Stonebridge Capital Management Inc. Has $315,000 Stake in Care Capital Properties, Inc. (CCP)

Stonebridge Capital Management Inc. held its stake in shares of Care Capital Properties, Inc. (NYSE:CCP) during the second quarter, according to its most recent 13F filing with the SEC. The firm owned 11,800 shares of the financial services provider’s stock at the end of the second quarter. Stonebridge Capital Management Inc.’s holdings in Care Capital Properties were worth $315,000 as of its most recent SEC filing.

Other large investors have also modified their holdings of the company. US Bancorp DE increased its stake in shares of Care Capital Properties by 2.3% in the second quarter. US Bancorp DE now owns 4,509 shares of the financial services provider’s stock valued at $120,000 after buying an additional 103 shares during the last quarter. Cohen Capital Management Inc. acquired a new stake in shares of Care Capital Properties during the first quarter valued at $149,000. Achmea Investment Management B.V. acquired a new stake in shares of Care Capital Properties during the first quarter valued at $169,000. Daiwa Securities Group Inc. increased its stake in shares of Care Capital Properties by 38.3% in the first quarter. Daiwa Securities Group Inc. now owns 6,505 shares of the financial services provider’s stock valued at $175,000 after buying an additional 1,800 shares during the last quarter. Finally, LS Investment Advisors LLC increased its stake in shares of Care Capital Properties by 20.5% in the second quarter. LS Investment Advisors LLC now owns 6,873 shares of the financial services provider’s stock valued at $184,000 after buying an additional 1,169 shares during the last quarter. Hedge funds and other institutional investors own 87.15% of the company’s stock.

Shares of Care Capital Properties, Inc. (NYSE CCP) traded down 1.67% on Friday, reaching $23.60. The company had a trading volume of 1,280,007 shares. Care Capital Properties, Inc. has a 1-year low of $22.70 and a 1-year high of $31.56. The stock has a market capitalization of $1.98 billion, a P/E ratio of 8.16 and a beta of 0.38. The company’s 50 day moving average price is $25.54 and its 200-day moving average price is $25.99.

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Several equities research analysts have recently weighed in on CCP shares. BidaskClub upgraded Care Capital Properties from a “hold” rating to a “buy” rating in a report on Wednesday, June 21st. Zacks Investment Research upgraded Care Capital Properties from a “sell” rating to a “hold” rating in a report on Tuesday, May 9th. JMP Securities upgraded Care Capital Properties from an “underperform” rating to a “market perform” rating in a report on Monday, May 8th. Mizuho reissued a “neutral” rating on shares of Care Capital Properties in a research note on Wednesday, June 28th. Finally, Hilliard Lyons cut Care Capital Properties from a “buy” rating to a “neutral” rating in a research note on Monday, May 8th. 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. Care Capital Properties currently has an average rating of “Hold” and an average price target 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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