Point72 Hong Kong Ltd Invests $102,000 in Quality Care Properties Inc (QCP)

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Point72 Hong Kong Ltd bought a new position in shares of Quality Care Properties Inc (NYSE:QCP) during the second quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor bought 4,728 shares of the company’s stock, valued at approximately $102,000.

Several other large investors have also recently modified their holdings of QCP. Caption Management LLC purchased a new stake in shares of Quality Care Properties in the 2nd quarter valued at about $968,000. Bank of America Corp DE raised its holdings in shares of Quality Care Properties by 855.6% in the 2nd quarter. Bank of America Corp DE now owns 457,690 shares of the company’s stock valued at $9,844,000 after acquiring an additional 409,794 shares in the last quarter. Abrams Capital Management L.P. raised its holdings in shares of Quality Care Properties by 0.4% in the 2nd quarter. Abrams Capital Management L.P. now owns 7,025,579 shares of the company’s stock valued at $151,120,000 after acquiring an additional 25,579 shares in the last quarter. Commonwealth Bank of Australia raised its holdings in shares of Quality Care Properties by 105,952.0% in the 2nd quarter. Commonwealth Bank of Australia now owns 26,513 shares of the company’s stock valued at $568,000 after acquiring an additional 26,488 shares in the last quarter. Finally, United Services Automobile Association raised its holdings in shares of Quality Care Properties by 24.2% in the 2nd quarter. United Services Automobile Association now owns 27,350 shares of the company’s stock valued at $588,000 after acquiring an additional 5,321 shares in the last quarter. 99.85% of the stock is currently owned by institutional investors.

NYSE:QCP opened at $20.74 on Friday. Quality Care Properties Inc has a twelve month low of $12.25 and a twelve month 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.

About Quality Care Properties

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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