Shares of the company are trading at $25.50 just a bit lower than the 50 day moving average of $26.68 and which is marginally under the 200 day moving average of $25.93. The 50 day moving average was down $-1.66 or -6.22% whereas the 200 day moving average was down $-0.91 or -3.51%. 1,677K shares changed hands in the last trading session. Shares saw a steep increase in trading volume of 88.17% over the normal average daily volume.
Care Capital Properties, Inc. (NYSE:CCP) has been the object of insider buying activity recently. Jeffrey A. Malehorn, Director purchased $80,178 worth of shares at an average price of $24.67 on Tue the 20th. That brings the Director’s holdings to $283,403 per an SEC filing yesterday. Director John L. Workman acquired 10,000 shares at an average price of $23.76 on November 15th. Workman now owns $533,792 of stock as recorded in a recent Form 4 SEC filing.
Douglas Ii Crocker, Director disclosed the purchase of 20,000 shares of CCP stock. The shares were purchased at an average price of $23.40. Crocker now owns $1,831,990 of the stock according to the SEC filing.
Here are a few additional firms who have increased or decreased their stake in (CCP). Gateway Investment Advisers LLC augmented its position by buying 819 shares an increase of 0.4%. Gateway Investment Advisers LLC owns 187,134 shares valued at $4,996,000. The total value of its holdings decreased 0.2%. As of the end of the quarter Bank Of Montreal /can/ had sold 7,417 shares trimming its holdings by 98.0%. The value of the investment in CCP decreased from $203,000 to $4,000 decreasing 98.0% quarter to quarter.
Pensionfund Dsm Netherlands trimmed its investment by shedding 18,000 shares a decrease of 17.2% as of 06/30/2017. Pensionfund Dsm Netherlands currently owns 86,670 shares with a value of $2,314,000. The value of the position overall is down by 17.7%. As of quarter end Nomura Asset Management Co Ltd had disposed of a total of 2,700 shares trimming its position 4.7%. The value of the investment in Care Capital Properties, Inc. went from $1,423,000 to $1,457,000 a change of 2.4% since the last quarter.
On September 14 analysts at Stephens & Co. began coverage with an initial rating of “Overweight” and a price target of $33.00. On July 18 the company was changed to a “Buy” according to a Mizuho Securities report which is up from the previous “Neutral” rating.
Equity analyst Mizuho Securities released its first research report on the stock with a rating of “Neutral”. Goldman Sachs initiated coverage on CCP by announcing an initial rating of “Neutral” and price target of $36.00.
In the market the company is trading up since yesterday’s close of $25.02. Additionally the company recently announced a dividend for shareholders that was paid on Friday the 30th of June 2017. The dividend payment was $0.570 per share for the quarter or $2.28 on an annualized basis. This dividend represents a yeild of $8.88 which is the dividend as a percentage of the current share price. The ex-dividend date was Wednesday the 7th of June 2017.
Care Capital Properties, Inc. currently has a P/E ratio of 13.32 and the market cap of the company is 2.10B. As of the latest earnings report the EPS was $1.88 and is estimated to be $2.05 for the current year with 84,049,000 shares presently outstanding. Next quarter’s EPS is expected be $0.43 with next year’s EPS anticipated to be $1.79.
Care Capital Properties, Inc., launched on April 2, 2015, 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. 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, taxes, insurance and capital expenditures. In addition, it originates and manages a small portfolio of secured and unsecured loans, made primarily to its SNF operators and other post-acute care providers. As of December 31, 2016, its portfolio consisted of 345 properties operated by 38 private regional and local care providers, spread across 36 states and containing a total of approximately 38,000 beds/units. The Company conducts all of its operations through its operating partnership, Care Capital Properties, LP (Care Capital LP), and its subsidiaries..