ValuEngine Downgrades Quality Care Properties (QCP) to Hold

ValuEngine cut shares of Quality Care Properties (NYSE:QCP) from a buy rating to a hold rating in a research report released on Monday morning.

Separately, TheStreet raised shares of Quality Care Properties from a d rating to a c- rating in a report on Thursday, March 15th.

Shares of QCP opened at $20.92 on Monday. The company has a debt-to-equity ratio of 0.65, a current ratio of 3.23 and a quick ratio of 3.23. Quality Care Properties has a 1-year low of $20.96 and a 1-year high of $21.12.

Several institutional investors and hedge funds have recently made changes to their positions in the company. Amundi Pioneer Asset Management Inc. boosted its holdings in Quality Care Properties by 69.7% in the first quarter. Amundi Pioneer Asset Management Inc. now owns 120,043 shares of the company’s stock valued at $2,332,000 after purchasing an additional 49,304 shares during the last quarter. Northwestern Mutual Investment Management Company LLC boosted its holdings in Quality Care Properties by 56.2% in the first quarter. Northwestern Mutual Investment Management Company LLC now owns 19,195 shares of the company’s stock valued at $373,000 after purchasing an additional 6,909 shares during the last quarter. Long Pond Capital LP boosted its holdings in Quality Care Properties by 24.8% in the first quarter. Long Pond Capital LP now owns 4,881,329 shares of the company’s stock valued at $94,844,000 after purchasing an additional 969,433 shares during the last quarter. Eversept Partners LLC boosted its holdings in Quality Care Properties by 314.5% in the first quarter. Eversept Partners LLC now owns 1,030,661 shares of the company’s stock valued at $20,026,000 after purchasing an additional 782,015 shares during the last quarter. Finally, Nomura Asset Management Co. Ltd. boosted its holdings in Quality Care Properties by 9.9% in the first quarter. Nomura Asset Management Co. Ltd. now owns 61,321 shares of the company’s stock valued at $1,192,000 after purchasing an additional 5,540 shares during the last quarter. 98.54% of the stock is currently owned by hedge funds and other institutional investors.

Quality Care Properties Company Profile

Quality Care Properties, Inc is one of the nation's largest actively managed real estate companies focused on post-acute/skilled nursing and memory care/assisted living properties. QCP's properties are located in 29 states and include 257 post-acute/skilled nursing properties, 61 memory care/assisted living properties, a surgical hospital and a medical office building.

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

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