LTC Properties, Inc. (NYSE:LTC) Shares Bought by MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd.

MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its stake in LTC Properties, Inc. (NYSE:LTC - Free Report) by 3.1% in the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 646,592 shares of the real estate investment trust's stock after buying an additional 19,486 shares during the quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. owned approximately 1.43% of LTC Properties worth $22,340,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also modified their holdings of LTC. AlphaQuest LLC lifted its holdings in LTC Properties by 23,470.0% in the fourth quarter. AlphaQuest LLC now owns 2,357 shares of the real estate investment trust's stock valued at $81,000 after acquiring an additional 2,347 shares during the last quarter. PNC Financial Services Group Inc. lifted its stake in shares of LTC Properties by 28.5% in the 4th 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 during the last quarter. Lazard Asset Management LLC grew its holdings in shares of LTC Properties by 49.2% during the 4th quarter. Lazard Asset Management LLC now owns 4,065 shares of the real estate investment trust's stock worth $140,000 after purchasing an additional 1,341 shares during the period. Summit Investment Advisors Inc. grew its holdings 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 worth $162,000 after purchasing an additional 327 shares during the period. Finally, Mutual of America Capital Management LLC increased 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 worth $237,000 after purchasing an additional 314 shares during the last quarter. 69.25% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Separately, 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.

LTC Properties Trading Up 1.4%

LTC Properties stock traded up $0.48 during trading on Friday, hitting $35.94. The company had a trading volume of 279,928 shares, compared to its average volume of 310,195. The stock has a market cap of $1.65 billion, a price-to-earnings ratio of 15.43 and a beta of 0.68. 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, Inc. has a 1-year low of $31.70 and a 1-year high of $39.89. The company's 50 day simple moving average is $35.15 and its 200-day simple moving average is $35.63.

LTC Properties (NYSE:LTC - Get Free Report) last issued its quarterly earnings data on Monday, May 5th. The real estate investment trust reported $0.65 earnings per share 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 analyst estimates of $44.43 million. During the same period in the previous year, the firm posted $0.69 earnings per share. The company's quarterly revenue was down 4.5% compared to the same quarter last year. As a group, analysts expect that LTC Properties, Inc. will post 2.79 EPS for the current fiscal year.

LTC Properties Announces Dividend

The firm also recently disclosed a monthly dividend, which will be paid on Monday, June 30th. Investors of record on Friday, June 20th will be issued a $0.19 dividend. This represents a $2.28 dividend on an annualized basis and a dividend yield of 6.34%. The ex-dividend date is Friday, June 20th. LTC Properties's dividend payout ratio (DPR) is currently 117.53%.

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.