Is CareTrust REIT Inc (NYSE: CTRE) The Best Stock To Invest In?

After Hours

It may be riskier to trade before market opening and after market closing than during regular market hours. Since issuers often announce critical financial information outside regular trading hours. Extended-hours trading may result in wider spreads for particular securities due to lower liquidity and higher volatility.

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Stocks Info

CareTrust REIT Inc is listed on the NYSE in the Real Estate sector while operating in the REIT – Healthcare Facilities industry. The current market capitalization of CareTrust REIT Inc is $5.74B. A total of 0.75 million shares were traded on the day, compared to an average of 1.95M shares.

In the most recent transaction, Wagner William M sold 35,000 shares of CTRE for 29.80 per share on Sep 04 ’24. After the transaction, the CFO and Treasurer now owns 257,439 company shares. In a previous transaction on Sep 04 ’24, Wagner William M bought 35,000 shares at 29.84 per share.

Dividend

The reasons why investors prefer dividend-paying companies are that dividends generate immediate cash flow and indicate that the company will perform well in the future. CareTrust REIT Inc pays an annual dividend of $1.15, resulting in a dividend yield of 3.75%, and it has a price to earnings (P/E) ratio of 43.06.

Despite rarely being accurate, price targets can exert some form of influence at times, and are often regarded as valuable by markets. In terms of 52-week highs and lows, CTRE has a high of $33.15 and a low of $20.10.

Balance Sheet Annually/Quarterly

As well as showing the assets and liabilities of the company, the balance sheet also shows the amount invested in equity by investors. Investors can analyze a company’s future prospects by calculating its financial ratios based on this information. CTRE’s latest balance sheet shows that the firm has $19.89M in Cash & Short Term Investments as of fiscal 2021. There were $673.40M in debt and $131.69M in liabilities at the time. Its Book Value Per Share was $14.15, while its Total Shareholder’s Equity was $915.76M.

Analysts Opinion

After-hours and pre-market trading may carry slightly higher risks than regular market hours. As issuers often announce important financial information outside regular trading hours, extended-hours trading may result in wider spreads for a particular security. That is because extended-hours trading may result in lower liquidity and higher volatility. Currently, 0 analysts are providing their opinions on the stock. On a scale of 1 to 5, with 1 being Sell and 5 being Buy, the average analyst rating for CTRE is Buy with a score of 4.44.

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