Price Don’t Lie: What’s Care Capital Properties Inc Downside After Today’s Big Decline?

Price Don't Lie: What's Care Capital Properties Inc Downside After Today's Big Decline?

The stock of Care Capital Properties Inc (NYSE:CCP) is a huge mover today! About 605,243 shares traded hands or 12.43% up from the average. Care Capital Properties Inc (NYSE:CCP) has declined 1.57% since April 6, 2016 and is downtrending. It has underperformed by 3.52% the S&P500.
The move comes after 9 months negative chart setup for the $2.09B company. It was reported on Nov, 8 by Barchart.com. We have $22.88 PT which if reached, will make NYSE:CCP worth $125.40 million less.

Analysts await Care Capital Properties Inc (NYSE:CCP) to report earnings on November, 10.

Care Capital Properties Inc (NYSE:CCP) Ratings Coverage

Out of 2 analysts covering Care Capital Properties (NYSE:CCP), 1 rate it a “Buy”, 0 “Sell”, while 1 “Hold”. This means 50% are positive. Care Capital Properties has been the topic of 3 analyst reports since September 24, 2015 according to StockzIntelligence Inc. The stock of Care Capital Properties Inc (NYSE:CCP) earned “Neutral” rating by Goldman Sachs on Thursday, September 24. The company was maintained on Friday, August 12 by Mizuho. The firm has “Neutral” rating by Mizuho given on Thursday, January 7.

According to Zacks Investment Research, “Care Capital Properties, Inc. is a real estate investment trust which is engaged in the ownership, acquisition and leasing of skilled nursing facilities and healthcare assets operated by private regional and local care providers. The Company focuses on portfolio of triple-net leased properties focused on the post-acute sector and skilled nursing facilities. Care Capital Properties, Inc. is based in Chicago, United States.”

More notable recent Care Capital Properties Inc (NYSE:CCP) news were published by: Forbes.com which released: “Care Capital Properties Hits The Street With a 7.3% Dividend Yield” on September 09, 2015, also Nasdaq.com with their article: “Care Capital Properties is Oversold” published on November 02, 2016, Seekingalpha.com published: “Where’s The Love For Care Capital Properties?” on October 04, 2016. More interesting news about Care Capital Properties Inc (NYSE:CCP) were released by: Seekingalpha.com and their article: “Care Capital Properties: Time To Check In With This 8% Yielder” published on October 19, 2016 as well as Seekingalpha.com‘s news article titled: “Care Capital Properties Is Poised To Profit” with publication date: July 21, 2016.

CCP Company Profile

Callahan Capital Properties, Inc. incorporated on December 4, 2009, is a real estate private equity firm. The Firm is focused on the acquisition and management of office properties in the central business districts of the United States gateway cities.

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