Commonwealth of Pennsylvania Public School Empls Retrmt SYS Increases Stock Position in LTC Properties, Inc. (NYSE:LTC)

Commonwealth of Pennsylvania Public School Empls Retrmt SYS boosted its holdings in LTC Properties, Inc. (NYSE:LTC - Free Report) by 43.1% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 24,099 shares of the real estate investment trust's stock after buying an additional 7,259 shares during the period. Commonwealth of Pennsylvania Public School Empls Retrmt SYS owned approximately 0.05% of LTC Properties worth $833,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also made changes to their positions in LTC. Teacher Retirement System of Texas lifted its stake in LTC Properties by 7.2% in the 4th quarter. Teacher Retirement System of Texas now owns 10,970 shares of the real estate investment trust's stock valued at $379,000 after acquiring an additional 734 shares in the last quarter. Maryland State Retirement & Pension System boosted its stake in LTC Properties by 3.8% in the 4th quarter. Maryland State Retirement & Pension System now owns 15,242 shares of the real estate investment trust's stock valued at $527,000 after purchasing an additional 556 shares during the period. Thrivent Financial for Lutherans increased its position in LTC Properties by 2.4% during the fourth quarter. Thrivent Financial for Lutherans now owns 34,984 shares of the real estate investment trust's stock worth $1,209,000 after acquiring an additional 831 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank boosted its stake in shares of LTC Properties by 52.7% in the fourth quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 23,360 shares of the real estate investment trust's stock valued at $807,000 after buying an additional 8,064 shares during the period. Finally, AlphaQuest LLC grew its holdings in shares of LTC Properties by 23,470.0% during the 4th quarter. AlphaQuest LLC now owns 2,357 shares of the real estate investment trust's stock worth $81,000 after purchasing an additional 2,347 shares in the last quarter. 69.25% of the stock is currently owned by institutional investors.

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LTC Properties Stock Performance

NYSE:LTC traded up $0.30 on Friday, reaching $35.23. 263,647 shares of the company's stock were exchanged, compared to its average volume of 297,757. The stock has a fifty day simple moving average of $34.88 and a 200-day simple moving average of $35.97. 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, Inc. has a 52 week low of $31.14 and a 52 week high of $39.89. The firm has a market cap of $1.60 billion, a price-to-earnings ratio of 15.12 and a beta of 0.96.

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

LTC Properties Announces Dividend

The business also recently disclosed a jan 25 dividend, which will be paid on Monday, March 31st. Stockholders of record on Friday, March 21st will be paid a dividend of $0.19 per share. This represents a dividend yield of 6.45%. The ex-dividend date of this dividend is Friday, March 21st. LTC Properties's dividend payout ratio (DPR) is presently 111.22%.

Wall Street Analysts Forecast Growth

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

LTC Properties Company 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.