10,288 Shares in LTC Properties, Inc. (NYSE:LTC) Purchased by Natixis Advisors LLC

Key Points

• Natixis Advisors LLC has acquired a stake of 10,288 shares of LTC Properties, Inc., valued at approximately $365,000, during the first quarter of the year.
• LTC Properties reported a quarterly earnings per share of $0.68, surpassing analysts' estimates of $0.67, and achieved a 20.2% increase in year-over-year revenue.
• The company recently declared a dividend of $0.19, resulting in a high dividend yield of 647.0%, although its payout ratio stands at 125.27%.

Natixis Advisors LLC purchased a new stake in shares of LTC Properties, Inc. (NYSE:LTC - Free Report) during the first quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm purchased 10,288 shares of the real estate investment trust's stock, valued at approximately $365,000.

A number of other large investors have also added to or reduced their stakes in the company. Geode Capital Management LLC raised its position in 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 valued at $40,314,000 after purchasing an additional 41,581 shares in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its position in LTC Properties by 3.1% during the fourth 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. Dimensional Fund Advisors LP raised its position in LTC Properties by 2.9% during the fourth quarter. Dimensional Fund Advisors LP now owns 642,325 shares of the real estate investment trust's stock valued at $22,192,000 after purchasing an additional 17,842 shares in the last quarter. Northern Trust Corp raised its position in LTC Properties by 20.9% during the fourth quarter. Northern Trust Corp now owns 599,573 shares of the real estate investment trust's stock valued at $20,715,000 after purchasing an additional 103,482 shares in the last quarter. Finally, Marshall Wace LLP raised its position in LTC Properties by 37.3% during the fourth quarter. Marshall Wace LLP now owns 552,308 shares of the real estate investment trust's stock valued at $19,082,000 after purchasing an additional 150,023 shares in the last quarter. Hedge funds and other institutional investors own 69.25% of the company's stock.

Analyst Ratings Changes

A number of equities research analysts have weighed in on the company. JMP Securities raised their price target 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. Royal Bank Of Canada increased their price target on shares of LTC Properties from $36.00 to $37.00 and gave the company a "sector perform" rating in a research report on Friday, August 8th. Finally, Wedbush raised shares of LTC Properties to a "strong-buy" rating in a research report on Wednesday, July 2nd. Two investment analysts have rated the stock with a hold rating, one has issued a buy rating and two have given a strong buy rating to the company. According to data from MarketBeat, the stock has a consensus rating of "Buy" and a consensus price target of $39.00.

Insider Activity at LTC Properties

In other news, EVP David M. Boitano purchased 6,000 shares of the company's stock in a transaction that occurred on Friday, June 27th. The shares were bought at an average price of $34.71 per share, for a total transaction of $208,260.00. Following the purchase, the executive vice president directly owned 15,626 shares in the company, valued at approximately $542,378.46. This trade represents a 62.33% increase in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Corporate insiders own 2.10% of the company's stock.

LTC Properties Stock Down 0.5%

LTC Properties stock traded down $0.17 on Wednesday, hitting $35.86. 361,944 shares of the stock traded hands, compared to its average volume of 397,865. The company has a current ratio of 9.06, a quick ratio of 9.06 and a debt-to-equity ratio of 0.67. The firm has a market cap of $1.65 billion, a P/E ratio of 19.70 and a beta of 0.66. The business's fifty day simple moving average is $35.11 and its 200 day simple moving average is $35.07. LTC Properties, Inc. has a 1 year low of $31.70 and a 1 year high of $39.89.

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

LTC Properties Announces Dividend

The business also recently announced a dividend, which was paid on Thursday, July 31st. Stockholders of record on Thursday, July 24th were paid a $0.19 dividend. This represents a dividend yield of 647.0%. The ex-dividend date of this dividend was Wednesday, July 23rd. LTC Properties's dividend payout ratio is currently 125.27%.

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.