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

A number of analysts have recently issued reports on the stock. Zacks Investment Research lowered shares of Care Capital Properties from a “hold” rating to a “sell” rating in a research report on Wednesday, April 20th. Mizuho reduced 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 research report on Friday, March 11th.

The stock has a 50 day moving average price of $25.98 and a 200-day moving average price of $27.09. The company has a market capitalization of $2.20 billion and a price-to-earnings ratio of 16.11.

Care Capital Properties (NYSE:CCP) last posted its earnings results on Friday, May 6th. The company reported $0.80 EPS for the quarter, beating the consensus estimate of $0.79 by $0.01. The firm earned $84.54 million during the quarter, compared to the consensus estimate of $82.22 million. On average, equities research analysts anticipate that Care Capital Properties Inc. will post $2.92 EPS for the current fiscal year.

The business also recently disclosed a quarterly dividend, which was paid on Thursday, June 30th. Stockholders of record on Friday, June 10th were given a dividend of $0.57 per share. The ex-dividend date of this dividend was Wednesday, June 8th. This represents a $2.28 dividend on an annualized basis and a dividend yield of 8.71%.

In related news, Director Douglas Crocker II acquired 10,000 shares of the stock in a transaction dated Thursday, May 19th. The stock was bought 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 directly owns 56,467 shares of the company’s stock, valued at $1,391,911.55. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website.

A hedge fund recently bought a new stake 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 Form 13F filing with the Securities and Exchange Commission. The fund bought 43,518 shares of the company’s stock, valued at approximately $1,432,000. Janus Capital Management owned 0.05% of Care Capital Properties as of its most recent SEC filing.

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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