Guggenheim Capital LLC Sells 40,570 Shares of LTC Properties, Inc. (NYSE:LTC)

Guggenheim Capital LLC cut its stake in LTC Properties, Inc. (NYSE:LTC - Free Report) by 75.9% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 12,887 shares of the real estate investment trust's stock after selling 40,570 shares during the period. Guggenheim Capital LLC's holdings in LTC Properties were worth $445,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. Summit Investment Advisors Inc. raised its position in shares of LTC Properties by 7.5% in the 4th quarter. Summit Investment Advisors Inc. now owns 4,678 shares of the real estate investment trust's stock worth $162,000 after acquiring an additional 327 shares in the last quarter. Advisors Capital Management LLC increased its holdings in LTC Properties by 2.8% in the fourth quarter. Advisors Capital Management LLC now owns 464,243 shares of the real estate investment trust's stock worth $16,040,000 after purchasing an additional 12,763 shares in the last quarter. Sterling Capital Management LLC lifted its stake in LTC Properties by 10.1% in the fourth quarter. Sterling Capital Management LLC now owns 13,769 shares of the real estate investment trust's stock valued at $476,000 after buying an additional 1,261 shares during the period. Raymond James Financial Inc. bought a new position in shares of LTC Properties during the 4th quarter worth approximately $464,000. Finally, Martingale Asset Management L P bought a new position in shares of LTC Properties during the 4th quarter worth approximately $1,182,000. Institutional investors and hedge funds own 69.25% of the company's stock.

LTC Properties Stock Down 0.3 %

NYSE LTC traded down $0.09 during mid-day trading on Thursday, hitting $35.78. The company's stock had a trading volume of 101,967 shares, compared to its average volume of 303,203. The firm has a market capitalization of $1.64 billion, a price-to-earnings ratio of 15.36 and a beta of 0.74. The company's 50 day simple moving average is $35.11 and its 200 day simple moving average is $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. LTC Properties, Inc. has a twelve month low of $31.70 and a twelve month high of $39.89.

LTC Properties (NYSE:LTC - Get Free Report) last issued its quarterly earnings data on Monday, February 24th. The real estate investment trust reported $0.72 earnings per share (EPS) 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 firm had revenue of $34.81 million during the quarter, compared to analysts' expectations of $45.25 million. Analysts anticipate that LTC Properties, Inc. will post 2.79 earnings per share for the current year.

LTC Properties Dividend Announcement

The business also recently announced a monthly dividend, which will be paid on Monday, June 30th. Stockholders of record on Friday, June 20th will be issued a $0.19 dividend. 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 6.37%. LTC Properties's dividend payout ratio is presently 111.22%.

Analyst Upgrades and Downgrades

A number of research analysts recently issued reports on LTC shares. 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 upgraded shares of LTC Properties from a "market perform" rating to an "outperform" rating and set a $40.00 price objective on the stock in a report on Tuesday, January 7th. Finally, Wells Fargo & Company reduced their target price 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.

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.