Rhumbline Advisers Has $4.85 Million Stake in LTC Properties, Inc. (NYSE:LTC)

Rhumbline Advisers grew its holdings in LTC Properties, Inc. (NYSE:LTC) by 1.4% during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 140,380 shares of the real estate investment trust’s stock after purchasing an additional 1,915 shares during the period. Rhumbline Advisers owned about 0.31% of LTC Properties worth $4,850,000 at the end of the most recent quarter.

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

LTC Properties Stock Up 0.2 %

Shares of NYSE:LTC opened at $34.79 on Friday. The company has a debt-to-equity ratio of 0.75, a current ratio of 11.60 and a quick ratio of 11.60. The company has a market capitalization of $1.57 billion, a PE ratio of 14.93 and a beta of 0.93. LTC Properties, Inc. has a 1 year low of $31.14 and a 1 year high of $39.89. The business has a fifty day moving average price of $34.43 and a two-hundred day moving average price of $36.10.

LTC Properties (NYSE:LTC) last issued its quarterly earnings data on Monday, February 24th. The real estate investment trust reported $0.72 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.65 by $0.07. The business had revenue of $34.81 million for the quarter, compared to analysts’ expectations of $45.25 million. LTC Properties had a return on equity of 10.49% and a net margin of 48.77%. Analysts forecast that LTC Properties, Inc. will post 2.79 earnings per share for the current year.

LTC Properties Announces Dividend

The firm also recently declared a jan 25 dividend, which will be paid on Monday, March 31st. Shareholders of record on Friday, March 21st will be issued a $0.19 dividend. The ex-dividend date of this dividend is Friday, March 21st. This represents a dividend yield of 6.45%. LTC Properties’s payout ratio is currently 111.22%.

Insider Buying and Selling at LTC Properties

In other news, Director David L. Gruber bought 3,000 shares of the business’s stock in a transaction on Wednesday, December 11th. The stock was acquired at an average price of $37.16 per share, with a total value of $111,480.00. Following the completion of the purchase, the director now directly owns 21,516 shares in the company, valued at $799,534.56. This represents a 16.20 % increase in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. 2.00% of the stock is currently owned by company insiders.

Analyst Ratings Changes

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

LTC Properties 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.