Charles Schwab Investment Management Inc. Raises Stake in LTC Properties, Inc. (NYSE:LTC)

Charles Schwab Investment Management Inc. lifted its holdings in LTC Properties, Inc. (NYSE:LTC - Free Report) by 9.0% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The firm owned 822,724 shares of the real estate investment trust's stock after purchasing an additional 68,212 shares during the period. Charles Schwab Investment Management Inc. owned 1.82% of LTC Properties worth $28,425,000 as of its most recent filing with the SEC.

A number of other large investors also recently modified their holdings of the business. Mutual of America Capital Management LLC grew its stake 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 worth $237,000 after buying an additional 314 shares during the last quarter. Oregon Public Employees Retirement Fund increased its stake in shares of LTC Properties by 3.9% in the 4th quarter. Oregon Public Employees Retirement Fund now owns 10,638 shares of the real estate investment trust's stock valued at $368,000 after acquiring an additional 400 shares during the last quarter. Illinois Municipal Retirement Fund boosted its position in shares of LTC Properties by 5.9% during the fourth quarter. Illinois Municipal Retirement Fund now owns 23,485 shares of the real estate investment trust's stock worth $811,000 after purchasing an additional 1,301 shares in the last quarter. Los Angeles Capital Management LLC bought a new position in LTC Properties during the fourth quarter worth about $250,000. Finally, Amalgamated Bank grew its position in shares of LTC Properties by 2.5% in the 4th quarter. Amalgamated Bank now owns 13,135 shares of the real estate investment trust's stock valued at $454,000 after purchasing an additional 315 shares during the period. 69.25% of the stock is currently owned by institutional investors and hedge funds.

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Analyst Ratings Changes

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

LTC Properties Stock Down 0.9 %

Shares of NYSE LTC traded down $0.32 during trading on Friday, hitting $34.54. 273,022 shares of the company traded hands, compared to its average volume of 275,872. The business's fifty day moving average is $34.80 and its 200 day moving average is $36.05. LTC Properties, Inc. has a fifty-two week low of $31.14 and a fifty-two week high of $39.89. 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 firm has a market capitalization of $1.57 billion, a price-to-earnings ratio of 14.82 and a beta of 0.96.

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

LTC Properties Dividend Announcement

The company also recently disclosed a jan 25 dividend, which will be paid on Monday, March 31st. Stockholders of record on Friday, March 21st will be issued a $0.19 dividend. This represents a dividend yield of 6.45%. The ex-dividend date of this dividend is Friday, March 21st. LTC Properties's payout ratio is currently 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.