Los Angeles Capital Management LLC Acquires New Holdings in LTC Properties, Inc. (NYSE:LTC)

Los Angeles Capital Management LLC purchased a new stake in shares of LTC Properties, Inc. (NYSE:LTC - Free Report) during the 4th quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor purchased 7,237 shares of the real estate investment trust's stock, valued at approximately $250,000.

Several other hedge funds and other institutional investors also recently bought and sold shares of the stock. Amalgamated Bank raised its holdings in LTC Properties by 2.5% during the 4th quarter. Amalgamated Bank now owns 13,135 shares of the real estate investment trust's stock valued at $454,000 after buying an additional 315 shares during the period. Bank of New York Mellon Corp grew its position in LTC Properties by 6.1% in 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 acquiring an additional 55,254 shares during the last quarter. Handelsbanken Fonder AB grew its position in LTC Properties by 24.8% in the 4th quarter. Handelsbanken Fonder AB now owns 20,130 shares of the real estate investment trust's stock valued at $695,000 after acquiring an additional 4,000 shares during the last quarter. Private Advisor Group LLC grew its position in LTC Properties by 10.6% in the 4th quarter. Private Advisor Group LLC now owns 9,208 shares of the real estate investment trust's stock valued at $318,000 after acquiring an additional 879 shares during the last quarter. Finally, Sanctuary Advisors LLC grew its position in LTC Properties by 29.1% in the 4th quarter. Sanctuary Advisors LLC now owns 8,977 shares of the real estate investment trust's stock valued at $307,000 after acquiring an additional 2,022 shares during the last quarter. Hedge funds and other institutional investors own 69.25% of the company's stock.

Insider Transactions at LTC Properties

In related news, Director David L. Gruber acquired 3,000 shares of the company's stock in a transaction that occurred on Wednesday, December 11th. The shares were bought at an average price of $37.16 per share, with a total value of $111,480.00. Following the completion of the transaction, the director now directly owns 21,516 shares in the company, valued at $799,534.56. This trade represents a 16.20 % increase in their ownership of the stock. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Corporate insiders own 2.00% of the company's stock.

Wall Street Analysts Forecast Growth

LTC has been the topic of several research analyst reports. JMP Securities raised LTC Properties from a "market perform" rating to an "outperform" rating and set a $40.00 price objective on the stock in a research report on Tuesday, January 7th. Citizens Jmp raised LTC Properties from a "hold" rating to a "strong-buy" rating in a research report on Tuesday, January 7th.

LTC Properties Stock Up 0.9 %

Shares of LTC traded up $0.31 during midday trading on Wednesday, reaching $36.00. 484,318 shares of the stock were exchanged, compared to its average volume of 272,154. LTC Properties, Inc. has a 52 week low of $31.14 and a 52 week high of $39.89. The company has a current ratio of 11.60, a quick ratio of 11.60 and a debt-to-equity ratio of 0.75. The company's 50 day moving average is $34.47 and its two-hundred day moving average is $36.08. The company has a market capitalization of $1.64 billion, a P/E ratio of 15.45 and a beta of 0.93.

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

LTC Properties Dividend Announcement

The company also recently declared a jan 25 dividend, which will be paid on Monday, March 31st. Stockholders of record on Friday, March 21st will be given a dividend of $0.19 per share. This represents a dividend yield of 6.45%. The ex-dividend date is Friday, March 21st. 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.