Invesco Ltd. Sells 222,075 Shares of LTC Properties, Inc. (NYSE:LTC)

Invesco Ltd. cut its stake in LTC Properties, Inc. (NYSE:LTC - Free Report) by 47.3% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 247,334 shares of the real estate investment trust's stock after selling 222,075 shares during the quarter. Invesco Ltd. owned approximately 0.55% of LTC Properties worth $8,545,000 at the end of the most recent reporting period.

Several other large investors have also made changes to their positions in LTC. Mutual of America Capital Management LLC grew its holdings 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 worth $237,000 after purchasing an additional 314 shares during the period. Amalgamated Bank grew its holdings in LTC Properties by 2.5% during the 4th quarter. Amalgamated Bank now owns 13,135 shares of the real estate investment trust's stock worth $454,000 after acquiring an additional 315 shares in the last quarter. Bridge City Capital LLC boosted its holdings in shares of LTC Properties by 0.9% in 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. Oregon Public Employees Retirement Fund raised its position in LTC Properties by 3.9% in the 4th quarter. Oregon Public Employees Retirement Fund now owns 10,638 shares of the real estate investment trust's stock valued at $368,000 after purchasing an additional 400 shares during the last quarter. Finally, American Century Companies Inc. raised its position in LTC Properties by 3.4% during the 4th quarter. American Century Companies Inc. now owns 16,821 shares of the real estate investment trust's stock worth $581,000 after buying an additional 550 shares during the last quarter. 69.25% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

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

LTC Properties Stock Down 0.4 %

NYSE:LTC traded down $0.14 during trading hours on Tuesday, hitting $35.34. 9,690 shares of the company's stock traded hands, compared to its average volume of 303,152. The firm has a market cap of $1.62 billion, a P/E ratio of 15.17 and a beta of 0.74. LTC Properties, Inc. has a twelve month low of $31.70 and a twelve month high of $39.89. The company has a debt-to-equity ratio of 0.75, a quick ratio of 11.60 and a current ratio of 11.60. The stock's fifty day moving average price is $35.06 and its two-hundred day moving average price is $35.70.

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 for the quarter, topping the consensus estimate of $0.65 by $0.07. The company had revenue of $34.81 million for the quarter, compared to analyst estimates of $45.25 million. LTC Properties had a return on equity of 10.49% and a net margin of 48.77%. On average, research analysts expect that LTC Properties, Inc. will post 2.79 earnings per share for the current fiscal year.

LTC Properties Dividend Announcement

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 issued a dividend of $0.19 per share. The ex-dividend date of this dividend is Friday, June 20th. This represents a $2.28 dividend on an annualized basis and a dividend yield of 6.45%. LTC Properties's dividend payout ratio (DPR) is presently 111.22%.

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.