Care Capital Properties Inc. (CCP) Stock Price Up 1.8%
Care Capital Properties Inc. (NYSE:CCP) shares rose 1.8% during mid-day trading on Tuesday . The stock traded as high as $28.90 and last traded at $28.88, with a volume of 505,992 shares. The stock had previously closed at $28.38.
CCP has been the subject of several research analyst reports. Mizuho upgraded Care Capital Properties from a “neutral” rating to a “buy” rating and increased their price objective for the stock from $27.00 to $32.00 in a research report on Monday. Zacks Investment Research upgraded Care Capital Properties from a “sell” rating to a “hold” rating in a research report on Tuesday, June 14th.
The firm has a market capitalization of $2.43 billion and a PE ratio of 17.81. The stock has a 50-day moving average of $26.34 and a 200-day moving average of $26.93.
Care Capital Properties (NYSE:CCP) last issued its earnings results on Friday, May 6th. The company reported $0.80 EPS for the quarter, topping the consensus estimate of $0.79 by $0.01. The firm earned $84.54 million during the quarter, compared to analyst estimates of $82.22 million. On average, equities analysts expect that Care Capital Properties Inc. will post $2.93 EPS for the current fiscal year.
The company also recently announced a quarterly dividend, which was paid on Thursday, June 30th. Stockholders of record on Friday, June 10th were given a $0.57 dividend. The ex-dividend date was Wednesday, June 8th. This represents a $2.28 annualized dividend and a dividend yield of 7.88%.
In other news, Director Douglas Crocker II bought 10,000 shares of the firm’s stock in a transaction dated Thursday, May 19th. The stock was bought at an average price of $24.65 per share, for a total transaction of $246,500.00. Following the transaction, the director now owns 56,467 shares in the company, valued at $1,391,911.55. The purchase was disclosed in a legal filing with the SEC, which is accessible through this link.
Care Capital Properties, Inc (CCP) is a real estate investment trust (REIT). The Company is engaged in the ownership, acquisition and leasing of skilled nursing facilities (SNFs) and other healthcare assets operated by private regional and local care providers. Its portfolio includes approximately 355 properties.
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