Thrivent Financial for Lutherans Acquires 831 Shares of LTC Properties, Inc. (NYSE:LTC)

Thrivent Financial for Lutherans lifted its stake in shares of LTC Properties, Inc. (NYSE:LTC) by 2.4% during the 4th quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 34,984 shares of the real estate investment trust’s stock after purchasing an additional 831 shares during the quarter. Thrivent Financial for Lutherans owned 0.08% of LTC Properties worth $1,209,000 as of its most recent SEC filing.

Several other hedge funds have also recently bought and sold shares of LTC. State Street Corp raised its holdings in shares of LTC Properties by 5.8% during the 3rd quarter. State Street Corp now owns 3,305,037 shares of the real estate investment trust’s stock worth $121,262,000 after buying an additional 181,973 shares in the last quarter. Geode Capital Management LLC increased its stake in shares of LTC Properties by 0.7% in the third quarter. Geode Capital Management LLC now owns 1,125,020 shares of the real estate investment trust’s stock valued at $41,284,000 after buying an additional 8,351 shares during the period. Bank of New York Mellon Corp raised its holdings in LTC Properties by 6.1% during the 4th quarter. Bank of New York Mellon Corp now owns 962,651 shares of the real estate investment trust’s stock worth $33,260,000 after purchasing an additional 55,254 shares during the last quarter. Charles Schwab Investment Management Inc. lifted its holdings in LTC Properties by 9.0% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 822,724 shares of the real estate investment trust’s stock valued at $28,425,000 after buying an additional 68,212 shares during the period. Finally, Strategic Financial Concepts LLC lifted its stake in shares of LTC Properties by 3,358.4% in the 4th quarter. Strategic Financial Concepts LLC now owns 658,026 shares of the real estate investment trust’s stock valued at $22,735,000 after purchasing an additional 638,999 shares during the period. 69.25% of the stock is owned by institutional investors.

LTC Properties Stock Up 0.7 %

Shares of NYSE LTC opened at $35.48 on Tuesday. The stock has a market capitalization of $1.61 billion, a PE ratio of 15.23 and a beta of 0.96. LTC Properties, Inc. has a one year low of $31.14 and a one year high of $39.89. 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 business’s fifty day moving average price is $34.89 and its 200-day moving average price is $35.95.

LTC Properties (NYSE:LTC) last posted its earnings results 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. The firm had revenue of $34.81 million for the quarter, compared to the consensus estimate of $45.25 million. LTC Properties had a return on equity of 10.49% and a net margin of 48.77%. On average, equities research analysts anticipate that LTC Properties, Inc. will post 2.79 EPS for the current year.

LTC Properties Dividend Announcement

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

Wall Street Analysts Forecast Growth

LTC has been the topic of several research analyst reports. JMP Securities raised shares of LTC Properties from a “market perform” rating to an “outperform” rating and set a $40.00 target price on the stock in a research note on Tuesday, January 7th. 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 research report on Monday, March 10th. Finally, Citizens Jmp raised LTC Properties from a “hold” rating to a “strong-buy” rating in a 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.