Macquarie Group Ltd. raised its stake in LTC Properties, Inc. (NYSE:LTC) by 18.3% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 16,125 shares of the real estate investment trust’s stock after buying an additional 2,500 shares during the period. Macquarie Group Ltd.’s holdings in LTC Properties were worth $200,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors also recently added to or reduced their stakes in LTC. New York State Common Retirement Fund boosted its position in LTC Properties by 3.1% in the 3rd quarter. New York State Common Retirement Fund now owns 43,400 shares of the real estate investment trust’s stock valued at $2,039,000 after buying an additional 1,300 shares during the period. SG Americas Securities LLC raised its holdings in shares of LTC Properties by 130.6% in the 3rd quarter. SG Americas Securities LLC now owns 6,308 shares of the real estate investment trust’s stock valued at $296,000 after purchasing an additional 3,573 shares in the last quarter. Wells Fargo & Company MN raised its holdings in shares of LTC Properties by 13.1% in the 3rd quarter. Wells Fargo & Company MN now owns 116,698 shares of the real estate investment trust’s stock valued at $5,483,000 after purchasing an additional 13,488 shares in the last quarter. Schwab Charles Investment Management Inc. raised its holdings in shares of LTC Properties by 7.4% in the 3rd quarter. Schwab Charles Investment Management Inc. now owns 396,873 shares of the real estate investment trust’s stock valued at $18,646,000 after purchasing an additional 27,398 shares in the last quarter. Finally, Dimensional Fund Advisors LP raised its holdings in shares of LTC Properties by 4.0% in the 3rd quarter. Dimensional Fund Advisors LP now owns 580,158 shares of the real estate investment trust’s stock valued at $27,256,000 after purchasing an additional 22,325 shares in the last quarter. 80.14% of the stock is owned by institutional investors.

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NYSE LTC opened at $36.82 on Tuesday. The company has a debt-to-equity ratio of 0.88, a current ratio of 8.25 and a quick ratio of 8.25. The company has a market cap of $1,445.26, a P/E ratio of 11.88, a PEG ratio of 3.01 and a beta of 0.11. LTC Properties, Inc. has a 52 week low of $36.10 and a 52 week high of $52.85.

LTC Properties (NYSE:LTC) last posted its quarterly earnings data on Thursday, March 1st. The real estate investment trust reported $0.50 EPS for the quarter, missing the consensus estimate of $0.75 by ($0.25). The firm had revenue of $41.73 million for the quarter, compared to the consensus estimate of $33.28 million. LTC Properties had a return on equity of 11.52% and a net margin of 51.86%. research analysts forecast that LTC Properties, Inc. will post 3.03 earnings per share for the current fiscal year.

The company also recently disclosed a monthly dividend, which will be paid on Friday, June 29th. Investors of record on Thursday, June 21st will be paid a dividend of $0.19 per share. The ex-dividend date of this dividend is Wednesday, June 20th. This represents a $2.28 annualized dividend and a dividend yield of 6.19%. LTC Properties’s dividend payout ratio (DPR) is presently 73.55%.

Several equities research analysts have recently commented on LTC shares. Zacks Investment Research upgraded shares of LTC Properties from a “hold” rating to a “buy” rating and set a $47.00 price target for the company in a report on Thursday, January 11th. Cantor Fitzgerald restated a “buy” rating and issued a $52.00 price target on shares of LTC Properties in a report on Thursday, March 1st. TheStreet lowered shares of LTC Properties from a “b-” rating to a “c+” rating in a report on Tuesday, February 27th. Stifel Nicolaus set a $40.00 price target on shares of LTC Properties and gave the company a “hold” rating in a report on Thursday, March 1st. Finally, ValuEngine lowered shares of LTC Properties from a “buy” rating to a “hold” rating in a report on Friday, February 2nd. One investment analyst has rated the stock with a sell rating, eight have assigned a hold rating and three have given a buy rating to the stock. LTC Properties has a consensus rating of “Hold” and a consensus target price of $46.25.

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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 December 31, 2017, LTC had 202 investments located in 29 states comprising 105 assisted living communities, 96 skilled nursing centers and 1 behavioral health care hospital.

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

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