47,100 Shares in LTC Properties, Inc. (NYSE:LTC) Purchased by Bridgeway Capital Management LLC

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

A number of other hedge funds and other institutional investors also recently made changes to their positions in the stock. Mutual of America Capital Management LLC raised its holdings in LTC Properties by 4.8% during the 4th quarter. Mutual of America Capital Management LLC now owns 6,856 shares of the real estate investment trust's stock worth $237,000 after purchasing an additional 314 shares during the last quarter. Amalgamated Bank raised its stake in LTC Properties by 2.5% during the fourth quarter. Amalgamated Bank now owns 13,135 shares of the real estate investment trust's stock worth $454,000 after buying an additional 315 shares during the last quarter. Summit Investment Advisors Inc. lifted its holdings in LTC Properties by 7.5% in the fourth quarter. Summit Investment Advisors Inc. now owns 4,678 shares of the real estate investment trust's stock valued at $162,000 after buying an additional 327 shares during the period. Bridge City Capital LLC boosted its position in LTC Properties by 0.9% during the fourth quarter. Bridge City Capital LLC now owns 44,481 shares of the real estate investment trust's stock valued at $1,537,000 after acquiring an additional 391 shares during the last quarter. Finally, BNP Paribas Financial Markets grew its holdings in LTC Properties by 4.1% during the 4th quarter. BNP Paribas Financial Markets now owns 9,906 shares of the real estate investment trust's stock worth $342,000 after acquiring an additional 392 shares during the period. 69.25% of the stock is owned by institutional investors and hedge funds.

LTC Properties Stock Up 1.0%

Shares of LTC Properties stock traded up $0.35 during trading on Thursday, reaching $35.39. 124,634 shares of the company traded hands, compared to its average volume of 307,823. The firm has a market capitalization of $1.63 billion, a PE ratio of 15.19 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. The company has a 50 day moving average price of $35.16 and a 200-day moving average price of $35.67. The company has a debt-to-equity ratio of 0.75, a current ratio of 11.60 and a quick ratio of 11.60.

LTC Properties (NYSE:LTC - Get Free Report) last issued its earnings results on Monday, May 5th. The real estate investment trust reported $0.65 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 firm had revenue of $49.03 million during the quarter, compared to analyst estimates of $44.43 million. During the same quarter in the prior year, the business earned $0.69 earnings per share. The business's quarterly revenue was down 4.5% on a year-over-year basis. As a group, equities research analysts expect that LTC Properties, Inc. will post 2.79 earnings per share for the current fiscal year.

LTC Properties Announces Dividend

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 dividend of $0.19 per share. The ex-dividend date is Friday, June 20th. This represents a $2.28 annualized dividend and a dividend yield of 6.44%. LTC Properties's dividend payout ratio is 117.53%.

Analysts Set New Price Targets

Separately, Wells Fargo & Company dropped their price objective on 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.

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.