Global X Management Co. LLC boosted its stake in shares of Care Capital Properties, Inc. (NYSE:CCP) by 4.9% during the second quarter, Holdings Channel reports. The institutional investor owned 363,638 shares of the financial services provider’s stock after buying an additional 16,888 shares during the period. Global X Management Co. LLC’s holdings in Care Capital Properties were worth $9,709,000 as of its most recent filing with the SEC.

A number of other institutional investors have also recently bought and sold shares of CCP. Enterprise Financial Services Corp boosted its position in Care Capital Properties by 432.0% in the second quarter. Enterprise Financial Services Corp now owns 3,841 shares of the financial services provider’s stock valued at $103,000 after buying an additional 3,119 shares in the last quarter. US Bancorp DE boosted its position in Care Capital Properties by 2.3% in the second quarter. US Bancorp DE now owns 4,509 shares of the financial services provider’s stock valued at $120,000 after buying an additional 103 shares in the last quarter. Cohen Capital Management Inc. purchased a new position in Care Capital Properties during the first quarter valued at about $149,000. Achmea Investment Management B.V. purchased a new position in Care Capital Properties during the first quarter valued at about $169,000. Finally, Daiwa Securities Group Inc. boosted its position in Care Capital Properties by 38.3% in the first quarter. Daiwa Securities Group Inc. now owns 6,505 shares of the financial services provider’s stock valued at $175,000 after buying an additional 1,800 shares in the last quarter. Institutional investors and hedge funds own 87.15% of the company’s stock.

Care Capital Properties, Inc. (NYSE CCP) opened at 24.28 on Thursday. The firm has a 50-day moving average price of $25.74 and a 200 day moving average price of $26.02. Care Capital Properties, Inc. has a 1-year low of $22.70 and a 1-year high of $31.56. The firm has a market cap of $2.04 billion, a price-to-earnings ratio of 12.92 and a beta of 0.38.

Care Capital Properties (NYSE:CCP) last posted its quarterly earnings results on Tuesday, May 9th. The financial services provider reported $0.68 earnings per share for the quarter, topping analysts’ consensus estimates 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 business had revenue of $82.80 million for the quarter, compared to the consensus estimate of $83.32 million. Care Capital Properties’s revenue for the quarter was down 2.0% on a year-over-year basis. Equities analysts predict that Care Capital Properties, Inc. will post $2.05 earnings per share for the current year.

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Several research firms recently issued reports on CCP. BidaskClub cut Care Capital Properties from a “sell” rating to a “strong sell” rating in a report on Wednesday, August 2nd. Mizuho reissued a “neutral” rating on shares of Care Capital Properties in a research note on Wednesday, June 28th. Hilliard Lyons lowered Care Capital Properties from a “buy” rating to a “neutral” rating in a research note on Monday, May 8th. Zacks Investment Research raised Care Capital Properties from a “sell” rating to a “hold” rating in a research note on Tuesday, May 9th. Finally, JMP Securities raised Care Capital Properties from an “underperform” rating to a “market perform” rating in a research note on Monday, May 8th. One research analyst has rated the stock with a sell rating, four have issued a hold rating and one has issued a buy rating to the company’s stock. Care Capital Properties has a consensus rating of “Hold” and an average price target of $26.00.

About Care Capital Properties

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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