6-1 Month Momentum % is the total return of the stock from 6-month ago to 1-month ago. As of today (2024-04-27), CareTrust REIT's 6-1 Month Momentum % is 12.45%.
The industry rank for CareTrust REIT's 6-1 Month Momentum % or its related term are showing as below:
CTRE's 6-1 Month Momentum % is ranked better than 67.46% of 842
companies
in the REITs industry
Industry Median: 5.705
vs CTRE: 12.45
Competitive Comparison of CareTrust REIT's 6-1 Month Momentum %
For the REIT - Healthcare Facilities subindustry, CareTrust REIT's 6-1 Month Momentum %, along with its competitors' market caps and 6-1 Month Momentum % data, can be viewed below:
* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.
CareTrust REIT's 6-1 Month Momentum % Distribution in the REITs Industry
For the REITs industry and Real Estate sector, CareTrust REIT's 6-1 Month Momentum % distribution charts can be found below:
* The bar in red indicates where CareTrust REIT's 6-1 Month Momentum % falls into.
* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD. * For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.
Momentum investing is a trading strategy in which investors buy securities that are rising and sell before the prices start to go back down. The 6-1 Month Momentum % measures the total return to a stock over the past six months, but ignores the previous month.
The reason why the most recent month’s return dropped related to the short-term reversal effect associated with momentum. There is an academic finding that short-term momentum actually has a reversal effect, whereby the previous winners (measured over the past months) do poorly the next month, while the previous losers do well the next month. In order to eliminate the short-term reversal effect, the previous month return was not included in this calculation.
CareTrust REIT 6-1 Month Momentum % Related Terms
Thank you for viewing the detailed overview of CareTrust REIT's 6-1 Month Momentum % provided by GuruFocus.com. Please click on the following links to see related term pages.
CareTrust REIT (CareTrust REIT) Business Description
CareTrust REIT Inc is a self-administered, publicly-traded REIT engaged in the ownership, acquisition, financing, development and leasing of skilled nursing, seniors housing and other healthcare-related properties. The Company has one reportable segment consisting of investments in healthcare-related real estate assets. It generates revenues by leasing healthcare-related properties to healthcare operators in triple-net lease arrangements. The Company generate revenues by leasing healthcare-related properties to healthcare operators in triple-net lease arrangements, under which the tenant is solely responsible for the costs related to the property (including property taxes, insurance, maintenance and repair costs and capital expenditures).
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