Two Sigma Advisers LP Has $9.13 Million Stock Holdings in LTC Properties, Inc. (NYSE:LTC)

Two Sigma Advisers LP trimmed its stake in LTC Properties, Inc. (NYSE:LTC) by 15.6% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 264,200 shares of the real estate investment trust’s stock after selling 48,900 shares during the quarter. Two Sigma Advisers LP owned about 0.58% of LTC Properties worth $9,128,000 as of its most recent SEC filing.

Other large investors have also bought and sold shares of the company. Barclays PLC grew its holdings in LTC Properties by 148.8% in the third quarter. Barclays PLC now owns 87,972 shares of the real estate investment trust’s stock worth $3,228,000 after purchasing an additional 52,619 shares during the period. Los Angeles Capital Management LLC acquired a new stake in LTC Properties in the fourth quarter worth $250,000. Bank of New York Mellon Corp lifted its stake in shares of LTC Properties by 6.1% in the fourth quarter. Bank of New York Mellon Corp now owns 962,651 shares of the real estate investment trust’s stock valued at $33,260,000 after buying an additional 55,254 shares in the last quarter. Principal Financial Group Inc. lifted its stake in shares of LTC Properties by 7.6% in the fourth quarter. Principal Financial Group Inc. now owns 246,663 shares of the real estate investment trust’s stock valued at $8,522,000 after buying an additional 17,487 shares in the last quarter. Finally, Raymond James Financial Inc. bought a new position in shares of LTC Properties in the fourth quarter valued at $464,000. 69.25% of the stock is currently owned by institutional investors and hedge funds.

LTC Properties Stock Up 1.2%

LTC Properties stock opened at $35.26 on Friday. LTC Properties, Inc. has a 1-year low of $31.70 and a 1-year high of $39.89. The firm has a market capitalization of $1.62 billion, a price-to-earnings ratio of 15.13 and a beta of 0.68. The firm’s fifty day moving average price is $35.14 and its two-hundred day moving average price is $35.57. 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 (NYSE:LTC) last released its quarterly earnings results on Monday, May 5th. The real estate investment trust reported $0.65 earnings per share for the quarter, missing analysts’ consensus estimates of $0.66 by ($0.01). LTC Properties had a net margin of 48.77% and a return on equity of 10.49%. The firm had revenue of $49.03 million for the quarter, compared to the consensus estimate of $44.43 million. During the same period in the previous year, the business earned $0.69 earnings per share. The firm’s revenue for the quarter was down 4.5% on a year-over-year basis. On average, equities research analysts predict that LTC Properties, Inc. will post 2.79 earnings per share for the current fiscal year.

LTC Properties Announces Dividend

The company also recently declared a dividend, which will be paid on Friday, May 30th. Investors of record on Friday, May 23rd will be given a dividend of $0.19 per share. This represents a dividend yield of 6.31%. The ex-dividend date of this dividend is Thursday, May 22nd. LTC Properties’s payout ratio is currently 117.53%.

Analyst Ratings Changes

A number of research firms have weighed in on LTC. Wells Fargo & Company dropped their price objective on shares of LTC Properties from $38.00 to $36.00 and set an “equal weight” rating on the stock in a research note on Monday, March 10th. Royal Bank of Canada reaffirmed a “sector perform” rating and issued a $36.00 price objective on shares of LTC Properties in a research note on Monday, May 19th. Two research analysts have rated the stock with a hold rating, two have assigned a buy rating and one has given a strong buy rating to the stock. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and an average price target of $38.00.

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.