Adams Wealth Management Has $636,000 Stake in LTC Properties, Inc. (NYSE:LTC)

Adams Wealth Management increased its position in shares of LTC Properties, Inc. (NYSE:LTC) by 25.2% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 18,424 shares of the real estate investment trust’s stock after purchasing an additional 3,709 shares during the period. Adams Wealth Management’s holdings in LTC Properties were worth $636,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors have also added to or reduced their stakes in the company. Mutual of America Capital Management LLC lifted its holdings in shares of LTC Properties by 4.8% during the fourth quarter. Mutual of America Capital Management LLC now owns 6,856 shares of the real estate investment trust’s stock worth $237,000 after buying an additional 314 shares in the last quarter. Amalgamated Bank raised its stake in LTC Properties by 2.5% in the 4th quarter. Amalgamated Bank now owns 13,135 shares of the real estate investment trust’s stock worth $454,000 after purchasing an additional 315 shares in the last quarter. Summit Investment Advisors Inc. boosted its holdings in LTC Properties by 7.5% in the 4th quarter. Summit Investment Advisors Inc. now owns 4,678 shares of the real estate investment trust’s stock valued at $162,000 after purchasing an additional 327 shares during the period. Bridge City Capital LLC grew its position in shares of LTC Properties by 0.9% during the 4th quarter. Bridge City Capital LLC now owns 44,481 shares of the real estate investment trust’s stock worth $1,537,000 after purchasing an additional 391 shares in the last quarter. Finally, Oregon Public Employees Retirement Fund increased its holdings in shares of LTC Properties by 3.9% during the fourth quarter. Oregon Public Employees Retirement Fund now owns 10,638 shares of the real estate investment trust’s stock worth $368,000 after purchasing an additional 400 shares during the period. 69.25% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

LTC has been the topic of a number of analyst reports. JMP Securities raised LTC Properties from a “market perform” rating to an “outperform” rating and set a $40.00 price target on the stock in a research report on Tuesday, January 7th. Wells Fargo & Company decreased their price target on LTC Properties from $38.00 to $36.00 and set an “equal weight” rating on the stock in a research report on Monday, March 10th. Finally, Citizens Jmp raised shares of LTC Properties from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, January 7th.

LTC Properties Trading Up 1.2 %

Shares of LTC stock opened at $35.72 on Friday. The company has a debt-to-equity ratio of 0.75, a quick ratio of 11.60 and a current ratio of 11.60. LTC Properties, Inc. has a fifty-two week low of $31.24 and a fifty-two week high of $39.89. The company has a market cap of $1.64 billion, a PE ratio of 15.33 and a beta of 0.74. The stock’s fifty day moving average price is $34.86 and its two-hundred day moving average price is $35.72.

LTC Properties (NYSE:LTC) last released its earnings results on Monday, February 24th. The real estate investment trust reported $0.72 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.65 by $0.07. The firm had revenue of $34.81 million for the quarter, compared to analysts’ expectations of $45.25 million. LTC Properties had a return on equity of 10.49% and a net margin of 48.77%. Equities analysts predict that LTC Properties, Inc. will post 2.79 EPS for the current fiscal year.

LTC Properties Dividend Announcement

The business also recently disclosed a monthly dividend, which will be paid on Monday, June 30th. Investors of record on Friday, June 20th will be paid a $0.19 dividend. This represents a $2.28 annualized dividend and a yield of 6.38%. The ex-dividend date is Friday, June 20th. LTC Properties’s payout ratio is 111.22%.

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.