ExodusPoint Capital Management LP Cuts Holdings in LTC Properties, Inc. (NYSE:LTC)

ExodusPoint Capital Management LP trimmed its position in shares of LTC Properties, Inc. (NYSE:LTC - Free Report) by 74.6% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 16,720 shares of the real estate investment trust's stock after selling 49,172 shares during the period. ExodusPoint Capital Management LP's holdings in LTC Properties were worth $578,000 as of its most recent SEC filing.

Other institutional investors also recently modified their holdings of the company. Barclays PLC raised its stake in LTC Properties by 148.8% in the third quarter. Barclays PLC now owns 87,972 shares of the real estate investment trust's stock worth $3,228,000 after buying an additional 52,619 shares in the last quarter. JPMorgan Chase & Co. raised its holdings in LTC Properties by 80.4% in the third quarter. JPMorgan Chase & Co. now owns 253,807 shares of the real estate investment trust's stock worth $9,312,000 after purchasing an additional 113,100 shares in the last quarter. Principal Financial Group Inc. lifted its position in LTC Properties by 6.9% during the third quarter. Principal Financial Group Inc. now owns 229,176 shares of the real estate investment trust's stock valued at $8,408,000 after buying an additional 14,778 shares during the period. Los Angeles Capital Management LLC bought a new stake in shares of LTC Properties during the 4th quarter valued at $250,000. Finally, Bank of New York Mellon Corp grew its position in shares of LTC Properties by 6.1% in 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 buying an additional 55,254 shares during the period. 69.25% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

LTC has been the subject of a number of recent research reports. JMP Securities raised shares of LTC Properties from a "market perform" rating to an "outperform" rating and set a $40.00 price target for the company in a research report on Tuesday, January 7th. Wells Fargo & Company lowered their target price on shares of LTC Properties from $38.00 to $36.00 and set an "equal weight" rating for the company in a report on Monday, March 10th. Finally, Citizens Jmp raised LTC Properties from a "hold" rating to a "strong-buy" rating in a research report on Tuesday, January 7th.

LTC Properties Stock Performance

LTC stock traded up $0.30 during trading on Thursday, reaching $35.59. The stock had a trading volume of 52,951 shares, compared to its average volume of 300,883. LTC Properties, Inc. has a 52 week low of $31.24 and a 52 week high of $39.89. The firm has a market cap of $1.63 billion, a PE ratio of 15.29 and a beta of 0.74. 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 stock's 50 day moving average is $34.86 and its two-hundred day moving average is $35.72.

LTC Properties (NYSE:LTC - Get Free Report) last posted its quarterly earnings data on Monday, February 24th. The real estate investment trust reported $0.72 EPS for the quarter, topping the consensus estimate of $0.65 by $0.07. LTC Properties had a return on equity of 10.49% and a net margin of 48.77%. The firm had revenue of $34.81 million during the quarter, compared to analyst estimates of $45.25 million. As a group, equities analysts anticipate that LTC Properties, Inc. will post 2.79 earnings per share for the current year.

LTC Properties Dividend Announcement

The business 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 dividend of $0.19 per share. This represents a $2.28 annualized dividend and a dividend yield of 6.41%. The ex-dividend date of this dividend is Friday, June 20th. LTC Properties's payout ratio is currently 111.22%.

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.