New Age Alpha Advisors LLC Makes New Investment in LTC Properties, Inc. (NYSE:LTC)

New Age Alpha Advisors LLC purchased a new stake in LTC Properties, Inc. (NYSE:LTC - Free Report) in the fourth quarter, according to its most recent filing with the SEC. The fund purchased 25,971 shares of the real estate investment trust's stock, valued at approximately $897,000. New Age Alpha Advisors LLC owned about 0.06% of LTC Properties at the end of the most recent quarter.

Other institutional investors and hedge funds have also made changes to their positions in the company. AlphaQuest LLC increased its stake in LTC Properties by 23,470.0% during the fourth quarter. AlphaQuest LLC now owns 2,357 shares of the real estate investment trust's stock valued at $81,000 after purchasing an additional 2,347 shares during the last quarter. GAMMA Investing LLC boosted its holdings in shares of LTC Properties by 35.3% in the 4th quarter. GAMMA Investing LLC now owns 2,443 shares of the real estate investment trust's stock valued at $84,000 after buying an additional 638 shares during the period. PNC Financial Services Group Inc. grew its position in shares of LTC Properties by 28.5% during the 4th quarter. PNC Financial Services Group Inc. now owns 2,546 shares of the real estate investment trust's stock valued at $88,000 after buying an additional 565 shares during the last quarter. FMR LLC raised its stake in LTC Properties by 132.7% during the third quarter. FMR LLC now owns 2,899 shares of the real estate investment trust's stock worth $106,000 after acquiring an additional 1,653 shares during the period. Finally, Mutual of America Capital Management LLC lifted its holdings in LTC Properties by 4.8% in 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 acquiring an additional 314 shares during the last quarter. 69.25% of the stock is owned by institutional investors and hedge funds.

LTC Properties Stock Performance

Shares of LTC traded down $0.77 during mid-day trading on Friday, reaching $34.64. 481,184 shares of the company's stock traded hands, compared to its average volume of 298,976. LTC Properties, Inc. has a 12 month low of $31.14 and a 12 month high of $39.89. The stock has a market capitalization of $1.57 billion, a P/E ratio of 14.86 and a beta of 0.96. The business's 50-day moving average price is $34.94 and its 200-day moving average price is $35.91. The company has a debt-to-equity ratio of 0.75, a quick ratio of 11.60 and a current 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 return on equity of 10.49% and a net margin of 48.77%. The firm had revenue of $34.81 million for the quarter, compared to the consensus estimate of $45.25 million. Equities analysts predict that LTC Properties, Inc. will post 2.79 earnings per share for the current year.

LTC Properties Announces Dividend

The business also recently announced 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 is Friday, June 20th. This represents a $2.28 annualized dividend and a yield of 6.58%. LTC Properties's payout ratio is 111.22%.

Analyst Ratings Changes

Several research firms have recently commented on LTC. Wells Fargo & Company lowered their target price 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. JMP Securities upgraded LTC Properties from a "market perform" rating to an "outperform" rating and set a $40.00 price objective for the company in a research note on Tuesday, January 7th. Finally, Citizens Jmp upgraded LTC Properties from a "hold" rating to a "strong-buy" rating in a research note on Tuesday, January 7th.

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.