Bridgeway Capital Management LLC Takes Position in LTC Properties, Inc. (NYSE:LTC)

Bridgeway Capital Management LLC purchased a new position in LTC Properties, Inc. (NYSE:LTC - Free Report) in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 47,100 shares of the real estate investment trust's stock, valued at approximately $1,627,000. Bridgeway Capital Management LLC owned approximately 0.10% of LTC Properties as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors have also added to or reduced their stakes in the business. Vanguard Group Inc. boosted its holdings in LTC Properties by 0.6% in the fourth quarter. Vanguard Group Inc. now owns 6,960,934 shares of the real estate investment trust's stock worth $240,500,000 after acquiring an additional 39,470 shares in the last quarter. Geode Capital Management LLC lifted its holdings in shares of LTC Properties by 3.7% during the fourth quarter. Geode Capital Management LLC now owns 1,166,601 shares of the real estate investment trust's stock worth $40,314,000 after purchasing an additional 41,581 shares during the period. Bank of New York Mellon Corp lifted its holdings in shares of LTC Properties by 6.1% during the fourth quarter. Bank of New York Mellon Corp now owns 962,651 shares of the real estate investment trust's stock worth $33,260,000 after purchasing an additional 55,254 shares during the period. Charles Schwab Investment Management Inc. lifted its holdings in shares of LTC Properties by 9.0% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 822,724 shares of the real estate investment trust's stock worth $28,425,000 after purchasing an additional 68,212 shares during the period. Finally, Strategic Financial Concepts LLC lifted its holdings in shares of LTC Properties by 3,358.4% during the fourth quarter. Strategic Financial Concepts LLC now owns 658,026 shares of the real estate investment trust's stock worth $22,735,000 after purchasing an additional 638,999 shares during the period. Institutional investors and hedge funds own 69.25% of the company's stock.

LTC Properties Trading Down 0.1%

NYSE:LTC traded down $0.05 during trading hours on Tuesday, hitting $35.45. The company had a trading volume of 352,822 shares, compared to its average volume of 308,084. 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 company has a 50-day moving average of $35.18 and a 200 day moving average of $35.68. The company has a market cap of $1.63 billion, a P/E ratio of 15.21 and a beta of 0.68. LTC Properties, Inc. has a 1 year low of $31.70 and a 1 year high of $39.89.

LTC Properties (NYSE:LTC - Get Free Report) last issued its earnings results on Monday, May 5th. The real estate investment trust reported $0.65 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.66 by ($0.01). LTC Properties had a net margin of 48.77% and a return on equity of 10.49%. The company had revenue of $49.03 million during the quarter, compared to analysts' expectations of $44.43 million. During the same quarter in the previous year, the company earned $0.69 earnings per share. The firm's quarterly revenue was down 4.5% compared to the same quarter last year. Sell-side analysts expect that LTC Properties, Inc. will post 2.79 earnings per share for the current year.

LTC Properties Announces Dividend

The company also recently announced a monthly dividend, which will be paid on Monday, June 30th. Investors of record on Friday, June 20th will be paid a dividend of $0.19 per share. This represents a $2.28 annualized dividend and a yield of 6.43%. The ex-dividend date of this dividend is Friday, June 20th. LTC Properties's payout ratio is 117.53%.

Analyst Ratings Changes

Separately, Wells Fargo & Company decreased their target price on LTC Properties from $38.00 to $36.00 and set an "equal weight" rating for the company in a report on Monday, March 10th.

About LTC Properties

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.