American National Registered Investment Advisor Inc. continued to hold its stake in Care Capital Properties, Inc. (NYSE:CCP) during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 28,730 shares of the financial services provider’s stock at the end of the second quarter. American National Registered Investment Advisor Inc.’s holdings in Care Capital Properties were worth $767,000 at the end of the most recent quarter.

A number of other hedge funds have also recently bought and sold shares of CCP. FMR LLC raised its stake in Care Capital Properties by 58.8% in the fourth quarter. FMR LLC now owns 172,482 shares of the financial services provider’s stock valued at $4,312,000 after buying an additional 63,900 shares during the period. Janus Capital Management LLC purchased a new stake in Care Capital Properties during the fourth quarter valued at about $233,000. Thrivent Financial for Lutherans raised its stake in Care Capital Properties by 5.0% in the fourth quarter. Thrivent Financial for Lutherans now owns 36,575 shares of the financial services provider’s stock valued at $914,000 after buying an additional 1,755 shares during the period. Norges Bank purchased a new stake in Care Capital Properties during the fourth quarter valued at about $22,220,000. Finally, Denali Advisors LLC raised its stake in Care Capital Properties by 42.2% in the first quarter. Denali Advisors LLC now owns 133,000 shares of the financial services provider’s stock valued at $3,574,000 after buying an additional 39,500 shares during the period. 86.69% of the stock is currently owned by hedge funds and other institutional investors.

Care Capital Properties, Inc. (CCP) opened at 25.83 on Tuesday. The stock has a 50 day moving average of $26.68 and a 200 day moving average of $25.93. The company has a market capitalization of $2.17 billion, a price-to-earnings ratio of 13.75 and a beta of 0.42. Care Capital Properties, Inc. has a 12 month low of $22.70 and a 12 month high of $31.56.

Care Capital Properties (NYSE:CCP) last issued its quarterly earnings results on Tuesday, May 9th. The financial services provider reported $0.68 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.42 by $0.26. The company had revenue of $82.80 million for the quarter, compared to the consensus estimate of $83.32 million. Care Capital Properties had a net margin of 45.61% and a return on equity of 13.48%. The firm’s revenue for the quarter was down 2.0% compared to the same quarter last year. Equities analysts anticipate that Care Capital Properties, Inc. will post $2.05 EPS for the current fiscal year.

The business also recently declared a quarterly dividend, which was paid on Friday, June 30th. Investors of record on Friday, June 9th were issued a $0.57 dividend. This represents a $2.28 dividend on an annualized basis and a dividend yield of 8.80%. The ex-dividend date of this dividend was Wednesday, June 7th. Care Capital Properties’s dividend payout ratio (DPR) is currently 121.28%.

COPYRIGHT VIOLATION NOTICE: This news story was first published by The Cerbat Gem and is the sole property of of The Cerbat Gem. If you are viewing this news story on another publication, it was copied illegally and reposted in violation of U.S. & international copyright legislation. The original version of this news story can be viewed at https://www.thecerbatgem.com/2017/07/18/american-national-registered-investment-advisor-inc-has-767000-position-in-care-capital-properties-inc-nyseccp.html.

CCP has been the topic of several analyst reports. Hilliard Lyons lowered shares of Care Capital Properties from a “buy” rating to a “neutral” rating in a research report on Monday, May 8th. JMP Securities raised shares of Care Capital Properties from an “underperform” rating to a “market perform” rating in a research report on Monday, May 8th. Zacks Investment Research raised shares of Care Capital Properties from a “sell” rating to a “hold” rating in a research report on Tuesday, May 9th. BidaskClub lowered shares of Care Capital Properties from a “hold” rating to a “sell” rating in a research report on Friday, June 9th. Finally, Mizuho reaffirmed a “neutral” rating on shares of Care Capital Properties in a research report on Wednesday, June 28th. Five equities research analysts have rated the stock with a hold rating and one has given a buy rating to the stock. Care Capital Properties has an average rating of “Hold” and a consensus target price of $26.00.

Care Capital Properties Company Profile

Care Capital Properties, Inc is a self-administered, self-managed real estate investment trust with a diversified portfolio of skilled nursing facilities (SNFs) and other healthcare assets operated by private regional and local care providers. The Company 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, utilities, repairs and taxes.

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

Receive News & Stock Ratings for Care Capital Properties Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Care Capital Properties Inc. and related stocks with our FREE daily email newsletter.