Syon Capital LLC Makes New Investment in LTC Properties, Inc. (NYSE:LTC)

Syon Capital LLC bought a new position in LTC Properties, Inc. (NYSE:LTC - Free Report) in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund bought 9,096 shares of the real estate investment trust's stock, valued at approximately $314,000.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Price T Rowe Associates Inc. MD lifted its holdings in shares of LTC Properties by 20.9% during the fourth quarter. Price T Rowe Associates Inc. MD now owns 21,566 shares of the real estate investment trust's stock worth $746,000 after buying an additional 3,734 shares during the last quarter. Hsbc Holdings PLC lifted its holdings in shares of LTC Properties by 19.5% during the fourth quarter. Hsbc Holdings PLC now owns 37,704 shares of the real estate investment trust's stock worth $1,302,000 after buying an additional 6,147 shares during the last quarter. Tower Research Capital LLC TRC lifted its holdings in shares of LTC Properties by 26.4% during the fourth quarter. Tower Research Capital LLC TRC now owns 10,275 shares of the real estate investment trust's stock worth $355,000 after buying an additional 2,147 shares during the last quarter. MetLife Investment Management LLC lifted its holdings in shares of LTC Properties by 5.5% during the fourth quarter. MetLife Investment Management LLC now owns 27,557 shares of the real estate investment trust's stock worth $952,000 after buying an additional 1,442 shares during the last quarter. Finally, Dimensional Fund Advisors LP lifted its holdings in shares of LTC Properties by 2.9% during the fourth quarter. Dimensional Fund Advisors LP now owns 642,325 shares of the real estate investment trust's stock worth $22,192,000 after buying an additional 17,842 shares during the last quarter. 69.25% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of research analysts have recently commented on the company. JMP Securities upgraded LTC Properties from a "market perform" rating to an "outperform" rating and set a $40.00 price target for the company in a report on Tuesday, January 7th. Citizens Jmp upgraded LTC Properties from a "hold" rating to a "strong-buy" rating in a research report on Tuesday, January 7th. Finally, Wells Fargo & Company lowered their price objective on LTC Properties from $38.00 to $36.00 and set an "equal weight" rating on the stock in a research report on Monday, March 10th.

LTC Properties Price Performance

NYSE:LTC traded down $0.15 during trading hours on Thursday, reaching $35.72. The company had a trading volume of 66,570 shares, compared to its average volume of 303,071. The stock has a 50-day moving average of $35.11 and a two-hundred day moving average of $35.70. LTC Properties, Inc. has a one year low of $31.70 and a one year high of $39.89. The firm has a market capitalization of $1.64 billion, a PE ratio of 15.32 and a beta of 0.74. The company has a quick ratio of 11.60, a current ratio of 11.60 and a debt-to-equity ratio of 0.75.

LTC Properties (NYSE:LTC - Get Free Report) last announced 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. 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 analysts' expectations of $45.25 million. Analysts forecast 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 $0.19 dividend. This represents a $2.28 dividend on an annualized basis and a dividend yield of 6.38%. 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.