UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC raised its position in shares of LTC Properties, Inc. (NYSE:LTC - Free Report) by 312.3% in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 332,173 shares of the real estate investment trust's stock after buying an additional 251,609 shares during the quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC owned about 0.73% of LTC Properties worth $12,187,000 at the end of the most recent quarter.
A number of other hedge funds have also recently modified their holdings of the business. Cetera Advisors LLC purchased a new position in shares of LTC Properties during the first quarter valued at approximately $276,000. GAMMA Investing LLC grew its stake in shares of LTC Properties by 91.4% in the second quarter. GAMMA Investing LLC now owns 1,439 shares of the real estate investment trust's stock worth $50,000 after acquiring an additional 687 shares during the last quarter. QRG Capital Management Inc. increased its holdings in shares of LTC Properties by 8.6% during the second quarter. QRG Capital Management Inc. now owns 6,931 shares of the real estate investment trust's stock valued at $239,000 after acquiring an additional 548 shares in the last quarter. SG Americas Securities LLC raised its position in shares of LTC Properties by 153.8% in the 2nd quarter. SG Americas Securities LLC now owns 12,497 shares of the real estate investment trust's stock worth $431,000 after purchasing an additional 7,574 shares during the last quarter. Finally, Sumitomo Mitsui Trust Holdings Inc. boosted its stake in LTC Properties by 2.9% in the 2nd quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 47,897 shares of the real estate investment trust's stock worth $1,652,000 after purchasing an additional 1,331 shares in the last quarter. Institutional investors own 69.25% of the company's stock.
LTC Properties Stock Performance
NYSE:LTC traded down $0.19 during mid-day trading on Friday, reaching $37.73. The company's stock had a trading volume of 164,250 shares, compared to its average volume of 268,353. 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 firm's fifty day moving average price is $37.36 and its two-hundred day moving average price is $36.19. The stock has a market cap of $1.71 billion, a P/E ratio of 16.19 and a beta of 0.91. LTC Properties, Inc. has a 12-month low of $30.30 and a 12-month high of $39.89.
LTC Properties (NYSE:LTC - Get Free Report) last released its earnings results on Monday, October 28th. The real estate investment trust reported $0.66 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.71 by ($0.05). LTC Properties had a return on equity of 10.49% and a net margin of 48.77%. The firm had revenue of $55.78 million during the quarter, compared to the consensus estimate of $35.45 million. During the same quarter last year, the business posted $0.65 EPS. LTC Properties's revenue was up 13.1% compared to the same quarter last year. On average, equities analysts forecast that LTC Properties, Inc. will post 2.79 EPS for the current fiscal year.
LTC Properties Announces Dividend
The firm also recently declared a monthly dividend, which will be paid on Tuesday, December 31st. Stockholders of record on Monday, December 23rd will be issued a $0.19 dividend. The ex-dividend date of this dividend is Monday, December 23rd. This represents a $2.28 annualized dividend and a dividend yield of 6.04%. LTC Properties's payout ratio is 97.85%.
Wall Street Analysts Forecast Growth
LTC has been the subject of a number of analyst reports. Wedbush restated an "outperform" rating and set a $40.00 price objective on shares of LTC Properties in a research note on Friday, September 20th. Wells Fargo & Company reissued an "equal weight" rating and set a $37.00 price target (up previously from $36.00) on shares of LTC Properties in a research report on Tuesday, October 1st.
Check Out Our Latest Stock Analysis on LTC Properties
Insider Buying and Selling
In other LTC Properties news, insider Clint B. Malin sold 6,000 shares of the business's stock in a transaction dated Thursday, November 7th. The shares were sold at an average price of $38.75, for a total value of $232,500.00. Following the completion of the sale, the insider now directly owns 158,585 shares of the company's stock, valued at $6,145,168.75. The trade was a 3.65 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. 2.00% of the stock is owned by corporate insiders.
LTC Properties Company Profile
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Free Report)
LTC is a real estate investment trust (REIT) investing in seniors housing and health care properties primarily through sale-leasebacks, mortgage financing, joint-ventures and structured finance solutions including preferred equity and mezzanine lending. LTC's investment portfolio includes 201 properties in 26 states with 29 operating partners.
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