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CTRE
Stock ticker: NYSE
AS OF
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Price
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Capitalization
2B

CTRE CareTrust REIT Forecast, Technical & Fundamental Analysis

a real estate investment trust

Technical Analysis# Of IndicatorsAvg. Odds
   
   
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A.I.Advisor
a Summary for CTRE with price predictions
08:00 PM EDT Oct 02, 2023

CTRE's MACD Histogram just turned positive

The Moving Average Convergence Divergence (MACD) for CTRE turned positive on August 30, 2023. Looking at past instances where CTRE's MACD turned positive, the stock continued to rise in of 42 cases over the following month. The odds of a continued upward trend are .

Price Prediction Chart

Technical Analysis (Indicators)

Bullish Trend Analysis

The Momentum Indicator moved above the 0 level on September 19, 2023. You may want to consider a long position or call options on CTRE as a result. In of 76 past instances where the momentum indicator moved above 0, the stock continued to climb. The odds of a continued upward trend are .

CTRE moved above its 50-day moving average on September 28, 2023 date and that indicates a change from a downward trend to an upward trend.

The 10-day moving average for CTRE crossed bullishly above the 50-day moving average on September 28, 2023. This indicates that the trend has shifted higher and could be considered a buy signal. In of 20 past instances when the 10-day crossed above the 50-day, the stock continued to move higher over the following month. The odds of a continued upward trend are .

Following a 3-day Advance, the price is estimated to grow further. Considering data from situations where CTRE advanced for three days, in of 320 cases, the price rose further within the following month. The odds of a continued upward trend are .

The Aroon Indicator entered an Uptrend today. In of 318 cases where CTRE Aroon's Indicator entered an Uptrend, the price rose further within the following month. The odds of a continued Uptrend are .

Bearish Trend Analysis

The Stochastic Oscillator may be shifting from an upward trend to a downward trend. In of 65 cases where CTRE's Stochastic Oscillator exited the overbought zone, the price fell further within the following month. The odds of a continued downward trend are .

Following a 3-day decline, the stock is projected to fall further. Considering past instances where CTRE declined for three days, the price rose further in of 62 cases within the following month. The odds of a continued downward trend are .

CTRE broke above its upper Bollinger Band on September 28, 2023. This could be a sign that the stock is set to drop as the stock moves back below the upper band and toward the middle band. You may want to consider selling the stock or exploring put options.

Fundamental Analysis (Ratings)

Fear & Greed

The Tickeron Price Growth Rating for this company is (best 1 - 100 worst), indicating steady price growth. CTRE’s price grows at a higher rate over the last 12 months as compared to S&P 500 index constituents.

The Tickeron Profit vs. Risk Rating rating for this company is (best 1 - 100 worst), indicating well-balanced risk and returns. The average Profit vs. Risk Rating rating for the industry is 88, placing this stock slightly better than average.

The Tickeron Seasonality Score of (best 1 - 100 worst) indicates that the company is fair valued in the industry. The Tickeron Seasonality score describes the variance of predictable price changes around the same period every calendar year. These changes can be tied to a specific month, quarter, holiday or vacation period, as well as a meteorological or growing season.

The Tickeron Valuation Rating of (best 1 - 100 worst) indicates that the company is slightly overvalued in the industry. This rating compares market capitalization estimated by our proprietary formula with the current market capitalization. This rating is based on the following metrics, as compared to industry averages: P/B Ratio (2.463) is normal, around the industry mean (1.970). P/E Ratio (57.471) is within average values for comparable stocks, (43.253). Projected Growth (PEG Ratio) (0.000) is also within normal values, averaging (6.370). Dividend Yield (0.055) settles around the average of (0.073) among similar stocks. P/S Ratio (10.471) is also within normal values, averaging (6.118).

The Tickeron SMR rating for this company is (best 1 - 100 worst), indicating weak sales and an unprofitable business model. SMR (Sales, Margin, Return on Equity) rating is based on comparative analysis of weighted Sales, Income Margin and Return on Equity values compared against S&P 500 index constituents. The weighted SMR value is a proprietary formula developed by Tickeron and represents an overall profitability measure for a stock.

The Tickeron PE Growth Rating for this company is (best 1 - 100 worst), pointing to worse than average earnings growth. The PE Growth rating is based on a comparative analysis of stock PE ratio increase over the last 12 months compared against S&P 500 index constituents.

A.I.Advisor
published Highlights

Notable companies

The most notable companies in this group are PROLOGIS (NYSE:PLD), American Tower Corp (NYSE:AMT), Simon Property Group (NYSE:SPG), Annaly Capital Management (NYSE:NLY), Rithm Capital Corp (NYSE:RITM), Tanger Factory Outlet Centers (NYSE:SKT), Innovative Industrial Properties (NYSE:IIPR).

