Commonwealth of Pennsylvania Public School Empls Retrmt SYS Acquires 7,259 Shares of LTC Properties, Inc. (NYSE:LTC)

Commonwealth of Pennsylvania Public School Empls Retrmt SYS raised its holdings in LTC Properties, Inc. (NYSE:LTC) by 43.1% during the 4th quarter, Holdings Channel reports. The institutional investor owned 24,099 shares of the real estate investment trust’s stock after acquiring an additional 7,259 shares during the quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS’s holdings in LTC Properties were worth $833,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. AlphaQuest LLC increased its position in shares of LTC Properties by 23,470.0% in the fourth quarter. AlphaQuest LLC now owns 2,357 shares of the real estate investment trust’s stock valued at $81,000 after acquiring an additional 2,347 shares during the last quarter. GAMMA Investing LLC grew its stake in LTC Properties by 35.3% in the fourth 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 in the last quarter. PNC Financial Services Group Inc. increased its position in shares of 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 during the last quarter. FMR LLC raised its stake in shares of 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 purchasing an additional 1,653 shares in the last quarter. Finally, Mutual of America Capital Management LLC boosted its holdings in shares of 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 valued at $237,000 after buying an additional 314 shares during the last quarter. 69.25% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of brokerages recently weighed in on LTC. Citizens Jmp upgraded shares of LTC Properties from a “hold” rating to a “strong-buy” rating in a report on Tuesday, January 7th. 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 note on Monday, March 10th. Finally, JMP Securities upgraded shares of LTC Properties from a “market perform” rating to an “outperform” rating and set a $40.00 target price for the company in a research note on Tuesday, January 7th.

LTC Properties Stock Up 0.4 %

LTC opened at $34.97 on Thursday. The stock’s fifty day simple moving average is $34.86 and its 200 day simple moving average is $36.00. LTC Properties, Inc. has a 1-year low of $31.14 and a 1-year high of $39.89. The stock has a market cap of $1.59 billion, a PE ratio of 15.01 and a beta of 0.96. The company has a current ratio of 11.60, a quick ratio of 11.60 and a debt-to-equity ratio of 0.75.

LTC Properties (NYSE:LTC) last issued its quarterly earnings data on Monday, February 24th. The real estate investment trust reported $0.72 earnings per share for the quarter, beating the consensus estimate of $0.65 by $0.07. The company had revenue of $34.81 million for the quarter, compared to analyst estimates of $45.25 million. LTC Properties had a net margin of 48.77% and a return on equity of 10.49%. As a group, research analysts expect that LTC Properties, Inc. will post 2.79 earnings per share for the current year.

LTC Properties Dividend Announcement

The company also recently disclosed a jan 25 dividend, which will be paid on Monday, March 31st. Stockholders of record on Friday, March 21st will be issued a dividend of $0.19 per share. This represents a dividend yield of 6.45%. The ex-dividend date of this dividend is Friday, March 21st. LTC Properties’s dividend payout ratio is presently 111.22%.

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.