1 week Ago By Defense World Staff
Norges Bank purchased a new position in shares of LTC Properties, Inc. (NYSE:LTC – Free Report) in the fourth quarter, according to its most recent filing with the SEC. The firm purchased 144,704 shares of the real estate investment trust’s stock, valued at approximately $5,000,000.
Norges Bank owned 0.32% of LTC Properties at the end of the most recent quarter. Several other institutional investors and hedge funds also recently made changes to their positions in the business.
JPMorgan Chase & Co. boosted its holdings in shares of LTC Properties by 32.7% during the 4th quarter.
JPMorgan Chase & Co. now owns 336,734 shares of the real estate investment trust’s stock worth $11,634,000 after buying an additional 82,927 shares in the last quarter. Mitsubishi UFJ Asset Management Co.
Ltd. lifted its position in shares of LTC Properties by 9.6% during the 4th quarter.
Mitsubishi UFJ Asset Management Co. Ltd. now owns 29,647 shares of the real estate investment trust’s stock valued at $1,016,000 after acquiring an additional 2,586 shares during the period.
Vanguard Group Inc. boosted its stake in LTC Properties by 0.6% during the fourth quarter.
Vanguard Group Inc. now owns 6,960,934 shares of the real estate investment trust’s stock worth $240,500,000 after acquiring an additional 39,470 shares in the last quarter. Bridge City Capital LLC grew its holdings in LTC Properties by 0.
9% in the fourth quarter. Bridge City Capital LLC now owns 44,481 shares of the real estate investment trust’s stock worth $1,537,000 after purchasing an additional 391 shares during the period. Finally, LPL Financial LLC increased its stake in LTC Properties by 4.
4% in the fourth quarter. LPL Financial LLC now owns 46,361 shares of the real estate investment trust’s stock valued at $1,602,000 after purchasing an additional 1,958 shares in the last quarter. Institutional investors own 69.
25% of the company’s stock. LTC Properties Price PerformanceShares of LTC Properties stock opened at $33.92 on Thursday.
The company has a debt-to-equity ratio of 0.75, a quick ratio of 11.60 and a current ratio of 11.
60. The stock has a market capitalization of $1.54 billion, a price-to-earnings ratio of 14.
56 and a beta of 0.74. The company has a fifty day moving average of $34.
84 and a 200-day moving average of $35.79. LTC Properties, Inc.
has a 52-week low of $31.14 and a 52-week 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 earnings per share for the quarter, topping 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 company had revenue of $34.
81 million during the quarter, compared to analyst estimates of $45.25 million. Equities research analysts expect that LTC Properties, Inc.
will post 2.79 EPS for the current year. LTC Properties Announces DividendThe business also recently declared 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 annualized dividend and a dividend yield of 6.72%. The ex-dividend date is Friday, June 20th.
LTC Properties’s dividend payout ratio is presently 111.22%. Wall Street Analysts Forecast GrowthA number of equities analysts recently issued reports on LTC shares.
JMP Securities upgraded LTC Properties from a “market perform” rating to an “outperform” rating and set a $40.00 target price on the stock in a report on Tuesday, January 7th. Citizens Jmp raised LTC Properties from a “hold” rating to a “strong-buy” rating in a report on Tuesday, January 7th.
Finally, Wells Fargo & Company lowered their price objective 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.
View Our Latest Stock Report on LTCLTC Properties Profile (Free Report)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.See AlsoFive stocks we like better than LTC PropertiesUnveiling The Power Of VWAP: A Key Indicator For TradersQuantum Computing: The $6.5 Billion Opportunity You Can’t IgnoreDo Real Estate Investment Trusts Deserve a Place in Your Portfolio?Are Tariffs Threatening Disney’s Comeback Story?Stock Dividend Cuts Happen Are You Ready?Is Alphabet a Generational Buying Opportunity at These Levels?Want to see what other hedge funds are holding LTC? Visit HoldingsChannel.
com to get the latest 13F filings and insider trades for LTC Properties, Inc. (NYSE:LTC – Free Report)..
