JMP Securities analyst Peter Martin cut his price target on Capital Senior Living after lowering his Q4 consolidated occupancy estimate for the company to 88.4% from 89.1%. The analyst says that the reduction "is being driven by a 120 basis point fall off in owned properties versus a 400 basis point improvement in leased properties." The analyst lowered his 2017 consolidated occupancy estimate for the company by 50 basis points, and his 2017 adjusted EBITDAR estimate for the company was trimmed to $162.2M from $166.9M. However, he keeps an Outperform rating on the stock.