Two Sigma Advisers LP Trims Stock Position in LTC Properties, Inc. (NYSE:LTC)

Two Sigma Advisers LP trimmed its position in shares of LTC Properties, Inc. (NYSE:LTC - Free Report) by 15.6% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 264,200 shares of the real estate investment trust's stock after selling 48,900 shares during the quarter. Two Sigma Advisers LP owned 0.58% of LTC Properties worth $9,128,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also made changes to their positions in the company. AlphaQuest LLC increased its stake in shares of LTC Properties by 23,470.0% during the fourth quarter. AlphaQuest LLC now owns 2,357 shares of the real estate investment trust's stock worth $81,000 after acquiring an additional 2,347 shares during the period. PNC Financial Services Group Inc. increased its stake in shares of LTC Properties by 28.5% during the fourth quarter. PNC Financial Services Group Inc. now owns 2,546 shares of the real estate investment trust's stock worth $88,000 after acquiring an additional 565 shares during the period. State of Wyoming increased its stake in shares of LTC Properties by 91.7% during the fourth quarter. State of Wyoming now owns 2,919 shares of the real estate investment trust's stock worth $101,000 after acquiring an additional 1,396 shares during the period. Lazard Asset Management LLC increased its stake in shares of LTC Properties by 49.2% during the fourth quarter. Lazard Asset Management LLC now owns 4,065 shares of the real estate investment trust's stock worth $140,000 after acquiring an additional 1,341 shares during the period. Finally, Summit Investment Advisors Inc. increased its stake in shares of LTC Properties by 7.5% during the fourth quarter. Summit Investment Advisors Inc. now owns 4,678 shares of the real estate investment trust's stock worth $162,000 after acquiring an additional 327 shares during the period. 69.25% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of research analysts have recently issued reports on the stock. Wells Fargo & Company dropped 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 note on Monday, March 10th. Royal Bank of Canada reissued a "sector perform" rating and set a $36.00 price objective on shares of LTC Properties in a report on Monday, May 19th. Two research analysts have rated the stock with a hold rating, two have issued a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat.com, LTC Properties presently has a consensus rating of "Moderate Buy" and a consensus target price of $38.00.

LTC Properties Price Performance

LTC stock traded down $0.06 during trading on Thursday, reaching $35.14. 43,709 shares of the company were exchanged, compared to its average volume of 312,386. The company has a market cap of $1.61 billion, a P/E ratio of 15.11 and a beta of 0.68. LTC Properties, Inc. has a 52-week low of $31.70 and a 52-week high of $39.89. The stock's 50 day moving average price is $35.16 and its 200 day moving average price is $35.50. The company has a debt-to-equity ratio of 0.75, a quick ratio of 11.60 and a current ratio of 11.60.

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

LTC Properties Dividend Announcement

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