November 29, 2016 - By Marguerite Chambers · 0 Comments
The stock of Care Capital Properties Incorporated (NYSE:CCP) registered an increase of 2.41% in short interest. CCP’s total short interest was 6.12 million shares in November as published by FINRA. Its up 2.41% from 5.97M shares, reported previously. With 407,900 shares average volume, it will take short sellers 15 days to cover their CCP’s short positions. The short interest to Care Capital Properties Incorporated’s float is 7.33%. The stock decreased 0.67% or $0.16 during the last trading session, hitting $23.64. Care Capital Properties Inc (NYSE:CCP) has declined 11.79% since April 26, 2016 and is downtrending. It has underperformed by 17.05% the S&P500.
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 has a market cap of $2.02 billion. 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. It has a 16.81 P/E ratio. It originates and manages a small portfolio of secured and unsecured loans, made to its SNF operators and other post-acute care providers.
Out of 2 analysts covering Care Capital Properties (NYSE:CCP), 1 rate it a “Buy”, 0 “Sell”, while 1 “Hold”. This means 50% are positive. Care Capital Properties has been the topic of 4 analyst reports since September 24, 2015 according to StockzIntelligence Inc. On Thursday, January 7 the stock rating was initiated by Mizuho with “Neutral”. Goldman Sachs initiated Care Capital Properties Inc (NYSE:CCP) rating on Thursday, September 24. Goldman Sachs has “Neutral” rating and $36 price target. The stock of Care Capital Properties Inc (NYSE:CCP) earned “Buy” rating by Mizuho on Friday, November 11. The firm earned “Buy” rating on Friday, August 12 by Mizuho.
Callahan Capital Properties, Inc. incorporated on December 4, 2009, is a real estate private equity firm. The Firm is focused on the acquisition and management of office properties in the central business districts of the United States gateway cities.
More notable recent Care Capital Properties Inc (NYSE:CCP) news were published by: Forbes.com which released: “Care Capital Properties Hits The Street With a 7.3% Dividend Yield” on September 09, 2015, also Nasdaq.com with their article: “Care Capital Properties is Oversold” published on October 27, 2016, Seekingalpha.com published: “Where’s The Love For Care Capital Properties?” on October 04, 2016. More interesting news about Care Capital Properties Inc (NYSE:CCP) were released by: Businesswire.com and their article: “Care Capital Properties, Inc. Begins Operating as Independent, Publicly Traded …” published on August 18, 2015 as well as Seekingalpha.com‘s news article titled: “Care Capital Properties Is Poised To Profit” with publication date: July 21, 2016.
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By Marguerite Chambers