Pineno Levin & Ford Asset Management Inc. Decreases Stake in Care Capital Properties, Inc. (CCP)

Pineno Levin & Ford Asset Management Inc. decreased its position in Care Capital Properties, Inc. (NYSE:CCP) by 0.3% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 66,495 shares of the financial services provider’s stock after selling 225 shares during the period. Pineno Levin & Ford Asset Management Inc. owned approximately 0.08% of Care Capital Properties worth $1,775,000 at the end of the most recent quarter.

A number of other hedge funds have also recently bought and sold shares of CCP. Amalgamated Bank raised its stake in 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 period. 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 period. Liberty Mutual Group Asset Management Inc. raised its stake in 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 worth $1,018,000 after buying an additional 323 shares during the period. Advantus Capital Management Inc raised its stake in 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 worth $289,000 after buying an additional 328 shares during the period. Finally, Louisiana State Employees Retirement System raised its stake in Care Capital Properties by 1.9% in the first quarter. Louisiana State Employees Retirement System now owns 21,200 shares of the financial services provider’s stock worth $570,000 after buying an additional 400 shares during the period. 88.88% of the stock is currently owned by institutional investors and hedge funds.

Shares of Care Capital Properties, Inc. (NYSE CCP) traded up 1.81% during trading on Friday, hitting $24.21. 10,513,975 shares of the stock were exchanged. The firm has a 50 day moving average of $25.18 and a 200-day moving average of $25.99. Care Capital Properties, Inc. has a 52-week low of $22.70 and a 52-week high of $31.56. The stock has a market cap of $2.04 billion, a PE ratio of 8.37 and a beta of 0.38.

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A number of analysts recently weighed in on the stock. Zacks Investment Research raised shares of Care Capital Properties from a “sell” rating to a “hold” rating in a report on Tuesday, May 9th. BidaskClub raised shares of Care Capital Properties from a “hold” rating to a “buy” rating in a report on Wednesday, June 21st. JMP Securities raised shares of Care Capital Properties from an “underperform” rating to a “market perform” rating in a report on Monday, May 8th. Hilliard Lyons lowered shares of Care Capital Properties from a “buy” rating to a “neutral” rating in a report on Monday, May 8th. Finally, Mizuho reissued a “neutral” rating on shares of Care Capital Properties in a report on Wednesday, June 28th. One equities research analyst has rated the stock with a sell rating, four have issued a hold rating and one has assigned a buy rating to the stock. The stock currently has an average rating of “Hold” and an average price target 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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