LTC Properties, Inc. (NYSE:LTC) Stock Holdings Lifted by Franklin Resources Inc.

Franklin Resources Inc. boosted its stake in LTC Properties, Inc. (NYSE:LTC - Free Report) by 76.9% during the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 31,599 shares of the real estate investment trust's stock after purchasing an additional 13,738 shares during the quarter. Franklin Resources Inc. owned about 0.07% of LTC Properties worth $1,092,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. AlphaQuest LLC increased its stake in LTC Properties by 23,470.0% during the fourth quarter. AlphaQuest LLC now owns 2,357 shares of the real estate investment trust's stock worth $81,000 after acquiring an additional 2,347 shares during the last quarter. GAMMA Investing LLC boosted its holdings in shares of 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 purchasing an additional 638 shares during the period. PNC Financial Services Group Inc. grew 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 worth $88,000 after buying an additional 565 shares in the last quarter. FMR LLC grew its holdings in LTC Properties by 132.7% during the 3rd quarter. FMR LLC now owns 2,899 shares of the real estate investment trust's stock worth $106,000 after acquiring an additional 1,653 shares in the last quarter. Finally, Mutual of America Capital Management LLC increased its holdings in 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 valued at $237,000 after buying an additional 314 shares during the period. 69.25% of the stock is owned by institutional investors.

LTC Properties Stock Performance

NYSE LTC traded up $0.43 on Friday, reaching $35.72. The stock had a trading volume of 289,306 shares, compared to its average volume of 302,402. LTC Properties, Inc. has a 12-month low of $31.24 and a 12-month high of $39.89. The business's 50-day moving average price is $34.89 and its 200 day moving average price is $35.71. The company has a debt-to-equity ratio of 0.75, a quick ratio of 11.60 and a current ratio of 11.60. The stock has a market cap of $1.64 billion, a P/E ratio of 15.33 and a beta of 0.74.

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

LTC Properties Announces Dividend

The firm also recently declared 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 dividend yield of 6.38%. The ex-dividend date of this dividend is Friday, June 20th. LTC Properties's dividend payout ratio (DPR) is 111.22%.

Analyst Upgrades and Downgrades

LTC has been the subject of a number of recent analyst reports. Wells Fargo & Company lowered their target price on shares of LTC Properties from $38.00 to $36.00 and set an "equal weight" rating for the company in a research note on Monday, March 10th. 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 note on Tuesday, January 7th. Finally, Citizens Jmp raised LTC Properties from a "hold" rating to a "strong-buy" rating in a research note on Tuesday, January 7th.

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.