Zacks Investment Research upgraded shares of Care Capital Properties Inc. (NYSE:CCP) from a hold rating to a buy rating in a research report sent to investors on Tuesday. They currently have $33.00 price objective on the stock.

According to Zacks, “Care Capital Properties, Inc. is a real estate investment trust which is engaged in the ownership, acquisition and leasing of skilled nursing facilities and healthcare assets operated by private regional and local care providers. The Company focuses on portfolio of triple-net leased properties focused on the post-acute sector and skilled nursing facilities. Care Capital Properties, Inc. is based in Chicago, United States. “

Separately, Mizuho reiterated a neutral rating and issued a $27.00 price objective on shares of Care Capital Properties in a report on Tuesday, July 12th.

Shares of Care Capital Properties (NYSE:CCP) opened at 28.31 on Tuesday. The company has a market capitalization of $2.38 billion and a P/E ratio of 17.58. The firm has a 50-day moving average price of $29.69 and a 200-day moving average price of $27.35. Care Capital Properties has a one year low of $23.65 and a one year high of $34.63.

Care Capital Properties (NYSE:CCP) last posted its quarterly earnings data on Thursday, August 11th. The company reported $0.79 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.76 by $0.03. Care Capital Properties had a return on equity of 11.18% and a net margin of 39.69%. The firm earned $85.66 million during the quarter, compared to analysts’ expectations of $79.72 million. During the same period in the prior year, the business earned $0.87 EPS. Equities analysts forecast that Care Capital Properties will post $2.99 earnings per share for the current year.

The business also recently announced a quarterly dividend, which will be paid on Friday, September 30th. Investors of record on Friday, September 16th will be issued a dividend of $0.57 per share. This represents a $2.28 annualized dividend and a yield of 8.05%. The ex-dividend date of this dividend is Wednesday, September 14th. Care Capital Properties’s dividend payout ratio is presently 141.61%.

A number of large investors have recently modified their holdings of the stock. Columbia Partners L L C Investment Management boosted its stake in shares of Care Capital Properties by 64.8% in the first quarter. Columbia Partners L L C Investment Management now owns 230,963 shares of the company’s stock valued at $6,199,000 after buying an additional 90,842 shares in the last quarter. BlackRock Japan Co. Ltd boosted its stake in shares of Care Capital Properties by 195.9% in the first quarter. BlackRock Japan Co. Ltd now owns 13,068 shares of the company’s stock valued at $351,000 after buying an additional 8,652 shares in the last quarter. BlackRock Institutional Trust Company N.A. boosted its stake in shares of Care Capital Properties by 1.4% in the first quarter. BlackRock Institutional Trust Company N.A. now owns 3,542,695 shares of the company’s stock valued at $95,086,000 after buying an additional 48,176 shares in the last quarter. BlackRock Inc. boosted its stake in shares of Care Capital Properties by 6.6% in the first quarter. BlackRock Inc. now owns 113,640 shares of the company’s stock valued at $3,051,000 after buying an additional 7,057 shares in the last quarter. Finally, Eos Focused Equity Management L.P. bought a new stake in shares of Care Capital Properties during the first quarter valued at $1,503,000. Institutional investors own 89.68% of the company’s stock.

Care Capital Properties Company Profile

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.

5 Day Chart for NYSE:CCP

Get a free copy of the Zacks research report on Care Capital Properties (CCP)

For more information about research offerings from Zacks Investment Research, visit Zacks.com

Receive News & Ratings for Care Capital Properties Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Care Capital Properties Inc. and related companies with Analyst Ratings Network's FREE daily email newsletter.