securities market. CareTrust REIT uses the proceeds from bond sales for a wide variety of purposes, including financing ongoing mergers and acquisitions, buying new equipment, investing in research and development, buying back their own stock, paying dividends to shareholders, and even refinancing existing debt. Most CareTrust bonds can be classified according to their maturity, which is the date when CareTrust REIT has to pay back the principal to investors. Maturities can be short-term, medium-term, or long-term (more than ten years). Longer-term bonds usually offer higher interest rates but may entail additional risks.
| US141781BF09 Corp BondUS141781BF09 | View | |
| CARGIL 75 02 FEB 26 Corp BondUS141781BN33 | View | |
| CARGIL 3125 25 MAY 51 Corp BondUS141781BR47 | View | |
| CARGIL 17 02 FEB 31 Corp BondUS141781BQ63 | View | |
| US141781BK93 Corp BondUS141781BK93 | View | |
| US141781BJ21 Corp BondUS141781BJ21 | View | |
| US141781BM59 Corp BondUS141781BM59 | View | |
| Boeing Co 2196 Corp BondUS097023DG73 | View |
Understand CareTrust REIT's technical and predictive indicators
Using predictive indicators to make investment decisions involves analyzing CareTrust REIT's various financial and market-based factors to help forecast future trends and identify investment opportunities. Select the indicators that are most relevant to your investment strategy. Each indicator has its own strengths and weaknesses, so it's essential to combine multiple indicators to get a more comprehensive view of the market and reduce the risk of making poor decisions based on limited data.
| Risk Adjusted Performance | 0.0755 | |||
| Market Risk Adjusted Performance | (0.30) | |||
| Mean Deviation | 0.9872 | |||
| Semi Deviation | 1.26 | |||
| Downside Deviation | 1.39 | |||
| Coefficient Of Variation | 1071.88 | |||
| Standard Deviation | 1.36 | |||
| Variance | 1.84 | |||
| Information Ratio | 0.0125 | |||
| Jensen Alpha | 0.1534 | |||
| Total Risk Alpha | (0.06) | |||
| Sortino Ratio | 0.0122 | |||
| Treynor Ratio | (0.31) | |||
| Maximum Drawdown | 7.2 | |||
| Value At Risk | (1.45) | |||
| Potential Upside | 2.06 | |||
| Downside Variance | 1.95 | |||
| Semi Variance | 1.58 | |||
| Expected Short fall | (1.08) | |||
| Skewness | (0.45) | |||
| Kurtosis | 2.57 |
| Risk Adjusted Performance | 0.0755 | |||
| Market Risk Adjusted Performance | (0.30) | |||
| Mean Deviation | 0.9872 | |||
| Semi Deviation | 1.26 | |||
| Downside Deviation | 1.39 | |||
| Coefficient Of Variation | 1071.88 | |||
| Standard Deviation | 1.36 | |||
| Variance | 1.84 | |||
| Information Ratio | 0.0125 | |||
| Jensen Alpha | 0.1534 | |||
| Total Risk Alpha | (0.06) | |||
| Sortino Ratio | 0.0122 | |||
| Treynor Ratio | (0.31) | |||
| Maximum Drawdown | 7.2 | |||
| Value At Risk | (1.45) | |||
| Potential Upside | 2.06 | |||
| Downside Variance | 1.95 | |||
| Semi Variance | 1.58 | |||
| Expected Short fall | (1.08) | |||
| Skewness | (0.45) | |||
| Kurtosis | 2.57 |
Consider CareTrust REIT's intraday indicators
CareTrust REIT intraday indicators are useful technical analysis tools used by many experienced traders. Just like the conventional technical analysis, daily indicators help intraday investors to analyze the price movement with the timing of CareTrust REIT stock daily movement. By combining multiple daily indicators into a single trading strategy, you can limit your risk while still earning strong returns on your managed positions.
