Tudor Investment Corp ET AL Sells 38,222 Shares of LTC Properties, Inc. (NYSE:LTC)

Tudor Investment Corp ET AL decreased its position in LTC Properties, Inc. (NYSE:LTC - Free Report) by 24.9% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 115,294 shares of the real estate investment trust's stock after selling 38,222 shares during the period. Tudor Investment Corp ET AL owned approximately 0.25% of LTC Properties worth $3,983,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors and hedge funds have also recently modified their holdings of the company. Vanguard Group Inc. lifted its stake in shares of LTC Properties by 0.6% in the 4th quarter. Vanguard Group Inc. now owns 6,960,934 shares of the real estate investment trust's stock valued at $240,500,000 after purchasing an additional 39,470 shares during the period. Geode Capital Management LLC raised its holdings in LTC Properties by 3.7% in 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 purchasing an additional 41,581 shares during the period. Bank of New York Mellon Corp raised its stake in 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 purchasing an additional 55,254 shares during the period. Charles Schwab Investment Management Inc. lifted its holdings in LTC Properties by 9.0% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 822,724 shares of the real estate investment trust's stock valued at $28,425,000 after acquiring an additional 68,212 shares during the last quarter. Finally, Strategic Financial Concepts LLC raised its position in LTC Properties by 3,358.4% in the fourth quarter. Strategic Financial Concepts LLC now owns 658,026 shares of the real estate investment trust's stock valued at $22,735,000 after purchasing an additional 638,999 shares during the period. Institutional investors and hedge funds own 69.25% of the company's stock.

LTC Properties Stock Performance

LTC traded up $0.73 during trading on Wednesday, reaching $36.52. 68,834 shares of the company were exchanged, compared to its average volume of 304,858. The firm has a 50 day moving average of $35.16 and a 200 day moving average of $35.68. The stock has a market cap of $1.68 billion, a P/E ratio of 15.67 and a beta of 0.68. The company has a current ratio of 11.60, a quick ratio of 11.60 and a debt-to-equity ratio of 0.75. LTC Properties, Inc. has a 52 week low of $31.70 and a 52 week high of $39.89.

LTC Properties (NYSE:LTC - Get Free Report) last announced its quarterly earnings data on Monday, May 5th. The real estate investment trust reported $0.65 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.66 by ($0.01). The firm 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%. LTC Properties's revenue was down 4.5% on a year-over-year basis. During the same quarter in the prior year, the business posted $0.69 earnings per share. On average, sell-side analysts forecast that LTC Properties, Inc. will post 2.79 EPS for the current fiscal year.

LTC Properties Announces Dividend

The company also recently announced 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 dividend on an annualized basis and a yield of 6.24%. LTC Properties's payout ratio is presently 117.53%.

Analysts Set New Price Targets

Several brokerages recently weighed in on LTC. JMP Securities raised shares of LTC Properties from a "market perform" rating to an "outperform" rating and set a $40.00 target price on the stock in a research note on Tuesday, January 7th. Wells Fargo & Company dropped their price target on 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. Finally, Citizens Jmp upgraded shares of LTC Properties from a "hold" rating to a "strong-buy" rating in a research note on Tuesday, January 7th.

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.