Teachers Advisors LLC raised its position in shares of Care Capital Properties, Inc. (NYSE:CCP) by 56.0% during the first quarter, Holdings Channel reports. The firm owned 134,812 shares of the financial services provider’s stock after buying an additional 48,412 shares during the period. Teachers Advisors LLC’s holdings in Care Capital Properties were worth $3,622,000 at the end of the most recent reporting period.

Other hedge funds have also added to or reduced their stakes in the company. FMR LLC raised its stake in Care Capital Properties by 58.8% in the fourth quarter. FMR LLC now owns 172,482 shares of the financial services provider’s stock worth $4,312,000 after buying an additional 63,900 shares during the period. Advisors Asset Management Inc. raised its stake in 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 worth $648,000 after buying an additional 1,726 shares during the period. Cohen Capital Management Inc. acquired a new stake in Care Capital Properties during the first quarter worth about $149,000. IndexIQ Advisors LLC raised its stake in Care Capital Properties by 12.5% in the first quarter. IndexIQ Advisors LLC now owns 90,497 shares of the financial services provider’s stock worth $2,432,000 after buying an additional 10,078 shares during the period. Finally, Parametric Portfolio Associates LLC raised its stake in Care Capital Properties by 23.7% in the first quarter. Parametric Portfolio Associates LLC now owns 213,906 shares of the financial services provider’s stock worth $5,748,000 after buying an additional 41,003 shares during the period. 87.15% of the stock is currently owned by hedge funds and other institutional investors.

Shares of Care Capital Properties, Inc. (CCP) opened at 24.28 on Thursday. The stock’s 50 day moving average price is $25.74 and its 200 day moving average price is $26.02. The firm has a market cap of $2.04 billion, a price-to-earnings ratio of 8.40 and a beta of 0.38. Care Capital Properties, Inc. has a one year low of $22.70 and a one year high of $31.56.

Care Capital Properties (NYSE:CCP) last posted its earnings results on Tuesday, May 9th. The financial services provider reported $0.68 EPS for the quarter, beating the consensus estimate of $0.42 by $0.26. Care Capital Properties had a return on equity of 20.38% and a net margin of 65.25%. The company had revenue of $82.80 million for the quarter, compared to the consensus estimate of $83.32 million. The company’s revenue was down 2.0% compared to the same quarter last year. On average, equities analysts anticipate that Care Capital Properties, Inc. will post $2.05 earnings per share for the current fiscal year.

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CCP has been the topic of a number of research analyst reports. BidaskClub raised Care Capital Properties from a “buy” rating to a “strong-buy” rating in a report on Wednesday, June 28th. Mizuho reaffirmed a “neutral” rating on shares of Care Capital Properties in a report on Wednesday, June 28th. JMP Securities raised Care Capital Properties from an “underperform” rating to a “market perform” rating in a report on Monday, May 8th. Hilliard Lyons lowered Care Capital Properties from a “buy” rating to a “neutral” rating in a report on Monday, May 8th. Finally, Zacks Investment Research raised Care Capital Properties from a “sell” rating to a “hold” rating in a report on Tuesday, May 9th. One investment analyst has rated the stock with a sell rating, four have assigned a hold rating and one has given a buy rating to the company. Care Capital Properties presently has a consensus 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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Institutional Ownership by Quarter for Care Capital Properties (NYSE:CCP)

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