Care Capital Properties, Inc. (NYSE:CCP) was downgraded by equities research analysts at BidaskClub from a “buy” rating to a “hold” rating in a report issued on Saturday.

CCP has been the subject of several other reports. Zacks Investment Research cut Care Capital Properties from a “hold” rating to a “sell” rating in a report on Tuesday, March 14th. Mizuho reissued a “neutral” rating on shares of Care Capital Properties in a report on Wednesday, June 28th. Hilliard Lyons cut Care Capital Properties from a “buy” rating to a “neutral” rating in a report on Monday, May 8th. Finally, JMP Securities raised Care Capital Properties from an “underperform” rating to a “market perform” rating in a report on Monday, May 8th. Five research analysts have rated the stock with a hold rating and one has assigned a buy rating to the stock. The company has an average rating of “Hold” and a consensus target price of $26.00.

Shares of Care Capital Properties (NYSE CCP) traded down 0.04% on Friday, hitting $25.69. The stock had a trading volume of 1,086,995 shares. The company has a market cap of $2.16 billion, a PE ratio of 13.67 and a beta of 0.43. The stock’s 50-day moving average price is $26.68 and its 200 day moving average price is $25.93. Care Capital Properties has a 52 week low of $22.70 and a 52 week high of $31.56.

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

The company also recently declared a quarterly dividend, which was paid on Friday, June 30th. Investors of record on Friday, June 9th were issued a dividend of $0.57 per share. The ex-dividend date was Wednesday, June 7th. This represents a $2.28 annualized dividend and a yield of 8.88%. Care Capital Properties’s payout ratio is currently 121.28%.

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Hedge funds have recently added to or reduced their stakes in the company. FMR LLC boosted its stake in Care Capital Properties by 58.8% in the fourth quarter. FMR LLC now owns 172,482 shares of the financial services provider’s stock valued at $4,312,000 after buying an additional 63,900 shares during the last quarter. Janus Capital Management LLC bought a new position in Care Capital Properties during the fourth quarter worth approximately $233,000. Advisors Asset Management Inc. raised its position in Care Capital Properties by 7.7% in the first quarter. Advisors Asset Management Inc. now owns 24,127 shares of the financial services provider’s stock worth $648,000 after buying an additional 1,726 shares during the period. Cohen Capital Management Inc. bought a new position in Care Capital Properties during the first quarter worth approximately $149,000. Finally, Norges Bank bought a new position in Care Capital Properties during the fourth quarter worth approximately $22,220,000. 86.75% of the stock is owned by institutional investors and hedge funds.

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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