LTC Properties Inc (NYSE:LTC) was in 5 hedge funds’ portfolio at the end of the fourth quarter of 2012. LTC shareholders have witnessed a decrease in activity from the world’s largest hedge funds of late. There were 9 hedge funds in our database with LTC positions at the end of the previous quarter.
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With all of this in mind, it’s important to take a glance at the latest action surrounding LTC Properties Inc (NYSE:LTC).
What have hedge funds been doing with LTC Properties Inc (NYSE:LTC)?
In preparation for this year, a total of 5 of the hedge funds we track were bullish in this stock, a change of -44% from the previous quarter. With hedge funds’ sentiment swirling, there exists an “upper tier” of noteworthy hedge fund managers who were upping their holdings significantly.
Of the funds we track, AQR Capital Management, managed by Cliff Asness, holds the biggest position in LTC Properties Inc (NYSE:LTC). AQR Capital Management has a $10.7 million position in the stock, comprising less than 0.1%% of its 13F portfolio. On AQR Capital Management’s heels is Israel Englander of Millennium Management, with a $0.9 million position; the fund has less than 0.1%% of its 13F portfolio invested in the stock. Other hedge funds that are bullish include Ken Griffin’s Citadel Investment Group, Jim Simons’s Renaissance Technologies and Mike Vranos’s Ellington.
Seeing as LTC Properties Inc (NYSE:LTC) has faced falling interest from the entirety of the hedge funds we track, we can see that there exists a select few hedge funds that elected to cut their full holdings heading into 2013. It’s worth mentioning that D. E. Shaw’s D E Shaw sold off the biggest position of all the hedgies we watch, valued at about $3.2 million in stock., and Peter Rathjens, Bruce Clarke and John Campbell of Arrowstreet Capital was right behind this move, as the fund said goodbye to about $0.7 million worth. These transactions are interesting, as total hedge fund interest fell by 4 funds heading into 2013.
Insider trading activity in LTC Properties Inc (NYSE:LTC)
Insider purchases made by high-level executives is at its handiest when the company in focus has seen transactions within the past 180 days. Over the latest 180-day time frame, LTC Properties Inc (NYSE:LTC) has experienced zero unique insiders purchasing, and 5 insider sales (see the details of insider trades here).
Let’s also take a look at hedge fund and insider activity in other stocks similar to LTC Properties Inc (NYSE:LTC). These stocks are Healthcare Realty Trust Inc (NYSE:HR), Medical Properties Trust, Inc. (NYSE:MPW), Universal Health Realty Income Trust (NYSE:UHT), National Health Investors Inc (NYSE:NHI), and Sabra Health Care REIT Inc (NASDAQ:SBRA). This group of stocks are the members of the reit – healthcare facilities industry and their market caps are similar to LTC’s market cap.