Down -6.3% in 4 Weeks, Here's Why CareTrust REIT (CTRE) Looks Ripe for a Turnaround

Group 1 - CareTrust REIT (CTRE) has experienced significant selling pressure, resulting in a 6.3% decline in stock price over the past four weeks, but it is now considered to be in oversold territory with potential for recovery [1] - Wall Street analysts anticipate that CTRE will report better earnings than previously predicted, indicating a potential turnaround for the stock [1][4] - The Relative Strength Index (RSI) for CTRE is currently at 27.84, suggesting that the heavy selling may be exhausting itself and a price reversal could occur soon [3] Group 2 - Over the last 30 days, the consensus earnings per share (EPS) estimate for CTRE has increased by 0.2%, reflecting a positive trend in earnings estimate revisions [4] - CTRE holds a Zacks Rank 2 (Buy), placing it in the top 20% of over 4,000 ranked stocks based on earnings estimate revisions and EPS surprises, further supporting the stock's potential for a near-term turnaround [4]