Cetera Investment Advisers Has $784,000 Position in LTC Properties, Inc. $LTC

Cetera Investment Advisers raised its holdings in shares of LTC Properties, Inc. (NYSE:LTC - Free Report) by 67.6% in the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 22,105 shares of the real estate investment trust's stock after buying an additional 8,918 shares during the quarter. Cetera Investment Advisers' holdings in LTC Properties were worth $784,000 as of its most recent SEC filing.

Other large investors also recently modified their holdings of the company. GF Fund Management CO. LTD. acquired a new position in shares of LTC Properties during the fourth quarter worth approximately $27,000. KBC Group NV bought a new stake in shares of LTC Properties during the first quarter valued at approximately $33,000. Rossby Financial LCC bought a new stake in shares of LTC Properties during the first quarter valued at approximately $58,000. Elite Financial Inc. bought a new stake in shares of LTC Properties during the first quarter valued at approximately $69,000. Finally, State of Wyoming increased its position in shares of LTC Properties by 91.7% during the fourth quarter. State of Wyoming now owns 2,919 shares of the real estate investment trust's stock valued at $101,000 after purchasing an additional 1,396 shares during the period. 69.25% of the stock is currently owned by institutional investors and hedge funds.

LTC Properties Price Performance

LTC stock traded up $0.16 during trading on Monday, hitting $35.68. The company had a trading volume of 66,124 shares, compared to its average volume of 347,581. The company has a fifty day moving average price of $35.14 and a two-hundred day moving average price of $35.10. 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 market cap of $1.64 billion, a P/E ratio of 19.60 and a beta of 0.66. The company has a current ratio of 9.06, a quick ratio of 9.06 and a debt-to-equity ratio of 0.67.

LTC Properties (NYSE:LTC - Get Free Report) last released its quarterly earnings data on Monday, August 4th. The real estate investment trust reported $0.68 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.67 by $0.01. LTC Properties had a return on equity of 7.95% and a net margin of 38.24%. The firm had revenue of $30.18 million during the quarter, compared to analyst estimates of $49.97 million. During the same period in the prior year, the company posted $0.45 earnings per share. The business's revenue for the quarter was up 20.2% compared to the same quarter last year. Equities research analysts expect that LTC Properties, Inc. will post 2.79 earnings per share for the current fiscal year.

LTC Properties Announces Dividend

The business also recently disclosed a dividend, which will be paid on Friday, August 29th. Shareholders of record on Friday, August 22nd will be paid a dividend of $0.19 per share. This represents a yield of 642.0%. The ex-dividend date is Thursday, August 21st. LTC Properties's dividend payout ratio is currently 125.27%.

Insider Transactions at LTC Properties

In related news, EVP David M. Boitano acquired 6,000 shares of the company's stock in a transaction on Friday, June 27th. The stock was purchased at an average cost of $34.71 per share, for a total transaction of $208,260.00. Following the completion of the purchase, the executive vice president directly owned 15,626 shares of the company's stock, valued at $542,378.46. The trade was a 62.33% increase in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. 2.10% of the stock is owned by corporate insiders.

Analysts Set New Price Targets

A number of analysts have recently issued reports on LTC shares. JMP Securities boosted their price objective on LTC Properties from $40.00 to $43.00 and gave the company a "market outperform" rating in a research report on Wednesday, August 6th. Wedbush upgraded LTC Properties to a "strong-buy" rating in a research report on Wednesday, July 2nd. Finally, Royal Bank Of Canada boosted their price objective on LTC Properties from $36.00 to $37.00 and gave the company a "sector perform" rating in a research report on Friday, August 8th. Two equities research analysts have rated the stock with a hold rating, one has issued a buy rating and two have assigned a strong buy rating to the company. According to data from MarketBeat, the company presently has a consensus rating of "Buy" and a consensus price target of $39.00.

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.