Quality Care Properties Inc. (QCP) Sees Large Growth in Short Interest
Quality Care Properties Inc. (NYSE:QCP) saw a significant growth in short interest in November. As of November 15th, there was short interest totalling 5,798,877 shares, a growth of 75.3% from the October 31st total of 3,307,744 shares. Based on an average daily volume of 963,608 shares, the days-to-cover ratio is currently 6.0 days. Currently, 6.2% of the shares of the stock are sold short.
Separately, ValuEngine raised Quality Care Properties from a “hold” rating to a “buy” rating in a report on Thursday, November 9th.
Quality Care Properties (QCP) opened at $14.58 on Tuesday. Quality Care Properties has a twelve month low of $13.13 and a twelve month high of $19.99. The company has a debt-to-equity ratio of 0.63, a quick ratio of 2.86 and a current ratio of 2.86.
Hedge funds and other institutional investors have recently modified their holdings of the company. Riverhead Capital Management LLC grew its holdings in shares of Quality Care Properties by 75.8% during the second quarter. Riverhead Capital Management LLC now owns 5,625 shares of the company’s stock worth $103,000 after purchasing an additional 2,425 shares in the last quarter. Zurcher Kantonalbank Zurich Cantonalbank grew its holdings 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 purchasing an additional 161 shares in the last quarter. Alps Advisors Inc. purchased a new position in shares of Quality Care Properties during the third quarter worth about $156,000. Cigna Investments Inc. New purchased a new position in shares of Quality Care Properties during the second quarter worth about $186,000. Finally, Engineers Gate Manager LP purchased a new position in shares of Quality Care Properties during the third quarter worth about $168,000. 94.63% of the stock is 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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