Quality Care Properties Inc. (QCP) Short Interest Up 75.3% in November
Quality Care Properties Inc. (NYSE:QCP) saw a large increase in short interest in November. As of November 15th, there was short interest totalling 5,798,877 shares, an increase of 75.3% from the October 31st total of 3,307,744 shares. Based on an average daily volume of 963,608 shares, the short-interest ratio is presently 6.0 days. Approximately 6.2% of the shares of the stock are short sold.
Quality Care Properties (NYSE:QCP) opened at $14.69 on Friday. 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 has a twelve month low of $13.13 and a twelve month high of $19.99.
Separately, ValuEngine raised Quality Care Properties from a “hold” rating to a “buy” rating in a report on Thursday, November 9th.
A number of hedge funds and other institutional investors have recently bought and sold shares of QCP. BlackRock Inc. lifted its holdings 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 purchasing an additional 1,972,639 shares in the last quarter. Silver Point Capital L.P. lifted its holdings in Quality Care Properties by 25.7% in the 3rd quarter. Silver Point Capital L.P. now owns 6,397,000 shares of the company’s stock worth $99,154,000 after purchasing an additional 1,306,000 shares in the last quarter. Long Pond Capital LP purchased a new position in Quality Care Properties in the 3rd quarter worth approximately $16,736,000. Arrowstreet Capital Limited Partnership lifted its holdings in Quality Care Properties by 475.1% in the 2nd quarter. Arrowstreet Capital Limited Partnership now owns 970,844 shares of the company’s stock worth $17,776,000 after purchasing an additional 802,019 shares in the last quarter. Finally, Davidson Kempner Capital Management LP purchased a new position in Quality Care Properties in the 3rd quarter worth approximately $11,160,000. 94.59% of the stock is currently owned by institutional investors.
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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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