Investors can speculate about the future of a stock by watching how its insiders buy and sell stocks. CareTrust REIT Inc shares valued at $1,043,000 were sold by Wagner William M on Sep 04 ’24. At $29.80 per share, Wagner William M sold 35,000 shares. The insider’s holdings dropped to 257,439 shares worth approximately $7.48 million following the completion of this transaction.
Also, Wagner William M purchased 35,000 shares, netting a total of over 1,044,400 in proceeds.
As published in a research note from Deutsche Bank on March 13, 2025, CareTrust REIT Inc [CTRE] has been rated up from a Hold to a Buy and the price target has been revised to $31. Analysts at Wedbush downgraded the stock from ‘”a Neutral”‘ to ‘”an Underperform”‘ outlook in a report released in early January. As of December 09, 2024, BMO Capital Markets has decreased its “an Outperform” rating to a “Market perform” for CTRE. Earlier on October 01, 2024, Wells Fargo upgraded its rating. Their new recommendation was “an Overweight” for CTRE stock which previously was a “an Equal weight”.
Analyzing CTRE Stock Performance
During the last five days, there has been a surge of approximately 3.23%. Over the course of the year, CareTrust REIT Inc shares have jumped approximately 7.47%. Shares of the company reached a 52-week high of $29.49 on 04/03/25 and a 52-week low of $24.79 on 02/21/25. A 50-day SMA is recorded $27.67, while a 200-day SMA reached $28.49.
Support And Resistance Levels for CareTrust REIT Inc (CTRE)
According to the 24-hour chart, there is a support level at 28.84, which, if violated, would cause prices to drop to 28.62. In the upper region, resistance lies at 29.29. The next price resistance is at 29.51. RSI (Relative Strength Index) is 59.43 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at 0.56, which suggests the price will decrease in the coming days. Percent R is at 15.64%, indicating bullish price movement. Stochastics %K at selling indicates that the stock is to be held.
