Amundi Has $1.54 Million Stock Position in LTC Properties, Inc. (NYSE:LTC)

Amundi increased its position in LTC Properties, Inc. (NYSE:LTC - Free Report) by 47.5% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 44,981 shares of the real estate investment trust's stock after purchasing an additional 14,493 shares during the quarter. Amundi owned approximately 0.10% of LTC Properties worth $1,540,000 as of its most recent SEC filing.

Several other hedge funds have also bought and sold shares of LTC. State Street Corp raised its position in shares of LTC Properties by 5.8% in the third quarter. State Street Corp now owns 3,305,037 shares of the real estate investment trust's stock valued at $121,262,000 after purchasing an additional 181,973 shares during the period. Geode Capital Management LLC increased its holdings in shares of LTC Properties by 0.7% during the third quarter. Geode Capital Management LLC now owns 1,125,020 shares of the real estate investment trust's stock worth $41,284,000 after purchasing an additional 8,351 shares during the period. Bank of New York Mellon Corp raised its position in shares of LTC Properties by 6.1% in the fourth quarter. Bank of New York Mellon Corp now owns 962,651 shares of the real estate investment trust's stock valued at $33,260,000 after buying an additional 55,254 shares in the last quarter. Charles Schwab Investment Management Inc. boosted its stake in shares of LTC Properties by 9.0% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 822,724 shares of the real estate investment trust's stock valued at $28,425,000 after buying an additional 68,212 shares during the period. Finally, Strategic Financial Concepts LLC grew its position in LTC Properties by 3,358.4% during the fourth quarter. Strategic Financial Concepts LLC now owns 658,026 shares of the real estate investment trust's stock worth $22,735,000 after buying an additional 638,999 shares in the last quarter. 69.25% of the stock is currently owned by institutional investors and hedge funds.

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Analyst Upgrades and Downgrades

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

LTC Properties Price Performance

Shares of NYSE LTC traded down $0.32 during mid-day trading on Friday, hitting $34.54. 652,875 shares of the stock traded hands, compared to its average volume of 275,873. The firm has a 50 day simple moving average of $34.80 and a two-hundred day simple moving average of $36.05. LTC Properties, Inc. has a twelve month low of $31.14 and a twelve month high of $39.89. The company has a market cap of $1.57 billion, a PE ratio of 14.82 and a beta of 0.96. The company has a debt-to-equity ratio of 0.75, a current ratio of 11.60 and a quick ratio of 11.60.

LTC Properties (NYSE:LTC - Get Free Report) 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, beating analysts' consensus estimates of $0.65 by $0.07. LTC Properties had a net margin of 48.77% and a return on equity of 10.49%. The business had revenue of $34.81 million during the quarter, compared to analyst estimates of $45.25 million. As a group, equities research analysts forecast that LTC Properties, Inc. will post 2.79 EPS for the current fiscal year.

LTC Properties Announces Dividend

The firm also recently disclosed a jan 25 dividend, which will be paid on Monday, March 31st. Investors of record on Friday, March 21st will be paid 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 is 111.22%.

LTC Properties Profile

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.