28,821 Shares in LTC Properties, Inc. (NYSE:LTC) Acquired by Aurora Private Wealth Inc.

Aurora Private Wealth Inc. acquired a new stake in LTC Properties, Inc. (NYSE:LTC - Free Report) in the first quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm 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.

Other institutional investors and hedge funds have also bought and sold shares of the company. Mutual of America Capital Management LLC raised its stake in shares of LTC Properties by 4.8% during the fourth quarter. Mutual of America Capital Management LLC now owns 6,856 shares of the real estate investment trust's stock worth $237,000 after acquiring an additional 314 shares in the last quarter. Summit Investment Advisors Inc. boosted its stake in LTC Properties by 7.5% during the fourth quarter. Summit Investment Advisors Inc. now owns 4,678 shares of the real estate investment trust's stock worth $162,000 after acquiring an additional 327 shares in the last quarter. Keudell Morrison Wealth Management lifted its stake in shares of LTC Properties by 0.9% in 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 buying an additional 328 shares in the last quarter. Bridge City Capital LLC lifted its stake in shares of LTC Properties by 0.9% in the fourth quarter. Bridge City Capital LLC now owns 44,481 shares of the real estate investment trust's stock worth $1,537,000 after buying an additional 391 shares in the last quarter. Finally, BNP Paribas Financial Markets lifted its stake in shares of LTC Properties by 4.1% in the fourth quarter. BNP Paribas Financial Markets now owns 9,906 shares of the real estate investment trust's stock worth $342,000 after buying an additional 392 shares in the last quarter. 69.25% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of brokerages have commented on LTC. Wedbush raised shares of LTC Properties to a "strong-buy" rating in a report on Wednesday. Royal Bank Of Canada reiterated a "sector perform" rating and issued a $36.00 price target on shares of LTC Properties in a report on Monday, May 19th. Finally, Wells Fargo & Company dropped their price objective on shares of LTC Properties from $38.00 to $36.00 and set an "equal weight" rating for the company in a research note on Monday, March 10th. Two research analysts have rated the stock with a hold rating, one has issued a buy rating and two have issued a strong buy rating to the company's stock. According to data from MarketBeat, the stock presently has a consensus rating of "Buy" and an average target price of $38.00.

Insider Activity

In related news, EVP David M. Boitano acquired 6,000 shares of LTC Properties stock in a transaction on Friday, June 27th. The stock was bought at an average cost of $34.71 per share, for a total transaction of $208,260.00. Following the completion of the transaction, the executive vice president owned 15,626 shares of the company's stock, valued at approximately $542,378.46. The trade was a 62.33% increase in their position. The acquisition was disclosed in a legal filing with the SEC, which is available through this link. 2.10% of the stock is currently owned by insiders.

LTC Properties Trading Down 0.1%

LTC traded down $0.05 on Friday, reaching $35.15. 167,208 shares of the company traded hands, compared to its average volume of 317,257. LTC Properties, Inc. has a one year low of $31.70 and a one year high of $39.89. The firm has a fifty day simple moving average of $35.29 and a two-hundred day simple moving average of $34.94. The company has a market cap of $1.61 billion, a P/E ratio of 18.12 and a beta of 0.65. 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 (NYSE:LTC - Get Free Report) last posted its quarterly earnings data 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 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 the consensus estimate of $44.43 million. During the same quarter last year, the firm earned $0.69 EPS. The company's revenue was down 4.5% compared to the same quarter last year. As a group, equities research analysts expect that LTC Properties, Inc. will post 2.79 earnings per share for the current year.

LTC Properties Announces Dividend

The company also recently announced a monthly dividend, which will be paid on Tuesday, September 30th. Stockholders of record on Monday, September 22nd will be paid a dividend of $0.19 per share. This represents a $2.28 annualized dividend and a dividend yield of 6.49%. The ex-dividend date of this dividend is Monday, September 22nd. LTC Properties's payout ratio is currently 117.53%.

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.