BidaskClub downgraded shares of Care Capital Properties, Inc. (NYSE:CCP) from a sell rating to a strong sell rating in a research note released on Wednesday.

A number of other equities research analysts also recently weighed in on the stock. JMP Securities raised shares of Care Capital Properties from an underperform rating to a market perform rating in a research note on Monday, May 8th. Zacks Investment Research raised shares of Care Capital Properties from a sell rating to a hold rating in a research note on Tuesday, May 9th. Hilliard Lyons downgraded shares of Care Capital Properties from a buy rating to a neutral rating in a research note on Monday, May 8th. Finally, Mizuho reaffirmed a neutral rating on shares of Care Capital Properties in a research note on Wednesday, June 28th. One equities research analyst has rated the stock with a sell rating, four have issued a hold rating and one has assigned a buy rating to the company’s stock. The stock has a consensus rating of Hold and a consensus target price of $26.00.

Shares of Care Capital Properties (NYSE CCP) opened at 24.95 on Wednesday. The company’s 50 day moving average is $26.01 and its 200 day moving average is $26.06. The company has a market capitalization of $2.10 billion, a price-to-earnings ratio of 13.28 and a beta of 0.38. Care Capital Properties has a one year low of $22.70 and a one year high of $31.56.

Care Capital Properties (NYSE:CCP) last announced its quarterly earnings results on Tuesday, May 9th. The financial services provider reported $0.68 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.42 by $0.26. The firm had revenue of $82.80 million for the quarter, compared to the consensus estimate of $83.32 million. Care Capital Properties had a net margin of 45.61% and a return on equity of 13.48%. The firm’s revenue was down 2.0% on a year-over-year basis. Equities research analysts predict that Care Capital Properties will post $2.05 earnings per share for the current year.

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Several hedge funds and other institutional investors have recently bought and sold shares of CCP. Enterprise Financial Services Corp increased its position in Care Capital Properties by 432.0% in the second quarter. Enterprise Financial Services Corp now owns 3,841 shares of the financial services provider’s stock valued at $103,000 after buying an additional 3,119 shares during the period. US Bancorp DE increased its position in Care Capital Properties by 2.3% in the second quarter. US Bancorp DE now owns 4,509 shares of the financial services provider’s stock valued at $120,000 after buying an additional 103 shares during the period. Cohen Capital Management Inc. acquired a new position in Care Capital Properties during the first quarter valued at approximately $149,000. Achmea Investment Management B.V. acquired a new position in Care Capital Properties during the first quarter valued at approximately $169,000. Finally, Daiwa Securities Group Inc. increased its position in Care Capital Properties by 38.3% in the first quarter. Daiwa Securities Group Inc. now owns 6,505 shares of the financial services provider’s stock valued at $175,000 after buying an additional 1,800 shares during the period. 87.22% of the stock is currently owned by hedge funds and other institutional investors.

Care Capital Properties Company Profile

Care Capital Properties, Inc is a self-administered, self-managed real estate investment trust with a diversified portfolio of skilled nursing facilities (SNFs) and other healthcare assets operated by private regional and local care providers. The Company 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, utilities, repairs and taxes.

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