Vanguard Group Inc. Purchases 39,470 Shares of LTC Properties, Inc. (NYSE:LTC)

Vanguard Group Inc. lifted its position in shares of LTC Properties, Inc. (NYSE:LTC - Free Report) by 0.6% during the fourth quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 6,960,934 shares of the real estate investment trust's stock after buying an additional 39,470 shares during the quarter. Vanguard Group Inc. owned approximately 15.38% of LTC Properties worth $240,500,000 at the end of the most recent quarter.

Several other hedge funds also recently bought and sold shares of LTC. AlphaQuest LLC boosted its stake in shares of LTC Properties by 23,470.0% in the fourth quarter. AlphaQuest LLC now owns 2,357 shares of the real estate investment trust's stock worth $81,000 after acquiring an additional 2,347 shares during the period. GAMMA Investing LLC raised its position in shares of 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 valued at $84,000 after buying an additional 638 shares during the last quarter. PNC Financial Services Group Inc. lifted its holdings in shares of LTC Properties by 28.5% in 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 in the last quarter. FMR LLC boosted its position in shares of 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 last quarter. Finally, 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 valued at $237,000 after acquiring an additional 314 shares in the last quarter. Institutional investors own 69.25% of the company's stock.

LTC Properties Price Performance

Shares of LTC Properties stock traded down $0.18 during trading hours on Thursday, reaching $33.68. The company's stock had a trading volume of 321,738 shares, compared to its average volume of 300,947. The firm has a 50 day moving average price of $34.82 and a 200-day moving average price of $35.76. 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 stock has a market cap of $1.53 billion, a P/E ratio of 14.45 and a beta of 0.74. LTC Properties, Inc. has a one year low of $31.24 and a one year high of $39.89.

LTC Properties (NYSE:LTC - Get Free Report) last issued its quarterly earnings data on Monday, February 24th. The real estate investment trust reported $0.72 earnings per share for the quarter, topping 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 company had revenue of $34.81 million for the quarter, compared to analysts' expectations of $45.25 million. On average, analysts predict that LTC Properties, Inc. will post 2.79 EPS for the current year.

LTC Properties Announces Dividend

The business also recently declared a monthly dividend, which will be paid on Monday, June 30th. Investors of record on Friday, June 20th will be issued a dividend of $0.19 per share. The ex-dividend date of this dividend is Friday, June 20th. This represents a $2.28 annualized dividend and a yield of 6.77%. LTC Properties's payout ratio is presently 111.22%.

Analyst Ratings Changes

Several analysts have commented on LTC shares. Wells Fargo & Company decreased their price target on shares of LTC Properties from $38.00 to $36.00 and set an "equal weight" rating on the stock in a research note on Monday, March 10th. 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. Finally, Citizens Jmp upgraded LTC Properties from a "hold" rating to a "strong-buy" rating in a report 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.