RFG Advisory LLC Takes $291,000 Position in LTC Properties, Inc. (NYSE:LTC)

RFG Advisory LLC acquired a new stake in shares of LTC Properties, Inc. (NYSE:LTC - Free Report) during the 1st quarter, according to the company in its most recent 13F filing with the SEC. The firm acquired 8,202 shares of the real estate investment trust's stock, valued at approximately $291,000.

Several other institutional investors and hedge funds have also recently made changes to their positions in the stock. Mutual of America Capital Management LLC raised its position in shares of LTC Properties by 4.8% during the 4th quarter. Mutual of America Capital Management LLC now owns 6,856 shares of the real estate investment trust's stock valued at $237,000 after buying an additional 314 shares in the last quarter. Amalgamated Bank raised its position in shares of LTC Properties by 2.5% during the 4th quarter. Amalgamated Bank now owns 13,135 shares of the real estate investment trust's stock valued at $454,000 after buying an additional 315 shares in the last quarter. Summit Investment Advisors Inc. raised its position in shares of LTC Properties by 7.5% during the 4th quarter. Summit Investment Advisors Inc. now owns 4,678 shares of the real estate investment trust's stock valued at $162,000 after buying an additional 327 shares in the last quarter. Bridge City Capital LLC raised its position in shares of LTC Properties by 0.9% during the 4th quarter. Bridge City Capital LLC now owns 44,481 shares of the real estate investment trust's stock valued at $1,537,000 after buying an additional 391 shares in the last quarter. Finally, BNP Paribas Financial Markets raised its position in shares of LTC Properties by 4.1% during the 4th quarter. BNP Paribas Financial Markets now owns 9,906 shares of the real estate investment trust's stock valued at $342,000 after buying an additional 392 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 analysts recently commented on LTC shares. Wells Fargo & Company decreased their target price on shares of LTC Properties from $38.00 to $36.00 and set an "equal weight" rating on the stock in a research report on Monday, March 10th. Royal Bank of Canada reiterated a "sector perform" rating and issued a $36.00 target price on shares of LTC Properties in a research report on Monday, May 19th. Two analysts have rated the stock with a hold rating, two have given a buy rating and one has issued a strong buy rating to the company's stock. According to data from MarketBeat.com, LTC Properties has a consensus rating of "Moderate Buy" and an average price target of $38.00.

LTC Properties Price Performance

LTC stock opened at $34.92 on Friday. The firm's 50-day moving average price is $35.16 and its two-hundred day moving average price is $35.31. LTC Properties, Inc. has a 12-month low of $31.70 and a 12-month high of $39.89. The stock has a market capitalization of $1.60 billion, a price-to-earnings ratio of 14.99 and a beta of 0.66. The company has a current ratio of 11.60, a quick ratio of 11.60 and a debt-to-equity ratio of 0.75.

LTC Properties (NYSE:LTC - Get Free Report) last released its quarterly earnings data on Monday, May 5th. The real estate investment trust reported $0.65 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.66 by ($0.01). LTC Properties had a net margin of 48.77% and a return on equity of 10.49%. The firm had revenue of $49.03 million during the quarter, compared to analysts' expectations of $44.43 million. During the same quarter in the previous year, the firm posted $0.69 EPS. LTC Properties's revenue was down 4.5% compared to the same quarter last year. As a group, equities analysts predict that LTC Properties, Inc. will post 2.79 earnings per share for the current year.

LTC Properties Dividend Announcement

The company also recently disclosed a dividend, which was paid on Friday, May 30th. Shareholders of record on Friday, May 23rd were given a $0.19 dividend. This represents a dividend yield of 6.31%. The ex-dividend date was Thursday, May 22nd. LTC Properties's payout ratio is 117.53%.

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.

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