Schonfeld Strategic Advisors LLC Invests $1.14 Million in LTC Properties, Inc. (NYSE:LTC)

Schonfeld Strategic Advisors LLC bought a new stake 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 institutional investor bought 33,110 shares of the real estate investment trust's stock, valued at approximately $1,144,000. Schonfeld Strategic Advisors LLC owned approximately 0.07% of LTC Properties at the end of the most recent reporting period.

Several other large investors have also added to or reduced their stakes in LTC. Mutual of America Capital Management LLC increased its stake in LTC Properties by 4.8% in the fourth quarter. Mutual of America Capital Management LLC now owns 6,856 shares of the real estate investment trust's stock valued at $237,000 after purchasing an additional 314 shares in the last quarter. Amalgamated Bank grew its stake in shares of LTC Properties by 2.5% in the 4th quarter. Amalgamated Bank now owns 13,135 shares of the real estate investment trust's stock valued at $454,000 after buying an additional 315 shares during the period. Summit Investment Advisors Inc. increased its position in LTC Properties by 7.5% in 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 buying an additional 327 shares in the last quarter. Bridge City Capital LLC raised its stake in LTC Properties by 0.9% during the 4th quarter. Bridge City Capital LLC now owns 44,481 shares of the real estate investment trust's stock worth $1,537,000 after buying an additional 391 shares during the period. Finally, Oregon Public Employees Retirement Fund boosted its holdings in LTC Properties by 3.9% in the fourth quarter. Oregon Public Employees Retirement Fund now owns 10,638 shares of the real estate investment trust's stock worth $368,000 after acquiring an additional 400 shares in the last quarter. Institutional investors and hedge funds own 69.25% of the company's stock.

LTC Properties Stock Up 1.4 %

Shares of NYSE:LTC opened at $36.28 on Thursday. LTC Properties, Inc. has a 1 year low of $31.70 and a 1 year high of $39.89. The company has a market capitalization of $1.66 billion, a PE ratio of 15.57 and a beta of 0.68. The business has a fifty day moving average price of $35.19 and a two-hundred day moving average price of $35.68. The company has a debt-to-equity ratio of 0.75, a current ratio of 11.60 and a quick ratio of 11.60.

LTC Properties (NYSE:LTC - Get Free Report) last posted its quarterly earnings data 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 company had revenue of $49.03 million for the quarter, compared to analysts' expectations of $44.43 million. LTC Properties had a return on equity of 10.49% and a net margin of 48.77%. The business's quarterly revenue was down 4.5% on a year-over-year basis. During the same quarter last year, the business posted $0.69 EPS. Analysts forecast that LTC Properties, Inc. will post 2.79 earnings per share for the current year.

LTC Properties Dividend Announcement

The company also recently disclosed a monthly dividend, which will be paid on Monday, June 30th. Investors of record on Friday, June 20th will be paid a $0.19 dividend. The ex-dividend date of this dividend is Friday, June 20th. This represents a $2.28 annualized dividend and a yield of 6.28%. LTC Properties's payout ratio is 117.53%.

Wall Street Analysts Forecast Growth

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

LTC Properties Company 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.

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