Brokers Recommendations on: Care Capital Properties, Inc. (CCP)

Paterniano Del Favero
Agosto 13, 2017

Care Capital Properties earned a media sentiment score of 0.17 on Accern's scale. (NYSE:CCP) during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). Amalgamated Bank now owns 13,313 shares of the financial services provider's stock worth $358,000 after buying an additional 65 shares in the last quarter. LLC's holdings, making the stock its 8th largest position.

A number of other hedge funds and other institutional investors also recently modified their holdings of CCP. Forsta AP Fonden raised its position in Care Capital Properties by 101.4% in the second 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 in the last quarter. US Bancorp DE now owns 4,509 shares of the financial services provider's stock valued at $120,000 after buying an additional 103 shares during the period. State of Alaska Department of Revenue raised its stake in shares of Care Capital Properties by 7.9% in the first quarter. Thrivent Financial for Lutherans now owns 36,575 shares of the financial services provider's stock worth $914,000 after buying an additional 1,755 shares in the last quarter. Janney Montgomery Scott LLC acquired a new stake in shares of Care Capital Properties during the first quarter valued at approximately $1,430,000. Ameriprise Financial Inc owns 162,781 shares valued at $4,346,000.

American National Registered Investment Advisor Inc. continued to hold its position in shares of Care Capital Properties, Inc. Glen Harbor Capital Management LLC now owns 78,064 shares of the financial services provider's stock valued at $2,098,000 after buying an additional 26,796 shares during the period.

Care Capital Properties, Inc. has a 52 week low of $22.70 and a 52 week high of $31.56. (NYSE:CCP) traded down 1.11% during midday trading on Tuesday, hitting $24.92. During the session shares traded on above-average volume. The company's 50-day moving average price is $26.01 and its 200-day moving average price is $26.06.

COPYRIGHT VIOLATION WARNING: "Creative Planning Lowers Stake in Care Capital Properties Inc (NYSE:CCP)" was posted by TheOlympiaReport and is the property of of TheOlympiaReport. Earnings, with 2 analysts believing the company would generate an Average Estimate of $0.43.

Care Capital Properties (NYSE:CCP) last released its earnings results on Tuesday, May 9th. It conducts all of its operations through its operating partnership, Care Capital Properties, LP, and its subsidiaries. The business had revenue of $82.80 million during the quarter, compared to the consensus estimate of $83.32 million. The dividend payment was $0.570 per share for the quarter which comes to $2.28 on an annualized basis. On average, equities research analysts predict that Care Capital Properties Inc will post $2.05 earnings per share for the current year. Her Majesty The Queen In Right Of The Province Of Alberta As Represented By Alberta Investment Management Corp now controls 138,600 shares worth $3,724,000. Federated Investors Inc. PA increased its position in shares of Care Capital Properties by 36.5% in the fourth quarter. If you are viewing this news story on another publication, it was stolen and reposted in violation of United States & worldwide copyright and trademark law. The legal version of this news story can be read at https://theolympiareport.com/2017/08/12/care-capital-properties-inc-nyseccp-shares-sold-by-creative-planning-updated.html.

CCP has been the topic of several recent research reports. Finally, 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. Finally, Hilliard Lyons cut Care Capital Properties from a "buy" rating to a "neutral" rating in a research note on Monday, May 8th.

In addition to BidaskClub reporting its stock price target, a total of 3 brokers have issued a research note on the company. Care Capital Properties now has an average rating of "Hold" and a consensus target price of $26.00.

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