LTC Properties, Inc. (NYSE:LTC) Shares Sold by Invesco Ltd.

Invesco Ltd. decreased its holdings in shares of LTC Properties, Inc. (NYSE:LTC - Free Report) by 47.3% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 247,334 shares of the real estate investment trust's stock after selling 222,075 shares during the quarter. Invesco Ltd. owned about 0.55% of LTC Properties worth $8,545,000 as of its most recent SEC filing.

Several other institutional investors have also bought and sold shares of LTC. Vanguard Group Inc. increased its stake in LTC Properties by 0.6% during the fourth quarter. Vanguard Group Inc. now owns 6,960,934 shares of the real estate investment trust's stock worth $240,500,000 after acquiring an additional 39,470 shares during the last quarter. Geode Capital Management LLC increased its position in shares of LTC Properties by 3.7% during the 4th quarter. Geode Capital Management LLC now owns 1,166,601 shares of the real estate investment trust's stock valued at $40,314,000 after purchasing an additional 41,581 shares during the last quarter. Bank of New York Mellon Corp raised its holdings in LTC Properties by 6.1% during the 4th 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 during the period. Charles Schwab Investment Management Inc. lifted its position in 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 worth $28,425,000 after buying an additional 68,212 shares during the last quarter. Finally, Strategic Financial Concepts LLC boosted its stake 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 during the period. Institutional investors own 69.25% of the company's stock.

LTC Properties Trading Down 0.4 %

Shares of NYSE:LTC traded down $0.13 during trading on Friday, reaching $35.39. 172,512 shares of the company were exchanged, compared to its average volume of 304,083. The business's fifty day simple moving average is $35.05 and its 200-day simple moving average is $35.69. LTC Properties, Inc. has a 12-month low of $31.70 and a 12-month high of $39.89. The firm has a market capitalization of $1.62 billion, a PE ratio of 15.19 and a beta of 0.74. 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 announced its earnings results on Monday, February 24th. The real estate investment trust reported $0.72 earnings per share 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 during the quarter, compared to the consensus estimate of $45.25 million. On average, research analysts anticipate that LTC Properties, Inc. will post 2.79 EPS for the current year.

LTC Properties Announces Dividend

The business also recently disclosed a monthly dividend, which will be paid on Monday, June 30th. Shareholders of record on Friday, June 20th will be paid a dividend of $0.19 per share. The ex-dividend date of this dividend is Friday, June 20th. This represents a $2.28 dividend on an annualized basis and a dividend yield of 6.44%. LTC Properties's payout ratio is currently 111.22%.

Analyst Upgrades and Downgrades

LTC has been the subject of several analyst reports. JMP Securities upgraded shares of LTC Properties from a "market perform" rating to an "outperform" rating and set a $40.00 target price for the company in a report on Tuesday, January 7th. Citizens Jmp raised shares of LTC Properties from a "hold" rating to a "strong-buy" rating in a research note on Tuesday, January 7th. Finally, 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.

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.