LTC Properties, Inc. (NYSE:LTC) Shares Sold by Balyasny Asset Management L.P.

Balyasny Asset Management L.P. lowered its stake in shares of LTC Properties, Inc. (NYSE:LTC - Free Report) by 5.5% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 499,713 shares of the real estate investment trust's stock after selling 28,889 shares during the period. Balyasny Asset Management L.P. owned approximately 1.10% of LTC Properties worth $17,265,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors have also recently made changes to their positions in the company. Vanguard Group Inc. grew its position in LTC Properties by 0.6% in the 4th quarter. Vanguard Group Inc. now owns 6,960,934 shares of the real estate investment trust's stock worth $240,500,000 after purchasing an additional 39,470 shares in the last quarter. Geode Capital Management LLC lifted its stake in shares of LTC Properties by 3.7% during the 4th quarter. Geode Capital Management LLC now owns 1,166,601 shares of the real estate investment trust's stock valued at $40,314,000 after buying an additional 41,581 shares in the last quarter. Bank of New York Mellon Corp lifted its stake in shares of LTC Properties by 6.1% during the 4th quarter. Bank of New York Mellon Corp now owns 962,651 shares of the real estate investment trust's stock valued at $33,260,000 after buying an additional 55,254 shares in the last quarter. Charles Schwab Investment Management Inc. lifted its stake in shares of LTC Properties by 9.0% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 822,724 shares of the real estate investment trust's stock valued at $28,425,000 after buying an additional 68,212 shares in the last quarter. Finally, Strategic Financial Concepts LLC lifted its stake in LTC Properties by 3,358.4% in the 4th quarter. Strategic Financial Concepts LLC now owns 658,026 shares of the real estate investment trust's stock worth $22,735,000 after purchasing an additional 638,999 shares in the last quarter. Institutional investors and hedge funds own 69.25% of the company's stock.

Analyst Upgrades and Downgrades

Separately, Wells Fargo & Company reduced their price target on shares of LTC Properties from $38.00 to $36.00 and set an "equal weight" rating on the stock in a research report on Monday, March 10th.

LTC Properties Price Performance

Shares of LTC Properties stock traded down $0.19 during trading hours on Tuesday, reaching $35.31. The stock had a trading volume of 95,917 shares, compared to its average volume of 306,523. The stock's 50 day moving average is $35.18 and its 200 day moving average is $35.68. The firm has a market capitalization of $1.62 billion, a PE ratio of 15.15 and a beta of 0.68. LTC Properties, Inc. has a twelve month low of $31.70 and a twelve month high of $39.89. The company has a current ratio of 11.60, a quick ratio of 11.60 and a debt-to-equity ratio of 0.75.

LTC Properties (NYSE:LTC - Get Free Report) last announced its quarterly earnings data on Monday, May 5th. The real estate investment trust reported $0.65 earnings per share for the quarter, missing analysts' consensus estimates of $0.66 by ($0.01). LTC Properties had a net margin of 48.77% and a return on equity of 10.49%. The firm had revenue of $49.03 million during the quarter, compared to analyst estimates of $44.43 million. During the same quarter in the previous year, the business posted $0.69 earnings per share. LTC Properties's revenue for the quarter was down 4.5% compared to the same quarter last year. Equities analysts expect that LTC Properties, Inc. will post 2.79 earnings per share for the current fiscal year.

LTC Properties Announces Dividend

The company also recently disclosed a monthly dividend, which will be paid on Monday, June 30th. Stockholders of record on Friday, June 20th will be given a $0.19 dividend. This represents a $2.28 dividend on an annualized basis and a dividend yield of 6.46%. The ex-dividend date is Friday, June 20th. LTC Properties's dividend payout ratio is presently 117.53%.

LTC Properties Profile

LTC Properties, Inc is a real estate investment trust, which engages in managing seniors housing and health care properties. It operates through the Texas, Michigan, Florida, Wisconsin, Colorado, and Remaining States geographic segments. The company was founded by Andre C. Dimitriadis on May 12, 1992 and is headquartered in Westlake Village, CA.