| Accumulation Distribution | 73649.81 | |||
| Daily Balance Of Power | (0.39) | |||
| Rate Of Daily Change | 0.99 | |||
| Day Median Price | 30.55 | |||
| Day Typical Price | 30.47 | |||
| Price Action Indicator | (0.47) | |||
| Period Momentum Indicator | (0.44) |
CareTrust REIT Corporate Filings
13A | 8th of November 2024 An amended filing to the original Schedule 13G | ViewVerify |
8K | 1st of November 2024 Report filed with the SEC to announce major events that shareholders should know about | ViewVerify |
| 31st of October 2024 Other Reports | ViewVerify | |
10Q | 29th of October 2024 Quarterly performance report mandated by Securities and Exchange Commission (SEC), to be filed by publicly traded corporations | ViewVerify |
CareTrust Stock media impact
Far too much social signal, news, headlines, and media speculation about CareTrust REIT that are available to investors today. That information is available publicly through CareTrust media outlets and privately through word of mouth or via CareTrust internal channels. However, regardless of the origin, that massive amount of CareTrust data is challenging to quantify into actionable patterns, especially for investors that are not very sophisticated with ever-evolving tools and techniques used in the investment management field.
A primary focus of CareTrust REIT news analysis is to determine if its current price reflects all relevant headlines and social signals impacting the current market conditions. A news analyst typically looks at the history of CareTrust REIT relative headlines and hype rather than examining external drivers such as technical or fundamental data. It is believed that price action tends to repeat itself due to investors' collective, patterned thinking related to CareTrust REIT's headlines and news coverage data. This data is often completely overlooked or insufficiently analyzed for actionable insights to drive CareTrust REIT alpha.
CareTrust REIT Sentiment by Major News Outlets
Investor sentiment, mood or attitude towards CareTrust REIT can have a significant impact on its stock price or the market as a whole. This sentiment can be positive or negative, and various factors, such as economic indicators, news events, or market trends, can influence it. When investor sentiment is positive, investors are more likely to buy stocks, increasing demand and increasing the stock price. Positive investor sentiment can be driven by good news about the company or the broader market, such as solid earnings reports or positive economic data.
Note that negative investor sentiment can cause investors to sell stocks, leading to a decrease in demand and a drop in the stock price. Negative sentiment can be driven by factors such as poor earnings reports, negative news about the company or industry, or broader economic concerns. It's important to note that investor sentiment is just one of many factors that can affect stock prices. Other factors, such as company performance, industry trends, and global economic conditions, can also play a significant role in determining the value of a stock.
CareTrust REIT Corporate Management
| David Sedgwick | VP of Operations | Profile | |
| Mark Lamb | Chief Investment Officer | Profile | |
| James Callister | Chief Secretary | Profile | |
| Eric Gillis | Director Management | Profile | |
| Lauren Beale | Senior Controller | Profile |
Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in CareTrust REIT. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in metropolitan statistical area. For information on how to trade CareTrust Stock refer to our How to Trade CareTrust Stock guide.You can also try the Sign In To Macroaxis module to sign in to explore Macroaxis' wealth optimization platform and fintech modules.
Is Diversified REITs space expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of CareTrust REIT. If investors know CareTrust will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about CareTrust REIT listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Quarterly Earnings Growth 1.614 | Dividend Share 1.15 | Earnings Share 0.73 | Revenue Per Share 1.926 | Quarterly Revenue Growth 0.385 |
The market value of CareTrust REIT is measured differently than its book value, which is the value of CareTrust that is recorded on the company's balance sheet. Investors also form their own opinion of CareTrust REIT's value that differs from its market value or its book value, called intrinsic value, which is CareTrust REIT's true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because CareTrust REIT's market value can be influenced by many factors that don't directly affect CareTrust REIT's underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
In summary, please note that there is a difference between CareTrust REIT's value and its price, as these two are different measures arrived at by various means. Investors typically determine if CareTrust REIT is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, CareTrust REIT's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.