What’s Ahead for Quality Care Properties, Inc. (QCP) After Reaching 52-Week High?

March 18, 2018 - By Kurt Siggers

The stock of Quality Care Properties, Inc. (NYSE:QCP) hit a new 52-week high and has $21.40 target or 9.00 % above today’s $19.63 share price. The 5 months bullish chart indicates low risk for the $1.84B company. The 1-year high was reported on Mar, 18 by Barchart.com. If the $21.40 price target is reached, the company will be worth $165.69 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 decreased 1.01% or $0.2 during the last trading session, reaching $19.63. About 1.59 million shares traded or 82.21% up from the average. Quality Care Properties, Inc. (NYSE:QCP) has 0.00% since March 18, 2017 and is . It has underperformed by 16.70% 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 $1.84 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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