New York State Common Retirement Fund cut its holdings in Quality Care Properties Inc. (NYSE:QCP) by 51.1% during the second quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 101,100 shares of the company’s stock after selling 105,541 shares during the quarter. New York State Common Retirement Fund owned about 0.11% of Quality Care Properties worth $1,851,000 as of its most recent filing with the SEC.
Other hedge funds and other institutional investors have also bought and sold shares of the company. Riverhead Capital Management LLC increased its stake in Quality Care Properties by 75.8% in the second quarter. Riverhead Capital Management LLC now owns 5,625 shares of the company’s stock valued at $103,000 after purchasing an additional 2,425 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank increased its stake in shares of Quality Care Properties by 2.6% during the second quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 6,425 shares of the company’s stock worth $118,000 after acquiring an additional 161 shares during the period. Cigna Investments Inc. New acquired a new position in shares of Quality Care Properties during the second quarter worth about $186,000. ARP Americas LLC acquired a new position in shares of Quality Care Properties during the second quarter worth about $226,000. Finally, Amalgamated Bank acquired a new position in shares of Quality Care Properties during the second quarter worth about $237,000. Institutional investors own 92.56% of the company’s stock.
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Separately, ValuEngine upgraded shares of Quality Care Properties from a “hold” rating to a “buy” rating in a research note on Thursday.
Shares of Quality Care Properties Inc. (NYSE:QCP) traded down $0.98 during trading on Friday, hitting $15.37. 1,899,600 shares of the stock were exchanged, compared to its average volume of 812,207. Quality Care Properties Inc. has a twelve month low of $13.13 and a twelve month high of $19.99. The company has a current ratio of 3.12, a quick ratio of 3.12 and a debt-to-equity ratio of 0.63.
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.
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