Care Capital Properties Inc. (CCP) Sees Strong Trading Volume
Care Capital Properties Inc. (NYSE:CCP) saw unusually-strong trading volume on Wednesday . Approximately 988,046 shares were traded during trading, an increase of 121% from the previous session’s volume of 447,079 shares.The stock last traded at $29.99 and had previously closed at $30.08.
Several analysts have issued reports on CCP shares. Zacks Investment Research upgraded shares of 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 set a $27.00 price target on shares of Care Capital Properties in a research report on Tuesday, July 12th.
The stock has a market capitalization of $2.52 billion and a PE ratio of 18.63. The company’s 50-day moving average is $29.26 and its 200 day moving average is $27.04.
Care Capital Properties (NYSE:CCP) last announced its quarterly earnings data on Thursday, August 11th. The company reported $0.79 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.76 by $0.03. The firm had revenue of $85.66 million for the quarter, compared to the consensus estimate of $79.72 million. During the same quarter in the previous year, the business earned $0.87 earnings per share. On average, analysts predict that Care Capital Properties Inc. will post $3.05 EPS for the current 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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