Shelton Capital Management purchased a new position in shares of LTC Properties, Inc. (NYSE:LTC) in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 3,932 shares of the real estate investment trust’s stock, valued at approximately $202,000.

Other institutional investors and hedge funds have also bought and sold shares of the company. Summit Global Investments raised its stake in shares of LTC Properties by 30.8% during the second quarter. Summit Global Investments now owns 10,200 shares of the real estate investment trust’s stock worth $524,000 after buying an additional 2,400 shares during the last quarter. BNP Paribas Arbitrage SA raised its stake in shares of LTC Properties by 20.1% during the second quarter. BNP Paribas Arbitrage SA now owns 26,031 shares of the real estate investment trust’s stock worth $1,338,000 after buying an additional 4,349 shares during the last quarter. AXA raised its stake in shares of LTC Properties by 57.4% during the second quarter. AXA now owns 82,265 shares of the real estate investment trust’s stock worth $4,228,000 after buying an additional 30,000 shares during the last quarter. Renaissance Technologies LLC bought a new stake in shares of LTC Properties during the first quarter worth approximately $1,068,000. Finally, Stifel Financial Corp raised its stake in shares of LTC Properties by 8.8% during the first quarter. Stifel Financial Corp now owns 11,068 shares of the real estate investment trust’s stock worth $529,000 after buying an additional 899 shares during the last quarter. 81.14% of the stock is owned by institutional investors and hedge funds.

A number of equities research analysts recently weighed in on LTC shares. Royal Bank Of Canada reissued a “hold” rating and set a $50.00 price target on shares of LTC Properties in a research note on Tuesday, June 27th. Mizuho reissued a “neutral” rating on shares of LTC Properties in a research note on Wednesday, June 28th. BidaskClub raised shares of LTC Properties from a “hold” rating to a “buy” rating in a research note on Wednesday, June 28th. Stifel Nicolaus reissued a “hold” rating and set a $50.00 price target on shares of LTC Properties in a research note on Friday, July 28th. Finally, Zacks Investment Research downgraded shares of LTC Properties from a “hold” rating to a “sell” rating in a research note on Tuesday, August 1st. One analyst has rated the stock with a sell rating, eight have given a hold rating and three have issued a buy rating to the stock. The company currently has a consensus rating of “Hold” and a consensus price target of $50.50.

LTC Properties, Inc. (LTC) opened at 47.34 on Friday. LTC Properties, Inc. has a one year low of $43.17 and a one year high of $52.85. The firm has a market cap of $1.87 billion, a PE ratio of 20.81 and a beta of 0.16. The company’s 50-day moving average is $47.61 and its 200-day moving average is $48.84.

LTC Properties (NYSE:LTC) last released its quarterly earnings results on Wednesday, August 9th. The real estate investment trust reported $0.79 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.78 by $0.01. LTC Properties had a net margin of 53.36% and a return on equity of 11.99%. The firm had revenue of $42.47 million during the quarter, compared to analyst estimates of $35.08 million. On average, analysts forecast that LTC Properties, Inc. will post $2.18 earnings per share for the current fiscal year.

The company also recently declared a monthly dividend, which will be paid on Thursday, November 30th. Shareholders of record on Wednesday, November 22nd will be issued a dividend of $0.19 per share. The ex-dividend date of this dividend is Tuesday, November 21st. This represents a $2.28 annualized dividend and a yield of 4.82%. LTC Properties’s payout ratio is 100.00%.

ILLEGAL ACTIVITY WARNING: “Shelton Capital Management Purchases Shares of 3,932 LTC Properties, Inc. (LTC)” was posted by Daily Political and is the property of of Daily Political. If you are reading this article on another domain, it was illegally copied and republished in violation of U.S. & international copyright laws. The legal version of this article can be accessed at https://www.dailypolitical.com/2017/10/21/shelton-capital-management-purchases-shares-of-3932-ltc-properties-inc-ltc.html.

About LTC Properties

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).

Want to see what other hedge funds are holding LTC? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for LTC Properties, Inc. (NYSE:LTC).

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

Receive News & Ratings for LTC Properties Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for LTC Properties Inc. and related companies with MarketBeat.com's FREE daily email newsletter.