LTC Properties, Inc. (NYSE:LTC) Shares Sold by Voya Investment Management LLC

Voya Investment Management LLC cut its holdings in LTC Properties, Inc. (NYSE:LTC - Free Report) by 20.8% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The fund owned 33,778 shares of the real estate investment trust's stock after selling 8,865 shares during the period. Voya Investment Management LLC owned 0.07% of LTC Properties worth $1,167,000 at the end of the most recent reporting period.

A number of other large investors have also recently added to or reduced their stakes in the business. Barclays PLC lifted its stake in LTC Properties by 148.8% during the third quarter. Barclays PLC now owns 87,972 shares of the real estate investment trust's stock worth $3,228,000 after purchasing an additional 52,619 shares in the last quarter. JPMorgan Chase & Co. grew its holdings in shares of LTC Properties by 80.4% during the third quarter. JPMorgan Chase & Co. now owns 253,807 shares of the real estate investment trust's stock worth $9,312,000 after purchasing an additional 113,100 shares during the last quarter. GAMMA Investing LLC grew its holdings in shares of LTC Properties by 35.3% during 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 during the last quarter. Exchange Traded Concepts LLC grew its holdings in shares of LTC Properties by 4.3% during the fourth quarter. Exchange Traded Concepts LLC now owns 48,430 shares of the real estate investment trust's stock worth $1,673,000 after purchasing an additional 1,987 shares during the last quarter. Finally, Ausbil Investment Management Ltd purchased a new position in shares of LTC Properties during the fourth quarter worth about $334,000. 69.25% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Separately, Wells Fargo & Company dropped their price objective on LTC Properties from $38.00 to $36.00 and set an "equal weight" rating on the stock in a report on Monday, March 10th.

LTC Properties Stock Performance

Shares of LTC stock traded up $0.11 during mid-day trading on Friday, hitting $35.93. 247,843 shares of the stock were exchanged, compared to its average volume of 307,342. LTC Properties, Inc. has a 12-month low of $31.70 and a 12-month high of $39.89. The stock has a market capitalization of $1.65 billion, a price-to-earnings ratio of 15.42 and a beta of 0.68. The stock's fifty day simple moving average is $35.19 and its two-hundred day simple moving average is $35.68. The company has a debt-to-equity ratio of 0.75, a quick ratio of 11.60 and a current ratio of 11.60.

LTC Properties (NYSE:LTC - Get Free Report) last announced its quarterly earnings data on Monday, May 5th. The real estate investment trust reported $0.65 EPS for the quarter, missing analysts' consensus estimates of $0.66 by ($0.01). The firm had revenue of $49.03 million during the quarter, compared to analyst estimates of $44.43 million. LTC Properties had a net margin of 48.77% and a return on equity of 10.49%. LTC Properties's revenue for the quarter was down 4.5% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.69 EPS. On average, analysts forecast that LTC Properties, Inc. will post 2.79 EPS for the current year.

LTC Properties Dividend Announcement

The company also recently declared a monthly dividend, which will be paid on Monday, June 30th. Stockholders of record on Friday, June 20th will be paid a dividend of $0.19 per share. This represents a $2.28 annualized dividend and a dividend yield of 6.35%. The ex-dividend date is Friday, June 20th. LTC Properties's dividend payout ratio (DPR) is 117.53%.

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.