Dimensional Fund Advisors LP increased its position in LTC Properties Inc (NYSE:LTC) by 0.8% in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 624,447 shares of the real estate investment trust’s stock after buying an additional 5,184 shares during the quarter. Dimensional Fund Advisors LP owned 1.57% of LTC Properties worth $27,543,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
Other large investors have also recently added to or reduced their stakes in the company. Stratos Wealth Partners LTD. bought a new stake in LTC Properties in the 3rd quarter worth approximately $106,000. Advisory Services Network LLC lifted its position in LTC Properties by 11,804.8% in the 3rd quarter. Advisory Services Network LLC now owns 2,500 shares of the real estate investment trust’s stock worth $110,000 after buying an additional 2,479 shares during the last quarter. Sawtooth Solutions LLC bought a new stake in LTC Properties in the 3rd quarter worth approximately $201,000. Xact Kapitalforvaltning AB lifted its position in LTC Properties by 14.2% in the 3rd quarter. Xact Kapitalforvaltning AB now owns 10,430 shares of the real estate investment trust’s stock worth $460,000 after buying an additional 1,300 shares during the last quarter. Finally, Campbell & CO Investment Adviser LLC bought a new stake in LTC Properties in the 3rd quarter worth approximately $464,000. Institutional investors own 75.10% of the company’s stock.
Shares of LTC Properties stock opened at $42.64 on Wednesday. The company has a debt-to-equity ratio of 0.81, a quick ratio of 8.91 and a current ratio of 8.91. The company has a market capitalization of $1.64 billion, a price-to-earnings ratio of 13.75, a P/E/G ratio of 3.35 and a beta of 0.32. LTC Properties Inc has a one year low of $34.46 and a one year high of $47.07.
LTC Properties (NYSE:LTC) last announced its quarterly earnings results on Monday, November 5th. The real estate investment trust reported $0.88 EPS for the quarter, topping the Zacks’ consensus estimate of $0.75 by $0.13. The business had revenue of $34.21 million for the quarter, compared to analysts’ expectations of $34.12 million. LTC Properties had a return on equity of 18.31% and a net margin of 86.31%. As a group, equities analysts expect that LTC Properties Inc will post 3.04 EPS for the current fiscal year.
The business also recently declared a monthly dividend, which will be paid on Thursday, February 28th. Shareholders of record on Wednesday, February 20th will be paid a $0.19 dividend. The ex-dividend date is Tuesday, February 19th. This represents a $2.28 dividend on an annualized basis and a yield of 5.35%. LTC Properties’s dividend payout ratio (DPR) is currently 73.55%.
A number of research firms recently weighed in on LTC. BMO Capital Markets restated a “sell” rating and issued a $40.00 target price on shares of LTC Properties in a research report on Thursday, December 6th. Zacks Investment Research upgraded LTC Properties from a “sell” rating to a “hold” rating in a research report on Saturday, November 10th. Finally, Royal Bank of Canada restated a “sell” rating and issued a $40.00 target price on shares of LTC Properties in a research report on Tuesday, November 20th. Two research analysts have rated the stock with a sell rating, four have issued a hold rating and one has given a buy rating to the company’s stock. LTC Properties has a consensus rating of “Hold” and an average target price of $43.00.
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About LTC Properties
LTC is a self-administered real estate investment trust that primarily invests in seniors housing and health care properties primarily through sale-leaseback transactions, mortgage financing and structured finance solutions including mezzanine lending. At September 30, 2018, LTC had 199 investments located in 28 states, comprising 103 assisted living communities, 95 skilled nursing centers and 1 behavioral health care hospital.
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