The Manufacturers Life Insurance Company increased its holdings in shares of Quality Care Properties Inc (NYSE:QCP) by 8.7% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 224,842 shares of the company’s stock after buying an additional 17,959 shares during the period. The Manufacturers Life Insurance Company owned about 0.24% of Quality Care Properties worth $3,106,000 at the end of the most recent quarter.
Other institutional investors and hedge funds have also made changes to their positions in the company. Alps Advisors Inc. purchased a new stake in Quality Care Properties during the 3rd quarter worth approximately $156,000. Engineers Gate Manager LP purchased a new stake in Quality Care Properties during the 3rd quarter worth approximately $168,000. Citadel Advisors LLC increased its stake in Quality Care Properties by 220.0% during the 3rd quarter. Citadel Advisors LLC now owns 14,886 shares of the company’s stock worth $231,000 after buying an additional 27,286 shares during the period. Crossmark Global Holdings Inc. purchased a new stake in Quality Care Properties during the 3rd quarter worth approximately $260,000. Finally, Commerzbank Aktiengesellschaft FI purchased a new stake in Quality Care Properties during the 4th quarter worth approximately $282,000. 99.93% of the stock is currently owned by hedge funds and other institutional investors.
Separately, ValuEngine downgraded shares of Quality Care Properties from a “buy” rating to a “hold” rating in a research note on Friday, February 2nd.
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Quality Care Properties 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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