Edgestream Partners L.P. Boosts Stock Holdings in LTC Properties, Inc. (NYSE:LTC)

Edgestream Partners L.P. boosted its position in LTC Properties, Inc. (NYSE:LTC - Free Report) by 750.2% during the first quarter, according to its most recent 13F filing with the SEC. The firm owned 52,805 shares of the real estate investment trust's stock after acquiring an additional 46,594 shares during the period. Edgestream Partners L.P. owned 0.12% of LTC Properties worth $1,872,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently modified their holdings of LTC. GF Fund Management CO. LTD. bought a new position in shares of LTC Properties during the fourth quarter valued at $27,000. KBC Group NV purchased a new position in shares of LTC Properties during the 1st quarter valued at about $33,000. Rossby Financial LCC bought a new stake in LTC Properties during the 1st quarter valued at approximately $58,000. Elite Financial Inc. bought a new stake in LTC Properties in the 1st quarter worth approximately $69,000. Finally, AlphaQuest LLC increased its position in shares of LTC Properties by 23,470.0% during the 4th quarter. AlphaQuest LLC now owns 2,357 shares of the real estate investment trust's stock valued at $81,000 after purchasing an additional 2,347 shares during the last quarter. 69.25% of the stock is currently owned by institutional investors.

LTC Properties Stock Performance

Shares of LTC stock opened at $34.87 on Friday. The stock's 50-day moving average price is $35.23 and its 200 day moving average price is $34.97. The stock has a market capitalization of $1.60 billion, a PE ratio of 17.98 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, 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 issued its quarterly earnings results on Monday, May 5th. The real estate investment trust reported $0.65 earnings per share 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 business had revenue of $49.03 million for the quarter, compared to analysts' expectations of $44.43 million. During the same period in the prior year, the company earned $0.69 EPS. The company's revenue for the quarter was down 4.5% compared to the same quarter last year. As a group, equities research analysts forecast that LTC Properties, Inc. will post 2.79 EPS for the current year.

LTC Properties Dividend Announcement

The firm also recently declared a dividend, which will be paid on Thursday, July 31st. Stockholders of record on Thursday, July 24th will be issued a dividend of $0.19 per share. The ex-dividend date is Wednesday, July 23rd. This represents a dividend yield of 6.47%. LTC Properties's dividend payout ratio (DPR) is presently 117.53%.

Insider Buying and Selling at LTC Properties

In related news, EVP David M. Boitano acquired 6,000 shares of the stock in a transaction that occurred on Friday, June 27th. The shares were acquired at an average price 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 ownership of the stock. The purchase was disclosed in a legal filing with the SEC, which is available through the SEC website. Company insiders own 2.10% of the company's stock.

Wall Street Analyst Weigh In

Several equities research analysts have weighed in on the company. Wedbush upgraded LTC Properties to a "strong-buy" rating in a report on Wednesday, July 2nd. Royal Bank Of Canada reissued a "sector perform" rating and issued a $36.00 price objective on shares of LTC Properties in a report on Monday, May 19th. 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 stock. Based on data from MarketBeat, LTC Properties currently has an average rating of "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.

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