JPMorgan Chase & Co. Increases Stock Holdings in LTC Properties, Inc. (NYSE:LTC)

JPMorgan Chase & Co. boosted its position in shares of LTC Properties, Inc. (NYSE:LTC - Free Report) by 32.7% during the 4th quarter, according to its most recent 13F filing with the SEC. The fund owned 336,734 shares of the real estate investment trust's stock after purchasing an additional 82,927 shares during the quarter. JPMorgan Chase & Co. owned about 0.74% of LTC Properties worth $11,634,000 at the end of the most recent reporting period.

Other large investors have also bought and sold shares of the company. AlphaQuest LLC raised its holdings in LTC Properties by 23,470.0% in 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 raised its holdings in LTC Properties by 35.3% in the 4th 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 during the period. PNC Financial Services Group Inc. lifted its position in 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 valued at $88,000 after purchasing an additional 565 shares in the last quarter. FMR LLC grew its holdings in LTC Properties by 132.7% during the third quarter. FMR LLC now owns 2,899 shares of the real estate investment trust's stock valued at $106,000 after purchasing an additional 1,653 shares during the period. Finally, Mutual of America Capital Management LLC increased its position in 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 worth $237,000 after buying an additional 314 shares in the last quarter. 69.25% of the stock is owned by hedge funds and other institutional investors.

LTC Properties Price Performance

Shares of LTC Properties stock traded up $0.43 during trading on Friday, reaching $35.72. 289,306 shares of the stock traded hands, compared to its average volume of 302,757. LTC Properties, Inc. has a 52-week low of $31.24 and a 52-week high of $39.89. The company has a debt-to-equity ratio of 0.75, a current ratio of 11.60 and a quick ratio of 11.60. The business has a fifty day simple moving average of $34.89 and a two-hundred day simple moving average of $35.71. The company has a market capitalization of $1.64 billion, a price-to-earnings ratio of 15.33 and a beta of 0.74.

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

LTC Properties Dividend Announcement

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

Analysts Set New Price Targets

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

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.