Cambridge Investment Research Advisors Inc. raised its stake in shares of Care Capital Properties, Inc. (NYSE:CCP) by 29.1% during the first quarter, Holdings Channel reports. The institutional investor owned 13,830 shares of the financial services provider’s stock after buying an additional 3,114 shares during the period. Cambridge Investment Research Advisors Inc.’s holdings in Care Capital Properties were worth $372,000 at the end of the most recent quarter.
Several other large investors have also made changes to their positions in CCP. FMR LLC raised its stake in shares of 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 in the last quarter. Janus Capital Management LLC acquired a new stake in shares of Care Capital Properties during the fourth quarter valued at about $233,000. Cohen Capital Management Inc. acquired a new stake in shares of Care Capital Properties during the first quarter valued at about $149,000. Advisors Asset Management Inc. raised its stake in shares of 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 valued at $648,000 after buying an additional 1,726 shares in the last quarter. Finally, Norges Bank acquired a new stake in shares of Care Capital Properties during the fourth quarter valued at about $22,220,000. 86.75% of the stock is owned by hedge funds and other institutional investors.
Shares of Care Capital Properties, Inc. (NYSE:CCP) opened at 27.58 on Monday. The stock’s 50 day moving average price is $26.60 and its 200 day moving average price is $25.83. The stock has a market capitalization of $2.32 billion, a price-to-earnings ratio of 14.68 and a beta of 0.44. Care Capital Properties, Inc. has a 12 month low of $22.70 and a 12 month 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, beating 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 return on equity of 13.48% and a net margin of 45.61%. The firm’s revenue was down 2.0% on a year-over-year basis. Analysts expect that Care Capital Properties, Inc. will post $2.05 EPS for the current year.
The firm also recently declared a quarterly dividend, which will be paid on Friday, June 30th. Stockholders of record on Friday, June 9th will be issued a dividend of $0.57 per share. This represents a $2.28 dividend on an annualized basis and a dividend yield of 8.27%. The ex-dividend date of this dividend is Wednesday, June 7th. Care Capital Properties’s payout ratio is currently 121.28%.
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CCP has been the subject of several research analyst reports. Zacks Investment Research lowered Care Capital Properties from a “hold” rating to a “sell” rating in a research report on Tuesday, March 14th. JMP Securities raised Care Capital Properties from an “underperform” rating to a “market perform” rating in a research report on Monday, May 8th. Hilliard Lyons lowered Care Capital Properties from a “buy” rating to a “neutral” rating in a research report on Monday, May 8th. Finally, BidaskClub lowered Care Capital Properties from a “hold” rating to a “sell” rating in a research report on Friday, June 9th. Four equities research analysts have rated the stock with a hold rating and two have issued a buy rating to the stock. Care Capital Properties presently has an average rating of “Hold” and a consensus target price of $26.00.
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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