Quality Care Properties Inc. (QCP) Upgraded at ValuEngine

ValuEngine upgraded shares of Quality Care Properties Inc. (NYSE:QCP) from a hold rating to a buy rating in a report issued on Thursday, November 9th.

Shares of Quality Care Properties (NYSE QCP) traded up $0.22 on Thursday, reaching $14.77. The company’s stock had a trading volume of 546,537 shares, compared to its average volume of 750,477. Quality Care Properties has a 12-month low of $13.13 and a 12-month high of $19.99. The company has a current ratio of 2.86, a quick ratio of 2.86 and a debt-to-equity ratio of 0.63.

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Hedge funds and other institutional investors have recently modified their holdings of the business. Vanguard Group Inc. raised its holdings in shares of Quality Care Properties by 0.6% in the 2nd quarter. Vanguard Group Inc. now owns 15,090,321 shares of the company’s stock valued at $276,304,000 after acquiring an additional 93,898 shares in the last quarter. BlackRock Inc. raised its holdings in shares of Quality Care Properties by 17.2% during the 2nd quarter. BlackRock Inc. now owns 13,445,890 shares of the company’s stock valued at $246,195,000 after buying an additional 1,972,639 shares in the last quarter. Silver Point Capital L.P. raised its holdings in shares of Quality Care Properties by 25.7% during the 3rd quarter. Silver Point Capital L.P. now owns 6,397,000 shares of the company’s stock valued at $99,154,000 after buying an additional 1,306,000 shares in the last quarter. State Street Corp raised its holdings in shares of Quality Care Properties by 16.3% during the 2nd quarter. State Street Corp now owns 4,421,873 shares of the company’s stock valued at $80,965,000 after buying an additional 619,691 shares in the last quarter. Finally, JPMorgan Chase & Co. grew its position in Quality Care Properties by 13.6% during the 3rd quarter. JPMorgan Chase & Co. now owns 4,122,032 shares of the company’s stock worth $63,768,000 after acquiring an additional 493,678 shares during the last quarter. Institutional investors and hedge funds own 91.44% of the company’s stock.

Quality Care Properties Company Profile

Quality Care Properties, Inc is a self-managed and self-administered real estate investment trust. The Company is focused on post-acute/skilled nursing and memory care/assisted living properties. As of June 30, 2016, the Company’s portfolio included 274 post-acute/skilled nursing properties, 62 memory care/assisted living properties, a surgical hospital and a medical office building (MOB) across 30 states of the United States.

To view ValuEngine’s full report, visit ValuEngine’s official website.

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