Care Capital Properties, Inc. (NYSE:CCP) Position Reduced by California Public Employees Retirement System

California Public Employees Retirement System decreased its position in Care Capital Properties, Inc. (NYSE:CCP) by 30.5% during the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 168,453 shares of the financial services provider’s stock after selling 73,775 shares during the period. California Public Employees Retirement System owned 0.20% of Care Capital Properties worth $4,526,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently made changes to their positions in the company. Norges Bank purchased a new stake in shares of Care Capital Properties during the fourth quarter worth about $22,220,000. American Century Companies Inc. purchased a new stake in shares of Care Capital Properties during the first quarter worth about $18,822,000. Wells Fargo & Company MN raised its stake in shares of Care Capital Properties by 237.4% in the first quarter. Wells Fargo & Company MN now owns 614,307 shares of the financial services provider’s stock worth $16,506,000 after buying an additional 432,262 shares during the period. Kestrel Investment Management Corp purchased a new stake in shares of Care Capital Properties during the first quarter worth about $8,439,000. Finally, Los Angeles Capital Management & Equity Research Inc. raised its stake in shares of Care Capital Properties by 134.4% in the first quarter. Los Angeles Capital Management & Equity Research Inc. now owns 391,886 shares of the financial services provider’s stock worth $10,530,000 after buying an additional 224,700 shares during the period. Hedge funds and other institutional investors own 87.15% of the company’s stock.

Care Capital Properties, Inc. (NYSE CCP) traded down 1.11% during midday trading on Tuesday, reaching $24.92. 583,796 shares of the company traded hands. The firm has a 50 day moving average of $25.89 and a 200-day moving average of $26.02. Care Capital Properties, Inc. has a 12 month low of $22.70 and a 12 month high of $31.56. The stock has a market capitalization of $2.09 billion, a price-to-earnings ratio of 13.26 and a beta of 0.38.

Care Capital Properties (NYSE:CCP) last announced its earnings results on Tuesday, May 9th. The financial services provider reported $0.68 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.42 by $0.26. Care Capital Properties had a return on equity of 20.38% and a net margin of 65.25%. The business had revenue of $82.80 million for the quarter, compared to analysts’ expectations of $83.32 million. The firm’s revenue was down 2.0% compared to the same quarter last year. Analysts forecast that Care Capital Properties, Inc. will post $2.05 EPS for the current fiscal year.

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CCP has been the topic of a number of analyst reports. 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 raised shares of Care Capital Properties from a “sell” rating to a “hold” rating in a research note on Tuesday, May 9th. BidaskClub raised shares of Care Capital Properties from a “hold” rating to a “buy” rating in a research note on Wednesday, June 21st. Hilliard Lyons downgraded shares of Care Capital Properties from a “buy” rating to a “neutral” rating in a research note on Monday, May 8th. Finally, Mizuho reaffirmed a “neutral” rating on shares of Care Capital Properties in a research note on Wednesday, June 28th. One analyst has rated the stock with a sell rating, four have given a hold rating and one has issued a buy rating to the company’s stock. The company has a consensus rating of “Hold” and an average 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.

Institutional Ownership by Quarter for Care Capital Properties (NYSE:CCP)

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