Schnieders Capital Management LLC Has $360,000 Stake in Care Capital Properties, Inc. (NYSE:CCP)

Schnieders Capital Management LLC decreased its position in Care Capital Properties, Inc. (NYSE:CCP) by 18.4% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 13,489 shares of the financial services provider’s stock after selling 3,049 shares during the period. Schnieders Capital Management LLC’s holdings in Care Capital Properties were worth $360,000 at the end of the most recent reporting period.

Several other institutional investors also recently modified their holdings of the company. US Bancorp DE increased its position in shares of Care Capital Properties by 2.3% in the second quarter. US Bancorp DE now owns 4,509 shares of the financial services provider’s stock worth $120,000 after buying an additional 103 shares during the period. Cohen Capital Management Inc. bought a new position in shares of Care Capital Properties during the first quarter worth about $149,000. Achmea Investment Management B.V. bought a new position in shares of Care Capital Properties during the first quarter worth about $169,000. Daiwa Securities Group Inc. increased its position in shares of Care Capital Properties by 38.3% in the first quarter. Daiwa Securities Group Inc. now owns 6,505 shares of the financial services provider’s stock worth $175,000 after buying an additional 1,800 shares during the period. Finally, LS Investment Advisors LLC increased its position in shares of Care Capital Properties by 20.5% in the second quarter. LS Investment Advisors LLC now owns 6,873 shares of the financial services provider’s stock worth $184,000 after buying an additional 1,169 shares during the period. Institutional investors own 87.15% of the company’s stock.

Shares of Care Capital Properties, Inc. (CCP) traded down 1.67% on Friday, hitting $23.60. The company had a trading volume of 1,280,007 shares. The firm’s 50 day moving average price is $25.64 and its 200-day moving average price is $26.00. The stock has a market capitalization of $1.98 billion, a PE ratio of 8.16 and a beta of 0.38. Care Capital Properties, Inc. has a 52 week low of $22.70 and a 52 week high of $31.56.

Care Capital Properties (NYSE:CCP) last posted its quarterly earnings results on Tuesday, May 9th. The financial services provider reported $0.68 EPS for the quarter, beating the consensus estimate of $0.42 by $0.26. Care Capital Properties had a net margin of 65.25% and a return on equity of 20.38%. The company had revenue of $82.80 million for the quarter, compared to analyst estimates of $83.32 million. Care Capital Properties’s revenue was down 2.0% on a year-over-year basis. Analysts forecast that Care Capital Properties, Inc. will post $2.05 earnings per share for the current fiscal year.

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Several equities research analysts recently commented on CCP shares. BidaskClub cut Care Capital Properties from a “sell” rating to a “strong sell” rating in a research note on Wednesday, August 2nd. Hilliard Lyons cut Care Capital Properties from a “buy” rating to a “neutral” rating in a research note on Monday, May 8th. Zacks Investment Research raised Care Capital Properties from a “sell” rating to a “hold” rating in a research note on Tuesday, May 9th. Mizuho reaffirmed a “neutral” rating on shares of Care Capital Properties in a research note on Wednesday, June 28th. Finally, JMP Securities raised Care Capital Properties from an “underperform” rating to a “market perform” rating in a research note on Monday, May 8th. One investment analyst has rated the stock with a sell rating, four have assigned a hold rating and one has given a buy rating to the company. Care Capital Properties currently has a consensus rating of “Hold” and a consensus target price of $26.00.

About Care Capital Properties

Care Capital Properties, Inc is a self-administered, self-managed real estate investment trust with a diversified portfolio of skilled nursing facilities (SNFs) and other healthcare assets operated by private regional and local care providers. The Company leases its properties to unaffiliated tenants under long-term triple-net leases, pursuant to which the tenants are obligated to pay all property-related expenses, including maintenance, utilities, repairs and taxes.

Institutional Ownership by Quarter for Care Capital Properties (NYSE:CCP)

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