Zurcher Kantonalbank Zurich Cantonalbank Has $807,000 Stock Holdings in LTC Properties, Inc. (NYSE:LTC)

Zurcher Kantonalbank Zurich Cantonalbank lifted its holdings in LTC Properties, Inc. (NYSE:LTC - Free Report) by 52.7% in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 23,360 shares of the real estate investment trust's stock after buying an additional 8,064 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank owned about 0.05% of LTC Properties worth $807,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also modified their holdings of the company. AlphaQuest LLC lifted its stake in LTC Properties by 23,470.0% in the 4th 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 in the last quarter. GAMMA Investing LLC increased 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 purchasing an additional 638 shares during the period. PNC Financial Services Group Inc. lifted its position 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 purchasing an additional 565 shares in the last quarter. FMR LLC boosted its holdings 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 purchasing an additional 1,653 shares during the period. Finally, Mutual of America Capital Management LLC grew its position 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 purchasing an additional 314 shares in the last quarter. Hedge funds and other institutional investors own 69.25% of the company's stock.

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Analyst Ratings Changes

A number of equities research analysts have issued reports on the stock. Citizens Jmp upgraded shares of LTC Properties from a "hold" rating to a "strong-buy" rating in a research report on Tuesday, January 7th. JMP Securities raised shares of LTC Properties from a "market perform" rating to an "outperform" rating and set a $40.00 price target on the stock in a research note on Tuesday, January 7th. Finally, Wells Fargo & Company reduced their price objective 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.

LTC Properties Stock Down 0.8 %

LTC traded down $0.27 during midday trading on Tuesday, hitting $34.79. 216,480 shares of the company's stock traded hands, compared to its average volume of 275,692. 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 company has a market cap of $1.58 billion, a PE ratio of 14.93 and a beta of 0.96. The stock's fifty day simple moving average is $34.85 and its 200-day simple moving average is $36.01. LTC Properties, Inc. has a one year low of $31.14 and a one year high of $39.89.

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

LTC Properties Announces Dividend

The business also recently declared a jan 25 dividend, which will be paid on Monday, March 31st. Shareholders of record on Friday, March 21st will be given a $0.19 dividend. The ex-dividend date of this dividend is Friday, March 21st. This represents a dividend yield of 6.45%. LTC Properties's dividend 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.