LTC Properties, Inc. (NYSE:LTC) Shares Bought by Advisors Capital Management LLC

Advisors Capital Management LLC lifted its holdings in LTC Properties, Inc. (NYSE:LTC - Free Report) by 2.8% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 464,243 shares of the real estate investment trust's stock after buying an additional 12,763 shares during the quarter. Advisors Capital Management LLC owned 1.03% of LTC Properties worth $16,040,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently bought and sold shares of LTC. AlphaQuest LLC boosted its position in shares of LTC Properties by 23,470.0% during the 4th quarter. AlphaQuest LLC now owns 2,357 shares of the real estate investment trust's stock worth $81,000 after purchasing an additional 2,347 shares in the last quarter. GAMMA Investing LLC boosted its holdings in LTC Properties by 35.3% during the fourth quarter. GAMMA Investing LLC now owns 2,443 shares of the real estate investment trust's stock worth $84,000 after buying an additional 638 shares in the last quarter. PNC Financial Services Group Inc. grew its position in LTC Properties by 28.5% during the fourth 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 during the period. FMR LLC increased its holdings in LTC Properties by 132.7% in the third quarter. FMR LLC now owns 2,899 shares of the real estate investment trust's stock valued at $106,000 after buying an additional 1,653 shares in the last quarter. Finally, Mutual of America Capital Management LLC lifted its position in shares of LTC Properties by 4.8% during the 4th 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 acquiring an additional 314 shares during the period. Institutional investors and hedge funds own 69.25% of the company's stock.

LTC Properties Price Performance

NYSE:LTC traded up $0.43 during trading hours on Friday, reaching $35.72. 289,306 shares of the company traded hands, compared to its average volume of 302,757. The company has a debt-to-equity ratio of 0.75, a current ratio of 11.60 and a quick ratio of 11.60. The firm's 50-day moving average is $34.89 and its 200-day moving average is $35.71. 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, Inc. has a 1-year low of $31.24 and a 1-year high of $39.89.

LTC Properties (NYSE:LTC - Get Free Report) last posted its quarterly earnings data 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 firm had revenue of $34.81 million during the quarter, compared to analysts' expectations of $45.25 million. LTC Properties had a return on equity of 10.49% and a net margin of 48.77%. Equities research analysts expect that LTC Properties, Inc. will post 2.79 earnings per share for the current fiscal year.

LTC Properties Dividend Announcement

The company also recently announced a monthly dividend, which will be paid on Monday, June 30th. Investors of record on Friday, June 20th will be given 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 yield of 6.38%. LTC Properties's dividend payout ratio (DPR) is currently 111.22%.

Analysts Set New Price Targets

LTC has been the subject of several research analyst reports. Citizens Jmp raised LTC Properties from a "hold" rating to a "strong-buy" rating in a research note on Tuesday, January 7th. Wells Fargo & Company dropped their price target on LTC Properties from $38.00 to $36.00 and set an "equal weight" rating for the company in a research report on Monday, March 10th. Finally, JMP Securities raised LTC Properties from a "market perform" rating to an "outperform" rating and set a $40.00 price target for the company in a research note on Tuesday, January 7th.

LTC Properties Company 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.