Industry description

A real estate investment trust (REIT) is a company any that owns, and in most cases, operates, income-producing real estate – ranging from office and apartment buildings to warehouses, hospitals, shopping centers, hotels and timberlands. Some REITs are involved in financing real estate. Equity REITs invest in and own properties, while mortgage REITs own and invest in property mortgages. REITs are required by law to pay out at least 90% of their annual taxable income (excluding capital gains) to shareholders in the form of dividends. Some REITs could be more cyclical than others; for example, when an economy is undergoing a recession, hotel REITs could be more vulnerable, compared to say healthcare REIT given that healthcare needs are less likely to depend on economic cycles. American Tower Corporation, Prologis, Inc. and Crown Castle International Corp are some of the biggest REIT companies in the U.S.

Market Cap

The average market capitalization across the Real Estate Investment Trusts Industry is 4.58B. The market cap for tickers in the group ranges from 51.9K to 243.79B. COFRF holds the highest valuation in this group at 243.79B. The lowest valued company is PDNLB at 51.9K.

High and low price notable news

The average weekly price growth across all stocks in the Real Estate Investment Trusts Industry was -2%. For the same Industry, the average monthly price growth was -8%, and the average quarterly price growth was -7%. MRTI experienced the highest price growth at 20%, while PW experienced the biggest fall at -35%.

Volume

The average weekly volume growth across all stocks in the Real Estate Investment Trusts Industry was 13%. For the same stocks of the Industry, the average monthly volume growth was 60% and the average quarterly volume growth was 54%

Fundamental Analysis Ratings

The average fundamental analysis ratings, where 1 is best and 100 is worst, are as follows

Valuation Rating: 50
P/E Growth Rating: 58
Price Growth Rating: 64
SMR Rating: 79
Profit Risk Rating: 87
Seasonality Score: 34 (-100 ... +100)
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Technical Analysis# Of IndicatorsAvg. Odds
   
   
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A.I. Advisor
published Earnings

CTRE is expected to report earnings to fall 2,450.00% to 23 cents per share on November 06

CareTrust REIT CTRE Stock Earnings Reports
Q3'23
Est.
$0.23
Q2'23
Missed
by $0.24
Q1'23
Beat
by $0.11
Q4'22
Beat
by $0.14
Q3'22
Missed
by $0.22
The last earnings report on August 03 showed earnings per share of 0 cents, missing the estimate of 23 cents. With 124.67K shares outstanding, the current market capitalization sits at 2.00B.
A.I.Advisor
published Dividends

CTRE is expected to pay dividends on October 13, 2023

CareTrust REIT CTRE Stock Dividends
A dividend of $0.28 per share will be paid with a record date of October 13, 2023, and an ex-dividend date of September 28, 2023. The last dividend of $0.28 was paid on July 14. Read more...
A.I. Advisor
published General Information

General Information

a real estate investment trust

Industry RealEstateInvestmentTrusts

Profile
Fundamentals
Details
Industry
Real Estate Investment Trusts
Address
905 Calle Amanecer
Phone
+1 949 542-3130
Employees
15
Web
https://www.caretrustreit.com
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CTRE and

Correlation & Price change

A.I.dvisor indicates that over the last year, CTRE has been closely correlated with LTC. These tickers have moved in lockstep 77% of the time. This A.I.-generated data suggests there is a high statistical probability that if CTRE jumps, then LTC could also see price increases.

1D
1W
1M
1Q
6M
1Y
5Y
Ticker /
NAME
Correlation
To CTRE
1D Price
Change %
CTRE100%
-0.70%
LTC - CTRE
77%
Closely correlated
-1.59%
NHI - CTRE
76%
Closely correlated
-0.90%
SBRA - CTRE
74%
Closely correlated
-0.95%
DOC - CTRE
73%
Closely correlated
-1.72%
AKR - CTRE
71%
Closely correlated
-3.71%
More

Groups containing CTRE

Correlation & Price change

1D
1W
1M
1Q
6M
1Y
5Y
Ticker /
NAME
Correlation
To CTRE
1D Price
Change %
CTRE100%
-0.70%
CTRE
(undefined stocks)
82%
Closely correlated
+0.81%
reits
(undefined stocks)
72%
Closely correlated
+0.04%
investment trust
(undefined stocks)
72%
Closely correlated
-0.02%
real estate
(undefined stocks)
71%
Closely correlated
+0.04%
Real Estate Investment Trusts
(undefined stocks)
61%
Loosely correlated
+0.45%
More