Schroder Investment Management Group lowered its holdings in LTC Properties Inc (NYSE:LTC) by 10.7% in the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 88,832 shares of the real estate investment trust’s stock after selling 10,629 shares during the quarter. Schroder Investment Management Group owned approximately 0.22% of LTC Properties worth $4,164,000 at the end of the most recent reporting period.
Several other large investors have also bought and sold shares of LTC. Renaissance Technologies LLC bought a new position in shares of LTC Properties during the 1st quarter worth approximately $1,068,000. Municipal Employees Retirement System of Michigan grew its position in LTC Properties by 4.4% during the 2nd quarter. Municipal Employees Retirement System of Michigan now owns 9,350 shares of the real estate investment trust’s stock worth $480,000 after purchasing an additional 390 shares during the last quarter. Great West Life Assurance Co. Can grew its position in LTC Properties by 2.9% during the 2nd quarter. Great West Life Assurance Co. Can now owns 75,791 shares of the real estate investment trust’s stock worth $3,895,000 after purchasing an additional 2,165 shares during the last quarter. Daiwa Securities Group Inc. grew its position in LTC Properties by 9.4% during the 2nd quarter. Daiwa Securities Group Inc. now owns 3,500 shares of the real estate investment trust’s stock worth $180,000 after purchasing an additional 300 shares during the last quarter. Finally, Texas Permanent School Fund grew its position in LTC Properties by 0.8% during the 2nd quarter. Texas Permanent School Fund now owns 28,892 shares of the real estate investment trust’s stock worth $1,485,000 after purchasing an additional 233 shares during the last quarter. Institutional investors and hedge funds own 78.25% of the company’s stock.
LTC Properties Inc (NYSE:LTC) traded up $0.08 on Tuesday, hitting $45.41. 113,500 shares of the company traded hands, compared to its average volume of 209,795. The company has a debt-to-equity ratio of 0.84, a quick ratio of 8.66 and a current ratio of 8.66. LTC Properties Inc has a 1 year low of $44.91 and a 1 year high of $52.85. The firm has a market cap of $1,800.00, a PE ratio of 14.58, a P/E/G ratio of 3.68 and a beta of 0.17.
LTC Properties (NYSE:LTC) last posted its quarterly earnings data on Wednesday, November 8th. The real estate investment trust reported $0.76 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.50 by $0.26. The company had revenue of $41.25 million during the quarter, compared to analysts’ expectations 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 prior year, the business posted $0.57 earnings per share. analysts forecast that LTC Properties Inc will post 3.08 earnings per share for the current fiscal year.
The business also recently disclosed a monthly dividend, which was paid on Thursday, November 30th. Shareholders of record on Wednesday, November 22nd were given a dividend of $0.19 per share. This represents a $2.28 dividend on an annualized basis and a yield of 5.02%. The ex-dividend date of this dividend was Tuesday, November 21st. LTC Properties’s dividend payout ratio is presently 102.70%.
LTC has been the topic of several research analyst reports. Zacks Investment Research raised shares of LTC Properties from a “sell” rating to a “hold” rating in a research report on Friday, September 22nd. KeyCorp reaffirmed a “hold” rating on shares of LTC Properties in a report on Sunday, September 17th. BidaskClub raised shares of LTC Properties from a “sell” rating to a “hold” rating in a report on Saturday, August 26th. Royal Bank of Canada reaffirmed a “hold” rating and issued a $48.00 price objective on shares of LTC Properties in a report on Monday, October 23rd. Finally, Capital One Financial began coverage on shares of LTC Properties in a report on Monday, September 25th. They issued an “overweight” rating and a $50.00 price objective on the stock. Two investment analysts have rated the stock with a sell rating, seven have assigned a hold rating and three have given a buy rating to the company. The company presently has a consensus rating of “Hold” and an average price target of $50.17.
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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