GAM Holding AG grew its stake in Care Capital Properties Inc (NYSE:CCP) by 5.7% in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 7,361 shares of the financial services provider’s stock after acquiring an additional 400 shares during the period. GAM Holding AG’s holdings in Care Capital Properties were worth $197,000 at the end of the most recent quarter.
Other hedge funds and other institutional investors also recently made changes to their positions in the company. Virginia Retirement Systems ET AL grew its holdings in Care Capital Properties by 43.5% during the second quarter. Virginia Retirement Systems ET AL now owns 176,375 shares of the financial services provider’s stock worth $4,709,000 after purchasing an additional 53,500 shares during the period. Tocqueville Asset Management L.P. grew its holdings in Care Capital Properties by 24.3% during the second quarter. Tocqueville Asset Management L.P. now owns 38,389 shares of the financial services provider’s stock worth $1,025,000 after purchasing an additional 7,500 shares during the period. Wayne Hummer Investments L.L.C. bought a new position in Care Capital Properties during the second quarter worth about $218,000. Marshall Wace North America L.P. bought a new position in Care Capital Properties during the second quarter worth about $1,814,000. Finally, BNP Paribas Arbitrage SA lifted its position in Care Capital Properties by 159.4% during the second quarter. BNP Paribas Arbitrage SA now owns 125,534 shares of the financial services provider’s stock worth $3,352,000 after acquiring an additional 77,135 shares during the last quarter. Institutional investors own 88.88% of the company’s stock.
Several equities research analysts have issued reports on the stock. Mizuho restated a “neutral” rating on shares of Care Capital Properties in a research report on Wednesday, June 28th. BidaskClub downgraded shares of Care Capital Properties from a “buy” rating to a “hold” rating in a research report on Saturday, July 8th. One investment analyst has rated the stock with a sell rating and four have assigned a hold rating to the company’s stock. Care Capital Properties has an average rating of “Hold” and a consensus target price of $23.67.
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Care Capital Properties Inc (CCP) traded up 1.81% during midday trading on Friday, hitting $24.21. 10,513,975 shares of the stock were exchanged. Care Capital Properties Inc has a 1-year low of $22.70 and a 1-year high of $29.17.
Care Capital Properties 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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