Care Capital Properties Inc. (CCP) Stock Price Up 2.3%
Shares of Care Capital Properties Inc. (NYSE:CCP) rose 2.3% during trading on Tuesday . The company traded as high as $30.15 and last traded at $30.07, with a volume of 270,519 shares traded. The stock had previously closed at $29.39.
CCP has been the subject of a number of recent research reports. Zacks Investment Research upgraded Care Capital Properties from a “sell” rating to a “hold” rating in a research report on Tuesday, June 14th. Mizuho restated a “neutral” rating and issued a $27.00 price target on shares of Care Capital Properties in a report on Tuesday, July 12th.
The firm has a market capitalization of $2.53 billion and a P/E ratio of 18.68. The company’s 50 day moving average is $29.18 and its 200-day moving average is $27.02.
Care Capital Properties (NYSE:CCP) last announced its quarterly earnings results on Thursday, August 11th. The company reported $0.79 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.76 by $0.03. The business had revenue of $85.66 million for the quarter, compared to analyst estimates of $79.72 million. During the same quarter last year, the firm posted $0.87 EPS. On average, equities analysts forecast 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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