Schroder Investment Management Group Makes New Investment in LTC Properties, Inc. (NYSE:LTC)

Schroder Investment Management Group bought a new stake in LTC Properties, Inc. (NYSE:LTC - Free Report) in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund bought 76,501 shares of the real estate investment trust's stock, valued at approximately $2,635,000. Schroder Investment Management Group owned approximately 0.17% of LTC Properties at the end of the most recent quarter.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Barclays PLC increased its stake in LTC Properties by 148.8% in the third quarter. Barclays PLC now owns 87,972 shares of the real estate investment trust's stock valued at $3,228,000 after acquiring an additional 52,619 shares during the last quarter. JPMorgan Chase & Co. boosted its holdings in shares of LTC Properties by 80.4% in the 3rd quarter. JPMorgan Chase & Co. now owns 253,807 shares of the real estate investment trust's stock valued at $9,312,000 after purchasing an additional 113,100 shares in the last quarter. Principal Financial Group Inc. increased its stake in shares of LTC Properties by 6.9% in the 3rd quarter. Principal Financial Group Inc. now owns 229,176 shares of the real estate investment trust's stock valued at $8,408,000 after purchasing an additional 14,778 shares during the last quarter. Los Angeles Capital Management LLC acquired a new position in shares of LTC Properties during the 4th quarter worth $250,000. Finally, Bank of New York Mellon Corp lifted its position in shares of LTC Properties by 6.1% during the 4th quarter. Bank of New York Mellon Corp now owns 962,651 shares of the real estate investment trust's stock worth $33,260,000 after buying an additional 55,254 shares during the last quarter. Institutional investors own 69.25% of the company's stock.

Analysts Set New Price Targets

A number of research analysts have issued reports on the company. Wells Fargo & Company decreased their target price on 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. JMP Securities upgraded shares of LTC Properties from a "market perform" rating to an "outperform" rating and set a $40.00 price objective for the company in a research report on Tuesday, January 7th. Finally, Citizens Jmp upgraded shares of LTC Properties from a "hold" rating to a "strong-buy" rating in a research report on Tuesday, January 7th.

LTC Properties Trading Up 1.2 %

Shares of LTC stock traded up $0.40 during mid-day trading on Friday, reaching $34.10. 314,459 shares of the stock traded hands, compared to its average volume of 301,041. The company has a market cap of $1.56 billion, a price-to-earnings ratio of 14.63 and a beta of 0.74. The company has a quick ratio of 11.60, a current ratio of 11.60 and a debt-to-equity ratio of 0.75. The stock's fifty day simple moving average is $34.82 and its two-hundred day simple moving average is $35.76. LTC Properties, Inc. has a 1-year low of $31.24 and a 1-year high of $39.89.

LTC Properties (NYSE:LTC - Get Free Report) last posted its earnings results on Monday, February 24th. The real estate investment trust reported $0.72 EPS for the quarter, topping the consensus estimate of $0.65 by $0.07. LTC Properties had a net margin of 48.77% and a return on equity of 10.49%. The business had revenue of $34.81 million for the quarter, compared to the consensus estimate of $45.25 million. On average, research analysts anticipate 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 paid a $0.19 dividend. The ex-dividend date is Friday, June 20th. This represents a $2.28 annualized dividend and a dividend yield of 6.69%. LTC Properties's dividend payout ratio is 111.22%.

LTC Properties 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.