Dimensional Fund Advisors LP Increases Stock Position in LTC Properties, Inc. (NYSE:LTC)

Dimensional Fund Advisors LP lifted its holdings in shares of LTC Properties, Inc. (NYSE:LTC - Free Report) by 2.9% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 642,325 shares of the real estate investment trust's stock after purchasing an additional 17,842 shares during the period. Dimensional Fund Advisors LP owned 1.42% of LTC Properties worth $22,192,000 as of its most recent filing with the SEC.

A number of other institutional investors have also recently made changes to their positions in the stock. Vanguard Group Inc. increased its position in shares of LTC Properties by 0.6% during 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 raised its stake in shares of LTC Properties by 3.7% in the fourth quarter. Geode Capital Management LLC now owns 1,166,601 shares of the real estate investment trust's stock valued at $40,314,000 after buying an additional 41,581 shares during the period. Bank of New York Mellon Corp boosted its position in 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. raised its holdings in LTC Properties by 9.0% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 822,724 shares of the real estate investment trust's stock valued at $28,425,000 after acquiring an additional 68,212 shares during the period. Finally, Strategic Financial Concepts LLC boosted its position in shares of LTC Properties by 3,358.4% in the fourth quarter. Strategic Financial Concepts LLC now owns 658,026 shares of the real estate investment trust's stock valued at $22,735,000 after acquiring an additional 638,999 shares during the period. Institutional investors own 69.25% of the company's stock.

LTC Properties Stock Down 0.7%

Shares of LTC stock traded down $0.24 during midday trading on Monday, reaching $35.66. 64,533 shares of the stock were exchanged, compared to its average volume of 306,411. LTC Properties, Inc. has a 1 year low of $31.70 and a 1 year high of $39.89. 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's 50 day moving average is $35.19 and its two-hundred day moving average is $35.68. The firm has a market cap of $1.64 billion, a PE ratio of 15.27 and a beta of 0.68.

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 return on equity of 10.49% and a net margin of 48.77%. The firm had revenue of $49.03 million during the quarter, compared to the consensus estimate of $44.43 million. During the same quarter in the prior year, the company posted $0.69 EPS. The company's quarterly revenue was down 4.5% on a year-over-year basis. On average, equities research analysts predict that LTC Properties, Inc. will post 2.79 EPS for the current year.

LTC Properties Dividend Announcement

The company also recently declared a monthly dividend, which will be paid on Monday, June 30th. Shareholders of record on Friday, June 20th will be paid a dividend of $0.19 per share. The ex-dividend date of this dividend is Friday, June 20th. This represents a $2.28 dividend on an annualized basis and a dividend yield of 6.39%. LTC Properties's dividend payout ratio is currently 117.53%.

Wall Street Analysts Forecast Growth

Separately, Wells Fargo & Company cut their target price on shares of 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.

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.