JMP Securities Initiates Coverage On Care Capital Properties Inc to Market Underperform with Price Target $20

JMP Securities Initiates Coverage On Care Capital Properties Inc(CCP). In a research note issued to the investors, the brokerage major Announces the price-target to $20 per share. The shares have been rated Market Underperform. The rating by the stock financial advisor at JMP Securities was issued on Feb 13, 2017 in a research report to their Investors and Clients.

In a different note, On Dec 16, 2016, Mizuho said it Downgrades its rating on Care Capital Properties Inc. According to the research note, Mizuho Lowers the price target to $25 per share from a prior target of $26. The shares have been rated ‘Neutral’ by the firm.

Care Capital Properties Inc (CCP) made into the market gainers list on Wednesdays trading session with the shares advancing 0.36% or 0.09 points. Due to strong positive momentum, the stock ended at $25.2, which is also near the day’s high of $25.26. The stock began the session at $25.1 and the volume stood at 5,62,169 shares. The 52-week high of the shares is $31.56 and the 52 week low is $22.6988. The company has a current market capitalization of $2,116 M and it has 8,39,60,353 shares in outstanding.

Care Capital Properties Inc(CCP) last announced its earnings results on Nov 10, 2016 for Fiscal Year 2016 and Q3.Earnings per share were $0.75.

Several Insider Transactions has been reported to the SEC. On Dec 21, 2016, Jeffrey A. Malehorn (director) purchased 3,250 shares at $24.67 per share price.Also, On Nov 16, 2016, Douglas Ii Crocker (director) purchased 20,000 shares at $23.41 per share price.On Nov 16, 2016, John L Workman (director) purchased 10,000 shares at $23.76 per share price, according to the Form-4 filing with the securities and exchange commission.

Care Capital Properties Inc. (CCP) is a real estate investment trust (REIT). The Company is engaged in the ownership acquisition and leasing of skilled nursing facilities (SNFs) and other healthcare assets operated by private regional and local care providers. Its portfolio includes approximately 355 properties. It operates in the triple-net leased properties segment. It invests in SNFs and other healthcare properties throughout the United States and leases those properties to healthcare operating companies under triple-net or absolute-net leases. Its specialty hospitals and healthcare assets include hospitals focused on providing children’s care inpatient rehabilitation facilities long-term acute care hospitals and personal care facilities. Its senior housing communities include independent and assisted living communities continuing care retirement communities and communities providing care for individuals with Alzheimer’s disease and other forms of dementia or memory loss.

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