Care Capital Properties Inc. (NYSE:CCP) had its target price reduced by research analysts at Mizuho from $34.00 to $26.00 in a research note issued to investors on Friday. The brokerage currently has a “buy” rating on the stock. Mizuho’s price target would suggest a potential upside of 12.80% from the company’s current price.

Several other research firms have also issued reports on CCP. Zacks Investment Research lowered Care Capital Properties from a “buy” rating to a “hold” rating in a research report on Tuesday. Stephens initiated coverage on Care Capital Properties in a research report on Wednesday, September 14th. They issued an “overweight” rating and a $33.00 price target for the company.

Care Capital Properties (NYSE:CCP) opened at 23.05 on Friday. The firm’s 50-day moving average is $26.65 and its 200-day moving average is $27.43. The company has a market cap of $1.94 billion, a price-to-earnings ratio of 14.32 and a beta of 0.52. Care Capital Properties has a 12 month low of $23.00 and a 12 month high of $32.44.

Care Capital Properties (NYSE:CCP) last announced its quarterly earnings data on Thursday, November 10th. The company reported $0.75 EPS for the quarter, beating the 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 quarter last year, the company earned $0.84 earnings per share. On average, analysts anticipate that Care Capital Properties will post $2.99 EPS for the current fiscal year.

Several institutional investors have recently bought and sold shares of the company. Vanguard Group Inc. raised its position in shares of Care Capital Properties by 5.0% in the second quarter. Vanguard Group Inc. now owns 13,497,666 shares of the company’s stock worth $353,775,000 after buying an additional 640,290 shares during the period. BlackRock Fund Advisors raised its position in shares of Care Capital Properties by 5.3% in the third quarter. BlackRock Fund Advisors now owns 3,709,120 shares of the company’s stock worth $105,710,000 after buying an additional 187,821 shares during the period. BlackRock Institutional Trust Company N.A. raised its position in shares of Care Capital Properties by 1.2% in the second quarter. BlackRock Institutional Trust Company N.A. now owns 3,586,363 shares of the company’s stock worth $93,999,000 after buying an additional 43,668 shares during the period. State Street Corp raised its position in shares of Care Capital Properties by 3.9% in the second quarter. State Street Corp now owns 3,390,862 shares of the company’s stock worth $88,873,000 after buying an additional 128,597 shares during the period. Finally, Shinko Asset Management Co. Ltd. raised its position in shares of Care Capital Properties by 0.5% in the second quarter. Shinko Asset Management Co. Ltd. now owns 2,210,487 shares of the company’s stock worth $57,937,000 after buying an additional 10,247 shares during the period. 89.74% of the stock is owned by hedge funds and other institutional investors.

Care Capital Properties Company Profile

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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