Bank of New York Mellon Corp Has $19.13 Million Stake in Quality Care Properties Inc (QCP)

Bank of New York Mellon Corp lifted its holdings in shares of Quality Care Properties Inc (NYSE:QCP) by 0.9% during the 3rd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 1,234,403 shares of the company’s stock after purchasing an additional 11,238 shares during the quarter. Bank of New York Mellon Corp owned about 1.32% of Quality Care Properties worth $19,134,000 as of its most recent SEC filing.

Several other hedge funds have also bought and sold shares of QCP. BlackRock Inc. boosted its holdings in Quality Care Properties by 17.2% in the second quarter. BlackRock Inc. now owns 13,445,890 shares of the company’s stock valued at $246,195,000 after acquiring an additional 1,972,639 shares during the last quarter. Silver Point Capital L.P. boosted its holdings in Quality Care Properties by 31.6% in the second quarter. Silver Point Capital L.P. now owns 5,091,000 shares of the company’s stock valued at $93,216,000 after acquiring an additional 1,221,000 shares during the last quarter. Arrowstreet Capital Limited Partnership boosted its holdings in Quality Care Properties by 475.1% in the second quarter. Arrowstreet Capital Limited Partnership now owns 970,844 shares of the company’s stock valued at $17,776,000 after acquiring an additional 802,019 shares during the last quarter. Northern Trust Corp boosted its holdings in Quality Care Properties by 55.4% in the second quarter. Northern Trust Corp now owns 1,907,144 shares of the company’s stock valued at $34,921,000 after acquiring an additional 680,039 shares during the last quarter. Finally, FMR LLC boosted its holdings in Quality Care Properties by 111.4% in the second quarter. FMR LLC now owns 1,179,112 shares of the company’s stock valued at $21,590,000 after acquiring an additional 621,442 shares during the last quarter. Institutional investors and hedge funds own 94.63% of the company’s stock.

Separately, ValuEngine upgraded Quality Care Properties from a “hold” rating to a “buy” rating in a report on Thursday, November 9th.

Quality Care Properties Inc (NYSE:QCP) opened at $14.72 on Friday. Quality Care Properties Inc has a fifty-two week low of $13.13 and a fifty-two week high of $19.99. The company has a debt-to-equity ratio of 0.63, a current ratio of 2.86 and a quick ratio of 2.86.

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About Quality Care Properties

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.

Institutional Ownership by Quarter for Quality Care Properties (NYSE:QCP)

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