Tocqueville Asset Management L.P. raised its stake in Care Capital Properties, Inc. (NYSE:CCP) by 24.3% during the second quarter, according to its most recent Form 13F filing with the SEC. The fund owned 38,389 shares of the financial services provider’s stock after buying an additional 7,500 shares during the period. Tocqueville Asset Management L.P.’s holdings in Care Capital Properties were worth $1,025,000 at the end of the most recent quarter.

Several other large investors have also made changes to their positions in CCP. Wayne Hummer Investments L.L.C. acquired a new stake in shares of Care Capital Properties during the second quarter valued at $218,000. Marshall Wace North America L.P. acquired a new stake in shares of Care Capital Properties during the second quarter valued at $1,814,000. BNP Paribas Arbitrage SA boosted its stake in shares of Care Capital Properties by 159.4% in the second quarter. BNP Paribas Arbitrage SA now owns 125,534 shares of the financial services provider’s stock valued at $3,352,000 after buying an additional 77,135 shares during the last quarter. Legal & General Group Plc boosted its stake in shares of Care Capital Properties by 9.1% in the second quarter. Legal & General Group Plc now owns 253,255 shares of the financial services provider’s stock valued at $6,763,000 after buying an additional 21,116 shares during the last quarter. Finally, Bank of New York Mellon Corp boosted its stake in shares of Care Capital Properties by 39.4% in the second quarter. Bank of New York Mellon Corp now owns 3,402,958 shares of the financial services provider’s stock valued at $90,858,000 after buying an additional 961,309 shares during the last quarter. 88.88% of the stock is owned by hedge funds and other institutional investors.

Shares of Care Capital Properties, Inc. (CCP) opened at 24.21 on Monday. The company’s 50-day moving average is $24.84 and its 200-day moving average is $25.96. Care Capital Properties, Inc. has a 52-week low of $22.70 and a 52-week high of $31.56.

COPYRIGHT VIOLATION WARNING: “Tocqueville Asset Management L.P. Boosts Stake in Care Capital Properties, Inc. (CCP)” was originally reported by The Cerbat Gem and is the sole property of of The Cerbat Gem. If you are viewing this article on another website, it was illegally stolen and republished in violation of U.S. & international copyright legislation. The legal version of this article can be accessed at https://www.thecerbatgem.com/2017/08/28/tocqueville-asset-management-l-p-boosts-stake-in-care-capital-properties-inc-ccp.html.

Several brokerages have recently weighed in on CCP. BidaskClub cut shares of Care Capital Properties from a “sell” rating to a “strong sell” rating in a research report on Wednesday, August 2nd. Mizuho reaffirmed a “neutral” rating on shares of Care Capital Properties in a research report on Wednesday, June 28th. 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. 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. Finally, Hilliard Lyons cut shares of Care Capital Properties from a “buy” rating to a “neutral” rating in a research report on Monday, May 8th. One investment analyst has rated the stock with a sell rating, four have issued a hold rating and one has issued a buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and a consensus price target of $26.00.

About Care Capital Properties

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.