Barclays PLC Has $2.77 Million Stock Position in LTC Properties, Inc. (NYSE:LTC)

Barclays PLC cut its stake in LTC Properties, Inc. (NYSE:LTC - Free Report) by 8.9% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 80,107 shares of the real estate investment trust's stock after selling 7,865 shares during the period. Barclays PLC owned approximately 0.18% of LTC Properties worth $2,768,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently bought and sold shares of LTC. Summit Investment Advisors Inc. grew its position in LTC Properties by 7.5% during the fourth quarter. Summit Investment Advisors Inc. now owns 4,678 shares of the real estate investment trust's stock worth $162,000 after buying an additional 327 shares in the last quarter. Advisors Capital Management LLC increased its position in shares of LTC Properties by 2.8% during the fourth quarter. Advisors Capital Management LLC now owns 464,243 shares of the real estate investment trust's stock valued at $16,040,000 after purchasing an additional 12,763 shares during the period. Sterling Capital Management LLC increased its position in shares of LTC Properties by 10.1% during the fourth quarter. Sterling Capital Management LLC now owns 13,769 shares of the real estate investment trust's stock valued at $476,000 after purchasing an additional 1,261 shares during the period. Raymond James Financial Inc. acquired a new position in shares of LTC Properties in the fourth quarter valued at $464,000. Finally, Martingale Asset Management L P acquired a new position in shares of LTC Properties in the 4th quarter valued at $1,182,000. 69.25% of the stock is currently owned by institutional investors and hedge funds.

LTC Properties Price Performance

Shares of LTC Properties stock traded down $0.44 during midday trading on Friday, reaching $35.27. The company had a trading volume of 403,229 shares, compared to its average volume of 303,230. The company has a current ratio of 11.60, a quick ratio of 11.60 and a debt-to-equity ratio of 0.75. The stock has a fifty day simple moving average of $35.14 and a 200 day simple moving average of $35.69. LTC Properties, Inc. has a 1-year low of $31.70 and a 1-year high of $39.89. The company has a market capitalization of $1.62 billion, a price-to-earnings ratio of 15.14 and a beta of 0.74.

LTC Properties (NYSE:LTC - Get Free Report) last announced its quarterly earnings data on Monday, February 24th. The real estate investment trust reported $0.72 EPS for the quarter, topping analysts' consensus estimates of $0.65 by $0.07. The firm had revenue of $34.81 million during the quarter, compared to analyst estimates of $45.25 million. LTC Properties had a return on equity of 10.49% and a net margin of 48.77%. As a group, equities research 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 issued a dividend of $0.19 per share. This represents a $2.28 dividend on an annualized basis and a yield of 6.46%. The ex-dividend date of this dividend is Friday, June 20th. LTC Properties's dividend payout ratio (DPR) is currently 111.22%.

Analysts Set New Price Targets

A number of research firms recently weighed in on LTC. Wells Fargo & Company lowered their target price 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. Citizens Jmp raised LTC Properties from a "hold" rating to a "strong-buy" rating in a report on Tuesday, January 7th. Finally, JMP Securities raised 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.

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.