Shares of Care Capital Properties Inc. (NYSE:CCP) dropped 1.9% during mid-day trading on Thursday . The company traded as low as $29.13 and last traded at $29.23, with a volume of 363,622 shares changing hands. The stock had previously closed at $29.81.

CCP has been the topic of a number of analyst reports. Mizuho upgraded shares of Care Capital Properties from a “neutral” rating to a “buy” rating and lifted their price objective for the company from $27.00 to $32.00 in a research note on Monday, July 18th. Zacks Investment Research upgraded shares of Care Capital Properties from a “sell” rating to a “hold” rating in a research note on Tuesday, June 14th.

The stock has a market cap of $2.50 billion and a P/E ratio of 18.36. The stock’s 50 day moving average price is $27.81 and its 200-day moving average price is $26.87.

Care Capital Properties (NYSE:CCP) last released its earnings results on Thursday, August 11th. The company reported $0.79 earnings per share for the quarter. The business had revenue of $85.66 million for the quarter, compared to analysts’ expectations of $79.72 million. During the same period last year, the firm earned $0.87 EPS. Equities research analysts forecast that Care Capital Properties Inc. will post $2.93 EPS for the current fiscal year.

In other Care Capital Properties news, Director Douglas Crocker II bought 10,000 shares of the stock in a transaction on Thursday, May 19th. The shares were bought at an average price of $24.65 per share, with a total value of $246,500.00. Following the purchase, the director now directly owns 56,467 shares in the company, valued at approximately $1,391,911.55. The acquisition was disclosed in a document filed with the SEC, which is accessible through 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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