LTC Properties, Inc. (NYSE:LTC) Shares Acquired by Franklin Resources Inc.

Franklin Resources Inc. increased its position in LTC Properties, Inc. (NYSE:LTC - Free Report) by 76.9% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 31,599 shares of the real estate investment trust's stock after acquiring an additional 13,738 shares during the period. Franklin Resources Inc. owned approximately 0.07% of LTC Properties worth $1,092,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other large investors have also modified their holdings of the company. FMR LLC raised its holdings in LTC Properties by 132.7% in the 3rd quarter. FMR LLC now owns 2,899 shares of the real estate investment trust's stock worth $106,000 after purchasing an additional 1,653 shares during the period. HighTower Advisors LLC raised its stake in shares of LTC Properties by 26.7% during the 3rd quarter. HighTower Advisors LLC now owns 17,060 shares of the real estate investment trust's stock worth $633,000 after buying an additional 3,600 shares during the period. Stifel Financial Corp purchased a new position in shares of LTC Properties during the 3rd quarter valued at approximately $283,000. Jane Street Group LLC grew its stake in LTC Properties by 78.2% in the 3rd quarter. Jane Street Group LLC now owns 84,398 shares of the real estate investment trust's stock valued at $3,097,000 after acquiring an additional 37,049 shares during the period. Finally, Barclays PLC increased its holdings in LTC Properties by 148.8% in the 3rd quarter. Barclays PLC now owns 87,972 shares of the real estate investment trust's stock worth $3,228,000 after acquiring an additional 52,619 shares in the last quarter. Institutional investors and hedge funds own 69.25% of the company's stock.

LTC Properties Trading Up 1.2 %

LTC stock traded up $0.43 during trading on Friday, reaching $35.72. 289,306 shares of the stock were exchanged, compared to its average volume of 302,414. The company has a current ratio of 11.60, a quick ratio of 11.60 and a debt-to-equity ratio of 0.75. The firm has a market capitalization of $1.64 billion, a price-to-earnings ratio of 15.33 and a beta of 0.74. The business has a 50 day moving average price of $34.93 and a 200-day moving average price of $35.70. 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 results on Monday, February 24th. The real estate investment trust reported $0.72 earnings per share for the quarter, beating analysts' consensus estimates of $0.65 by $0.07. LTC Properties had a net margin of 48.77% and a return on equity of 10.49%. The business had revenue of $34.81 million during the quarter, compared to analysts' expectations of $45.25 million. On average, research analysts predict that LTC Properties, Inc. will post 2.79 earnings per share for the current year.

LTC Properties Announces Dividend

The firm also recently declared a monthly dividend, which will be paid on Monday, June 30th. Stockholders of record on Friday, June 20th will be given a dividend of $0.19 per share. The ex-dividend date of this dividend is Friday, June 20th. This represents a $2.28 annualized dividend and a dividend yield of 6.38%. LTC Properties's dividend payout ratio is presently 111.22%.

Analyst Upgrades and Downgrades

Several analysts have recently issued reports on LTC shares. JMP Securities upgraded shares of LTC Properties from a "market perform" rating to an "outperform" rating and set a $40.00 target price on the stock in a research report on Tuesday, January 7th. Citizens Jmp raised LTC Properties from a "hold" rating to a "strong-buy" rating in a report on Tuesday, January 7th. Finally, Wells Fargo & Company reduced their price objective on 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.

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.