Dimensional Fund Advisors LP increased its position in LTC Properties, Inc. (NYSE:LTC) by 8.0% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 536,149 shares of the real estate investment trust’s stock after buying an additional 39,768 shares during the period. Dimensional Fund Advisors LP’s holdings in LTC Properties were worth $25,681,000 as of its most recent SEC filing.

Several other institutional investors also recently bought and sold shares of LTC. Waterfront Capital Partners LLC bought a new position in LTC Properties during the first quarter worth $757,000. ProShare Advisors LLC increased its position in LTC Properties by 180.0% in the first quarter. ProShare Advisors LLC now owns 19,396 shares of the real estate investment trust’s stock worth $252,000 after buying an additional 12,470 shares during the period. Victory Capital Management Inc. increased its position in LTC Properties by 31.9% in the first quarter. Victory Capital Management Inc. now owns 988,880 shares of the real estate investment trust’s stock worth $47,367,000 after buying an additional 239,198 shares during the period. Parametric Portfolio Associates LLC increased its position in LTC Properties by 7.3% in the first quarter. Parametric Portfolio Associates LLC now owns 67,776 shares of the real estate investment trust’s stock worth $3,246,000 after buying an additional 4,616 shares during the period. Finally, Nisa Investment Advisors LLC increased its position in LTC Properties by 1.6% in the first quarter. Nisa Investment Advisors LLC now owns 86,650 shares of the real estate investment trust’s stock worth $4,151,000 after buying an additional 1,400 shares during the period. 83.21% of the stock is currently owned by institutional investors and hedge funds.

LTC Properties, Inc. (NYSE:LTC) traded up 0.08% during trading on Monday, reaching $50.84. 3,107 shares of the company’s stock traded hands. The firm has a market cap of $2.01 billion, a PE ratio of 22.93 and a beta of 0.12. The firm has a 50 day moving average price of $50.89 and a 200-day moving average price of $48.37. LTC Properties, Inc. has a 12 month low of $43.17 and a 12 month high of $54.20.

LTC Properties (NYSE:LTC) last issued its quarterly earnings results on Monday, May 8th. The real estate investment trust reported $0.54 EPS for the quarter, missing the consensus estimate of $0.78 by $0.24. LTC Properties had a return on equity of 11.66% and a net margin of 52.17%. The business had revenue of $42.62 million for the quarter, compared to the consensus estimate of $34.82 million. On average, analysts forecast that LTC Properties, Inc. will post $2.21 earnings per share for the current fiscal year.

The firm also recently declared a monthly dividend, which will be paid on Thursday, August 31st. Shareholders of record on Wednesday, August 23rd will be given a dividend of $0.19 per share. The ex-dividend date of this dividend is Monday, August 21st. This represents a $2.28 annualized dividend and a yield of 4.49%. LTC Properties’s dividend payout ratio (DPR) is presently 102.70%.

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LTC has been the topic of a number of research reports. Hilliard Lyons raised shares of LTC Properties from an “underperform” rating to a “neutral” rating in a research note on Wednesday, May 10th. Zacks Investment Research downgraded shares of LTC Properties from a “hold” rating to a “sell” rating in a research report on Tuesday, August 1st. Royal Bank Of Canada reissued a “hold” rating and set a $50.00 target price on shares of LTC Properties in a research report on Tuesday, May 23rd. Stifel Nicolaus reissued a “hold” rating and set a $50.00 target price (down from $51.00) on shares of LTC Properties in a research report on Tuesday, May 9th. Finally, BMO Capital Markets reissued a “hold” rating and set a $50.00 target price on shares of LTC Properties in a research report on Tuesday, May 9th. One research analyst has rated the stock with a sell rating, seven have given a hold rating and two have issued a buy rating to the company’s stock. The stock has an average rating of “Hold” and a consensus price target of $52.60.

LTC Properties Company Profile

LTC Properties Inc is a healthcare real estate investment trust (REIT). The Company invests in senior housing and healthcare properties through sale-leaseback transactions, mortgage financing and structured finance solutions, including mezzanine lending. It invests in various properties, including Skilled nursing facilities (SNF), Assisted living facilities (ALF), Independent living facilities (ILF), Memory care facilities (MC) and Range of care facilities (ROC).

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Institutional Ownership by Quarter for LTC Properties (NYSE:LTC)

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