Caretrust Reit Stock Price on December 31, 2023
| CTRE Stock | USD 24.83 0.05 0.20% |
Below is the normalized historical share price chart for CareTrust REIT extending back to May 29, 2014. This chart has been adjusted for all splits and dividends and is plotted against all major global economic recessions. As of today, the current price of CareTrust REIT stands at 24.83, as last reported on the 16th of May 2024, with the highest price reaching 24.83 and the lowest price hitting 24.83 during the day.
If you're considering investing in CareTrust Stock, it is important to understand the factors that can impact its price. We consider CareTrust REIT very steady. CareTrust REIT secures Sharpe Ratio (or Efficiency) of 0.18, which signifies that the company had a 0.18% return per unit of risk over the last 3 months. We have found twenty-eight technical indicators for CareTrust REIT, which you can use to evaluate the volatility of the firm. Please confirm CareTrust REIT's Mean Deviation of 0.7578, risk adjusted performance of 0.1143, and Downside Deviation of 0.9038 to double-check if the risk estimate we provide is consistent with the expected return of 0.17%.
At present, CareTrust REIT's Sale Purchase Of Stock is projected to decrease significantly based on the last few years of reporting. The current year's Issuance Of Capital Stock is expected to grow to about 666.2 M, whereas Common Stock Total Equity is forecasted to decline to about 846.5 K. . At present, CareTrust REIT's Price Earnings To Growth Ratio is projected to slightly decrease based on the last few years of reporting. The current year's Price To Free Cash Flows Ratio is expected to grow to 17.32, whereas Price Earnings Ratio is forecasted to decline to 41.92. CareTrust Stock price history is provided at the adjusted basis, taking into account all of the recent filings.
IPO Date 29th of May 2014 | 200 Day MA 22.1956 | 50 Day MA 24.1338 | Beta 1.05 |
CareTrust |
Sharpe Ratio = 0.1808
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| Cash | Small Risk | Average Risk | High Risk | Huge Risk |
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Estimated Market Risk
| 0.93 actual daily | 8 92% of assets are more volatile |
Expected Return
| 0.17 actual daily | 3 97% of assets have higher returns |
Risk-Adjusted Return
| 0.18 actual daily | 14 86% of assets perform better |
Based on monthly moving average CareTrust REIT is performing at about 14% of its full potential. If added to a well diversified portfolio the total return can be enhanced and market risk can be reduced. You can increase risk-adjusted return of CareTrust REIT by adding it to a well-diversified portfolio.
Price Book 2.2543 | Enterprise Value Ebitda 23.971 | Price Sales 14.6665 | Shares Float 141.2 M | Dividend Share 1.13 |
CareTrust REIT Valuation on December 31, 2023
It is possible to determine the worth of CareTrust REIT on a given historical date. On December 31, 2023 CareTrust was worth 22.52 at the beginning of the trading date compared to the closed value of 22.11. We use multiple weighted factors in our valuation methodologies to arrive at the intrinsic value of CareTrust REIT stock. Still, in general, we apply an absolute valuation method to find CareTrust REIT's value based on its fundamental and technical indicators available within our service. As compared to an absolute model, our relative valuation model uses a comparative analysis of CareTrust REIT where we calculate exposure to its market risk and evaluate relevant financial multiples and ratios against CareTrust REIT's related companies.
