Care Capital Properties Inc. (NYSE:CCP) was down 2.7% during trading on Friday . The stock traded as low as $28.86 and last traded at $28.90, with a volume of 225,316 shares trading hands. The stock had previously closed at $29.70.

Several equities research analysts have commented on CCP shares. Zacks Investment Research upgraded shares of Care Capital Properties from a “sell” rating to a “hold” rating in a research note on Tuesday, June 14th. Mizuho restated a “neutral” rating and issued a $27.00 price target on shares of Care Capital Properties in a research note on Tuesday, July 12th.

The company’s 50 day moving average is $28.99 and its 200 day moving average is $26.92. The stock has a market cap of $2.45 billion and a P/E ratio of 18.10.

Care Capital Properties (NYSE:CCP) last posted its quarterly earnings results on Thursday, August 11th. The company reported $0.79 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.76 by $0.03. During the same quarter in the prior year, the business earned $0.87 earnings per share. The company earned $85.66 million during the quarter, compared to analyst estimates of $79.72 million. Equities research analysts forecast that Care Capital Properties Inc. will post $3.05 EPS for the current fiscal year.

Care Capital Properties, Inc is a self-administered, self-managed real estate investment trust (REIT) with a diversified portfolio of skilled nursing facilities (SNFs) and other healthcare assets operated by private regional and local care providers. It 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, taxes, insurance and capital expenditures.

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