Geode Capital Management LLC Purchases 41,581 Shares of LTC Properties, Inc. (NYSE:LTC)

Geode Capital Management LLC grew its stake in LTC Properties, Inc. (NYSE:LTC - Free Report) by 3.7% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 1,166,601 shares of the real estate investment trust's stock after purchasing an additional 41,581 shares during the period. Geode Capital Management LLC owned approximately 2.58% of LTC Properties worth $40,314,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors have also recently bought and sold shares of the company. AlphaQuest LLC grew its position in LTC Properties by 23,470.0% during the 4th quarter. AlphaQuest LLC now owns 2,357 shares of the real estate investment trust's stock worth $81,000 after acquiring an additional 2,347 shares during the last quarter. GAMMA Investing LLC boosted its stake in LTC Properties by 35.3% in the fourth quarter. GAMMA Investing LLC now owns 2,443 shares of the real estate investment trust's stock worth $84,000 after purchasing an additional 638 shares in the last quarter. PNC Financial Services Group Inc. grew its holdings in shares of LTC Properties by 28.5% during the fourth 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 last quarter. FMR LLC increased its stake in shares of LTC Properties by 132.7% in the third quarter. FMR LLC now owns 2,899 shares of the real estate investment trust's stock valued at $106,000 after buying an additional 1,653 shares in the last quarter. Finally, Mutual of America Capital Management LLC increased its stake in shares of LTC Properties by 4.8% in the fourth 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. 69.25% of the stock is currently owned by institutional investors.

LTC Properties Trading Up 1.2 %

LTC Properties stock traded up $0.43 during mid-day trading on Friday, hitting $35.72. The stock had a trading volume of 289,306 shares, compared to its average volume of 302,414. The stock has a 50-day simple moving average of $34.93 and a two-hundred day simple moving average of $35.70. 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 stock has a market capitalization of $1.64 billion, a PE ratio of 15.33 and a beta of 0.74. LTC Properties, Inc. has a 12 month low of $31.70 and a 12 month high of $39.89.

LTC Properties (NYSE:LTC - Get Free Report) last issued its earnings results on Monday, February 24th. The real estate investment trust reported $0.72 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.65 by $0.07. LTC Properties had a net margin of 48.77% and a return on equity of 10.49%. The company had revenue of $34.81 million for the quarter, compared to analyst estimates of $45.25 million. As a group, sell-side analysts forecast that LTC Properties, Inc. will post 2.79 EPS for the current year.

LTC Properties Announces Dividend

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

Wall Street Analysts Forecast Growth

Several brokerages recently issued reports on LTC. Citizens Jmp upgraded shares of LTC Properties from a "hold" rating to a "strong-buy" rating in a research report on Tuesday, January 7th. JMP Securities raised shares of LTC Properties from a "market perform" rating to an "outperform" rating and set a $40.00 price target on the stock in a research note on Tuesday, January 7th. Finally, Wells Fargo & Company lowered their price target on shares of LTC Properties from $38.00 to $36.00 and set an "equal weight" rating for the company in a report on Monday, March 10th.

About LTC Properties

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.