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.
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
| ☐ | Rule 13d-1(b) |
| ☒ | Rule 13d-1(c) |
| ☐ | Rule 13d-1(d) |
