Quality Care Properties, Inc. (QCP) Stock Price Hits 52-Week High Today

April 17, 2018 - By Maria Brooks

The stock of Quality Care Properties, Inc. (NYSE:QCP) hit a new 52-week high and has $21.94 target or 7.00 % above today’s $20.50 share price. The 7 months bullish chart indicates low risk for the $1.92 billion company. The 1-year high was reported on Apr, 17 by Barchart.com. If the $21.94 price target is reached, the company will be worth $134.54 million more.
The 52-week high event is an important milestone for every stock because it shows very positive momentum and is time when buyers come in. During such notable technical setup, fundamental investors usually stay away and are careful shorting or selling the stock.

The stock increased 1.84% or $0.37 during the last trading session, reaching $20.5. About 69,153 shares traded. Quality Care Properties, Inc. (NYSE:QCP) has risen 4.07% since April 17, 2017 and is uptrending. It has underperformed by 7.48% the S&P500.

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. The company has market cap of $1.92 billion. 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. It currently has negative earnings.

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