NGAM Advisors L.P. boosted its stake in Care Capital Properties, Inc. (NYSE:CCP) by 5.7% during the second quarter, Holdings Channel reports. The firm owned 19,656 shares of the financial services provider’s stock after buying an additional 1,067 shares during the period. NGAM Advisors L.P.’s holdings in Care Capital Properties were worth $525,000 as of its most recent filing with the SEC.
A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Vanguard Group Inc. raised its position in Care Capital Properties by 5.1% in the first quarter. Vanguard Group Inc. now owns 15,235,975 shares of the financial services provider’s stock valued at $409,391,000 after buying an additional 745,627 shares during the period. BlackRock Inc. raised its position in Care Capital Properties by 5,251.5% in the first quarter. BlackRock Inc. now owns 9,272,684 shares of the financial services provider’s stock valued at $249,156,000 after buying an additional 9,099,410 shares during the period. State Street Corp raised its position in Care Capital Properties by 2.6% in the first quarter. State Street Corp now owns 3,480,889 shares of the financial services provider’s stock valued at $93,530,000 after buying an additional 86,869 shares during the period. Geode Capital Management LLC raised its position in Care Capital Properties by 9.1% in the first quarter. Geode Capital Management LLC now owns 1,297,602 shares of the financial services provider’s stock valued at $34,866,000 after buying an additional 108,239 shares during the period. Finally, Dimensional Fund Advisors LP raised its position in Care Capital Properties by 6.1% in the first quarter. Dimensional Fund Advisors LP now owns 1,157,567 shares of the financial services provider’s stock valued at $31,103,000 after buying an additional 67,019 shares during the period. 88.88% of the stock is currently owned by institutional investors.
Care Capital Properties, Inc. (CCP) opened at 24.21 on Friday. The firm has a market cap of $2.04 billion, a price-to-earnings ratio of 8.37 and a beta of 0.38. The stock has a 50 day moving average price of $25.11 and a 200-day moving average price of $25.99. Care Capital Properties, Inc. has a 12-month low of $22.70 and a 12-month high of $31.56.
Several research analysts have commented on CCP shares. BidaskClub lowered Care Capital Properties from a “sell” rating to a “strong sell” rating in a research report on Wednesday, August 2nd. Hilliard Lyons lowered Care Capital Properties from a “buy” rating to a “neutral” rating in a report on Monday, May 8th. Zacks Investment Research raised Care Capital Properties from a “sell” rating to a “hold” rating in a report on Tuesday, May 9th. Mizuho reissued a “neutral” rating on shares of Care Capital Properties in a report on Wednesday, June 28th. Finally, JMP Securities raised Care Capital Properties from an “underperform” rating to a “market perform” rating in a report on Monday, May 8th. One investment analyst has rated the stock with a sell rating, four have given a hold rating and one has given a buy rating to the stock. Care Capital Properties presently has a consensus 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.
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