BidaskClub downgraded shares of Care Capital Properties, Inc. (NYSE:CCP) from a sell rating to a strong sell rating in a research note issued to investors on Wednesday, August 2nd.
A number of other analysts have also recently issued reports on the company. Zacks Investment Research raised Care Capital Properties from a sell rating to a hold rating in a report on Tuesday, May 9th. JMP Securities raised Care Capital Properties from an underperform rating to a market perform rating in a report on Monday, May 8th. Hilliard Lyons cut Care Capital Properties from a buy rating to a neutral rating in a report on Monday, May 8th. Finally, Mizuho reiterated a neutral rating on shares of Care Capital Properties in a research report on Wednesday, June 28th. One analyst has rated the stock with a sell rating, four have given a hold rating and one has assigned a buy rating to the stock. Care Capital Properties presently has a consensus rating of Hold and an average price target of $26.00.
Shares of Care Capital Properties (NYSE CCP) opened at 23.60 on Wednesday. The firm has a 50-day moving average of $25.54 and a 200 day moving average of $25.99. The company has a market cap of $1.98 billion, a price-to-earnings ratio of 8.16 and a beta of 0.38. Care Capital Properties has a one year low of $22.70 and a one year high of $31.56.
Care Capital Properties (NYSE:CCP) last issued its quarterly earnings results on Tuesday, May 9th. The financial services provider reported $0.68 EPS for the quarter, beating analysts’ consensus estimates of $0.42 by $0.26. Care Capital Properties had a return on equity of 20.38% and a net margin of 65.25%. The firm had revenue of $82.80 million for the quarter, compared to analysts’ expectations of $83.32 million. The business’s quarterly revenue was down 2.0% compared to the same quarter last year. Equities research analysts anticipate that Care Capital Properties will post $2.05 EPS for the current year.
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Several hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Amalgamated Bank boosted its position in shares of Care Capital Properties by 0.5% in the first quarter. Amalgamated Bank now owns 13,313 shares of the financial services provider’s stock worth $358,000 after buying an additional 65 shares during the last quarter. US Bancorp DE raised its stake in 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 last quarter. Teachers Retirement System of The State of Kentucky raised its stake in Care Capital Properties by 1.1% in the second quarter. Teachers Retirement System of The State of Kentucky now owns 18,629 shares of the financial services provider’s stock worth $497,000 after buying an additional 200 shares during the last quarter. Liberty Mutual Group Asset Management Inc. raised its stake in shares of Care Capital Properties by 0.9% in the first quarter. Liberty Mutual Group Asset Management Inc. now owns 37,869 shares of the financial services provider’s stock valued at $1,018,000 after buying an additional 323 shares during the last quarter. Finally, Advantus Capital Management Inc raised its stake in shares of Care Capital Properties by 3.1% in the first quarter. Advantus Capital Management Inc now owns 10,762 shares of the financial services provider’s stock valued at $289,000 after buying an additional 328 shares during the last quarter. Institutional investors own 87.15% of the company’s stock.
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.
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