Janney Montgomery Scott LLC raised its stake in shares of Care Capital Properties, Inc. (NYSE:CCP) by 1.6% during the second quarter, Holdings Channel reports. The fund owned 54,067 shares of the financial services provider’s stock after buying an additional 835 shares during the period. Janney Montgomery Scott LLC’s holdings in Care Capital Properties were worth $1,444,000 at the end of the most recent quarter.

A number of other hedge funds have also bought and sold shares of CCP. Oregon Public Employees Retirement Fund increased its stake in Care Capital Properties by 1.4% in the first quarter. Oregon Public Employees Retirement Fund now owns 29,425 shares of the financial services provider’s stock valued at $791,000 after buying an additional 400 shares during the last quarter. KAMES CAPITAL plc bought a new position in shares of Care Capital Properties during the first quarter valued at $2,925,000. Stonebridge Capital Management Inc. bought a new position in shares of Care Capital Properties during the first quarter valued at $317,000. First Quadrant L P CA boosted its position in shares of Care Capital Properties by 2.0% in the first quarter. First Quadrant L P CA now owns 78,704 shares of the financial services provider’s stock valued at $2,115,000 after buying an additional 1,567 shares during the period. Finally, Glen Harbor Capital Management LLC boosted its position in shares of Care Capital Properties by 52.3% in the first quarter. Glen Harbor Capital Management LLC now owns 78,064 shares of the financial services provider’s stock valued at $2,098,000 after buying an additional 26,796 shares during the period. 87.15% of the stock is owned by institutional investors and hedge funds.

Care Capital Properties, Inc. (NYSE CCP) opened at 24.28 on Thursday. Care Capital Properties, Inc. has a 52 week low of $22.70 and a 52 week high of $31.56. The company has a market capitalization of $2.04 billion, a PE ratio of 12.92 and a beta of 0.38. The firm’s 50-day moving average price is $25.74 and its 200 day moving average price is $26.02.

Care Capital Properties (NYSE:CCP) last released its quarterly earnings data 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 analysts’ expectations of $83.32 million. The firm’s revenue for the quarter was down 2.0% compared to the same quarter last year. Equities research analysts expect that Care Capital Properties, Inc. will post $2.05 earnings per share for the current fiscal year.

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Several equities analysts have weighed in on the company. JMP Securities upgraded Care Capital Properties from an “underperform” rating to a “market perform” rating in a research note on Monday, May 8th. BidaskClub cut Care Capital Properties from a “buy” rating to a “hold” rating in a research note on Saturday, July 8th. Mizuho restated a “neutral” rating on shares of Care Capital Properties in a research note on Wednesday, June 28th. Zacks Investment Research upgraded Care Capital Properties from a “sell” rating to a “hold” rating in a research note on Tuesday, May 9th. Finally, Hilliard Lyons cut Care Capital Properties from a “buy” rating to a “neutral” rating in a research note on Monday, May 8th. One investment analyst has rated the stock with a sell rating, four have issued a hold rating and one has given a buy rating to the company. The stock currently 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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