Enterprise Financial Services Corp raised its stake in Care Capital Properties, Inc. (NYSE:CCP) by 432.0% during the second quarter, according to its most recent disclosure with the SEC. The firm owned 3,841 shares of the financial services provider’s stock after buying an additional 3,119 shares during the period. Enterprise Financial Services Corp’s holdings in Care Capital Properties were worth $103,000 as of its most recent filing with the SEC.
Several other large investors have also modified their holdings of CCP. FMR LLC boosted its stake in shares of 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 in the last quarter. Norges Bank acquired a new stake in shares of Care Capital Properties during the fourth quarter valued at approximately $22,220,000. Denali Advisors LLC boosted its stake in shares of 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 in the last quarter. Creative Planning boosted its stake in shares of Care Capital Properties by 11.7% in the first quarter. Creative Planning now owns 13,637 shares of the financial services provider’s stock valued at $366,000 after buying an additional 1,430 shares in the last quarter. Finally, Bank of Montreal Can boosted its stake in shares of Care Capital Properties by 1,745.7% in the first quarter. Bank of Montreal Can now owns 8,933 shares of the financial services provider’s stock valued at $239,000 after buying an additional 8,449 shares in the last quarter. Institutional investors own 87.22% of the company’s stock.
Care Capital Properties, Inc. (CCP) opened at 24.22 on Tuesday. Care Capital Properties, Inc. has a one year low of $22.70 and a one year high of $31.56. The company’s 50-day moving average is $26.03 and its 200-day moving average is $26.06. The firm has a market cap of $2.04 billion, a PE ratio of 12.89 and a beta of 0.42.
Care Capital Properties (NYSE:CCP) last released its earnings results on Tuesday, May 9th. The financial services provider reported $0.68 earnings per share for the quarter, beating analysts’ consensus estimates of $0.42 by $0.26. The business had revenue of $82.80 million during 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 business’s quarterly revenue was down 2.0% compared to the same quarter last year. On average, analysts forecast that Care Capital Properties, Inc. will post $2.05 earnings per share for the current fiscal year.
CCP has been the subject of several analyst reports. Hilliard Lyons cut shares of Care Capital Properties from a “buy” rating to a “neutral” rating in a research report on Monday, May 8th. JMP Securities upgraded 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 upgraded shares of Care Capital Properties from a “sell” rating to a “hold” rating in a report on Tuesday, May 9th. BidaskClub cut shares of Care Capital Properties from a “hold” rating to a “sell” rating in a report on Friday, June 9th. Finally, Mizuho restated a “neutral” rating on shares of Care Capital Properties in a report on Wednesday, June 28th. One investment analyst has rated the stock with a sell rating, four have assigned a hold rating and one has assigned a buy rating to the company’s stock. The company currently has an average 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.
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