Alps Advisors Inc. Sells 18,303 Shares of Quality Care Properties Inc (QCP)

Alps Advisors Inc. lowered its holdings in Quality Care Properties Inc (NYSE:QCP) by 61.4% during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 11,519 shares of the company’s stock after selling 18,303 shares during the period. Alps Advisors Inc.’s holdings in Quality Care Properties were worth $159,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also made changes to their positions in the company. Daiwa Securities Group Inc. grew its stake in shares of Quality Care Properties by 25.5% in the 1st quarter. Daiwa Securities Group Inc. now owns 12,320 shares of the company’s stock worth $239,000 after purchasing an additional 2,500 shares during the last quarter. Swiss National Bank boosted its holdings in shares of Quality Care Properties by 1.9% in the first quarter. Swiss National Bank now owns 162,761 shares of the company’s stock worth $3,162,000 after buying an additional 3,000 shares during the period. Xact Kapitalforvaltning AB boosted its holdings in shares of Quality Care Properties by 37.0% in the first 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. Great West Life Assurance Co. Can boosted its holdings in shares of Quality Care Properties by 4.5% in the first quarter. Great West Life Assurance Co. Can now owns 107,288 shares of the company’s stock worth $2,084,000 after buying an additional 4,664 shares during the period. Finally, Meeder Asset Management Inc. acquired a new position in shares of Quality Care Properties in the first quarter worth about $100,000. 99.85% of the stock is currently owned by institutional investors.

Separately, ValuEngine cut shares of Quality Care Properties from a “buy” rating to a “hold” rating in a report on Monday, May 14th.

Shares of Quality Care Properties opened at $20.74 on Friday, according to MarketBeat Ratings. Quality Care Properties Inc has a one year low of $12.25 and a one year 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 Profile

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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Institutional Ownership by Quarter for Quality Care Properties (NYSE:QCP)

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