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

A number of research analysts have recently issued reports on the stock. Mizuho restated a “neutral” rating and issued a $27.00 price target on shares of Care Capital Properties in a research report on Tuesday, July 12th. Zacks Investment Research upgraded shares of Care Capital Properties from a “sell” rating to a “hold” rating in a research report on Tuesday, July 12th.

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

Care Capital Properties (NYSE:CCP) last posted its quarterly earnings data 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. During the same quarter last year, the company posted $0.87 earnings per share. The company earned $85.66 million during the quarter, compared to the consensus estimate of $79.72 million. Analysts expect that Care Capital Properties Inc. will post $3.05 earnings per share 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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