Care Capital Properties Inc. (NYSE:CCP) shares fell 2.9% during trading on Thursday . The stock traded as low as $25.91 and last traded at $25.92, with a volume of 291,763 shares changing hands. The stock had previously closed at $26.69.

Several research firms have recently commented on CCP. Zacks Investment Research raised shares of Care Capital Properties from a “sell” rating to a “hold” rating in a report on Tuesday, June 14th. Mizuho decreased their price target on shares of Care Capital Properties from $32.00 to $27.00 and set a “neutral” rating for the company in a report on Friday, March 11th.

The stock has a market cap of $2.18 billion and a PE ratio of 15.96. The firm’s 50 day moving average is $25.91 and its 200 day moving average is $27.13.

Care Capital Properties (NYSE:CCP) last issued its quarterly earnings data on Friday, May 6th. The company reported $0.80 earnings per share for the quarter, topping the Zacks’ 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. Analysts predict that Care Capital Properties Inc. will post $2.92 earnings per share for the current year.

The company also recently disclosed a quarterly dividend, which was paid on Thursday, June 30th. Stockholders of record on Friday, June 10th were paid a $0.57 dividend. This represents a $2.28 dividend on an annualized basis and a dividend yield of 8.79%. The ex-dividend date of this dividend was Wednesday, June 8th.

In other news, Director Douglas Crocker II acquired 10,000 shares of Care Capital Properties stock in a transaction dated Thursday, May 19th. The stock was acquired at an average cost of $24.65 per share, for a total transaction of $246,500.00. Following the completion of the purchase, the director now owns 56,467 shares of the company’s stock, valued at $1,391,911.55. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link.

An institutional investor recently bought a new position in Care Capital Properties stock. Janus Capital Management bought a new stake in shares of Care Capital Properties Inc. (NYSE:CCP) during the third quarter, according to its most recent filing with the SEC. The firm bought 43,518 shares of the company’s stock, valued at approximately $1,432,000. Janus Capital Management owned approximately 0.05% of Care Capital Properties at the end of the most recent quarter.

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.