Quality Care Properties Inc (QCP) Position Boosted by Allianz Asset Management GmbH
Allianz Asset Management GmbH increased its position in shares of Quality Care Properties Inc (NYSE:QCP) by 471.9% in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 223,283 shares of the company’s stock after purchasing an additional 184,238 shares during the period. Allianz Asset Management GmbH owned approximately 0.24% of Quality Care Properties worth $3,461,000 at the end of the most recent quarter.
Other institutional investors also recently added to or reduced their stakes in the company. Sei Investments Co. boosted its holdings in shares of Quality Care Properties by 5.4% in the 2nd quarter. Sei Investments Co. now owns 46,622 shares of the company’s stock valued at $854,000 after acquiring an additional 2,370 shares during the last quarter. Cigna Investments Inc. New purchased a new stake in Quality Care Properties during the second quarter worth $186,000. Schwab Charles Investment Management Inc. boosted its holdings in Quality Care Properties by 65.7% during the second quarter. Schwab Charles Investment Management Inc. now owns 1,017,273 shares of the company’s stock worth $18,627,000 after buying an additional 403,430 shares in the last quarter. Arizona State Retirement System boosted its holdings in Quality Care Properties by 1.5% during the second quarter. Arizona State Retirement System now owns 39,500 shares of the company’s stock worth $723,000 after buying an additional 600 shares in the last quarter. Finally, Rhumbline Advisers boosted its holdings in Quality Care Properties by 14.8% during the second quarter. Rhumbline Advisers now owns 211,747 shares of the company’s stock worth $3,877,000 after buying an additional 27,267 shares in the last quarter. 94.61% of the stock is owned by institutional investors.
Separately, ValuEngine raised shares of Quality Care Properties from a “hold” rating to a “buy” rating in a report on Thursday, November 9th.
Shares of Quality Care Properties Inc (NYSE QCP) opened at $14.02 on Friday. The company has a market cap of $1,320.00 and a PE ratio of -2.69. The company has a debt-to-equity ratio of 0.63, a current ratio of 2.86 and a quick ratio of 2.86. Quality Care Properties Inc has a 12-month low of $13.13 and a 12-month high of $19.99.
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.
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