Caretrust Reit, Inc | CTRE

Daily Technical Analysis of Caretrust Reit, Inc

Caretrust Reit is up a bit on the day, funds flowing in kept the price up 1.50% since yesterday.

The REITs company isn't at an immediate support or resistance level that might be predictive. CTRE hasn't established a very clear directional momentum over the last few months. So it's not clear exactly where it's going. CTRE may hit some resistance around the 19.83 level, more sellers may enter the market here and push price back down. But it's definitely not guaranteed.

Last analyzed on 2024-03-17

Analyst Ratings for Caretrust Reit By Price Target And Rating

The analysts feel fairly neutral on the prospects for CareTrust REIT but a little more positive than negative. The current Analysts Sentiment Score is 17.25. Most companies range between (-200 to 200).

Here's a break down of the latest rating changes. Royal Bank of Canada announced a lowering of their price target to $24.00 from $25.00 on 2024-01-31. On 2024-01-30 Deutsche Bank Aktiengesel started covering CareTrust REIT with a rating of Hold and added a price target of $23.00. KeyCorp provided a price target boost of 13.64% to $25.00 from $22.00 on 2024-01-05. Wells Fargo & Company boosted their price targ by 4.55% to $23.00 on 2023-11-27. Jefferies Financial Group initiated a rating of Buy on 2023-09-20 and provided a price target of $23.00. BMO Capital Markets upgraded from Market Perform to Outperform on 2023-08-16 and also increased their price target by 2.13% to $24.00. On 2023-07-27 Berenberg Bank started covering CareTrust REIT with a rating of Buy and they set their price target at $23.00.

Company	Ratings Score ? Composite analyst sentiment score	Positive Ratings	Negative Ratings	Boost Price Target	Lower Price Target
CTRE	17.25	19.19	0	18.35	-3.06

Earnings Per Share (EPS) Estimates By Year and Quarter

(updated 2024-04-10)

Company	YOY Growth Score (typical -20 to +20)	Revision Directions (-6 to +6)
CTRE	0.00	0.00

Short interest for CareTrust REIT

We take into account several different measures of short interest to create a composite score. These measures are shown in the chart below. Short selling is when investors are betting against a stock. We compile these factors to create a dynamic Short Score - this can indicate poor sentiment, internal problems with a company or industry and the anticipation of future price declines. We look at the short interest percent, days to cover, the rate of change and total shares sold short.

Company	Short Score (typical 1-15) ? We take into account several different measures and attributes of short interest to create a composite sentiment score. typical range (0 - 30)	Short Interest	Days to Cover	Rate of Change	Shares Short
CTRE	3.65	%3.6	4.9	-25.872	3460000

How CareTrust REIT compares to the broader Real Estate sector and the more specific REITs industry

Segment	Count	1 Day%	5 Day	1 Month	3 Month	6 Month	1 Year	RSI	3mo S-momo ? Smooth Momentum is our proprietary technical indicator that looks for momentum with the greatest consistency and steady velocity. We have penalized dramatic swings and fluctuations. If the momentum is too high and an asset spikes upward, this is often unreliable and collapses back down. But the smoothed momentum provides the highest probability of continuing into the near future with the same directional rate of change. Several complex factors are weighted by neural nets to maximize probabilistic accuracy. It works the same with positive or negative directions.	6mo S-momo	1yr S-momo	Resistance ? Support and Resistance levels are determined by previous high and low points. You may be familiar with traders drawing lines across charts where several peaks or valleys occur in the same range. This helps us understand the trading range of an asset where the market doesn't perceive it to be worth more or less than a certain price level. When it nears the boundaries of this range the probability of reversal can increase. Our neural nets create scores for this measure based on many factors such as the frequency, recency, size, consistency, etc of previous reversal points.	Support	Demark Sell ? Demark 9 indicators are designed to look for exhaustion in the selling or buying trend which can often be predictive of a reversal point. This indicator is triggered when there are 9 consecutive days where the closing price is higher/lower than the closing price 4 days ago. Like all indicators, it is best used in combinations with other factors.	Demark Buy	Short Interest	Analysts Ratings ? We track several different measures of analyst sentiment including ratings and price targets. To create a composite Analyst Sentiment Score, we weight several factors such as the recent rate of change which can be more predictive than the absolute level. We also weight each analyst's opinion based on their historic accuracy. We built in a time decay function to ensure that the rating reflects the current sentiment levels. Typical range (-80 to +80)
REITs Show Me Companies With: S-Momentum: Highest \| Lowest At Bottom Support At Top Resistance RSI Highest \| Lowest 1 Day Growth: Highest \| Lowest 5 Day Growth: Highest \| Lowest 1 Month Growth: Highest \| Lowest 6 Month Growth: Highest \| Lowest List All Stocks	138	0.44	0.59	-3.29	-2.93	14.24	4.09	43.34	13.65	7.24	6.96	-11371.15	-5211.49	14.67	4.17	4.84	15.81
Real Estate Show Me Companies With: S-Momentum: Highest \| Lowest At Bottom Support At Top Resistance RSI Highest \| Lowest 1 Day Growth: Highest \| Lowest 5 Day Growth: Highest \| Lowest 1 Month Growth: Highest \| Lowest 6 Month Growth: Highest \| Lowest List All Stocks	158	0.51	0.78	-3.75	-4.37	13.73	3.52	43.40	13.43	6.54	7.18	-12899.15	-5712.78	12.82	4.59	4.86	16.80

