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J.J.B. Hilliard W.L. Lyons LLC raises Care Capital Properties Inc. to 'long term buy'

J.J.B.Hilliard W.L. Lyons LLC analyst John Roberts upgraded his investment opinionof Care Capital PropertiesInc. to "long term buy" from "neutral," with aprice target of $35.

The analyst wrote in a research report: "With CCPshares having traded down while the peer group has traded up, we are raisingour rating on CCP to Long-term Buy based on valuation. CCP's 8.3% yield looksvery attractive in the current interest rate environment, sitting over threepercentage points above the peer group. While we are fine-tuning our estimatesdown a little, we still see significant value here despite some uncertaintywith a general lack of history. We note that the shares are trading at only 8.8times our 2017 estimate, compared to the peer group average of 13.1 times, anddirect competitor Omega Healthcare Investor's 9.5 multiple."