Elkfork Partners LLC acquired a new stake in shares of Care Capital Properties, Inc. (NYSE:CCP) during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor acquired 62,254 shares of the company’s stock, valued at approximately $1,557,000. Elkfork Partners LLC owned approximately 0.07% of Care Capital Properties at the end of the most recent quarter.

Other hedge funds also recently added to or reduced their stakes in the company. Meeder Asset Management Inc. bought a new stake in Care Capital Properties during the third quarter valued at $128,000. Bellwether Investment Group LLC bought a new stake in Care Capital Properties during the second quarter valued at $145,000. LS Investment Advisors LLC raised its stake in Care Capital Properties by 5.7% in the third quarter. LS Investment Advisors LLC now owns 5,347 shares of the company’s stock valued at $152,000 after buying an additional 288 shares in the last quarter. Advisors Management Group Inc. ADV bought a new stake in Care Capital Properties during the third quarter valued at $204,000. Finally, Amica Pension Fund Board of Trustees raised its stake in Care Capital Properties by 56.4% in the third quarter. Amica Pension Fund Board of Trustees now owns 8,600 shares of the company’s stock valued at $245,000 after buying an additional 3,100 shares in the last quarter. Institutional investors own 90.08% of the company’s stock.

Institutional Ownership by Quarter for Care Capital Properties (NYSE:CCP)

Care Capital Properties, Inc. (NYSE:CCP) traded down 0.061% during mid-day trading on Friday, hitting $24.635. 618,283 shares of the stock traded hands. The firm has a market capitalization of $2.07 billion, a P/E ratio of 17.484 and a beta of 0.38. Care Capital Properties, Inc. has a 1-year low of $22.70 and a 1-year high of $31.56. The company has a 50-day moving average of $25.05 and a 200 day moving average of $26.46.

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Several analysts have recently weighed in on CCP shares. Zacks Investment Research upgraded shares of Care Capital Properties from a “hold” rating to a “buy” rating and set a $26.00 price objective for the company in a research note on Tuesday, November 15th. Mizuho lowered their price objective on shares of Care Capital Properties from $34.00 to $26.00 and set a “buy” rating for the company in a research note on Friday, November 11th. Finally, JMP Securities started coverage on shares of Care Capital Properties in a research note on Monday. They issued a “market perform” rating and a $20.00 price objective for the company.

In related news, Director Jeffrey A. Malehorn acquired 3,250 shares of the company’s stock in a transaction dated Tuesday, December 20th. The stock was purchased at an average price of $24.67 per share, with a total value of $80,177.50. Following the completion of the purchase, the director now owns 11,488 shares in the company, valued at approximately $283,408.96. The acquisition was disclosed in a filing with the SEC, which can be accessed through this link. Corporate insiders own 1.70% of the company’s stock.

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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