Quality Care Properties Inc. (QCP): HG Vora Capital Management Reports 5.3% Stake

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According to a recent 13G filing with the US Securities and Exchange Commission, Parag Vora‘s HG Vora Capital Management has initiated a stake in Quality Care Properties Inc. (NYSE:QCP). The fund has acquired 5.0 million shares, which account for 5.3% of the company’s outstanding stock.

Quality Care Properties is self-managed real estate investment trust, that went public last quarter; more precisely, on November 1, 2016. Since the company started trading, its shares have lost 17.53%. Quality Care Properties is actually a spin-off of HCP, Inc. (NYSE:HCP), a company that invests in real estate primarily focusing on the US healthcare industry.

Parag Vora - HG Vora Capital

Since the company started trading after the end of the third quarter 2016, none of the funds from the Insider Monkey’s database disclosed long positions in Quality Care Properties Inc. (NYSE:QCP) in the last round of 13F filings.

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You can access the original SEC filing by clicking here.

Ownership Summary Table

Name Sole Voting Power Shared Voting Power Sole Dispositive Power Shared Dispositive Power Aggregate Amount Owned Power Percent of Class
HG Vora Special Opportunities Master Fund, Ltd 0 5,000,000 0 5,000,000 5,000,000 5.3%
HG Vora Capital Management 0 5,000,000 0 5,000,000 5,000,000 5.3%
Parag Vora 0 5,000,000 0 5,000,000 5,000,000 5.3%

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Page 1 of 8 – SEC Filing


SECURITIES AND EXCHANGE COMMISSION
Washington, D.C.  20549
SCHEDULE 13G
Under the Securities Exchange Act of 1934
(Amendment No. )*
Quality Care Properties, Inc.
_____________________________________________________
(Name of Issuer)
Common Stock, par value $0.01 per share
_____________________________________________________
(Title of Class of Securities)
747545101
_____________________________________________________
(CUSIP Number)
December 22, 2016
___________________________________________________
(Date of Event Which Requires Filing of this Statement)
Check the appropriate box to designate the rule pursuant to which this Schedule is filed:
Rule 13d-1(b)
Rule 13d-1(c)
Rule 13d-1(d)
Note:  Schedules filed in paper format shall include a signed original and five copies of the schedule, including all exhibits.  See §240.13d-7 for other parties to whom copies are to be sent.
*  The remainder of this cover page shall be filled out for a reporting person’s initial filing on this form with respect to the subject class of securities, and for any subsequent amendment containing information which would alter disclosures provided in a prior cover page.
The information required on the remainder of this cover page shall not be deemed to be “filed” for the purposes of Section 18 of the Securities Exchange Act of 1934 (the “Act”) or otherwise subject to the liabilities of that section of the Act but shall be subject to all other provisions of the Act (however, see the Notes).

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