LTC Properties Inc (LTC) Stake Decreased by Uniplan Investment Counsel Inc.
Uniplan Investment Counsel Inc. trimmed its stake in shares of LTC Properties Inc (NYSE:LTC) by 14.0% in the third quarter, according to the company in its most recent filing with the SEC. The firm owned 574,665 shares of the real estate investment trust’s stock after selling 93,638 shares during the quarter. LTC Properties comprises about 1.5% of Uniplan Investment Counsel Inc.’s portfolio, making the stock its 25th biggest holding. Uniplan Investment Counsel Inc. owned approximately 1.45% of LTC Properties worth $25,348,000 as of its most recent filing with the SEC.
Other large investors also recently added to or reduced their stakes in the company. 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 raised its holdings 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 worth $110,000 after buying an additional 2,479 shares in the last quarter. Itau Unibanco Holding S.A. acquired a new position in shares of LTC Properties during the 2nd quarter worth $191,000. Fort Washington Investment Advisors Inc. OH acquired a new position in shares of LTC Properties during the 2nd quarter worth $201,000. Finally, Sawtooth Solutions LLC acquired a new position in shares of LTC Properties during the 3rd quarter worth $201,000. Hedge funds and other institutional investors own 75.62% of the company’s stock.
LTC traded down $0.11 on Tuesday, reaching $45.55. The stock had a trading volume of 146,000 shares, compared to its average volume of 236,370. LTC Properties Inc has a fifty-two week low of $34.46 and a fifty-two week high of $49.59. 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 $1.81 billion, a PE ratio of 14.69, a PEG ratio of 3.79 and a beta of 0.10.
The company also recently announced a dividend, which will be paid on Friday, November 30th. Shareholders of record on Wednesday, November 21st will be issued a $0.19 dividend. The ex-dividend date of this dividend is Tuesday, November 20th. LTC Properties’s payout ratio is presently 73.55%.
A number of equities analysts have recently commented on LTC shares. Zacks Investment Research cut LTC Properties from a “hold” rating to a “sell” rating in a report on Tuesday, October 16th. ValuEngine raised LTC Properties from a “sell” rating to a “hold” rating in a report on Wednesday, August 15th. Stifel Nicolaus set a $43.00 price target on LTC Properties and gave the stock a “hold” rating in a report on Thursday, August 9th. Finally, Cantor Fitzgerald reissued a “buy” rating and set a $46.00 price target (up previously from $45.00) on shares of LTC Properties in a report on Thursday, August 9th. Two equities research analysts have rated the stock with a sell rating, four have issued a hold rating and one has given a buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and a consensus price target of $42.50.
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LTC Properties Profile
LTC Properties (NYSE: 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 preferred equity and mezzanine lending. At June 30, 2018, LTC had 199 investments located in 28 states comprising 102 assisted living communities, 96 skilled nursing centers and one behavioral health care hospital.
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