CareTrust REIT (NASDAQ:CTRE) : Traders are bullish on CareTrust REIT (NASDAQ:CTRE) as it has outperformed the S&P 500 by a wide margin of 1.81% in the past 4 weeks. The bullishness in the stock continues even in the near-term as the stock has returned an impressive 1.49%, relative to the S&P 500. The stock has continued its bullish performance both in the near-term and the medium-term, as the stock is up 2.79% in the last 1 week, and is up 3.45% in the past 4 weeks. Buying continues as the stock moves higher, suggesting a strong appetite for the stock.
The company shares have rallied 7.39% from its 1 Year high price. On Jul 7, 2016, the shares registered one year high at $14.59 and the one year low was seen on Feb 11, 2016. The 50-Day Moving Average price is $13.59 and the 200 Day Moving Average price is recorded at $12.19.
The stock has recorded a 20-day Moving Average of 4.97% and the 50-Day Moving Average is 7.01%.
CareTrust REIT (NASDAQ:CTRE): stock turned positive on Friday. Though the stock opened at $14.2, the bulls momentum made the stock top out at $14.41 level for the day. The stock recorded a low of $14.19 and closed the trading day at $14.38, in the green by 1.27%. The total traded volume for the day was 694,949. The stock had closed at $14.2 in the previous days trading.
In an insider trading activity, Sabin Gary B, director of Caretrust Reit, Inc., executed a transaction worth $205,000 on November 16, 2015. A total of 20,000 shares were purchased at an average price of $10.25. The Insider information was divulged by the Securities and Exchange Commission in a Form 4 filing. The information is based on open market trades at the market prices.Option exercises are not covered.
CareTrust REIT, Inc. (CareTrust) is a self-administered, self-managed real estate investment trust (REIT). The Company is engaged in the ownership, acquisition and leasing of healthcare-related properties. The Company operates through an umbrella partnership, in which all of the Companys properties and assets are held through CTR Partnership, L.P. (the Operating Partnership). The Operating Partnership is managed by CareTrusts wholly owned subsidiary, CareTrust GP, LLC, which is the sole general partner of the Operating Partnership. The Companys portfolio consists of Skilled Nursing Facilities (SNF), Assisted Living Facilities (ALF) and Independent Living Facilities (ILF). The Companys portfolio of SNFs, ALFs and ILFs are diversified by geographic location throughout the western United States, with concentrations in Texas and California.