Marshall Wace LLP Purchases 150,023 Shares of LTC Properties, Inc. (NYSE:LTC)

Marshall Wace LLP grew its position in shares of LTC Properties, Inc. (NYSE:LTC - Free Report) by 37.3% in the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 552,308 shares of the real estate investment trust's stock after acquiring an additional 150,023 shares during the quarter. Marshall Wace LLP owned 1.22% of LTC Properties worth $19,082,000 at the end of the most recent reporting period.

Several other hedge funds also recently made changes to their positions in the business. AlphaQuest LLC boosted its stake in shares of LTC Properties by 23,470.0% during the 4th quarter. AlphaQuest LLC now owns 2,357 shares of the real estate investment trust's stock worth $81,000 after buying an additional 2,347 shares during the last quarter. GAMMA Investing LLC lifted its stake in LTC Properties by 35.3% in the fourth quarter. GAMMA Investing LLC now owns 2,443 shares of the real estate investment trust's stock valued at $84,000 after acquiring an additional 638 shares during the last quarter. PNC Financial Services Group Inc. grew its position in shares of LTC Properties by 28.5% in the 4th quarter. PNC Financial Services Group Inc. now owns 2,546 shares of the real estate investment trust's stock valued at $88,000 after acquiring an additional 565 shares during the period. FMR LLC increased its stake in shares of LTC Properties by 132.7% during the 3rd quarter. FMR LLC now owns 2,899 shares of the real estate investment trust's stock worth $106,000 after purchasing an additional 1,653 shares during the last quarter. Finally, Summit Investment Advisors Inc. raised its holdings in shares of LTC Properties by 7.5% in the 4th quarter. Summit Investment Advisors Inc. now owns 4,678 shares of the real estate investment trust's stock valued at $162,000 after purchasing an additional 327 shares during the period. 69.25% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

LTC has been the subject of a number of research analyst reports. Wells Fargo & Company reduced their price target on LTC Properties from $38.00 to $36.00 and set an "equal weight" rating for the company in a report on Monday, March 10th. JMP Securities upgraded LTC Properties from a "market perform" rating to an "outperform" rating and set a $40.00 target price for the company in a research note on Tuesday, January 7th. Finally, Citizens Jmp upgraded LTC Properties from a "hold" rating to a "strong-buy" rating in a research note on Tuesday, January 7th.

LTC Properties Stock Up 1.2 %

Shares of LTC opened at $35.72 on Friday. The firm has a market cap of $1.64 billion, a P/E ratio of 15.33 and a beta of 0.74. 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 52 week low of $31.70 and a 52 week high of $39.89. The firm's 50-day simple moving average is $34.93 and its 200 day simple moving average is $35.70.

LTC Properties (NYSE:LTC - Get Free Report) last posted its earnings results on Monday, February 24th. The real estate investment trust reported $0.72 EPS for the quarter, beating the consensus estimate of $0.65 by $0.07. The company had revenue of $34.81 million for the quarter, compared to the consensus estimate of $45.25 million. LTC Properties had a return on equity of 10.49% and a net margin of 48.77%. On average, analysts forecast that LTC Properties, Inc. will post 2.79 earnings per share for the current year.

LTC Properties Dividend Announcement

The company also recently announced a monthly dividend, which will be paid on Monday, June 30th. Stockholders of record on Friday, June 20th will be issued a dividend of $0.19 per share. This represents a $2.28 dividend on an annualized basis and a dividend yield of 6.38%. The ex-dividend date of this dividend is Friday, June 20th. LTC Properties's dividend payout ratio is currently 111.22%.

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.