ExodusPoint Capital Management LP Reduces Holdings in LTC Properties, Inc. (NYSE:LTC)

ExodusPoint Capital Management LP reduced its holdings in LTC Properties, Inc. (NYSE:LTC - Free Report) by 74.6% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 16,720 shares of the real estate investment trust's stock after selling 49,172 shares during the period. ExodusPoint Capital Management LP's holdings in LTC Properties were worth $578,000 at the end of the most recent quarter.

Several other large investors have also made changes to their positions in the business. Vanguard Group Inc. lifted its holdings in LTC Properties by 0.6% during the fourth 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 in the last quarter. State Street Corp lifted its stake in LTC Properties by 5.8% in the 3rd quarter. State Street Corp now owns 3,305,037 shares of the real estate investment trust's stock valued at $121,262,000 after buying an additional 181,973 shares in the last quarter. Geode Capital Management LLC boosted 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 buying an additional 41,581 shares during the last quarter. Bank of New York Mellon Corp increased its stake in LTC Properties by 6.1% during the 4th 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 buying an additional 55,254 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. raised its holdings in shares of LTC Properties by 9.0% during 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. 69.25% of the stock is owned by institutional investors and hedge funds.

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Analyst Upgrades and Downgrades

A number of analysts have recently issued reports on the company. JMP Securities raised LTC Properties from a "market perform" rating to an "outperform" rating and set a $40.00 price target on the stock in a research note on Tuesday, January 7th. Citizens Jmp upgraded shares of LTC Properties from a "hold" rating to a "strong-buy" rating in a research report on Tuesday, January 7th. Finally, Wells Fargo & Company cut their price objective on shares of LTC Properties from $38.00 to $36.00 and set an "equal weight" rating for the company in a report on Monday, March 10th.

LTC Properties Trading Up 1.9 %

Shares of LTC stock traded up $0.65 on Monday, hitting $34.72. 239,175 shares of the stock traded hands, compared to its average volume of 300,446. The company has a debt-to-equity ratio of 0.75, a quick ratio of 11.60 and a current ratio of 11.60. LTC Properties, Inc. has a twelve month low of $31.24 and a twelve month high of $39.89. The firm's 50-day moving average price is $34.82 and its two-hundred day moving average price is $35.73. The stock has a market capitalization of $1.59 billion, a PE ratio of 14.90 and a beta of 0.74.

LTC Properties (NYSE:LTC - Get Free Report) last released its quarterly earnings results on Monday, February 24th. The real estate investment trust reported $0.72 EPS for the quarter, topping analysts' consensus estimates of $0.65 by $0.07. The company had revenue of $34.81 million for the quarter, compared to analysts' expectations of $45.25 million. LTC Properties had a return on equity of 10.49% and a net margin of 48.77%. As a group, analysts anticipate that LTC Properties, Inc. will post 2.79 EPS for the current year.

LTC Properties Announces Dividend

The business also recently declared a monthly dividend, which will be paid on Monday, June 30th. Shareholders of record on Friday, June 20th will be given a $0.19 dividend. This represents a $2.28 dividend on an annualized basis and a yield of 6.57%. The ex-dividend date of this dividend is Friday, June 20th. LTC Properties's dividend payout ratio 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.