Two Sigma Investments LP Decreases Stake in LTC Properties, Inc. (NYSE:LTC)

Two Sigma Investments LP reduced its position in LTC Properties, Inc. (NYSE:LTC - Free Report) by 32.4% in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 166,661 shares of the real estate investment trust's stock after selling 79,845 shares during the quarter. Two Sigma Investments LP owned about 0.37% of LTC Properties worth $5,758,000 at the end of the most recent reporting period.

Other hedge funds have also recently added to or reduced their stakes in the company. AlphaQuest LLC raised its stake in LTC Properties by 23,470.0% in the 4th quarter. AlphaQuest LLC now owns 2,357 shares of the real estate investment trust's stock valued at $81,000 after purchasing an additional 2,347 shares during the last quarter. PNC Financial Services Group Inc. increased its stake in shares of LTC Properties by 28.5% in the 4th 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 last quarter. State of Wyoming increased its position in shares of LTC Properties by 91.7% during the 4th quarter. State of Wyoming now owns 2,919 shares of the real estate investment trust's stock worth $101,000 after purchasing an additional 1,396 shares during the last quarter. Lazard Asset Management LLC increased its position in shares of LTC Properties by 49.2% during the 4th quarter. Lazard Asset Management LLC now owns 4,065 shares of the real estate investment trust's stock worth $140,000 after purchasing an additional 1,341 shares during the last quarter. Finally, Summit Investment Advisors Inc. boosted its holdings in LTC Properties by 7.5% during the 4th quarter. Summit Investment Advisors Inc. now owns 4,678 shares of the real estate investment trust's stock valued at $162,000 after acquiring an additional 327 shares during the period. 69.25% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several research analysts have recently commented on the stock. Royal Bank of Canada reissued a "sector perform" rating and issued a $36.00 price objective on shares of LTC Properties in a research note on Monday, May 19th. Wells Fargo & Company lowered their price objective on shares of LTC Properties from $38.00 to $36.00 and set an "equal weight" rating for the company in a research note on Monday, March 10th. Two analysts have rated the stock with a hold rating, two have assigned a buy rating and one has given a strong buy rating to the company's stock. According to MarketBeat, the company currently has a consensus rating of "Moderate Buy" and a consensus price target of $38.00.

LTC Properties Stock Up 0.1%

LTC stock traded up $0.03 during midday trading on Friday, reaching $35.40. 325,372 shares of the company were exchanged, compared to its average volume of 313,795. 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, Inc. has a 1-year low of $31.70 and a 1-year high of $39.89. The stock's 50-day simple moving average is $35.18 and its 200 day simple moving average is $35.42. The company has a market cap of $1.63 billion, a price-to-earnings ratio of 15.19 and a beta of 0.68.

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 earnings per share for the quarter, missing analysts' consensus estimates of $0.66 by ($0.01). LTC Properties had a return on equity of 10.49% and a net margin of 48.77%. The company had revenue of $49.03 million for the quarter, compared to analyst estimates of $44.43 million. During the same period in the previous year, the business posted $0.69 EPS. The firm's revenue for the quarter was down 4.5% compared to the same quarter last year. On average, equities analysts forecast that LTC Properties, Inc. will post 2.79 earnings per share for the current year.

LTC Properties Announces Dividend

The firm also recently announced a dividend, which was paid on Friday, May 30th. Stockholders of record on Friday, May 23rd were issued a $0.19 dividend. The ex-dividend date of this dividend was Thursday, May 22nd. This represents a dividend 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.