1 week Ago By ABMN Staff
Sei Investments Co. lessened its holdings in shares of LTC Properties, Inc. ( NYSE:LTC – Free Report ) by 5.
5% during the 4th quarter, HoldingsChannel.com reports. The institutional investor owned 25,582 shares of the real estate investment trust’s stock after selling 1,484 shares during the quarter.
Sei Investments Co.’s holdings in LTC Properties were worth $884,000 at the end of the most recent quarter. Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company.
AlphaQuest LLC raised its position in shares of LTC Properties by 23,470.0% during the fourth 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 during the period.
GAMMA Investing LLC grew its position in shares of LTC Properties by 35.3% in the 4th quarter. GAMMA Investing LLC now owns 2,443 shares of the real estate investment trust’s stock valued at $84,000 after purchasing an additional 638 shares during the period.
PNC Financial Services Group Inc. increased its stake in LTC Properties by 28.5% during the 4th quarter.
PNC Financial Services Group Inc. now owns 2,546 shares of the real estate investment trust’s stock worth $88,000 after purchasing an additional 565 shares in the last quarter. FMR LLC raised its holdings in LTC Properties by 132.
7% during the 3rd quarter. FMR LLC now owns 2,899 shares of the real estate investment trust’s stock worth $106,000 after buying an additional 1,653 shares during the period. Finally, Mutual of America Capital Management LLC lifted its stake in LTC Properties by 4.
8% in the fourth quarter. Mutual of America Capital Management LLC now owns 6,856 shares of the real estate investment trust’s stock valued at $237,000 after buying an additional 314 shares in the last quarter. 69.
25% of the stock is currently owned by institutional investors. Wall Street Analysts Forecast Growth LTC has been the subject of several research reports. Citizens Jmp raised shares of LTC Properties from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, January 7th.
JMP Securities upgraded LTC Properties from a “market perform” rating to an “outperform” rating and set a $40.00 target price for the company in a report on Tuesday, January 7th. Finally, Wells Fargo & Company cut their price target 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 opened at $32.
77 on Wednesday. LTC Properties, Inc. has a 12 month low of $31.
14 and a 12 month high of $39.89. The company’s fifty day simple moving average is $34.
85 and its 200-day simple moving average is $35.82. The firm has a market cap of $1.
49 billion, a PE ratio of 14.06 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. LTC Properties ( NYSE:LTC – Get Free Report ) last issued its quarterly 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.
The firm had revenue of $34.81 million for the quarter, compared to analysts’ expectations of $45.25 million.
LTC Properties had a net margin of 48.77% and a return on equity of 10.49%.
Equities research analysts expect that LTC Properties, Inc. will post 2.79 EPS for the current fiscal year.
LTC Properties Announces Dividend The business also recently declared a monthly dividend, which will be paid on Monday, June 30th. Investors of record on Friday, June 20th will be given a dividend of $0.19 per share.
The ex-dividend date of this dividend is Friday, June 20th. This represents a $2.28 annualized dividend and a yield of 6.
96%. LTC Properties’s dividend payout ratio (DPR) is presently 111.22%.
LTC Properties Company 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. Read More 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.
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