Marshall Wace LLP Buys 150,023 Shares of LTC Properties, Inc. (NYSE:LTC)

Marshall Wace LLP grew its stake in LTC Properties, Inc. (NYSE:LTC - Free Report) by 37.3% in the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 552,308 shares of the real estate investment trust's stock after acquiring an additional 150,023 shares during the quarter. Marshall Wace LLP owned about 1.22% of LTC Properties worth $19,082,000 as of its most recent SEC filing.

A number of other large investors have also recently added to or reduced their stakes in the business. AlphaQuest LLC grew its holdings in LTC Properties by 23,470.0% during the 4th 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 in the last quarter. GAMMA Investing LLC increased its stake in LTC Properties by 35.3% in the 4th quarter. GAMMA Investing LLC now owns 2,443 shares of the real estate investment trust's stock valued at $84,000 after buying an additional 638 shares during the period. PNC Financial Services Group Inc. lifted its holdings 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 valued at $88,000 after buying an additional 565 shares during the period. FMR LLC grew its position in LTC Properties by 132.7% during the third quarter. FMR LLC now owns 2,899 shares of the real estate investment trust's stock worth $106,000 after buying an additional 1,653 shares during the period. Finally, Summit Investment Advisors Inc. grew its holdings in LTC Properties by 7.5% in the fourth quarter. Summit Investment Advisors Inc. now owns 4,678 shares of the real estate investment trust's stock valued at $162,000 after purchasing an additional 327 shares during the last quarter. 69.25% of the stock is currently owned by institutional investors and hedge funds.

LTC Properties Price Performance

Shares of LTC traded down $0.37 during trading hours on Friday, hitting $35.15. The stock had a trading volume of 52,337 shares, compared to its average volume of 343,577. LTC Properties, Inc. has a 52 week low of $31.70 and a 52 week high of $39.89. The company's fifty day moving average is $35.02 and its two-hundred day moving average is $35.70. The company has a debt-to-equity ratio of 0.75, a current ratio of 11.60 and a quick ratio of 11.60. The stock has a market capitalization of $1.61 billion, a price-to-earnings ratio of 15.09 and a beta of 0.74.

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

LTC Properties Announces Dividend

The business also recently announced a monthly dividend, which will be paid on Monday, June 30th. Investors of record on Friday, June 20th will be issued a dividend of $0.19 per share. This represents a $2.28 annualized dividend and a dividend yield of 6.49%. The ex-dividend date is Friday, June 20th. LTC Properties's payout ratio is 111.22%.

Wall Street Analysts Forecast Growth

Several research firms have commented on LTC. JMP Securities upgraded LTC Properties from a "market perform" rating to an "outperform" rating and set a $40.00 price target for the company in a report on Tuesday, January 7th. Wells Fargo & Company lowered their target price on 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. Finally, Citizens Jmp raised shares of LTC Properties from a "hold" rating to a "strong-buy" rating in a research report on Tuesday, January 7th.

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.