Stocks of CareTrust REIT Inc (NYSE:CTRE) traded higher last session on Wall Street, up 0.55% to $27.36.
CTRE stock price is now -9.13% away from the 50-day moving average and -0.13% away from the 200-day moving average. The market capitalization of the company currently stands at $5.15B.
Top 5 Artificial Intelligence Stocks to Buy for 2024
By now, you're well aware of the artificial intelligence boom. You know Big Tech has been investing billions of dollars into it.
According to Next Move Strategy Consulting, the AI market – currently valued at about $100 billion – cold grow twenty-fold by 2030 to more than $2 trillion. That means you may want to strongly consider these top AI stocks. Get our free report, "Top 5 AI Stocks to Buy in 2024."
Click here to automatically get the our FREE Report & Special Offer "5 Best AI Stocks to Invest In"
Sponsored
With the price target reduced from $34 to $32, BMO Capital Markets Downgraded its rating from Outperform to Market Perform for CareTrust REIT Inc (NYSE: CTRE). On October 01, 2024, Wells Fargo Upgraded its previous ‘Equal Weight’ rating to ‘Overweight’ on the stock increasing its target price from $28 to quote $34, while ‘Wedbush’ rates the stock as ‘Neutral’
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 $7.04 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 0.40% 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 $4713020416, which is based on a 38.42 price-to-earnings ratio, a 1.78 price-to-earnings-growth ratio, and a beta of 1.11. The fifty day moving average price for CTRE is $30.1082 and a two-hundred day moving average price translates $27.39685 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.
