LTC Properties, Inc. (NYSE:LTC) Shares Bought by Charles Schwab Investment Management Inc.

Charles Schwab Investment Management Inc. raised its position in shares of LTC Properties, Inc. (NYSE:LTC) by 9.0% during the 4th quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 822,724 shares of the real estate investment trust’s stock after purchasing an additional 68,212 shares during the quarter. Charles Schwab Investment Management Inc. owned 1.82% of LTC Properties worth $28,425,000 at the end of the most recent reporting period.

Several other large investors have also added to or reduced their stakes in LTC. GAMMA Investing LLC boosted its stake in shares of LTC Properties by 35.3% in the fourth quarter. GAMMA Investing LLC now owns 2,443 shares of the real estate investment trust’s stock worth $84,000 after buying an additional 638 shares during the last quarter. FMR LLC boosted its stake in shares of LTC Properties by 132.7% in the third quarter. FMR LLC now owns 2,899 shares of the real estate investment trust’s stock worth $106,000 after buying an additional 1,653 shares during the last quarter. Mutual of America Capital Management LLC boosted its stake in shares of LTC Properties by 4.8% in the fourth quarter. Mutual of America Capital Management LLC now owns 6,856 shares of the real estate investment trust’s stock worth $237,000 after buying an additional 314 shares during the last quarter. Sanctuary Advisors LLC purchased a new stake in shares of LTC Properties in the third quarter worth about $270,000. Finally, Los Angeles Capital Management LLC purchased a new stake in shares of LTC Properties in the fourth quarter worth about $250,000. Hedge funds and other institutional investors own 69.25% of the company’s stock.

LTC Properties Trading Up 0.0 %

LTC opened at $35.97 on Tuesday. LTC Properties, Inc. has a 52 week low of $31.14 and a 52 week high of $39.89. The business has a fifty day simple moving average of $34.68 and a 200-day simple moving average of $36.07. The firm has a market cap of $1.63 billion, a P/E ratio of 15.44 and a beta of 0.96. The company has a quick ratio of 11.60, a current ratio of 11.60 and a debt-to-equity ratio of 0.75.

LTC Properties (NYSE:LTC) last released its earnings results on Monday, February 24th. The real estate investment trust reported $0.72 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.65 by $0.07. LTC Properties had a return on equity of 10.49% and a net margin of 48.77%. The firm had revenue of $34.81 million during the quarter, compared to analyst estimates of $45.25 million. On average, equities analysts expect that LTC Properties, Inc. will post 2.79 earnings per share for the current year.

LTC Properties Dividend Announcement

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 paid a $0.19 dividend. This represents a yield of 6.45%. The ex-dividend date is Friday, March 21st. LTC Properties’s dividend payout ratio is presently 111.22%.

Analyst Upgrades and Downgrades

A number of equities analysts have issued reports on the company. Wells Fargo & Company lowered their price target on LTC Properties from $38.00 to $36.00 and set an “equal weight” rating on the stock in a research report on Monday, March 10th. Citizens Jmp raised LTC Properties from a “hold” rating to a “strong-buy” rating in a report on Tuesday, January 7th. Finally, JMP Securities raised LTC Properties from a “market perform” rating to an “outperform” rating and set a $40.00 target price for the company in a report on Tuesday, January 7th.

About LTC Properties

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.