Asset Management One Co. Ltd. Grows Stake in LTC Properties, Inc. (NYSE:LTC)

Asset Management One Co. Ltd. boosted its position in shares of LTC Properties, Inc. (NYSE:LTC - Free Report) by 7.5% during the first quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 124,312 shares of the real estate investment trust's stock after purchasing an additional 8,651 shares during the quarter. Asset Management One Co. Ltd. owned approximately 0.27% of LTC Properties worth $4,407,000 at the end of the most recent reporting period.

Other large investors also recently bought and sold shares of the company. Los Angeles Capital Management LLC purchased a new stake in shares of LTC Properties in the 4th quarter worth about $250,000. Bank of New York Mellon Corp lifted its holdings in shares of LTC Properties by 6.1% in the fourth quarter. Bank of New York Mellon Corp now owns 962,651 shares of the real estate investment trust's stock valued at $33,260,000 after purchasing an additional 55,254 shares in the last quarter. Tidal Investments LLC acquired a new stake in shares of LTC Properties in the fourth quarter valued at approximately $294,000. Principal Financial Group Inc. grew its position in shares of LTC Properties by 7.6% in the fourth quarter. Principal Financial Group Inc. now owns 246,663 shares of the real estate investment trust's stock valued at $8,522,000 after purchasing an additional 17,487 shares during the last quarter. Finally, Raymond James Financial Inc. purchased a new position in shares of LTC Properties during the 4th quarter worth approximately $464,000. Institutional investors and hedge funds own 69.25% of the company's stock.

LTC Properties Trading Down 0.8%

Shares of LTC Properties stock opened at $34.55 on Monday. LTC Properties, Inc. has a fifty-two week low of $31.70 and a fifty-two week high of $39.89. The business's fifty day moving average is $35.35 and its two-hundred day moving average is $34.97. The company has a quick ratio of 10.55, a current ratio of 10.55 and a debt-to-equity ratio of 0.65. The firm has a market cap of $1.59 billion, a PE ratio of 17.81 and a beta of 0.66.

LTC Properties (NYSE:LTC - Get Free Report) last released 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 42.16% and a return on equity of 8.48%. The business had revenue of $49.03 million during the quarter, compared to analyst estimates of $44.43 million. During the same quarter in the previous year, the company posted $0.69 earnings per share. The business's revenue for the quarter was down 4.5% compared to the same quarter last year. Analysts anticipate that LTC Properties, Inc. will post 2.79 earnings per share for the current year.

LTC Properties Announces Dividend

The business also recently disclosed a dividend, which was paid on Friday, May 30th. Stockholders of record on Friday, May 23rd were issued a dividend of $0.19 per share. The ex-dividend date of this dividend was Thursday, May 22nd. This represents a dividend yield of 6.31%. LTC Properties's payout ratio is currently 117.53%.

Analyst Upgrades and Downgrades

A number of equities research analysts recently issued reports on the company. Royal Bank Of Canada reaffirmed a "sector perform" rating and issued a $36.00 target price on shares of LTC Properties in a research note on Monday, May 19th. Wells Fargo & Company reduced 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 report on Monday, March 10th. Two equities research analysts have rated the stock with a hold rating, two have assigned a buy rating and one has given a strong buy rating to the company's stock. Based on data from MarketBeat.com, LTC Properties has a consensus rating of "Moderate Buy" and a consensus price target of $38.00.

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.

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