Two Sigma Advisers LP Has $9.13 Million Stock Holdings in LTC Properties, Inc. (NYSE:LTC)

Two Sigma Advisers LP trimmed its position in LTC Properties, Inc. (NYSE:LTC - Free Report) by 15.6% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund 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 about 0.58% of LTC Properties worth $9,128,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors have also modified their holdings of the company. Vanguard Group Inc. raised its holdings 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 acquiring an additional 39,470 shares during the period. Geode Capital Management LLC increased its stake in shares of LTC Properties by 3.7% in the fourth quarter. Geode Capital Management LLC now owns 1,166,601 shares of the real estate investment trust's stock worth $40,314,000 after purchasing an additional 41,581 shares during the period. Bank of New York Mellon Corp lifted its position 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 worth $33,260,000 after purchasing an additional 55,254 shares during the last quarter. Charles Schwab Investment Management Inc. lifted its position 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 worth $28,425,000 after purchasing an additional 68,212 shares during the last quarter. Finally, Strategic Financial Concepts LLC boosted its stake in LTC Properties by 3,358.4% during the 4th quarter. Strategic Financial Concepts LLC now owns 658,026 shares of the real estate investment trust's stock valued at $22,735,000 after purchasing an additional 638,999 shares during the period. 69.25% of the stock is owned by institutional investors.

Analyst Ratings Changes

Several brokerages have commented on LTC. Wells Fargo & Company dropped their price target on 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. Royal Bank of Canada reaffirmed a "sector perform" rating and set a $36.00 target price on shares of LTC Properties in a research report on Monday, May 19th. Two investment analysts have rated the stock with a hold rating, two have given a buy rating and one has issued a strong buy rating to the company's stock. According to MarketBeat, the company has an average rating of "Moderate Buy" and an average price target of $38.00.

LTC Properties Stock Performance

LTC stock traded down $0.47 during trading on Wednesday, reaching $35.20. 240,856 shares of the stock were exchanged, compared to its average volume of 312,744. 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. The company has a market capitalization of $1.62 billion, a P/E ratio of 15.11 and a beta of 0.68. The stock has a 50 day simple moving average of $35.15 and a 200-day simple moving average of $35.50.

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 EPS for the quarter, missing analysts' consensus estimates of $0.66 by ($0.01). The firm had revenue of $49.03 million during the quarter, compared to the consensus estimate of $44.43 million. LTC Properties had a return on equity of 10.49% and a net margin of 48.77%. LTC Properties's revenue was down 4.5% compared to the same quarter last year. During the same quarter in the prior year, the business posted $0.69 EPS. As a group, sell-side analysts anticipate that LTC Properties, Inc. will post 2.79 earnings per share for the current 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 paid a dividend of $0.19 per share. The ex-dividend date is Thursday, May 22nd. This represents a yield of 6.31%. LTC Properties's dividend payout ratio is currently 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.