Care Capital Properties Inc. (NYSE:CCP) issued its earnings results on Thursday. The company reported $0.75 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.70 by $0.05. Care Capital Properties had a return on equity of 11.18% and a net margin of 39.69%. During the same period in the previous year, the firm earned $0.84 earnings per share.

Shares of Care Capital Properties (NYSE:CCP) opened at 24.66 on Thursday. The firm has a 50 day moving average price of $26.80 and a 200-day moving average price of $27.47. Care Capital Properties has a 12 month low of $23.65 and a 12 month high of $32.44. The firm has a market cap of $2.07 billion, a PE ratio of 15.32 and a beta of 0.52.

A number of large investors have recently modified their holdings of the stock. Advisors Asset Management Inc. purchased a new stake in shares of Care Capital Properties during the second quarter valued at about $102,000. Meeder Asset Management Inc. purchased a new stake in shares of Care Capital Properties during the third quarter valued at about $128,000. LS Investment Advisors LLC increased its stake in shares of Care Capital Properties by 73.6% in the second quarter. LS Investment Advisors LLC now owns 5,059 shares of the company’s stock valued at $133,000 after buying an additional 2,145 shares during the period. Bellwether Investment Group LLC purchased a new stake in shares of Care Capital Properties during the second quarter valued at about $145,000. Finally, WFG Advisors LP increased its stake in shares of Care Capital Properties by 3.5% in the second quarter. WFG Advisors LP now owns 6,213 shares of the company’s stock valued at $163,000 after buying an additional 210 shares during the period. Institutional investors and hedge funds own 89.74% of the company’s stock.

A number of analysts recently issued reports on CCP shares. Mizuho raised Care Capital Properties from a “neutral” rating to a “buy” rating and lifted their price objective for the company from $27.00 to $32.00 in a research report on Monday, July 18th. Stephens started coverage on Care Capital Properties in a research report on Wednesday, September 14th. They set an “overweight” rating and a $33.00 price objective for the company. Finally, Zacks Investment Research raised Care Capital Properties from a “hold” rating to a “buy” rating and set a $33.00 price objective for the company in a research report on Tuesday, September 13th.

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.

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