Tudor Investment Corp ET AL Has $3.98 Million Holdings in LTC Properties, Inc. (NYSE:LTC)

Tudor Investment Corp ET AL cut its position in LTC Properties, Inc. (NYSE:LTC - Free Report) by 24.9% during the 4th quarter, according to the company in its most recent disclosure with the SEC. The firm 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 about 0.25% of LTC Properties worth $3,983,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently made changes to their positions in the stock. Strategic Financial Concepts LLC lifted its stake in shares of LTC Properties by 3,358.4% during the 4th 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. Marshall Wace LLP increased its position in LTC Properties by 37.3% in the 4th quarter. Marshall Wace LLP now owns 552,308 shares of the real estate investment trust's stock valued at $19,082,000 after acquiring an additional 150,023 shares during the period. Norges Bank bought a new position in shares of LTC Properties during the fourth quarter worth about $5,000,000. JPMorgan Chase & Co. grew its holdings in LTC Properties by 80.4% during the 3rd quarter. JPMorgan Chase & Co. now owns 253,807 shares of the real estate investment trust's stock worth $9,312,000 after acquiring an additional 113,100 shares during the period. Finally, Renaissance Technologies LLC increased its stake in shares of LTC Properties by 69.3% in the 4th quarter. Renaissance Technologies LLC now owns 207,700 shares of the real estate investment trust's stock valued at $7,176,000 after acquiring an additional 85,000 shares in the last quarter. Institutional investors and hedge funds own 69.25% of the company's stock.

Analyst Upgrades and Downgrades

Several research analysts recently weighed in on the stock. Citizens Jmp upgraded shares of LTC Properties from a "hold" rating to a "strong-buy" rating in a report on Tuesday, January 7th. Wells Fargo & Company cut their price objective 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, JMP Securities upgraded LTC Properties from a "market perform" rating to an "outperform" rating and set a $40.00 price objective for the company in a report on Tuesday, January 7th.

LTC Properties Trading Down 1.5 %

LTC Properties stock traded down $0.53 during trading on Monday, reaching $34.72. 582,424 shares of the company were exchanged, compared to its average volume of 304,442. The stock's 50 day simple moving average is $35.14 and its two-hundred day simple moving average is $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, Inc. has a 52-week low of $31.70 and a 52-week high of $39.89. The company has a market capitalization of $1.59 billion, a P/E ratio of 14.90 and a beta of 0.74.

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 for the quarter, missing the consensus estimate of $0.66 by ($0.01). LTC Properties had a return on equity of 10.49% and a net margin of 48.77%. On average, equities research analysts expect that LTC Properties, Inc. will post 2.79 earnings per share for the current fiscal year.

LTC Properties Dividend Announcement

The firm also recently announced a monthly dividend, which will be paid on Monday, June 30th. Stockholders 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 dividend yield of 6.57%. The ex-dividend date is Friday, June 20th. LTC Properties's dividend payout ratio (DPR) is currently 111.22%.

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.