Quality Care Properties (NYSE:QCP) Upgraded to “C-” by TheStreet

TheStreet upgraded shares of Quality Care Properties (NYSE:QCP) from a d rating to a c- rating in a research report report published on Thursday, March 15th.

Separately, ValuEngine downgraded shares of Quality Care Properties from a buy rating to a hold rating in a research report on Friday, February 2nd.

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Quality Care Properties stock traded up $0.29 during midday trading on Thursday, reaching $19.81. 358,755 shares of the stock traded hands, compared to its average volume of 807,326. Quality Care Properties has a fifty-two week low of $12.25 and a fifty-two week high of $20.17. The company has a debt-to-equity ratio of 0.65, a current ratio of 3.43 and a quick ratio of 3.43.

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. BlackRock Inc. raised its holdings in shares of Quality Care Properties by 3.6% in the 4th quarter. BlackRock Inc. now owns 13,837,168 shares of the company’s stock worth $191,092,000 after purchasing an additional 484,436 shares in the last quarter. Silver Point Capital L.P. raised its holdings in shares of Quality Care Properties by 17.7% during the fourth quarter. Silver Point Capital L.P. now owns 7,530,000 shares of the company’s stock valued at $103,989,000 after acquiring an additional 1,133,000 shares during the period. Abrams Capital Management L.P. raised its holdings in shares of Quality Care Properties by 1.6% during the fourth quarter. Abrams Capital Management L.P. now owns 5,077,545 shares of the company’s stock valued at $70,121,000 after acquiring an additional 77,545 shares during the period. JPMorgan Chase & Co. raised its holdings in shares of Quality Care Properties by 13.6% during the third quarter. JPMorgan Chase & Co. now owns 4,122,032 shares of the company’s stock valued at $63,768,000 after acquiring an additional 493,678 shares during the period. Finally, Long Pond Capital LP raised its holdings in shares of Quality Care Properties by 262.3% during the fourth quarter. Long Pond Capital LP now owns 3,911,896 shares of the company’s stock valued at $54,023,000 after acquiring an additional 2,832,183 shares during the period. Institutional investors and hedge funds own 99.77% of the company’s stock.

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About Quality Care Properties

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.

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