Investment Centers of America Inc. Boosts Stake in Care Capital Properties, Inc. (CCP)

Investment Centers of America Inc. raised its stake in Care Capital Properties, Inc. (NYSE:CCP) by 31.5% during the first quarter, Holdings Channel reports. The fund owned 45,925 shares of the financial services provider’s stock after buying an additional 11,008 shares during the period. Investment Centers of America Inc. owned approximately 0.05% of Care Capital Properties worth $1,233,000 at the end of the most recent reporting period.

Several other large investors have also made changes to their positions in the company. State Street Corp boosted its stake in shares of Care Capital Properties by 2.6% in the first quarter. State Street Corp now owns 3,480,889 shares of the financial services provider’s stock valued at $93,530,000 after buying an additional 86,869 shares during the last quarter. Bank of America Corp DE boosted its stake in shares of Care Capital Properties by 13.6% in the first quarter. Bank of America Corp DE now owns 796,545 shares of the financial services provider’s stock valued at $21,403,000 after buying an additional 95,067 shares during the last quarter. Amalgamated Bank boosted its stake in shares of Care Capital Properties by 0.5% in the first quarter. Amalgamated Bank now owns 13,313 shares of the financial services provider’s stock valued at $358,000 after buying an additional 65 shares during the last quarter. BlackRock Inc. boosted its stake in shares of Care Capital Properties by 5,251.5% in the first quarter. BlackRock Inc. now owns 9,272,684 shares of the financial services provider’s stock valued at $249,156,000 after buying an additional 9,099,410 shares during the last quarter. Finally, Dimensional Fund Advisors LP boosted its stake in shares of Care Capital Properties by 6.1% in the first quarter. Dimensional Fund Advisors LP now owns 1,157,567 shares of the financial services provider’s stock valued at $31,103,000 after buying an additional 67,019 shares during the last quarter. 86.86% of the stock is owned by hedge funds and other institutional investors.

Institutional Ownership by Quarter for Care Capital Properties (NYSE:CCP)

Care Capital Properties, Inc. (NYSE:CCP) traded up 1.08% on Friday, hitting $26.30. 1,734,216 shares of the company traded hands. Care Capital Properties, Inc. has a 12 month low of $22.70 and a 12 month high of $31.56. The stock’s 50-day moving average is $26.66 and its 200 day moving average is $25.74. The firm has a market capitalization of $2.21 billion, a P/E ratio of 14.00 and a beta of 0.44.

Care Capital Properties (NYSE:CCP) last issued 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. Care Capital Properties had a net margin of 45.61% and a return on equity of 13.48%. The company had revenue of $82.80 million during the quarter, compared to the consensus estimate of $83.32 million. The business’s quarterly revenue was down 2.0% compared to the same quarter last year. Equities analysts forecast that Care Capital Properties, Inc. will post $2.05 EPS for the current fiscal year.

The business also recently disclosed a quarterly dividend, which will be paid on Friday, June 30th. Shareholders of record on Friday, June 9th will be issued a dividend of $0.57 per share. The ex-dividend date of this dividend is Wednesday, June 7th. This represents a $2.28 dividend on an annualized basis and a yield of 8.67%. Care Capital Properties’s payout ratio is currently 121.28%.

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Several research firms recently commented on CCP. BidaskClub lowered shares of Care Capital Properties from a “hold” rating to a “sell” rating in a research note on Friday, June 9th. Zacks Investment Research upgraded shares of Care Capital Properties from a “sell” rating to a “hold” rating in a research note on Tuesday, May 9th. JMP Securities upgraded shares of Care Capital Properties from an “underperform” rating to a “market perform” rating in a research note on Monday, May 8th. Finally, Hilliard Lyons lowered shares of Care Capital Properties from a “buy” rating to a “neutral” rating in a research note on Monday, May 8th. One investment 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 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.

Want to see what other hedge funds are holding CCP? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Care Capital Properties, Inc. (NYSE:CCP).

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