Neuberger Berman Group LLC Has $4.29 Million Position in Care Capital Properties Inc (CCP)

Neuberger Berman Group LLC lessened its stake in Care Capital Properties Inc (NYSE:CCP) by 5.3% in the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 160,648 shares of the financial services provider’s stock after selling 8,915 shares during the quarter. Neuberger Berman Group LLC owned about 0.19% of Care Capital Properties worth $4,289,000 at the end of the most recent reporting period.

A number of other hedge funds also recently bought and sold shares of the stock. Vanguard Group Inc. raised its stake in Care Capital Properties by 5.1% in the first quarter. Vanguard Group Inc. now owns 15,235,975 shares of the financial services provider’s stock valued at $409,391,000 after purchasing an additional 745,627 shares in the last quarter. BlackRock Inc. raised its stake in Care Capital Properties by 5,251.5% in the first quarter. BlackRock Inc. now owns 9,272,684 shares of the financial services provider’s stock valued at $249,156,000 after purchasing an additional 9,099,410 shares in the last quarter. State Street Corp raised its stake in Care Capital Properties by 2.6% in the first quarter. State Street Corp now owns 3,480,889 shares of the financial services provider’s stock valued at $93,530,000 after purchasing an additional 86,869 shares in the last quarter. Bank of New York Mellon Corp raised its stake in Care Capital Properties by 39.4% in the second quarter. Bank of New York Mellon Corp now owns 3,402,958 shares of the financial services provider’s stock valued at $90,858,000 after purchasing an additional 961,309 shares in the last quarter. Finally, American Century Companies Inc. raised its stake in Care Capital Properties by 90.0% in the second quarter. American Century Companies Inc. now owns 1,330,818 shares of the financial services provider’s stock valued at $35,533,000 after purchasing an additional 630,316 shares in the last quarter. 88.88% of the stock is owned by institutional investors and hedge funds.

A number of research firms recently commented 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 reaffirmed a “neutral” rating on shares of Care Capital Properties in a research note on Wednesday, June 28th. One analyst has rated the stock with a sell rating, four have given a hold rating and one has issued a buy rating to the stock. The stock presently has an average rating of “Hold” and an average target price of $26.00.

Care Capital Properties Inc (NYSE CCP) opened at 24.21 on Wednesday. Care Capital Properties Inc has a 1-year low of $22.70 and a 1-year high of $30.21.

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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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