We Are One Seven LLC bought a new stake in shares of LTC Properties Inc (NYSE:LTC) in the fourth quarter, HoldingsChannel reports. The institutional investor bought 667 shares of the real estate investment trust’s stock, valued at approximately $27,000.
Other large investors also recently added to or reduced their stakes in the company. Dubuque Bank & Trust Co. lifted its position in shares of LTC Properties by 665.0% during the 4th quarter. Dubuque Bank & Trust Co. now owns 1,224 shares of the real estate investment trust’s stock valued at $51,000 after acquiring an additional 1,064 shares during the period. IFP Advisors Inc lifted its position in shares of LTC Properties by 15.3% during the 4th quarter. IFP Advisors Inc now owns 2,363 shares of the real estate investment trust’s stock valued at $99,000 after acquiring an additional 313 shares during the period. Stratos Wealth Partners LTD. bought a new stake in shares of LTC Properties during the 3rd quarter valued at $106,000. Advisory Services Network LLC lifted its position in shares of LTC Properties by 11,804.8% during the 3rd quarter. Advisory Services Network LLC now owns 2,500 shares of the real estate investment trust’s stock valued at $110,000 after acquiring an additional 2,479 shares during the period. Finally, Contravisory Investment Management Inc. bought a new stake in shares of LTC Properties during the 4th quarter valued at $135,000. Hedge funds and other institutional investors own 75.12% of the company’s stock.
LTC traded down $0.34 on Wednesday, reaching $46.68. The stock had a trading volume of 325 shares, compared to its average volume of 160,902. LTC Properties Inc has a fifty-two week low of $34.46 and a fifty-two week high of $47.57. The company has a quick ratio of 8.91, a current ratio of 8.91 and a debt-to-equity ratio of 0.81. The stock has a market cap of $1.85 billion, a PE ratio of 15.14, a PEG ratio of 3.82 and a beta of 0.50.
LTC Properties (NYSE:LTC) last issued its earnings results on Monday, November 5th. The real estate investment trust reported $0.88 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.75 by $0.13. LTC Properties had a return on equity of 18.31% and a net margin of 86.31%. The business had revenue of $34.21 million during the quarter, compared to analysts’ expectations of $34.12 million. On average, equities research analysts expect that LTC Properties Inc will post 3.04 EPS for the current year.
The company also recently announced a monthly dividend, which will be paid on Thursday, February 28th. Shareholders of record on Wednesday, February 20th will be issued 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 4.88%. LTC Properties’s payout ratio is presently 73.55%.
A number of analysts have recently weighed in on LTC shares. Royal Bank of Canada reiterated a “sell” rating and set a $40.00 target price on shares of LTC Properties in a research report on Tuesday, November 20th. BMO Capital Markets reissued a “sell” rating and set a $40.00 price target on shares of LTC Properties in a report on Thursday, December 6th. Finally, Zacks Investment Research cut LTC Properties from a “hold” rating to a “sell” rating in a report on Tuesday, October 16th. Two analysts have rated the stock with a sell rating, four have assigned a hold rating and one has assigned a buy rating to the stock. The stock currently has an average rating of “Hold” and a consensus price target of $43.00.
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LTC Properties Profile
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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