Schnieders Capital Management LLC Sells 3,049 Shares of Care Capital Properties, Inc. (NYSE:CCP)

Schnieders Capital Management LLC decreased its stake 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 (SEC). 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.

A number of other institutional investors also recently modified their holdings of CCP. Amalgamated Bank raised 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 valued at $358,000 after buying an additional 65 shares during the period. US Bancorp DE raised 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 valued at $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 valued at $1,018,000 after buying an additional 323 shares during the last quarter. 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 valued at $289,000 after buying an additional 328 shares during the last quarter. 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 valued at $570,000 after buying an additional 400 shares during the last quarter. 88.88% of the stock is owned by hedge funds and other institutional investors.

Care Capital Properties, Inc. (NYSE CCP) traded up 1.81% on Friday, reaching $24.21. 10,513,975 shares of the company’s stock were exchanged. The firm has a 50 day moving average of $25.11 and a 200 day moving average of $25.99. Care Capital Properties, Inc. has a 12 month low of $22.70 and a 12 month high of $31.56. The stock has a market capitalization of $2.04 billion, a PE ratio of 8.37 and a beta of 0.38.

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