ValuEngine Downgrades Quality Care Properties (QCP) to Hold

Quality Care Properties (NYSE:QCP) was downgraded by investment analysts at ValuEngine from a “buy” rating to a “hold” rating in a research note issued on Friday.

Quality Care Properties (QCP) opened at $13.16 on Friday. Quality Care Properties has a twelve month low of $12.57 and a twelve month high of $19.99. The company has a quick ratio of 2.86, a current ratio of 2.86 and a debt-to-equity ratio of 0.63.

Large investors have recently made changes to their positions in the stock. Riverhead Capital Management LLC increased its holdings in Quality Care Properties by 75.8% during the 2nd 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. Alps Advisors Inc. purchased a new position in Quality Care Properties during the 3rd quarter valued at about $156,000. Engineers Gate Manager LP purchased a new position in Quality Care Properties during the 3rd quarter valued at about $168,000. Amalgamated Bank purchased a new position in Quality Care Properties during the 2nd quarter valued at about $237,000. Finally, Citadel Advisors LLC increased its holdings in Quality Care Properties by 220.0% during the 3rd quarter. Citadel Advisors LLC now owns 14,886 shares of the company’s stock valued at $231,000 after purchasing an additional 27,286 shares during the period. Institutional investors own 93.82% of the company’s stock.

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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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