Care Capital Properties Inc. (CCP) Trading Down 2.8%
Care Capital Properties Inc. (NYSE:CCP)’s share price fell 2.8% during mid-day trading on Tuesday . The company traded as low as $28.81 and last traded at $28.83, with a volume of 519,513 shares. The stock had previously closed at $29.67.
A number of brokerages recently issued reports on CCP. Mizuho raised shares of Care Capital Properties from a “neutral” rating to a “buy” rating and boosted their target price for the stock from $27.00 to $32.00 in a research report on Monday, July 18th. Zacks Investment Research raised shares of Care Capital Properties from a “sell” rating to a “hold” rating in a research report on Tuesday, July 12th.
The firm has a market cap of $2.41 billion and a PE ratio of 17.69. The stock’s 50 day moving average is $26.75 and its 200 day moving average is $26.89.
Care Capital Properties (NYSE:CCP) last announced its quarterly earnings results on Friday, May 6th. The company reported $0.80 EPS for the quarter, beating the Zacks’ consensus estimate of $0.79 by $0.01. The firm had revenue of $84.54 million for the quarter, compared to analyst estimates of $82.22 million. On average, equities research analysts forecast that Care Capital Properties Inc. will post $2.93 earnings per share for the current fiscal year.
The company also recently declared a quarterly dividend, which was paid on Thursday, June 30th. Stockholders of record on Friday, June 10th were paid a dividend of $0.57 per share. This represents a $2.28 dividend on an annualized basis and a dividend yield of 7.93%. The ex-dividend date of this dividend was Wednesday, June 8th.
In related news, Director Douglas Crocker II acquired 10,000 shares of the business’s stock in a transaction that occurred on Thursday, May 19th. The shares were bought at an average cost of $24.65 per share, with a total value of $246,500.00. Following the completion of the purchase, the director now directly owns 56,467 shares in the company, valued at $1,391,911.55. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website.
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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