Aurora Private Wealth Inc. Invests $1.02 Million in LTC Properties, Inc. (NYSE:LTC)

Aurora Private Wealth Inc. acquired a new position in shares of LTC Properties, Inc. (NYSE:LTC - Free Report) during the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor acquired 28,821 shares of the real estate investment trust's stock, valued at approximately $1,022,000. Aurora Private Wealth Inc. owned 0.06% of LTC Properties at the end of the most recent quarter.

A number of other large investors have also modified their holdings of the stock. Keudell Morrison Wealth Management increased its position in shares of LTC Properties by 0.9% during the first quarter. Keudell Morrison Wealth Management now owns 36,693 shares of the real estate investment trust's stock worth $1,301,000 after acquiring an additional 328 shares during the period. Asset Management One Co. Ltd. increased its position in shares of LTC Properties by 7.5% during the first quarter. Asset Management One Co. Ltd. now owns 124,312 shares of the real estate investment trust's stock worth $4,407,000 after acquiring an additional 8,651 shares during the period. Cambridge Investment Research Advisors Inc. purchased a new stake in shares of LTC Properties during the first quarter worth $200,000. QRG Capital Management Inc. increased its position in shares of LTC Properties by 15.9% during the first quarter. QRG Capital Management Inc. now owns 8,571 shares of the real estate investment trust's stock worth $304,000 after acquiring an additional 1,177 shares during the period. Finally, Exchange Traded Concepts LLC increased its holdings in LTC Properties by 4.4% in the first quarter. Exchange Traded Concepts LLC now owns 50,552 shares of the real estate investment trust's stock valued at $1,792,000 after buying an additional 2,122 shares during the last quarter. Hedge funds and other institutional investors own 69.25% of the company's stock.

LTC Properties Stock Down 0.8%

LTC Properties stock traded down $0.27 during midday trading on Friday, reaching $34.55. The company's stock had a trading volume of 458,108 shares, compared to its average volume of 315,848. LTC Properties, Inc. has a fifty-two week low of $31.70 and a fifty-two week high of $39.89. 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 company has a market cap of $1.59 billion, a P/E ratio of 17.81 and a beta of 0.66. The business has a 50-day simple moving average of $35.35 and a 200-day simple moving average of $34.97.

LTC Properties (NYSE:LTC - Get Free Report) last posted its earnings results on Monday, May 5th. The real estate investment trust reported $0.65 EPS for the quarter, missing analysts' consensus estimates of $0.66 by ($0.01). LTC Properties had a return on equity of 8.48% and a net margin of 42.16%. The firm had revenue of $49.03 million for the quarter, compared to analyst estimates of $44.43 million. During the same quarter last year, the firm posted $0.69 EPS. The firm's revenue for the quarter was down 4.5% on a year-over-year basis. On average, research analysts expect that LTC Properties, Inc. will post 2.79 earnings per share for the current fiscal year.

LTC Properties Dividend Announcement

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

Wall Street Analysts Forecast Growth

LTC has been the topic of a number of analyst reports. Wells Fargo & Company cut their price target 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. Royal Bank Of Canada restated a "sector perform" rating and issued a $36.00 price target on shares of LTC Properties in a research note on Monday, May 19th. Two equities research analysts have rated the stock with a hold rating, two have assigned a buy rating and one has issued a strong buy rating to the company. According to MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and an average price target of $38.00.

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.