State Treasurer State of Michigan reduced its holdings in Quality Care Properties Inc. (NYSE:QCP) by 8.8% during the third quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 35,233 shares of the company’s stock after selling 3,400 shares during the quarter. State Treasurer State of Michigan’s holdings in Quality Care Properties were worth $546,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also made changes to their positions in QCP. BlackRock Inc. increased its stake in Quality Care Properties by 17.2% in the 2nd quarter. BlackRock Inc. now owns 13,445,890 shares of the company’s stock worth $246,195,000 after acquiring an additional 1,972,639 shares during the last quarter. Silver Point Capital L.P. increased its position in shares of Quality Care Properties by 31.6% during the 2nd quarter. Silver Point Capital L.P. now owns 5,091,000 shares of the company’s stock valued at $93,216,000 after purchasing an additional 1,221,000 shares during the last quarter. Acadian Asset Management LLC increased its position in shares of Quality Care Properties by 59.8% during the 2nd quarter. Acadian Asset Management LLC now owns 3,125,151 shares of the company’s stock valued at $57,223,000 after purchasing an additional 1,169,863 shares during the last quarter. Arrowstreet Capital Limited Partnership increased its position in shares of Quality Care Properties by 475.1% during the 2nd quarter. Arrowstreet Capital Limited Partnership now owns 970,844 shares of the company’s stock valued at $17,776,000 after purchasing an additional 802,019 shares during the last quarter. Finally, Northern Trust Corp increased its position in shares of Quality Care Properties by 55.4% during the 2nd quarter. Northern Trust Corp now owns 1,907,144 shares of the company’s stock valued at $34,921,000 after purchasing an additional 680,039 shares during the last quarter. Institutional investors and hedge funds own 92.56% of the company’s stock.

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Quality Care Properties Inc. (QCP) opened at $15.37 on Friday. The company has a debt-to-equity ratio of 0.63, a quick ratio of 3.12 and a current ratio of 3.12. Quality Care Properties Inc. has a 1 year low of $12.96 and a 1 year high of $19.99.

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

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

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