Vanguard Group Inc. increased its position in shares of Care Capital Properties Inc. (NYSE:CCP) by 5.0% during the second quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 13,497,666 shares of the company’s stock after buying an additional 640,290 shares during the period. Vanguard Group Inc. owned approximately 16.08% of Care Capital Properties worth $353,775,000 as of its most recent SEC filing.
A number of other hedge funds and other institutional investors also recently bought and sold shares of the stock. Aperio Group LLC boosted its position in Care Capital Properties by 461.4% in the first quarter. Aperio Group LLC now owns 105,663 shares of the company’s stock worth $2,836,000 after buying an additional 86,841 shares during the last quarter. Virginia Retirement System acquired a new stake in shares of Care Capital Properties during the first quarter valued at about $319,000. Pacad Investment Ltd. acquired a new stake in shares of Care Capital Properties during the first quarter valued at about $424,000. Los Angeles Capital Management & Equity Research Inc. acquired a new stake in shares of Care Capital Properties during the first quarter valued at about $440,000. Finally, TIAA CREF Investment Management LLC boosted its stake in shares of Care Capital Properties by 4.5% in the first quarter. TIAA CREF Investment Management LLC now owns 319,370 shares of the company’s stock valued at $8,572,000 after buying an additional 13,879 shares in the last quarter. 89.66% of the stock is currently owned by institutional investors.
Care Capital Properties Inc. (NYSE:CCP) traded down 0.64% during mid-day trading on Friday, hitting $26.49. 533,334 shares of the company were exchanged. The firm has a 50 day moving average price of $29.03 and a 200 day moving average price of $27.47. The stock has a market cap of $2.22 billion, a price-to-earnings ratio of 16.45 and a beta of 0.43. Care Capital Properties Inc. has a 12 month low of $23.65 and a 12 month high of $34.55.
Care Capital Properties (NYSE:CCP) last posted its quarterly earnings data on Thursday, August 11th. The company reported $0.79 EPS for the quarter, topping analysts’ consensus estimates of $0.76 by $0.03. The firm earned $85.66 million during the quarter, compared to analysts’ expectations of $79.72 million. Care Capital Properties had a return on equity of 11.18% and a net margin of 39.69%. During the same quarter last year, the business posted $0.87 EPS. Analysts anticipate that Care Capital Properties Inc. will post $2.99 EPS for the current fiscal year.
The business also recently disclosed a quarterly dividend, which was paid on Friday, September 30th. Investors of record on Friday, September 16th were given a dividend of $0.57 per share. This represents a $2.28 dividend on an annualized basis and a yield of 8.61%. The ex-dividend date of this dividend was Wednesday, September 14th. Care Capital Properties’s dividend payout ratio is presently 141.61%.
CCP has been the topic of several research reports. Stephens initiated coverage on shares of Care Capital Properties in a research report on Wednesday, September 14th. They set an “overweight” rating and a $33.00 price target on the stock. Zacks Investment Research raised shares of Care Capital Properties from a “hold” rating to a “buy” rating and set a $33.00 price target on the stock in a research report on Tuesday, September 13th. Finally, Mizuho reissued a “neutral” rating and set a $27.00 price target on shares of Care Capital Properties in a research report on Tuesday, July 12th.
Care Capital Properties Company Profile
Care Capital Properties, Inc is a self-administered, self-managed real estate investment trust (REIT) with a diversified portfolio of skilled nursing facilities (SNFs) and other healthcare assets operated by private regional and local care providers. It 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, taxes, insurance and capital expenditures.
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