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

Other equities analysts have also issued reports about the stock. Mizuho restated a neutral rating and issued a $27.00 price objective on shares of Care Capital Properties in a report on Tuesday, July 12th. Zacks Investment Research upgraded shares of Care Capital Properties from a sell rating to a hold rating in a report on Tuesday, July 12th.

Care Capital Properties (NYSE:CCP) opened at 28.28 on Wednesday. Care Capital Properties has a 12-month low of $23.65 and a 12-month high of $34.63. The stock has a 50 day moving average price of $29.64 and a 200-day moving average price of $27.38. The company has a market capitalization of $2.37 billion and a price-to-earnings ratio of 17.57.

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

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

A number of large investors have recently made changes to their positions in CCP. Norges Bank bought a new stake in shares of Care Capital Properties during the fourth quarter worth $21,808,000. PGGM Investments bought a new stake in shares of Care Capital Properties during the first quarter worth $3,453,000. Aperio Group LLC raised its stake in shares of Care Capital Properties by 461.4% in the first quarter. Aperio Group LLC now owns 105,663 shares of the company’s stock worth $2,836,000 after buying an additional 86,841 shares in the last quarter. Virginia Retirement System bought a new stake in shares of Care Capital Properties during the first quarter worth $319,000. Finally, Pacad Investment Ltd. bought a new stake in shares of Care Capital Properties during the first quarter worth $424,000. Institutional investors and hedge funds own 89.68% of the company’s stock.

About Care Capital Properties

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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