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BidaskClub downgraded Care Capital Properties Inc (NYSE:CCP) to Hold in a report released today.

BidaskClub has downgraded Care Capital Properties Inc (NYSE:CCP) to Hold in a report released on 7/8/2017.

Yesterday Care Capital Properties Inc (NYSE:CCP) traded -1.67% lower at $25.69. The company’s 50-day moving average is $25.54 and its 200-day moving average is $25.99. The last closing price is down -9.21% from the 200-day moving average, compared to the S&P 500 which has increased 0.05% over the same time period. 1,280,007 shares of the stock traded hands, down from an average trading volume of 1,638,180

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Care Capital Properties Inc (NYSE:CCP)

Care Capital Properties Inc has a 52 week low of $22.70 and a 52 week high of $31.56 with a P/E ratio of 8.16 The company’s market cap is currently $0.

In addition to BidaskClub reporting its stock price target, a total of 3 brokers have issued a research note on the company. The average stock price target is $29.67 with 0 brokers rating the stock a strong buy, 0 brokers rating the stock a buy, 3 brokers rating the stock a hold, 0 brokers rating the stock a underperform, and finally 0 brokers rating the stock a sell.

General Information About Care Capital Properties Inc (NYSE:CCP)

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. It also manages a small portfolio of secured and unsecured loans, made primarily to its SNF operators and other post-acute care providers. As of December 31, 2016, its portfolio consisted of 345 properties operated by 38 private regional and local care providers, spread across 36 states and containing a total of approximately 38,000 beds/units. It conducts all of its operations through its operating partnership, Care Capital Properties, LP, and its subsidiaries.

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