John L. Workman Buys 10,000 Shares of Care Capital Properties Inc. (CCP) Stock
Care Capital Properties Inc. (NYSE:CCP) Director John L. Workman acquired 10,000 shares of Care Capital Properties stock in a transaction that occurred on Tuesday, November 15th. The shares were bought at an average price of $23.76 per share, with a total value of $237,600.00. Following the transaction, the director now directly owns 22,466 shares in the company, valued at $533,792.16. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink.
Shares of Care Capital Properties Inc. (NYSE:CCP) opened at 23.57 on Friday. The company has a market cap of $1.98 billion, a P/E ratio of 16.73 and a beta of 0.52. Care Capital Properties Inc. has a 52 week low of $22.70 and a 52 week high of $32.44. The firm’s 50-day moving average price is $25.89 and its 200 day moving average price is $27.31.
Care Capital Properties (NYSE:CCP) last posted its quarterly earnings results 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 9.92% and a net margin of 34.14%. During the same period in the previous year, the business posted $0.84 earnings per share. On average, equities analysts predict that Care Capital Properties Inc. will post $3.04 EPS for the current fiscal year.
A number of research firms recently 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, November 8th. Mizuho lifted their target price on Care Capital Properties from $32.00 to $34.00 and gave the company a “buy” rating in a research note on Friday, August 12th. Finally, Stephens initiated coverage on Care Capital Properties in a research note on Wednesday, September 14th. They set an “overweight” rating and a $33.00 target price on the stock.
A number of institutional investors have recently bought and sold shares of CCP. Tocqueville Asset Management L.P. boosted its position in Care Capital Properties by 50.6% in the third quarter. Tocqueville Asset Management L.P. now owns 18,144 shares of the company’s stock valued at $517,000 after buying an additional 6,100 shares during the period. Shinko Asset Management Co. Ltd. boosted its position in 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 valued at $57,937,000 after buying an additional 10,247 shares during the period. LS Investment Advisors LLC boosted its position in 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. Geode Capital Management LLC boosted its position in Care Capital Properties by 24.5% in the first quarter. Geode Capital Management LLC now owns 813,508 shares of the company’s stock valued at $21,834,000 after buying an additional 160,019 shares during the period. Finally, Bank of Montreal Can purchased a new position in Care Capital Properties during the second quarter valued at approximately $930,000. 90.99% of the stock is owned by hedge funds and other institutional investors.
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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