LTC Properties Inc (NYSE:LTC) Stake Increased by Two Sigma Advisers LP

Two Sigma Advisers LP raised its stake in shares of LTC Properties Inc (NYSE:LTC) by 28.8% in the 4th quarter, according to its most recent disclosure with the SEC. The firm owned 121,575 shares of the real estate investment trust’s stock after purchasing an additional 27,159 shares during the period. Two Sigma Advisers LP owned 0.31% of LTC Properties worth $5,067,000 as of its most recent SEC filing.

A number of other large investors also recently added to or reduced their stakes in LTC. We Are One Seven LLC bought a new stake in LTC Properties during the fourth quarter valued at about $27,000. Quantamental Technologies LLC bought a new position in shares of LTC Properties in the fourth quarter worth about $28,000. Macroview Investment Management LLC bought a new position in LTC Properties during the fourth quarter valued at approximately $33,000. Dubuque Bank & Trust Co. boosted its stake in LTC Properties by 665.0% during the fourth quarter. Dubuque Bank & Trust Co. now owns 1,224 shares of the real estate investment trust’s stock valued at $51,000 after buying an additional 1,064 shares during the last quarter. Finally, Private Capital Group LLC boosted its stake in LTC Properties by 28.5% during the fourth quarter. Private Capital Group LLC now owns 1,524 shares of the real estate investment trust’s stock valued at $64,000 after buying an additional 338 shares during the last quarter. 76.97% of the stock is owned by institutional investors and hedge funds.

LTC stock traded up $0.50 during midday trading on Wednesday, reaching $44.47. 182,500 shares of the company traded hands, compared to its average volume of 195,028. LTC Properties Inc has a 52-week low of $34.72 and a 52-week high of $48.13. The company has a debt-to-equity ratio of 0.77, a current ratio of 9.97 and a quick ratio of 9.97. The company has a market cap of $1.76 billion, a PE ratio of 14.53, a price-to-earnings-growth ratio of 3.64 and a beta of 0.49.

The firm also recently declared a monthly dividend, which will be paid on Friday, June 28th. Stockholders of record on Thursday, June 20th will be issued a $0.19 dividend. The ex-dividend date is Wednesday, June 19th. This represents a $2.28 annualized dividend and a dividend yield of 5.13%. LTC Properties’s payout ratio is 74.51%.

A number of brokerages recently commented on LTC. Zacks Investment Research raised LTC Properties from a “hold” rating to a “buy” rating and set a $53.00 price target for the company in a research note on Wednesday, February 13th. ValuEngine raised LTC Properties from a “hold” rating to a “buy” rating in a research note on Friday, February 8th. Two equities research analysts have rated the stock with a sell rating, three have given a hold rating and one has issued a buy rating to the company’s stock. The stock currently has an average rating of “Hold” and a consensus price target of $44.40.

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LTC Properties Company Profile

LTC is a real estate investment trust (REIT) investing in seniors housing and health care properties primarily through sale-leasebacks, mortgage financing, joint-ventures and structured finance solutions including preferred equity and mezzanine lending. LTC holds more than 200 investments in 28 states with 30 operating partners.

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Institutional Ownership by Quarter for LTC Properties (NYSE:LTC)

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