Teacher Retirement System of Texas Grows Position in LTC Properties, Inc. (NYSE:LTC)

Teacher Retirement System of Texas raised its position in LTC Properties, Inc. (NYSE:LTC) by 7.2% in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 10,970 shares of the real estate investment trust’s stock after acquiring an additional 734 shares during the quarter. Teacher Retirement System of Texas’ holdings in LTC Properties were worth $379,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in LTC. AlphaQuest LLC lifted its position in shares of LTC Properties by 23,470.0% during the 4th quarter. AlphaQuest LLC now owns 2,357 shares of the real estate investment trust’s stock worth $81,000 after purchasing an additional 2,347 shares during the last quarter. GAMMA Investing LLC lifted its holdings in LTC Properties by 35.3% during the 4th 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. PNC Financial Services Group Inc. boosted its position in shares of LTC Properties by 28.5% during the 4th quarter. PNC Financial Services Group Inc. now owns 2,546 shares of the real estate investment trust’s stock worth $88,000 after acquiring an additional 565 shares in the last quarter. FMR LLC increased its holdings in shares of LTC Properties by 132.7% in the 3rd quarter. FMR LLC now owns 2,899 shares of the real estate investment trust’s stock valued at $106,000 after acquiring an additional 1,653 shares during the last quarter. Finally, Mutual of America Capital Management LLC raised its position in shares of LTC Properties by 4.8% during the 4th quarter. Mutual of America Capital Management LLC now owns 6,856 shares of the real estate investment trust’s stock worth $237,000 after acquiring an additional 314 shares in the last quarter. Institutional investors and hedge funds own 69.25% of the company’s stock.

Analyst Ratings Changes

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

LTC Properties Price Performance

LTC stock opened at $35.48 on Tuesday. The business has a 50 day simple moving average of $34.89 and a 200-day simple moving average of $35.95. The company has a market capitalization of $1.61 billion, a P/E ratio of 15.23 and a beta of 0.96. 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 (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 the consensus estimate of $0.65 by $0.07. LTC Properties had a net margin of 48.77% and a return on equity of 10.49%. The company had revenue of $34.81 million for the quarter, compared to the consensus estimate of $45.25 million. As a group, equities analysts anticipate that LTC Properties, Inc. will post 2.79 EPS for the current year.

LTC Properties Announces Dividend

The business also recently disclosed a jan 25 dividend, which was paid on Monday, March 31st. Shareholders of record on Friday, March 21st were paid a dividend of $0.19 per share. This represents a yield of 6.45%. The ex-dividend date was Friday, March 21st. LTC Properties’s dividend payout ratio is presently 111.22%.

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.