Shares of Care Capital Properties Inc. (NYSE:CCP) dropped 1.9% during mid-day trading on Thursday . The company traded as low as $29.13 and last traded at $29.23, with a volume of 363,622 shares traded. The stock had previously closed at $29.81.

CCP has been the subject of a number of research analyst reports. Mizuho lifted their price objective on shares of Care Capital Properties from $32.00 to $34.00 and gave the stock a “buy” rating in a report on Friday. Zacks Investment Research raised shares of Care Capital Properties from a “sell” rating to a “hold” rating in a report on Tuesday, June 14th.

The firm has a market capitalization of $2.53 billion and a price-to-earnings ratio of 18.54. The firm has a 50 day moving average of $28.08 and a 200-day moving average of $26.90.

Care Capital Properties (NYSE:CCP) last released its quarterly earnings results on Thursday, August 11th. The company reported $0.79 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.76 by $0.03. The business earned $85.66 million during the quarter, compared to the consensus estimate of $79.72 million. During the same quarter in the previous year, the business posted $0.87 earnings per share. On average, analysts anticipate that Care Capital Properties Inc. will post $2.96 EPS for the current fiscal year.

In other Care Capital Properties news, Director Douglas Crocker II purchased 10,000 shares of the firm’s stock in a transaction on Thursday, May 19th. The shares were acquired at an average cost of $24.65 per share, for a total transaction of $246,500.00. Following the completion of the transaction, the director now owns 56,467 shares of the company’s stock, valued at $1,391,911.55. The acquisition was disclosed in a filing with the SEC, which is accessible through the SEC website.

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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