Natixis Advisors LLC Invests $365,000 in LTC Properties, Inc. (NYSE:LTC)

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 acquired a new position in LTC Properties, Inc. (NYSE:LTC - Free Report) in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 10,288 shares of the real estate investment trust's stock, valued at approximately $365,000.

Other institutional investors and hedge funds have also made changes to their positions in the company. Principal Financial Group Inc. grew its holdings in LTC Properties by 3.5% during the 1st quarter. Principal Financial Group Inc. now owns 255,309 shares of the real estate investment trust's stock valued at $9,051,000 after purchasing an additional 8,646 shares in the last quarter. Cambridge Investment Research Advisors Inc. acquired a new stake in LTC Properties during the 1st quarter valued at $200,000. Tidal Investments LLC acquired a new stake in LTC Properties during the 4th quarter valued at $294,000. Geode Capital Management LLC grew its holdings in LTC Properties by 3.7% during the 4th 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. Finally, Asset Management One Co. Ltd. grew its holdings in LTC Properties by 7.5% during the 1st quarter. Asset Management One Co. Ltd. now owns 124,312 shares of the real estate investment trust's stock valued at $4,407,000 after purchasing an additional 8,651 shares in the last quarter. 69.25% of the stock is currently owned by hedge funds and other institutional investors.

LTC Properties Stock Down 0.0%

NYSE LTC traded down $0.01 during trading hours on Friday, reaching $35.49. 262,527 shares of the company traded hands, compared to its average volume of 389,202. LTC Properties, Inc. has a 12 month low of $31.70 and a 12 month high of $39.89. 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 stock has a market capitalization of $1.63 billion, a PE ratio of 19.50 and a beta of 0.66. The company has a 50 day moving average of $35.14 and a two-hundred day moving average of $35.09.

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

LTC Properties Dividend Announcement

The firm also recently declared a dividend, which will be paid on Friday, August 29th. Stockholders of record on Friday, August 22nd will be given a $0.19 dividend. This represents a dividend yield of 642.0%. The ex-dividend date is Thursday, August 21st. LTC Properties's dividend payout ratio (DPR) is presently 125.27%.

Insider Activity

In other LTC Properties news, EVP David M. Boitano purchased 6,000 shares of LTC Properties stock in a transaction dated Friday, June 27th. The shares were bought at an average cost of $34.71 per share, for a total transaction of $208,260.00. Following the transaction, the executive vice president owned 15,626 shares in the company, valued at $542,378.46. This represents a 62.33% increase in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Insiders own 2.10% of the company's stock.

Analysts Set New Price Targets

A number of research analysts have commented on the stock. JMP Securities increased their price objective on shares of LTC Properties from $40.00 to $43.00 and gave the company a "market outperform" rating in a research note on Wednesday, August 6th. Wedbush upgraded shares of LTC Properties to a "strong-buy" rating in a research note on Wednesday, July 2nd. Finally, Royal Bank Of Canada increased their price objective on shares of LTC Properties from $36.00 to $37.00 and gave the company a "sector perform" rating in a research note 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 issued a strong buy rating to the company's stock. According to data from MarketBeat, the stock currently has a consensus rating of "Buy" and a consensus target price of $39.00.

LTC Properties 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.