The stock of Care Capital Properties Inc (NYSE:CCP) reached all time low today, Nov, 10 and still has $21.99 target or 7.00% below today’s $23.65 share price. This indicates more downside for the $2.02B company. This technical setup was reported by Barchart.com. If the $21.99 PT is reached, the company will be worth $141.40 million less.
Trading stocks at an all time low is not easy. Stock at an all time low usually experience even more downside due to very negative fundament. Even thought the pullback rate is high, shorting is not an easy job because the risk of being wrong is big and the risk-reward ratio is always worse than if trading lon only. About 481,678 shares traded hands. Care Capital Properties Inc (NYSE:CCP) has declined 5.52% since April 8, 2016 and is downtrending. It has underperformed by 11.17% the S&P500.
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 firm has “Neutral” rating given on Thursday, January 7 by Mizuho. The rating was initiated by Goldman Sachs on Thursday, September 24 with “Neutral”. Mizuho maintained the stock with “Buy” rating in Friday, August 12 report.
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: Businesswire.com which released: “Care Capital Properties Reports Third Quarter 2016 Results” on November 10, 2016, also Forbes.com with their article: “Care Capital Properties Hits The Street With a 7.3% Dividend Yield” published on September 09, 2015, 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 Zacks.com‘s news article titled: “Care Capital Properties (CCP) Enters Oversold Territory” with publication date: October 12, 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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