CTRE Stock Summary and Trading Ideas (Caretrust REIT | NYSE:CTRE)

CareTrust REIT Inc is a self-administered, publicly-traded REIT engaged in the ownership, acquisition, financing, development and leasing of skilled nursing, seniors housing and other healthcare-related properties. The Company has one reportable segment consisting of investments in healthcare-related real estate assets. It generates revenues by leasing healthcare-related properties to healthcare operators in triple-net lease arrangements. The Company generate revenues by leasing healthcare-related properties to healthcare operators in triple-net lease arrangements, under which the tenant is solely responsible for the costs related to the property (including property taxes, insurance, maintenance and repair costs and capital expenditures).

Caretrust REIT trades on the NYSE stock market under the symbol CTRE.

As of April 18, 2024, CTRE stock price climbed to $23.74 with 729,701 million shares trading.

CTRE has a beta of 0.64, meaning it tends to be less sensitive to market movements. CTRE has a correlation of 0.15 to the broad based SPY ETF.

CTRE has a market cap of $3.20 billion. This is considered a Mid Cap stock.

In the last 3 years, CTRE stock traded as high as $24.85 and as low as $15.90.

The top ETF exchange traded funds that CTRE belongs to (by Net Assets): IJR, VNQ, VTI, VB, IWM.

CTRE has outperformed the market in the last year with a price return of +26.8% while the SPY ETF gained +22.2%. CTRE has also outperformed the stock market ETF in the last 3 month and 2 week periods returning +11.3% and -1.8%, respectively, while the SPY returned +5.2% and -2.6%, respectively.

CTRE support price is $23.26 and resistance is $23.78 (based on 1 day standard deviation move). This means that using the most recent 20 day stock volatility and applying a one standard deviation move around the stock's closing price, stastically there is a 67% probability that CTRE stock will trade within this expected range on the day.