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

Aurora Private Wealth Inc. bought a new stake in LTC Properties, Inc. (NYSE:LTC - Free Report) in the 1st quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor bought 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 added to or reduced their stakes in the company. Vanguard Group Inc. lifted its holdings in LTC Properties by 0.6% in the 4th quarter. Vanguard Group Inc. now owns 6,960,934 shares of the real estate investment trust's stock worth $240,500,000 after buying an additional 39,470 shares in the last quarter. Geode Capital Management LLC increased its position 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 acquiring an additional 41,581 shares during the last quarter. Bank of New York Mellon Corp lifted its stake 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 worth $33,260,000 after acquiring an additional 55,254 shares in the last quarter. Charles Schwab Investment Management Inc. boosted its holdings in LTC Properties by 9.0% in the fourth 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 purchasing an additional 68,212 shares during the last quarter. Finally, MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its stake in LTC Properties by 3.1% during the 4th quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 646,592 shares of the real estate investment trust's stock valued at $22,340,000 after purchasing an additional 19,486 shares in the last quarter. 69.25% of the stock is owned by institutional investors and hedge funds.

LTC Properties Stock Performance

NYSE:LTC traded down $0.27 during trading hours on Friday, reaching $34.55. 458,108 shares of the stock were exchanged, compared to its average volume of 317,749. The stock has a market capitalization of $1.59 billion, a P/E ratio of 17.81 and a beta of 0.66. The firm has a 50 day simple moving average of $35.35 and a 200-day simple moving average of $35.00. The company has a quick ratio of 10.55, a current ratio of 10.55 and a debt-to-equity ratio of 0.65. LTC Properties, Inc. has a 52 week low of $31.70 and a 52 week high of $39.89.

LTC Properties (NYSE:LTC - Get Free Report) last posted its quarterly 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). The firm had revenue of $49.03 million for the quarter, compared to analyst estimates of $44.43 million. LTC Properties had a net margin of 42.16% and a return on equity of 8.48%. The business's revenue was down 4.5% on a year-over-year basis. During the same period in the prior year, the company posted $0.69 earnings per share. As a group, sell-side analysts forecast that LTC Properties, Inc. will post 2.79 earnings per share for the current fiscal year.

LTC Properties Dividend Announcement

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

Analyst Ratings Changes

Several research firms have recently commented on LTC. Royal Bank Of Canada reiterated a "sector perform" rating and set a $36.00 target price on shares of LTC Properties in a research note on Monday, May 19th. Wells Fargo & Company reduced their price objective on shares of 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. Two research analysts have rated the stock with a hold rating, two have issued a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat, the stock presently has an average rating of "Moderate Buy" and an average target price 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.