Mizuho Downgrades LTC Properties Inc. (LTC)


LTC Properties Inc. (NYSE:LTC) was downgraded by analysts at Mizuho from a “buy” rating to a “neutral” rating in a research note issued to investors on Monday. They presently have a $53.00 target price on the real estate investment trust’s stock. Mizuho’s price target would indicate a potential upside of 0.63% from the stock’s previous close.

A number of hedge funds and institutional investors have recently added to or reduced their stakes in the company. Squarepoint Ops LLC purchased a new position in LTC Properties during the first quarter valued at approximately $255,000. Aperio Group LLC increased its position in LTC Properties by 29.8% in the first quarter. Aperio Group LLC now owns 9,837 shares of the real estate investment trust’s stock valued at $445,000 after buying an additional 2,261 shares during the last quarter. Ladenburg Thalmann Financial Services Inc. increased its position in LTC Properties by 7.6% in the first quarter. Ladenburg Thalmann Financial Services Inc. now owns 10,769 shares of the real estate investment trust’s stock valued at $488,000 after buying an additional 757 shares during the last quarter. BNP Paribas Arbitrage SA increased its position in LTC Properties by 123.0% in the second quarter. BNP Paribas Arbitrage SA now owns 12,036 shares of the real estate investment trust’s stock valued at $623,000 after buying an additional 6,638 shares during the last quarter. Finally, Independent Portfolio Consultants Inc. increased its position in LTC Properties by 56.6% in the second quarter. Independent Portfolio Consultants Inc. now owns 12,860 shares of the real estate investment trust’s stock valued at $665,000 after buying an additional 4,650 shares during the last quarter.




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