UBS Asset Management Americas Inc. lifted its stake in shares of LTC Properties Inc (NYSE:LTC) by 16.4% during the 4th quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 90,526 shares of the real estate investment trust’s stock after purchasing an additional 12,737 shares during the quarter. UBS Asset Management Americas Inc. owned 0.23% of LTC Properties worth $3,942,000 as of its most recent SEC filing.
Several other institutional investors and hedge funds also recently added to or reduced their stakes in LTC. First Trust Advisors LP grew its holdings in shares of LTC Properties by 7.2% during the 3rd quarter. First Trust Advisors LP now owns 130,039 shares of the real estate investment trust’s stock worth $6,109,000 after purchasing an additional 8,699 shares in the last quarter. Stevens Capital Management LP acquired a new stake in shares of LTC Properties during the 3rd quarter worth $429,000. BNP Paribas Arbitrage SA grew its holdings in shares of LTC Properties by 29.5% during the 3rd quarter. BNP Paribas Arbitrage SA now owns 33,700 shares of the real estate investment trust’s stock worth $1,583,000 after purchasing an additional 7,669 shares in the last quarter. Intrust Bank NA acquired a new stake in shares of LTC Properties during the 3rd quarter worth $232,000. Finally, New York State Common Retirement Fund grew its holdings in shares of LTC Properties by 3.1% during the 3rd quarter. New York State Common Retirement Fund now owns 43,400 shares of the real estate investment trust’s stock worth $2,039,000 after purchasing an additional 1,300 shares in the last quarter. 80.18% of the stock is currently owned by institutional investors.
Shares of LTC Properties Inc (NYSE:LTC) opened at $39.04 on Wednesday. The company has a current ratio of 8.25, a quick ratio of 8.25 and a debt-to-equity ratio of 0.88. LTC Properties Inc has a 1 year low of $36.90 and a 1 year high of $52.85. The firm has a market capitalization of $1,577.23, a price-to-earnings ratio of 12.84, a P/E/G ratio of 3.27 and a beta of 0.17.
The company also recently announced a monthly dividend, which was paid on Wednesday, February 28th. Shareholders of record on Tuesday, February 20th were given a $0.19 dividend. The ex-dividend date of this dividend was Friday, February 16th. This represents a $2.28 annualized dividend and a yield of 5.84%. LTC Properties’s dividend payout ratio is presently 103.64%.
LTC has been the topic of several analyst reports. Zacks Investment Research raised LTC Properties from a “hold” rating to a “buy” rating and set a $47.00 target price on the stock in a report on Thursday, January 11th. Royal Bank of Canada set a $43.00 price objective on LTC Properties and gave the stock a “hold” rating in a research report on Tuesday, March 6th. Cantor Fitzgerald restated a “buy” rating and set a $52.00 price objective on shares of LTC Properties in a research report on Thursday, March 1st. TheStreet downgraded LTC Properties from a “b-” rating to a “c+” rating in a research report on Tuesday, February 27th. Finally, ValuEngine downgraded LTC Properties from a “buy” rating to a “hold” rating in a research report on Sunday, December 31st. One research analyst has rated the stock with a sell rating, eight have issued a hold rating and three have assigned a buy rating to the stock. The stock has a consensus rating of “Hold” and a consensus price target of $46.88.
In other LTC Properties news, Director Timothy Triche sold 2,720 shares of the stock in a transaction dated Thursday, December 28th. The stock was sold at an average price of $43.35, for a total value of $117,912.00. Following the completion of the transaction, the director now directly owns 34,656 shares in the company, valued at $1,502,337.60. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Boyd W. Hendrickson sold 1,500 shares of the stock in a transaction dated Monday, December 18th. The shares were sold at an average price of $47.07, for a total value of $70,605.00. The disclosure for this sale can be found here. Insiders sold 9,727 shares of company stock valued at $436,470 over the last quarter. Corporate insiders own 1.50% of the company’s stock.
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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