13,425 Shares in LTC Properties, Inc. (NYSE:LTC) Acquired by Raymond James Financial Inc.

Raymond James Financial Inc. acquired a new position in shares of LTC Properties, Inc. (NYSE:LTC - Free Report) in the 4th quarter, according to the company in its most recent filing with the SEC. The fund acquired 13,425 shares of the real estate investment trust's stock, valued at approximately $464,000.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. AlphaQuest LLC boosted its stake 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 purchasing an additional 2,347 shares in 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 valued at $84,000 after buying an additional 638 shares during the last quarter. PNC Financial Services Group Inc. increased its position 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 acquiring an additional 565 shares during the period. Mutual of America Capital Management LLC raised its stake in LTC Properties by 4.8% in 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 acquiring an additional 314 shares during the last quarter. Finally, Los Angeles Capital Management LLC acquired a new stake in LTC Properties during the 4th quarter worth about $250,000. Hedge funds and other institutional investors own 69.25% of the company's stock.

LTC Properties Stock Performance

Shares of LTC stock traded down $0.05 during trading hours on Tuesday, hitting $35.45. The company's stock had a trading volume of 352,822 shares, compared to its average volume of 307,519. LTC Properties, Inc. has a 12-month low of $31.70 and a 12-month high of $39.89. The company has a current ratio of 11.60, a quick ratio of 11.60 and a debt-to-equity ratio of 0.75. The stock has a market cap of $1.63 billion, a PE ratio of 15.21 and a beta of 0.68. The company has a 50 day moving average of $35.18 and a 200 day moving average of $35.68.

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 EPS for the quarter, missing analysts' consensus estimates of $0.66 by ($0.01). LTC Properties had a return on equity of 10.49% and a net margin of 48.77%. The firm had revenue of $49.03 million for the quarter, compared to analyst estimates of $44.43 million. During the same period in the previous year, the business earned $0.69 EPS. LTC Properties's revenue for the quarter was down 4.5% compared to the same quarter last year. On average, sell-side analysts forecast that LTC Properties, Inc. will post 2.79 EPS for the current fiscal year.

LTC Properties Dividend Announcement

The firm also recently disclosed a monthly dividend, which will be paid on Monday, June 30th. Stockholders of record on Friday, June 20th will be given a $0.19 dividend. This represents a $2.28 dividend on an annualized basis and a dividend yield of 6.43%. The ex-dividend date is Friday, June 20th. LTC Properties's dividend payout ratio (DPR) is presently 117.53%.

Analyst Ratings Changes

Separately, Wells Fargo & Company cut 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 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.