LTC Properties, Inc. (NYSE:LTC) Shares Sold by Guggenheim Capital LLC

Guggenheim Capital LLC reduced its holdings in shares of LTC Properties, Inc. (NYSE:LTC) by 75.9% in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 12,887 shares of the real estate investment trust’s stock after selling 40,570 shares during the quarter. Guggenheim Capital LLC’s holdings in LTC Properties were worth $445,000 as of its most recent filing with the SEC.

A number of other hedge funds have also made changes to their positions in the business. Stifel Financial Corp acquired a new position in LTC Properties in the third quarter valued at approximately $283,000. Barclays PLC lifted its position in shares of LTC Properties by 148.8% during the 3rd quarter. Barclays PLC now owns 87,972 shares of the real estate investment trust’s stock worth $3,228,000 after buying an additional 52,619 shares during the last quarter. Sanctuary Advisors LLC purchased a new stake in shares of LTC Properties during the 3rd quarter worth approximately $270,000. Principal Financial Group Inc. boosted its holdings 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 buying an additional 14,778 shares in the last quarter. Finally, JPMorgan Chase & Co. grew its position 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 buying an additional 113,100 shares during the last quarter. Hedge funds and other institutional investors own 69.25% of the company’s stock.

Analysts Set New Price Targets

A number of equities research analysts recently weighed in on the stock. Wells Fargo & Company reduced their price target on shares of LTC Properties from $38.00 to $36.00 and set an “equal weight” rating for the company in a research report on Monday, March 10th. JMP Securities raised 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, Citizens Jmp raised LTC Properties from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, January 7th.

LTC Properties Stock Down 0.4 %

LTC stock opened at $35.39 on Friday. The company has a market cap of $1.62 billion, a price-to-earnings ratio of 15.19 and a beta of 0.74. The company has a fifty day moving average price of $35.05 and a 200 day moving average price of $35.69. The company has a debt-to-equity ratio of 0.75, a current ratio of 11.60 and a quick ratio of 11.60. LTC Properties, Inc. has a 12 month low of $31.70 and a 12 month high of $39.89.

LTC Properties (NYSE:LTC) last announced its earnings results on Monday, February 24th. The real estate investment trust reported $0.72 EPS for the quarter, beating 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 business had revenue of $34.81 million during the quarter, compared to analysts’ expectations of $45.25 million. Sell-side analysts expect that LTC Properties, Inc. will post 2.79 earnings per share for the current year.

LTC Properties Dividend Announcement

The business also recently disclosed a monthly dividend, which will be paid on Monday, June 30th. Shareholders of record on Friday, June 20th will be given a dividend of $0.19 per share. The ex-dividend date is Friday, June 20th. This represents a $2.28 dividend on an annualized basis and a yield of 6.44%. LTC Properties’s payout ratio is 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.