Dynamic Technology Lab Private Ltd acquired a new stake in shares of LTC Properties Inc (NYSE:LTC) in the third quarter, according to the company in its most recent Form 13F filing with the SEC. The fund acquired 8,157 shares of the real estate investment trust’s stock, valued at approximately $383,000.
A number of other institutional investors have also recently modified their holdings of LTC. Ameriprise Financial Inc. grew its stake in LTC Properties by 1.5% in the 3rd quarter. Ameriprise Financial Inc. now owns 345,608 shares of the real estate investment trust’s stock worth $16,237,000 after acquiring an additional 5,038 shares in the last quarter. SG Americas Securities LLC lifted its position in LTC Properties by 130.6% during the third quarter. SG Americas Securities LLC now owns 6,308 shares of the real estate investment trust’s stock valued at $296,000 after acquiring an additional 3,573 shares during the last quarter. Quantbot Technologies LP purchased a new stake in LTC Properties during the third quarter valued at approximately $139,000. Municipal Employees Retirement System of Michigan lifted its position in LTC Properties by 58.8% during the third quarter. Municipal Employees Retirement System of Michigan now owns 14,850 shares of the real estate investment trust’s stock valued at $698,000 after acquiring an additional 5,500 shares during the last quarter. Finally, New York State Common Retirement Fund lifted its position in LTC Properties by 3.1% during the third quarter. New York State Common Retirement Fund now owns 43,400 shares of the real estate investment trust’s stock valued at $2,039,000 after acquiring an additional 1,300 shares during the last quarter. 78.25% of the stock is owned by institutional investors.
Shares of LTC Properties Inc (NYSE LTC) traded up $0.09 during mid-day trading on Friday, reaching $45.33. 131,571 shares of the company’s stock were exchanged, compared to its average volume of 248,009. The stock has a market capitalization of $1,793.75, a P/E ratio of 14.58, a PEG ratio of 3.68 and a beta of 0.16. LTC Properties Inc has a one year low of $44.91 and a one year high of $52.85. The company has a quick ratio of 8.66, a current ratio of 8.66 and a debt-to-equity ratio of 0.84.
LTC Properties (NYSE:LTC) last released its quarterly earnings results on Wednesday, November 8th. The real estate investment trust reported $0.76 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.50 by $0.26. The business had revenue of $41.25 million for the quarter, compared to the consensus estimate of $32.91 million. LTC Properties had a net margin of 52.18% and a return on equity of 11.69%. During the same period in the previous year, the firm earned $0.57 EPS. analysts anticipate that LTC Properties Inc will post 3.08 earnings per share for the current fiscal year.
The company also recently declared a monthly dividend, which was paid on Thursday, November 30th. Shareholders of record on Wednesday, November 22nd were issued a dividend of $0.19 per share. This represents a $2.28 annualized dividend and a yield of 5.03%. The ex-dividend date was Tuesday, November 21st. LTC Properties’s dividend payout ratio (DPR) is presently 102.24%.
LTC has been the subject of a number of research analyst reports. BidaskClub cut shares of LTC Properties from a “hold” rating to a “sell” rating in a report on Saturday, August 12th. Stifel Nicolaus set a $46.00 target price on shares of LTC Properties and gave the stock a “hold” rating in a report on Sunday, August 13th. Zacks Investment Research lowered shares of LTC Properties from a “hold” rating to a “sell” rating in a research report on Wednesday, August 16th. KeyCorp restated a “hold” rating on shares of LTC Properties in a research report on Sunday, September 17th. Finally, Capital One Financial began coverage on shares of LTC Properties in a research report on Monday, September 25th. They issued an “overweight” rating and a $50.00 target price on the stock. Two analysts have rated the stock with a sell rating, seven have issued a hold rating and three have given a buy rating to the stock. The stock presently has a consensus rating of “Hold” and a consensus price target of $50.17.
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About LTC Properties
LTC Properties Inc is a healthcare real estate investment trust (REIT). The Company invests in senior housing and healthcare properties through sale-leaseback transactions, mortgage financing and structured finance solutions, including mezzanine lending. It invests in various properties, including Skilled nursing facilities (SNF), Assisted living facilities (ALF), Independent living facilities (ILF), Memory care facilities (MC) and Range of care facilities (ROC).
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