William Wagner, the Chief Financial Officer and Treasurer of CareTrust REIT Inc (CTRE, Financial), executed a sale of 35,000 shares of the company on September 4, 2024. The transaction was filed with the SEC and can be viewed in detail through the SEC Filing. Following this transaction, the insider now owns 257,439 shares of the company.
CareTrust REIT Inc is a real estate investment trust that invests in healthcare and senior housing facilities, focusing on skilled nursing, assisted living, and independent living facilities. The company aims to leverage its expertise to acquire and manage a portfolio of healthcare-related properties through lease, mortgage, and other types of investments.
Over the past year, the insider has sold a total of 35,000 shares and has not made any purchases. This recent sale is the only insider sell recorded for the company over the past year.
On the day of the sale, shares of CareTrust REIT Inc were priced at $29.8. This pricing positions the company with a market cap of approximately $4.615 billion. The price-earnings ratio of the stock stands at 50.56, which is significantly higher than both the industry median of 17.05 and the company's historical median.
According to the GF Value, the intrinsic value of CareTrust REIT Inc is estimated at $17.50 per share, making the stock significantly overvalued with a price-to-GF-Value ratio of 1.7.
The GF Value is calculated based on historical trading multiples such as the price-earnings ratio, price-sales ratio, price-book ratio, and price-to-free cash flow, adjusted for the company's past performance and estimated future business outcomes.
This sale by the insider may be of interest to current and potential investors, providing insight into insider confidence and valuation perspectives at current price levels.
This article, generated by GuruFocus, is designed to provide general insights and is not tailored financial advice. Our commentary is rooted in historical data and analyst projections, utilizing an impartial methodology, and is not intended to serve as specific investment guidance. It does not formulate a recommendation to purchase or divest any stock and does not consider individual investment objectives or financial circumstances. Our objective is to deliver long-term, fundamental data-driven analysis. Be aware that our analysis might not incorporate the most recent, price-sensitive company announcements or qualitative information. GuruFocus holds no position in the stocks mentioned herein.
