Stephens began coverage on shares of Care Capital Properties Inc. (NYSE:CCP) in a report released on Wednesday morning. The brokerage issued an overweight rating and a $33.00 target price on the stock.

Several other equities analysts have also issued reports on the company. Zacks Investment Research raised Care Capital Properties from a hold rating to a buy rating and set a $33.00 target price for the company in a report on Tuesday, September 13th. Mizuho upped their target price on Care Capital Properties from $32.00 to $34.00 and gave the company a buy rating in a report on Friday, August 12th.

Care Capital Properties (NYSE:CCP) opened at 28.28 on Wednesday. The firm has a market capitalization of $2.37 billion and a PE ratio of 17.57. The firm has a 50-day moving average price of $29.64 and a 200 day moving average price of $27.38. 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 issued its quarterly earnings data on Thursday, August 11th. The company reported $0.79 EPS for the quarter, topping the consensus estimate of $0.76 by $0.03. The firm earned $85.66 million during the quarter, compared to the consensus estimate of $79.72 million. Care Capital Properties had a return on equity of 11.18% and a net margin of 39.69%. During the same period in the prior year, the business posted $0.87 earnings per share. Analysts anticipate that Care Capital Properties will post $2.99 EPS for the current fiscal year.

The business also recently declared a quarterly dividend, which will be paid on Friday, September 30th. Stockholders of record on Friday, September 16th will be issued a $0.57 dividend. This represents a $2.28 dividend on an annualized basis and a dividend yield of 8.06%. The ex-dividend date of this dividend is Wednesday, September 14th. Care Capital Properties’s payout ratio is currently 141.61%.

Several institutional investors have recently bought and sold shares of the company. Macquarie Group Ltd. raised its position in Care Capital Properties by 17.7% in the second quarter. Macquarie Group Ltd. now owns 25,317 shares of the company’s stock worth $664,000 after buying an additional 3,801 shares during the last quarter. Mason Street Advisors LLC bought a new position in Care Capital Properties during the second quarter worth approximately $1,003,000. Schwab Charles Investment Management Inc. raised its position in Care Capital Properties by 7.9% in the second quarter. Schwab Charles Investment Management Inc. now owns 488,171 shares of the company’s stock worth $12,795,000 after buying an additional 35,572 shares during the last quarter. Bellwether Investment Group LLC bought a new position in Care Capital Properties during the second quarter worth approximately $145,000. Finally, Amalgamated Bank bought a new position in Care Capital Properties during the second quarter worth approximately $349,000. 89.68% of the stock is 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 (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

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