34,211 Shares in LTC Properties, Inc. (NYSE:LTC) Bought by Martingale Asset Management L P

Martingale Asset Management L P purchased a new position in LTC Properties, Inc. (NYSE:LTC - Free Report) during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm purchased 34,211 shares of the real estate investment trust's stock, valued at approximately $1,182,000. Martingale Asset Management L P owned 0.08% of LTC Properties at the end of the most recent reporting period.

Several other large investors also recently added to or reduced their stakes in LTC. AlphaQuest LLC boosted its holdings 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 valued at $81,000 after purchasing an additional 2,347 shares during the period. GAMMA Investing LLC grew its position in shares of LTC Properties by 35.3% during the 4th 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. increased its stake in shares of 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 valued at $88,000 after buying an additional 565 shares during the period. FMR LLC increased its stake 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 valued at $106,000 after buying an additional 1,653 shares during the period. Finally, Mutual of America Capital Management LLC lifted its stake 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 period. 69.25% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

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

LTC Properties Stock Up 0.7 %

NYSE LTC traded up $0.26 during trading on Thursday, hitting $35.55. The company's stock had a trading volume of 80,146 shares, compared to its average volume of 300,994. LTC Properties, Inc. has a fifty-two week low of $31.24 and a fifty-two week high of $39.89. The company has a market cap of $1.63 billion, a PE ratio of 15.27 and a beta of 0.74. 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 business's 50 day simple moving average is $34.86 and its 200-day simple moving average is $35.72.

LTC Properties (NYSE:LTC - Get Free Report) last issued its quarterly earnings results on Monday, February 24th. The real estate investment trust reported $0.72 earnings per share (EPS) 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 analyst estimates of $45.25 million. LTC Properties had a net margin of 48.77% and a return on equity of 10.49%. On average, equities analysts anticipate that LTC Properties, Inc. will post 2.79 EPS for the current fiscal year.

LTC Properties Dividend Announcement

The company also recently disclosed a monthly dividend, which will be paid on Monday, June 30th. Stockholders of record on Friday, June 20th will be issued a $0.19 dividend. This represents a $2.28 dividend on an annualized basis and a dividend yield of 6.41%. The ex-dividend date of this dividend is Friday, June 20th. LTC Properties's dividend payout ratio is presently 111.22%.

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.