Caretrust Reit Stock Return On Asset
| CTRE Stock | USD 23.59 0.10 0.42% |
CareTrust REIT fundamentals help investors to digest information that contributes to CareTrust REIT's financial success or failures. It also enables traders to predict the movement of CareTrust Stock. The fundamental analysis module provides a way to measure CareTrust REIT's intrinsic value by examining its available economic and financial indicators, including the cash flow records, the balance sheet account changes, the income statement patterns, and various microeconomic indicators and financial ratios related to CareTrust REIT stock.
As of April 23, 2024, Return On Assets is expected to decline to 0.02. CareTrust | Return On Asset |
CareTrust REIT Company Return On Asset Analysis
CareTrust REIT's Return on Asset or ROA shows how effective is the management of the company in generating income from utilizing all of the assets at their disposal. It is a useful ratio to evaluate the performance of different departments of a company as well as to understand management performance over time.
Current CareTrust REIT Return On Asset | 0.0456 |
Most of CareTrust REIT's fundamental indicators, such as Return On Asset, are part of a valuation analysis module that helps investors searching for stocks that are currently trading at higher or lower prices than their real value. If the real value is higher than the market price, CareTrust REIT is considered to be undervalued, and we provide a buy recommendation. Otherwise, we render a sell signal.
CareTrust Return On Asset Driver Correlations
Understanding the fundamental principles of building solid financial models for CareTrust REIT is extremely important. It helps to project a fair market value of CareTrust Stock properly, considering its historical fundamentals such as Return On Asset. Since CareTrust REIT's main accounts across its financial reports are all linked and dependent on each other, it is essential to analyze all possible correlations between related accounts. However, instead of reviewing all of CareTrust REIT's historical financial statements, investors can examine the correlated drivers to determine its overall health. This can be effectively done using a conventional correlation matrix of CareTrust REIT's interrelated accounts and indicators.
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Return on Asset measures overall efficiency of a company in generating profits from its total assets. It is expressed as the percentage of profits earned per dollar of Asset. A low ROA typically means that a company is asset-intensive and therefore will needs more money to continue generating revenue in the future.
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CareTrust Total Assets
Total Assets |
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Based on the latest financial disclosure, CareTrust REIT has a Return On Asset of 0.0456. This is 90.3% lower than that of the Diversified REITs sector and significantly higher than that of the Real Estate industry. The return on asset for all United States stocks is 132.57% lower than that of the firm.
CareTrust Return On Asset Peer Comparison
Stock peer comparison is one of the most widely used and accepted methods of equity analyses. It analyses CareTrust REIT's direct or indirect competition against its Return On Asset to detect undervalued stocks with similar characteristics or determine the stocks which would be a good addition to a portfolio. Peer analysis of CareTrust REIT could also be used in its relative valuation, which is a method of valuing CareTrust REIT by comparing valuation metrics of similar companies.CareTrust REIT is currently under evaluation in return on asset category among related companies.
CareTrust Fundamentals
| Return On Equity | 0.0474 | ||||
| Return On Asset | 0.0456 | ||||
| Profit Margin | 0.25 % | ||||
| Operating Margin | 0.63 % | ||||
| Current Valuation | 3.39 B | ||||
| Shares Outstanding | 134.99 M | ||||
| Shares Owned By Insiders | 0.72 % | ||||
| Shares Owned By Institutions | 92.18 % | ||||
| Number Of Shares Shorted | 3.9 M | ||||
| Price To Earning | 22.42 X | ||||
| Price To Book | 2.25 X | ||||
| Price To Sales | 14.67 X | ||||
| Revenue | 198.6 M | ||||
| Gross Profit | 182.92 M | ||||
| EBITDA | 186.37 M | ||||
| Net Income | 53.72 M | ||||
| Cash And Equivalents | 30.27 M | ||||
| Cash Per Share | 0.31 X | ||||
| Total Debt | 595.6 M | ||||
| Debt To Equity | 0.95 % | ||||
| Current Ratio | 3.70 X | ||||
| Book Value Per Share | 10.90 X | ||||
| Cash Flow From Operations | 154.77 M | ||||
| Short Ratio | 2.70 X | ||||
| Earnings Per Share | 0.51 X | ||||
| Price To Earnings To Growth | 1.26 X | ||||
| Target Price | 25.25 | ||||
| Number Of Employees | 17 | ||||
| Beta | 1.07 | ||||
| Market Capitalization | 3.2 B | ||||
| Total Asset | 2.08 B | ||||
| Retained Earnings | (467.63 M) | ||||
| Working Capital | 239.33 M | ||||
| Current Asset | 13.81 M | ||||
| Current Liabilities | 16.97 M | ||||
| Annual Yield | 0.05 % | ||||
| Five Year Return | 4.70 % | ||||
| Net Asset | 2.08 B | ||||
| Last Dividend Paid | 1.12 |
About CareTrust REIT Fundamental Analysis
The Macroaxis Fundamental Analysis modules help investors analyze CareTrust REIT's financials across various querterly and yearly statements, indicators and fundamental ratios. We help investors to determine the real value of CareTrust REIT using virtually all public information available. We use both quantitative as well as qualitative analysis to arrive at the intrinsic value of CareTrust REIT based on its fundamental data. In general, a quantitative approach, as applied to this company, focuses on analyzing financial statements comparatively, whereas a qaualitative method uses data that is important to a company's growth but cannot be measured and presented in a numerical way.
Please read more on our fundamental analysis page.
Pair Trading with CareTrust REIT
One of the main advantages of trading using pair correlations is that every trade hedges away some risk. Because there are two separate transactions required, even if CareTrust REIT position performs unexpectedly, the other equity can make up some of the losses. Pair trading also minimizes risk from directional movements in the market. For example, if an entire industry or sector drops because of unexpected headlines, the short position in CareTrust REIT will appreciate offsetting losses from the drop in the long position's value.Moving against CareTrust Stock
| 0.78 | DOUG | Douglas Elliman Financial Report 9th of May 2024 | PairCorr |
| 0.75 | HR | Healthcare Realty Trust Financial Report 14th of May 2024 | PairCorr |
| 0.73 | KW | Kennedy Wilson Holdings Financial Report 1st of May 2024 | PairCorr |
| 0.6 | UE | Urban Edge Properties Financial Report 14th of May 2024 | PairCorr |
| 0.6 | KRG | Kite Realty Group Financial Report 6th of May 2024 | PairCorr |
The ability to find closely correlated positions to CareTrust REIT could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace CareTrust REIT when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back CareTrust REIT - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling CareTrust REIT to buy it.
The correlation of CareTrust REIT is a statistical measure of how it moves in relation to other instruments. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as CareTrust REIT moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if CareTrust REIT moves in either direction, the perfectly negatively correlated security will move in the opposite direction. If the correlation is 0, the equities are not correlated; they are entirely random. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.
Correlation analysis and pair trading evaluation for CareTrust REIT can also be used as hedging techniques within a particular sector or industry or even over random equities to generate a better risk-adjusted return on your portfolios.Check out CareTrust REIT Piotroski F Score and CareTrust REIT Altman Z Score analysis. For information on how to trade CareTrust Stock refer to our How to Trade CareTrust Stock guide.You can also try the Idea Optimizer module to use advanced portfolio builder with pre-computed micro ideas to build optimal portfolio .
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 0.449 | Dividend Share 1.12 | Earnings Share 0.51 | Revenue Per Share 2.055 | Quarterly Revenue Growth 0.153 |
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.