Quality Care Properties Inc. (QCP) Sees Large Decline in Short Interest

Quality Care Properties Inc. (NYSE:QCP) was the target of a large decrease in short interest during the month of August. As of August 31st, there was short interest totalling 4,103,617 shares, a decrease of 33.0% from the August 15th total of 6,122,999 shares. Based on an average daily volume of 1,069,043 shares, the short-interest ratio is currently 3.8 days. Currently, 4.4% of the company’s shares are short sold.

Quality Care Properties (NYSE QCP) opened at 14.45 on Tuesday. The stock has a 50 day moving average price of $14.36 and a 200 day moving average price of $15.04. Quality Care Properties has a 52 week low of $11.57 and a 52 week high of $19.50. The firm’s market cap is $1.36 billion.

A number of institutional investors have recently added to or reduced their stakes in the business. Teacher Retirement System of Texas increased its position in Quality Care Properties by 0.4% during the second quarter. Teacher Retirement System of Texas now owns 34,581 shares of the company’s stock worth $633,000 after buying an additional 122 shares in the last quarter. Zurcher Kantonalbank Zurich Cantonalbank increased its position in 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 buying an additional 161 shares in the last quarter. Texas Permanent School Fund increased its position in Quality Care Properties by 0.8% during the second quarter. Texas Permanent School Fund now owns 68,336 shares of the company’s stock worth $1,251,000 after buying an additional 573 shares in the last quarter. Arizona State Retirement System increased its position in Quality Care Properties by 1.5% during the second quarter. Arizona State Retirement System now owns 39,500 shares of the company’s stock worth $723,000 after buying an additional 600 shares in the last quarter. Finally, Sei Investments Co. increased its position in Quality Care Properties by 5.4% during the second quarter. Sei Investments Co. now owns 46,622 shares of the company’s stock worth $854,000 after buying an additional 2,370 shares in the last quarter. 93.98% of the stock is owned by institutional investors.

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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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