Strs Ohio reduced its position in LTC Properties, Inc. (NYSE:LTC) by 12.3% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 61,943 shares of the real estate investment trust’s stock after selling 8,694 shares during the period. Strs Ohio owned 0.16% of LTC Properties worth $3,183,000 as of its most recent filing with the SEC.
Several other large investors have also modified their holdings of the company. IFC Holdings Incorporated FL raised its stake in shares of LTC Properties by 1.2% in the first quarter. IFC Holdings Incorporated FL now owns 5,759 shares of the real estate investment trust’s stock worth $275,000 after buying an additional 66 shares in the last quarter. Zurcher Kantonalbank Zurich Cantonalbank raised its stake in shares of LTC Properties by 12.7% in the first quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 2,266 shares of the real estate investment trust’s stock worth $109,000 after buying an additional 256 shares in the last quarter. Louisiana State Employees Retirement System raised its stake in shares of LTC Properties by 1.9% in the first quarter. Louisiana State Employees Retirement System now owns 16,100 shares of the real estate investment trust’s stock worth $771,000 after buying an additional 300 shares in the last quarter. Arizona State Retirement System boosted its position in LTC Properties by 2.0% in the first quarter. Arizona State Retirement System now owns 20,596 shares of the real estate investment trust’s stock worth $987,000 after buying an additional 400 shares during the last quarter. Finally, Nomura Asset Management Co. Ltd. boosted its position in LTC Properties by 1.6% in the first quarter. Nomura Asset Management Co. Ltd. now owns 25,550 shares of the real estate investment trust’s stock worth $1,224,000 after buying an additional 400 shares during the last quarter. Hedge funds and other institutional investors own 83.33% of the company’s stock.
LTC Properties, Inc. (NYSE:LTC) opened at 47.11 on Friday. The firm’s 50-day moving average price is $50.26 and its 200-day moving average price is $48.51. The stock has a market cap of $1.86 billion, a PE ratio of 20.71 and a beta of 0.12. LTC Properties, Inc. has a 52 week low of $43.17 and a 52 week high of $54.20.
LTC Properties (NYSE:LTC) last announced its earnings results on Wednesday, August 9th. The real estate investment trust reported $0.79 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.78 by $0.01. The business had revenue of $42.47 million for the quarter, compared to analysts’ expectations of $35.08 million. LTC Properties had a return on equity of 11.99% and a net margin of 53.36%. Equities analysts predict that LTC Properties, Inc. will post $2.18 earnings per share for the current fiscal year.
The business also recently announced a monthly dividend, which will be paid on Thursday, August 31st. Shareholders of record on Wednesday, August 23rd will be given a dividend of $0.19 per share. The ex-dividend date of this dividend is Monday, August 21st. This represents a $2.28 annualized dividend and a yield of 4.84%. LTC Properties’s dividend payout ratio (DPR) is presently 100.00%.
A number of research analysts have recently commented on LTC shares. Hilliard Lyons upgraded LTC Properties from an “underperform” rating to a “neutral” rating in a research note on Wednesday, May 10th. Canaccord Genuity restated a “buy” rating and issued a $58.00 target price on shares of LTC Properties in a research note on Tuesday, May 9th. BMO Capital Markets restated a “hold” rating and issued a $50.00 target price on shares of LTC Properties in a research note on Tuesday, May 9th. Zacks Investment Research upgraded LTC Properties from a “sell” rating to a “hold” rating in a research note on Wednesday, May 17th. Finally, BidaskClub cut LTC Properties from a “buy” rating to a “hold” rating in a research note on Saturday, July 8th. Three investment analysts have rated the stock with a sell rating, five have given a hold rating and two have issued a buy rating to the company’s stock. The company currently has an average rating of “Hold” and a consensus target price of $50.60.
LTC Properties Company Profile
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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