State of Tennessee Treasury Department Takes Position in Care Capital Properties Inc (CCP)

State of Tennessee Treasury Department bought a new stake in Care Capital Properties Inc (NYSE:CCP) during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission. The firm bought 162,422 shares of the financial services provider’s stock, valued at approximately $4,337,000. State of Tennessee Treasury Department owned about 0.19% of Care Capital Properties at the end of the most recent quarter.

Other hedge funds also recently made changes to their positions in the company. Enterprise Financial Services Corp grew its stake in shares of Care Capital Properties by 432.0% in the 2nd quarter. Enterprise Financial Services Corp now owns 3,841 shares of the financial services provider’s stock valued at $103,000 after purchasing an additional 3,119 shares during the last quarter. US Bancorp DE grew its stake in shares of Care Capital Properties by 2.3% in the 2nd quarter. US Bancorp DE now owns 4,509 shares of the financial services provider’s stock valued at $120,000 after purchasing an additional 103 shares during the last quarter. Achmea Investment Management B.V. purchased a new position in shares of Care Capital Properties in the 1st quarter valued at approximately $169,000. Daiwa Securities Group Inc. grew its stake in shares of Care Capital Properties by 38.3% in the 1st quarter. Daiwa Securities Group Inc. now owns 6,505 shares of the financial services provider’s stock valued at $175,000 after purchasing an additional 1,800 shares during the last quarter. Finally, LS Investment Advisors LLC grew its stake in shares of Care Capital Properties by 20.5% in the 2nd quarter. LS Investment Advisors LLC now owns 6,873 shares of the financial services provider’s stock valued at $184,000 after purchasing an additional 1,169 shares during the last quarter. Institutional investors own 88.88% of the company’s stock.

Care Capital Properties Inc (CCP) opened at 24.21 on Wednesday. Care Capital Properties Inc has a 52 week low of $22.70 and a 52 week high of $30.21.

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Several brokerages have weighed in on CCP. BidaskClub downgraded Care Capital Properties from a “sell” rating to a “strong sell” rating in a research note on Wednesday, August 2nd. Mizuho reiterated a “neutral” rating on shares of Care Capital Properties in a research note on Wednesday, June 28th. One investment analyst has rated the stock with a sell rating, four have assigned a hold rating and one has given a buy rating to the company’s stock. The stock has an average rating of “Hold” and a consensus target price of $26.00.

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

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