Commonwealth of Pennsylvania Public School Empls Retrmt SYS Purchases 7,259 Shares of LTC Properties, Inc. (NYSE:LTC)

Commonwealth of Pennsylvania Public School Empls Retrmt SYS boosted its position in LTC Properties, Inc. (NYSE:LTC) by 43.1% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 24,099 shares of the real estate investment trust’s stock after acquiring an additional 7,259 shares during the period. Commonwealth of Pennsylvania Public School Empls Retrmt SYS owned 0.05% of LTC Properties worth $833,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. AlphaQuest LLC boosted its stake in shares of LTC Properties by 23,470.0% in the 4th quarter. AlphaQuest LLC now owns 2,357 shares of the real estate investment trust’s stock valued at $81,000 after purchasing an additional 2,347 shares during the last quarter. GAMMA Investing LLC boosted its stake in LTC Properties by 35.3% in the fourth quarter. GAMMA Investing LLC now owns 2,443 shares of the real estate investment trust’s stock valued at $84,000 after acquiring an additional 638 shares during the last quarter. PNC Financial Services Group Inc. raised its position in shares of LTC Properties by 28.5% during the 4th quarter. PNC Financial Services Group Inc. now owns 2,546 shares of the real estate investment trust’s stock valued at $88,000 after acquiring an additional 565 shares during the last quarter. FMR LLC lifted its stake in shares of LTC Properties by 132.7% in the 3rd quarter. FMR LLC now owns 2,899 shares of the real estate investment trust’s stock valued at $106,000 after purchasing an additional 1,653 shares during the period. Finally, Mutual of America Capital Management LLC boosted its position in shares of LTC Properties by 4.8% in the 4th quarter. Mutual of America Capital Management LLC now owns 6,856 shares of the real estate investment trust’s stock worth $237,000 after purchasing an additional 314 shares during the last quarter. 69.25% of the stock is currently owned by institutional investors and hedge funds.

LTC Properties Trading Up 0.4 %

NYSE:LTC opened at $34.97 on Thursday. The business’s 50-day simple moving average is $34.86 and its 200-day simple moving average is $36.00. LTC Properties, Inc. has a fifty-two week low of $31.14 and a fifty-two week high of $39.89. The company has a debt-to-equity ratio of 0.75, a current ratio of 11.60 and a quick ratio of 11.60. The stock has a market capitalization of $1.59 billion, a PE ratio of 15.01 and a beta of 0.96.

LTC Properties (NYSE:LTC) last issued its quarterly earnings data on Monday, February 24th. The real estate investment trust reported $0.72 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.65 by $0.07. The company had revenue of $34.81 million during the quarter, compared to the consensus estimate of $45.25 million. LTC Properties had a net margin of 48.77% and a return on equity of 10.49%. Sell-side analysts expect that LTC Properties, Inc. will post 2.79 earnings per share for the current fiscal year.

LTC Properties Dividend Announcement

The company also recently declared a jan 25 dividend, which will be paid on Monday, March 31st. Stockholders of record on Friday, March 21st will be issued a $0.19 dividend. The ex-dividend date is Friday, March 21st. This represents a dividend yield of 6.45%. LTC Properties’s dividend payout ratio (DPR) is 111.22%.

Analysts Set New Price Targets

Several equities analysts have weighed in on LTC shares. Wells Fargo & Company cut their target price on LTC Properties from $38.00 to $36.00 and set an “equal weight” rating on the stock in a research note on Monday, March 10th. JMP Securities raised shares of LTC Properties from a “market perform” rating to an “outperform” rating and set a $40.00 price objective on the stock in a research note on Tuesday, January 7th. Finally, Citizens Jmp raised shares of LTC Properties from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, January 7th.

About LTC Properties

LTC Properties, Inc is a real estate investment trust, which engages in managing seniors housing and health care properties. It operates through the Texas, Michigan, Florida, Wisconsin, Colorado, and Remaining States geographic segments. The company was founded by Andre C. Dimitriadis on May 12, 1992 and is headquartered in Westlake Village, CA.