Asset Management One Co. Ltd. Cuts Stock Holdings in LTC Properties, Inc. (NYSE:LTC)

Asset Management One Co. Ltd. lowered its stake in shares of LTC Properties, Inc. (NYSE:LTC) by 0.4% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 115,661 shares of the real estate investment trust’s stock after selling 511 shares during the period. Asset Management One Co. Ltd. owned approximately 0.26% of LTC Properties worth $3,981,000 at the end of the most recent reporting period.

Other large investors also recently bought and sold shares of the company. Barclays PLC raised its stake in LTC Properties by 148.8% during the third quarter. Barclays PLC now owns 87,972 shares of the real estate investment trust’s stock worth $3,228,000 after purchasing an additional 52,619 shares during the period. JPMorgan Chase & Co. increased its position in shares of LTC Properties by 80.4% in the third quarter. JPMorgan Chase & Co. now owns 253,807 shares of the real estate investment trust’s stock worth $9,312,000 after acquiring an additional 113,100 shares in the last quarter. Principal Financial Group Inc. increased its position in shares of LTC Properties by 6.9% in the third quarter. Principal Financial Group Inc. now owns 229,176 shares of the real estate investment trust’s stock worth $8,408,000 after acquiring an additional 14,778 shares in the last quarter. Charles Schwab Investment Management Inc. increased its position in shares of LTC Properties by 4.2% in the third quarter. Charles Schwab Investment Management Inc. now owns 754,512 shares of the real estate investment trust’s stock worth $27,683,000 after acquiring an additional 30,422 shares in the last quarter. Finally, Intech Investment Management LLC acquired a new stake in shares of LTC Properties in the third quarter worth $679,000. Hedge funds and other institutional investors own 69.25% of the company’s stock.

Insider Activity at LTC Properties

In related news, Director David L. Gruber acquired 3,000 shares of LTC Properties stock in a transaction on Wednesday, December 11th. The shares were purchased at an average cost of $37.16 per share, for a total transaction of $111,480.00. Following the purchase, the director now directly owns 21,516 shares of the company’s stock, valued at $799,534.56. The trade was a 16.20 % increase in their position. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Company insiders own 2.00% of the company’s stock.

LTC Properties Price Performance

LTC opened at $34.87 on Thursday. The company has a fifty day simple moving average of $34.61 and a 200 day simple moving average of $36.14. The firm has a market cap of $1.58 billion, a price-to-earnings ratio of 14.97 and a beta of 0.93. LTC Properties, Inc. has a twelve month low of $31.14 and a twelve month high of $39.89. The company has a current ratio of 11.60, a quick ratio of 11.60 and a debt-to-equity ratio of 0.75.

LTC Properties Dividend Announcement

The company also recently declared a jan 25 dividend, which will be paid on Monday, March 31st. Investors of record on Friday, March 21st will be issued a dividend of $0.19 per share. This represents a yield of 6.45%. The ex-dividend date is Friday, March 21st. LTC Properties’s payout ratio is 97.85%.

Wall Street Analyst Weigh In

Several equities research analysts have recently issued reports on LTC shares. JMP Securities raised shares of LTC Properties from a “market perform” rating to an “outperform” rating and set a $40.00 price objective for the company in a research report on Tuesday, January 7th. Citizens Jmp raised shares of LTC Properties from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, January 7th.

LTC Properties Company Profile

LTC Properties, Inc is a real estate investment trust, which engages in managing seniors housing and health care properties. It operates through the Texas, Michigan, Florida, Wisconsin, Colorado, and Remaining States geographic segments. The company was founded by Andre C. Dimitriadis on May 12, 1992 and is headquartered in Westlake Village, CA.