| Open | High | Low | Close | Volume | |
| 22.53 | 22.67 | 22.40 | 22.40 | 627,045 | |
12/29/2023 | 22.52 | 22.64 | 22.11 | 22.11 | 768,544 |
| 22.29 | 22.48 | 22.08 | 22.08 | 908,352 |
| Backtest CareTrust REIT | | | CareTrust REIT History | | | CareTrust REIT Valuation | Previous | Next |
CareTrust REIT Trading Date Momentum on December 31, 2023
| On January 02 2024 CareTrust REIT was traded for 22.08 at the closing time. The top price for the day was 22.48 and the lowest listed price was 22.08 . The trading volume for the day was 908.4 K. The trading history from January 2, 2024 was a factor to the next trading day price decrease. The overall trading delta against the next closing price was 0.14% . The overall trading delta against the current closing price is 1.31% . |
CareTrust REIT Fundamentals Correlations and Trends
By evaluating CareTrust REIT's financials over time, investors can gain insight into future company performance. However, you can also analyze the published financial statements to find patterns among CareTrust REIT's main balance sheet or income statement drivers and many other relevant indicators that can statistically be found significantly correlated or uncorrelated. CareTrust financial account trend analysis is a perfect complement when working with valuation or volatility modules.About CareTrust REIT Stock history
CareTrust REIT investors dedicate a lot of time and effort to gaining insight into how a market's past behavior relates to its future. Access to timely market data for CareTrust is vital when making an investment decision, and regardless of whether you use fundamental or technical analysis, your return on investment in CareTrust REIT will depend on recognizing future opportunities and eliminating past mistakes. Historical data analysis is the study of market behavior over a given time. Recorded market-related data such as price, volatility, and volume can be quantified and studied over a defined period. Through a detailed examination of a market's past behavior, traders and investors can gain perspective on the inner workings of that market. The information obtained throughout analyzing CareTrust REIT stock prices may prove useful in developing a viable investing in CareTrust REIT
| Last Reported | Projected for Next Year | ||
| Common Stock Shares Outstanding | 106.2 M | 66.3 M | |
| Net Loss | -8.6 M | -8.2 M |
CareTrust REIT Stock Technical Analysis
CareTrust REIT technical stock analysis exercises models and trading practices based on price and volume transformations, such as the moving averages, relative strength index, regressions, price and return correlations, business cycles, stock market cycles, or different charting patterns.
Price Boundaries
CareTrust REIT Period Price Range
Low | December 29, 2023
| High |
22.52 | 22.11 |
CareTrust REIT May 16, 2024 Market Strength
Market strength indicators help investors to evaluate how CareTrust REIT stock reacts to ongoing and evolving market conditions. The investors can use it to make informed decisions about market timing, and determine when trading CareTrust REIT shares will generate the highest return on investment. By undertsting and applying CareTrust REIT stock market strength indicators, traders can identify CareTrust REIT entry and exit signals to maximize returns
| Accumulation Distribution | 17991.53 | |||
| Daily Balance Of Power | (0.77) | |||
| Rate Of Daily Change | 0.98 | |||
| Day Median Price | 22.38 | |||
| Day Typical Price | 22.29 | |||
| Price Action Indicator | (0.47) | |||
| Period Momentum Indicator | 2.72 | |||
| Relative Strength Index | 74.74 |
CareTrust REIT Technical and Predictive Indicators
Predictive indicators are helping investors to find signals for CareTrust REIT's price direction in advance. Along with the technical and fundamental analysis of CareTrust Stock historical price patterns, it is also worthwhile for investors to track various predictive indicators of CareTrust to make sure they correctly time the market and exploit it's hidden potentials. Even though most predictive indicators are useful for the short-term horizon, it's virtually impossible to predict the unforeseen market. For traders with a short-term horizon, predictive indicators add value when properly applied. Long-term investors, however, may find many predictive indicators less useful.
| Risk Adjusted Performance | 0.1143 | |||
| Jensen Alpha | 0.1773 | |||
| Total Risk Alpha | 0.0374 | |||
| Sortino Ratio | 0.0939 | |||
| Treynor Ratio | (1.14) |
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| Pattern Recognition | ||
| Price Transform | ||
| Statistic Functions | ||
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| Volume Indicators |
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 tightly coupled 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 Earnings Calls module to check upcoming earnings announcements updated hourly across public exchanges.
Complementary Tools for CareTrust Stock analysis
When running CareTrust REIT's price analysis, check to measure CareTrust REIT's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy CareTrust REIT is operating at the current time. Most of CareTrust REIT's value examination focuses on studying past and present price action to predict the probability of CareTrust REIT's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move CareTrust REIT's price. Additionally, you may evaluate how the addition of CareTrust REIT to your portfolios can decrease your overall portfolio volatility.
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Is CareTrust REIT's industry 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 0.135 | Dividend Share 1.13 | Earnings Share 0.53 | Revenue Per Share 2.013 | Quarterly Revenue Growth 0.246 |
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.
Please note, there is a significant difference between CareTrust REIT's value and its price as these two are different measures arrived at by different 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.