First Trust Advisors LP lessened its position in shares of Quality Care Properties Inc (NYSE:QCP) by 23.2% in the second quarter, according to its most recent filing with the SEC. The firm owned 14,053 shares of the company’s stock after selling 4,254 shares during the quarter. First Trust Advisors LP’s holdings in Quality Care Properties were worth $302,000 at the end of the most recent quarter.
A number of other large investors have also recently added to or reduced their stakes in QCP. Eii Capital Management Inc. acquired a new stake in shares of Quality Care Properties during the 2nd quarter worth approximately $167,000. OMERS ADMINISTRATION Corp acquired a new stake in shares of Quality Care Properties during the 1st quarter worth approximately $222,000. Xact Kapitalforvaltning AB grew its position in shares of Quality Care Properties by 37.0% during the 1st quarter. Xact Kapitalforvaltning AB now owns 16,304 shares of the company’s stock worth $317,000 after buying an additional 4,400 shares during the period. Northwestern Mutual Investment Management Company LLC grew its position in shares of Quality Care Properties by 56.2% during the 1st quarter. Northwestern Mutual Investment Management Company LLC now owns 19,195 shares of the company’s stock worth $373,000 after buying an additional 6,909 shares during the period. Finally, Aperio Group LLC grew its position in shares of Quality Care Properties by 24.6% during the 2nd quarter. Aperio Group LLC now owns 33,530 shares of the company’s stock worth $721,000 after buying an additional 6,615 shares during the period. 99.85% of the stock is owned by institutional investors and hedge funds.
Shares of QCP stock opened at $20.74 on Wednesday. Quality Care Properties Inc has a 52 week low of $12.25 and a 52 week high of $22.91. The company has a debt-to-equity ratio of 0.65, a quick ratio of 3.23 and a current ratio of 3.23.
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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