Y Intercept Hong Kong Ltd Has $441,000 Position in LTC Properties, Inc. (NYSE:LTC)

Y Intercept Hong Kong Ltd lowered its stake in LTC Properties, Inc. (NYSE:LTC - Free Report) by 43.3% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 12,760 shares of the real estate investment trust's stock after selling 9,744 shares during the quarter. Y Intercept Hong Kong Ltd's holdings in LTC Properties were worth $441,000 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. State Street Corp boosted its position in shares of LTC Properties by 5.8% during the third quarter. State Street Corp now owns 3,305,037 shares of the real estate investment trust's stock worth $121,262,000 after buying an additional 181,973 shares during the period. Geode Capital Management LLC lifted its stake in LTC Properties by 0.7% in the 3rd quarter. Geode Capital Management LLC now owns 1,125,020 shares of the real estate investment trust's stock valued at $41,284,000 after acquiring an additional 8,351 shares in the last quarter. Charles Schwab Investment Management Inc. boosted its position in LTC Properties by 4.2% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 754,512 shares of the real estate investment trust's stock worth $27,683,000 after acquiring an additional 30,422 shares during the last quarter. Strategic Financial Concepts LLC grew 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 acquiring an additional 638,999 shares in the last quarter. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC raised its holdings in shares of LTC Properties by 312.3% in the third quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 332,173 shares of the real estate investment trust's stock valued at $12,187,000 after purchasing an additional 251,609 shares during the last quarter. Institutional investors and hedge funds own 69.25% of the company's stock.

Insiders Place Their Bets

In other LTC Properties news, Director David L. Gruber bought 3,000 shares of LTC Properties stock in a transaction dated Wednesday, December 11th. The stock was bought at an average cost of $37.16 per share, for a total transaction of $111,480.00. Following the purchase, the director now owns 21,516 shares of the company's stock, valued at $799,534.56. The trade was a 16.20 % increase in their position. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Company insiders own 2.00% of the company's stock.

Wall Street Analyst Weigh In

Several research analysts recently commented on LTC shares. JMP Securities upgraded shares of LTC Properties from a "market perform" rating to an "outperform" rating and set a $40.00 target price for the company in a report on Tuesday, January 7th. Citizens Jmp raised shares of LTC Properties from a "hold" rating to a "strong-buy" rating in a research report on Tuesday, January 7th.

LTC Properties Stock Up 2.5 %

Shares of LTC Properties stock traded up $0.86 on Monday, reaching $35.75. 430,307 shares of the company were exchanged, compared to its average volume of 269,083. The company has a market capitalization of $1.62 billion, a price-to-earnings ratio of 15.34 and a beta of 0.93. 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, Inc. has a one year low of $31.14 and a one year high of $39.89. The company has a 50-day moving average of $34.43 and a 200 day moving average of $36.09.

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

LTC Properties Dividend Announcement

The firm also recently declared a jan 25 dividend, which will be paid on Monday, March 31st. Investors of record on Friday, March 21st will be issued a dividend of $0.19 per share. This represents a yield of 6.45%. The ex-dividend date is Friday, March 21st. LTC Properties's payout ratio is currently 111.22%.

About LTC Properties

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.