Social Sentiment for CareTrust REIT

Social Sentiment is an aggregation of several different factors such as news, articles, blogs, user content, ratings, etc. Which is shown in the chart below. It may become predictive of a reversal if price and the sentiment diverge. Broader market forces may push prices up or down but if market participants maintain a different view on a specific stock, it may be taken as an opportunity to buy or sell in those cases.

Ticker	Social Sentiment(1-10)
CTRE

Companies with the highest correlation to CareTrust REIT

Company	Score	1 Day%	5 Day	1 Month	3 Month	6 Month	1 Year	RSI	3mo S-momo ? Smooth Momentum is our proprietary technical indicator that looks for momentum with the greatest consistency and steady velocity. We have penalized dramatic swings and fluctuations. If the momentum is too high and an asset spikes upward, this is often unreliable and collapses back down. But the smoothed momentum provides the highest probability of continuing into the near future with the same directional rate of change. Several complex factors are weighted by neural nets to maximize probabilistic accuracy. It works the same with positive or negative directions.	6mo S-momo	1yr S-momo	Resistance ? Support and Resistance levels are determined by previous high and low points. You may be familiar with traders drawing lines across charts where several peaks or valleys occur in the same range. This helps us understand the trading range of an asset where the market doesn't perceive it to be worth more or less than a certain price level. When it nears the boundaries of this range the probability of reversal can increase. Our neural nets create scores for this measure based on many factors such as the frequency, recency, size, consistency, etc of previous reversal points.	Support	Demark Sell ? Demark 9 indicators are designed to look for exhaustion in the selling or buying trend which can often be predictive of a reversal point. This indicator is triggered when there are 9 consecutive days where the closing price is higher/lower than the closing price 4 days ago. Like all indicators, it is best used in combinations with other factors.	Short Interest Score
NHI \| National Health Investors	1.12	0.45	0.91	1.85	17.38	24.83	25.63	76	16.64	15.84	14.13	149.06	-11631.80	0	5.34438
MPW \| Medical Properties Trust,	1.11	-1.10	-0.22	0.00	38.34	-12.60	-47.13	53	-16.69	-43.06	-47.74	-48887.98	-1588.56	0	15.8415
OHI \| Omega Healthcare Investor	1.1	0.61	2.74	-2.29	5.32	-7.88	14.47	46	-1.49	-0.51	-2.00	-1462.43	-2169.61	0	9.132
LTC \| LTC Properties, Inc.	1.07	1.18	1.97	0.74	3.46	4.63	-5.13	62	-2.23	-1.43	-4.07	-643.11	-3372.05	100	3.16769
SBRA \| Sabra Healthcare REIT, In	0.99	2.12	2.05	-5.23	3.72	0.36	23.36	68	5.36	16.25	15.84	164.70	-1930.21	0	5.84722
JBGS \| JBG SMITH Properties Comm	0.98	0.27	1.54	-2.32	-6.02	16.30	7.84	33	6.45	13.38	18.87	-15265.95	-305.04	0	9.0106
VTR \| Ventas, Inc.	0.95	1.48	2.02	2.66	-6.84	4.54	-6.66	32	-3.83	-3.72	-4.30	-13914.64	54.88	0	2.73911

Top 3 correlating companies

See full charts for all peers

Research

Estimates

Ratings

Short Interest

Smart Money

Options

Financials

Social

Misc