D. E. Shaw & Co. Inc. Has $1.31 Million Holdings in LTC Properties, Inc. (NYSE:LTC)

D. E. Shaw & Co. Inc. increased its position in shares of LTC Properties, Inc. (NYSE:LTC - Free Report) by 73.6% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 37,942 shares of the real estate investment trust's stock after purchasing an additional 16,085 shares during the period. D. E. Shaw & Co. Inc. owned about 0.08% of LTC Properties worth $1,311,000 at the end of the most recent reporting period.

Other large investors have also modified their holdings of the company. Deutsche Bank AG raised its holdings in shares of LTC Properties by 12.2% in the 4th quarter. Deutsche Bank AG now owns 132,183 shares of the real estate investment trust's stock worth $4,567,000 after buying an additional 14,376 shares in the last quarter. Bridgeway Capital Management LLC acquired a new stake in shares of LTC Properties during the 4th quarter worth about $1,627,000. BNP Paribas Financial Markets lifted its holdings in LTC Properties by 4.1% during the 4th quarter. BNP Paribas Financial Markets now owns 9,906 shares of the real estate investment trust's stock valued at $342,000 after purchasing an additional 392 shares during the last quarter. Ameriprise Financial Inc. grew its stake in LTC Properties by 1.1% during the fourth quarter. Ameriprise Financial Inc. now owns 109,969 shares of the real estate investment trust's stock worth $3,799,000 after buying an additional 1,151 shares during the last quarter. Finally, Schonfeld Strategic Advisors LLC bought a new position in shares of LTC Properties in the fourth quarter valued at approximately $1,144,000. 69.25% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of research firms recently weighed in on LTC. Royal Bank of Canada reaffirmed a "sector perform" rating and set a $36.00 price target on shares of LTC Properties in a report on Monday, May 19th. Wells Fargo & Company cut their price target on LTC Properties from $38.00 to $36.00 and set an "equal weight" rating for the company in a report on Monday, March 10th. Two investment analysts have rated the stock with a hold rating, two have issued a buy rating and one has assigned a strong buy rating to the company's stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and a consensus target price of $38.00.

LTC Properties Trading Down 1.1%

NYSE LTC traded down $0.40 during trading hours on Wednesday, hitting $35.27. The company's stock had a trading volume of 33,027 shares, compared to its average volume of 341,584. The company has a quick ratio of 11.60, a current ratio of 11.60 and a debt-to-equity ratio of 0.75. LTC Properties, Inc. has a twelve month low of $31.70 and a twelve month high of $39.89. The stock has a fifty day moving average of $35.15 and a 200 day moving average of $35.50. The firm has a market capitalization of $1.62 billion, a P/E ratio of 15.15 and a beta of 0.68.

LTC Properties (NYSE:LTC - Get Free Report) last issued its earnings results on Monday, May 5th. The real estate investment trust reported $0.65 EPS for the quarter, missing the consensus estimate 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 the consensus estimate of $44.43 million. During the same period in the previous year, the company posted $0.69 EPS. The firm's revenue for the quarter was down 4.5% on a year-over-year basis. Equities research analysts forecast that LTC Properties, Inc. will post 2.79 earnings per share for the current fiscal year.

LTC Properties Dividend Announcement

The firm also recently announced a dividend, which will be paid on Friday, May 30th. Shareholders of record on Friday, May 23rd will be paid a $0.19 dividend. The ex-dividend date of this dividend is Thursday, May 22nd. This represents a yield of 6.31%. LTC Properties's payout ratio is 117.53%.

About LTC Properties

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.