CareTrust REIT Inc’s recently made public that its CFO and Treasurer Wagner William M unloaded Company’s shares for reported $1.04 million on Sep 04 ’24. In the deal valued at $29.80 per share,35,000 shares were sold. As a result of this transaction, Wagner William M now holds 257,439 shares worth roughly $7.22 million.
Then, Wagner William M bought 35,000 shares, generating $1,044,400 in total proceeds.
Deutsche Bank upgraded its CareTrust REIT Inc [CTRE] rating to a Buy from a a Hold in a research note published recently. A number of analysts have revised their coverage, including Wedbush’s analysts, who decreased its forecast for the stock in early January from “a Neutral” to “an Underperform”. BMO Capital Markets also remained covering CTRE and has decreased its forecast on December 09, 2024 with a “Market perform” recommendation from previously “an Outperform” rating. Wells Fargo revised its rating on October 01, 2024. It rated CTRE as “an Overweight” which previously was an “an Equal weight”.
Price Performance Review of CTRE
On Monday, CareTrust REIT Inc [NYSE:CTRE] saw its stock fall -2.40% to $28.06. Over the last five days, the stock has lost -0.04%. CareTrust REIT Inc shares have risen nearly 3.73% since the year began. Nevertheless, the stocks have risen 19.95% over the past one year. While a 52-week high of $33.15 was reached on 04/03/25, a 52-week low of $23.13 was recorded on 02/21/25. SMA at 50 days reached $27.26, while 200 days put it at $28.38.
Levels Of Support And Resistance For CTRE Stock
The 24-hour chart illustrates a support level at 27.52, which if violated will result in even more drops to 26.99. On the upside, there is a resistance level at 28.70. A further resistance level may holdings at 29.35. The Relative Strength Index (RSI) on the 14-day chart is 51.00, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 0.44, which suggests price will go down in the next trading period. Percent R suggests that price movement has been low at 38.96%. Stochastics %K at 73.57% indicates the stock is a holding.
How much short interest is there in CareTrust REIT Inc?
A steep rise in short interest was recorded in CareTrust REIT Inc stocks on 2025-03-31, growing by 0.3 million shares to a total of 6.25 million shares. Yahoo Finance data shows the prior-month short interest on 2025-02-28 was 5.95 million shares. There was a rise of 4.76%, which implies that there is a positive sentiment for the stock.
The most recent change occurred on May 29, 2024 when Wedbush began covering the stock and recommended ‘”a Neutral”‘ rating along with a $26 price target.
