Care Capital Properties Inc. (NYSE:CCP) Director Douglas Crocker II purchased 20,000 shares of the stock in a transaction dated Monday, November 14th. The stock was purchased at an average cost of $23.40 per share, for a total transaction of $468,000.00. Following the completion of the acquisition, the director now owns 78,290 shares of the company’s stock, valued at approximately $1,831,986. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website.

Shares of Care Capital Properties Inc. (NYSE:CCP) traded up 1.53% during midday trading on Thursday, reaching $23.83. 306,872 shares of the company were exchanged. The stock has a market capitalization of $2.00 billion, a P/E ratio of 16.91 and a beta of 0.52. Care Capital Properties Inc. has a 12-month low of $22.70 and a 12-month high of $32.44. The company has a 50 day moving average price of $26.04 and a 200-day moving average price of $27.34.

Care Capital Properties (NYSE:CCP) last issued its quarterly earnings data on Thursday, November 10th. The company reported $0.75 earnings per share (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 9.92% and a net margin of 34.14%. During the same quarter in the previous year, the business posted $0.84 EPS. On average, analysts forecast that Care Capital Properties Inc. will post $3.04 earnings per share for the current fiscal year.

A number of brokerages have recently issued reports on CCP. Mizuho increased their price target on shares of Care Capital Properties from $32.00 to $34.00 and gave the stock a “buy” rating in a report on Friday, August 12th. Stephens assumed coverage on shares of Care Capital Properties in a report on Wednesday, September 14th. They issued an “overweight” rating and a $33.00 price target on the stock. Finally, Zacks Investment Research raised shares of Care Capital Properties from a “hold” rating to a “buy” rating and set a $33.00 target price on the stock in a research note on Tuesday, September 13th.

A number of institutional investors have recently made changes to their positions in the stock. Advisors Asset Management Inc. purchased a new position in Care Capital Properties during the second quarter worth about $102,000. Meeder Asset Management Inc. bought a new stake in shares of Care Capital Properties during the third quarter worth $128,000. LS Investment Advisors LLC boosted 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 worth $133,000 after buying an additional 2,145 shares during the period. Bellwether Investment Group LLC bought a new stake in shares of Care Capital Properties during the second quarter worth $145,000. Finally, WFG Advisors LP boosted 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 worth $163,000 after buying an additional 210 shares during the period. 90.99% of the stock is currently owned by 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.

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