LTC Properties, Inc. (NYSE:LTC) Shares Bought by Edgestream Partners L.P.

Edgestream Partners L.P. grew its holdings in LTC Properties, Inc. (NYSE:LTC - Free Report) by 750.2% in the 1st quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor 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 added to or reduced their stakes in the stock. Raymond James Financial Inc. purchased a new stake in LTC Properties in the fourth quarter worth $464,000. PNC Financial Services Group Inc. increased its holdings in LTC Properties by 28.5% during the 4th quarter. PNC Financial Services Group Inc. now owns 2,546 shares of the real estate investment trust's stock worth $88,000 after purchasing an additional 565 shares during the period. AlphaQuest LLC boosted its position in shares of LTC Properties by 23,470.0% in 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 period. Zurcher Kantonalbank Zurich Cantonalbank increased its stake in LTC Properties by 52.7% in the 4th quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 23,360 shares of the real estate investment trust's stock valued at $807,000 after purchasing an additional 8,064 shares in the last quarter. Finally, Thrivent Financial for Lutherans boosted its holdings in LTC Properties by 2.4% in the fourth quarter. Thrivent Financial for Lutherans now owns 34,984 shares of the real estate investment trust's stock valued at $1,209,000 after acquiring an additional 831 shares during the last quarter. Institutional investors and hedge funds own 69.25% of the company's stock.

LTC Properties Trading Up 0.3%

Shares of LTC stock traded up $0.10 on Monday, reaching $35.12. 395,111 shares of the company's stock were exchanged, compared to its average volume of 323,401. LTC Properties, Inc. has a 52 week low of $31.70 and a 52 week high of $39.89. The company's fifty day simple moving average is $35.21 and its 200 day simple moving average is $34.98. The company has a current ratio of 10.55, a quick ratio of 10.55 and a debt-to-equity ratio of 0.65. The stock has a market capitalization of $1.61 billion, a PE ratio of 18.10 and a beta of 0.65.

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

LTC Properties Dividend Announcement

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

Insider Transactions at LTC Properties

In other news, EVP David M. Boitano bought 6,000 shares of the business's stock in a transaction on Friday, June 27th. The stock was acquired at an average price of $34.71 per share, with a total value of $208,260.00. Following the completion of the purchase, the executive vice president directly owned 15,626 shares in the company, valued at $542,378.46. This represents a 62.33% increase in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. Insiders own 2.10% of the company's stock.

Wall Street Analysts Forecast Growth

Several equities analysts recently issued reports on the stock. Wedbush upgraded shares of LTC Properties to a "strong-buy" rating in a report on Wednesday, July 2nd. Royal Bank Of Canada reissued a "sector perform" rating and set a $36.00 target price on shares of LTC Properties in a research report on Monday, May 19th. Two research analysts have rated the stock with a hold rating, one has given a buy rating and two have assigned a strong buy rating to the stock. According to data from MarketBeat, LTC Properties has an average rating of "Buy" and a consensus target price of $38.00.

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.