Schonfeld Strategic Advisors LLC Makes New Investment in LTC Properties, Inc. (NYSE:LTC)

Schonfeld Strategic Advisors LLC acquired a new position in shares of LTC Properties, Inc. (NYSE:LTC - Free Report) during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund acquired 33,110 shares of the real estate investment trust's stock, valued at approximately $1,144,000. Schonfeld Strategic Advisors LLC owned 0.07% of LTC Properties as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds also recently made changes to their positions in LTC. Vanguard Group Inc. boosted its stake in LTC Properties by 0.6% during the fourth quarter. Vanguard Group Inc. now owns 6,960,934 shares of the real estate investment trust's stock worth $240,500,000 after buying an additional 39,470 shares in the last quarter. Geode Capital Management LLC lifted its position in LTC Properties by 3.7% during the 4th quarter. Geode Capital Management LLC now owns 1,166,601 shares of the real estate investment trust's stock worth $40,314,000 after buying an additional 41,581 shares in the last quarter. Bank of New York Mellon Corp raised its stake in shares of LTC Properties by 6.1% during the fourth 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 last quarter. Charles Schwab Investment Management Inc. raised its stake in shares of LTC Properties by 9.0% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 822,724 shares of the real estate investment trust's stock worth $28,425,000 after buying an additional 68,212 shares during the last quarter. Finally, Strategic Financial Concepts LLC raised its stake in shares of LTC Properties by 3,358.4% during the fourth quarter. Strategic Financial Concepts LLC now owns 658,026 shares of the real estate investment trust's stock worth $22,735,000 after buying an additional 638,999 shares during the last quarter. Institutional investors own 69.25% of the company's stock.

Analysts Set New Price Targets

Separately, Wells Fargo & Company cut 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 report on Monday, March 10th.

LTC Properties Stock Performance

NYSE:LTC traded up $0.05 during mid-day trading on Tuesday, hitting $35.55. The stock had a trading volume of 79,424 shares, compared to its average volume of 306,479. LTC Properties, Inc. has a twelve month low of $31.70 and a twelve month high of $39.89. The stock has a market cap of $1.63 billion, a price-to-earnings ratio of 15.26 and a beta of 0.68. The company's 50 day simple moving average is $35.18 and its 200 day simple moving average is $35.68. 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 announced its earnings results on Monday, May 5th. The real estate investment trust reported $0.65 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.66 by ($0.01). The business had revenue of $49.03 million during the quarter, compared to the consensus estimate of $44.43 million. LTC Properties had a net margin of 48.77% and a return on equity of 10.49%. The company's revenue was down 4.5% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.69 EPS. On average, equities research 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 monthly dividend, which will be paid on Monday, June 30th. Shareholders of record on Friday, June 20th will be paid a dividend of $0.19 per share. This represents a $2.28 annualized dividend and a yield of 6.41%. The ex-dividend date of this dividend is Friday, June 20th. 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.