Mirae Asset Global Investments Co. Ltd. Has $42,000 Stake in LTC Properties, Inc. (NYSE:LTC)

Mirae Asset Global Investments Co. Ltd. reduced its stake in shares of LTC Properties, Inc. (NYSE:LTC) by 28.0% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 1,214 shares of the real estate investment trust’s stock after selling 473 shares during the quarter. Mirae Asset Global Investments Co. Ltd.’s holdings in LTC Properties were worth $42,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently modified their holdings of LTC. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC grew its holdings in LTC Properties by 312.3% during the third quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 332,173 shares of the real estate investment trust’s stock valued at $12,187,000 after purchasing an additional 251,609 shares during the period. State Street Corp boosted its position in shares of LTC Properties by 5.8% during the third quarter. State Street Corp now owns 3,305,037 shares of the real estate investment trust’s stock worth $121,262,000 after purchasing an additional 181,973 shares in the last quarter. JPMorgan Chase & Co. grew its holdings in shares of LTC Properties by 80.4% in the 3rd quarter. JPMorgan Chase & Co. now owns 253,807 shares of the real estate investment trust’s stock valued at $9,312,000 after buying an additional 113,100 shares during the period. Two Sigma Advisers LP increased its position in shares of LTC Properties by 33.1% in the 3rd quarter. Two Sigma Advisers LP now owns 313,100 shares of the real estate investment trust’s stock valued at $11,488,000 after buying an additional 77,900 shares in the last quarter. Finally, Edgestream Partners L.P. bought a new stake in shares of LTC Properties in the 3rd quarter valued at $2,717,000. 69.25% of the stock is owned by institutional investors.

Analysts Set New Price Targets

Several research analysts have weighed in on the company. JMP Securities upgraded LTC Properties from a “market perform” rating to an “outperform” rating and set a $40.00 target price on the stock in a report on Tuesday, January 7th. Citizens Jmp upgraded LTC Properties from a “hold” rating to a “strong-buy” rating in a report on Tuesday, January 7th.

Insider Activity

In other LTC Properties news, Director David L. Gruber acquired 3,000 shares of the business’s stock in a transaction dated Wednesday, December 11th. The shares were acquired at an average price of $37.16 per share, with a total value of $111,480.00. Following the completion of the transaction, the director now directly owns 21,516 shares in the company, valued at $799,534.56. This trade represents a 16.20 % increase in their position. The purchase was disclosed in a filing with the SEC, which can be accessed through the SEC website. Corporate insiders own 2.00% of the company’s stock.

LTC Properties Trading Down 0.3 %

Shares of NYSE:LTC opened at $34.45 on Friday. The firm has a market cap of $1.56 billion, a price-to-earnings ratio of 14.79 and a beta of 0.93. LTC Properties, Inc. has a 12 month low of $30.59 and a 12 month high of $39.89. The company’s fifty day simple moving average is $34.78 and its 200 day simple moving average is $36.16. 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 Dividend Announcement

The company also recently declared a jan 25 dividend, which will be paid on Friday, February 28th. Shareholders of record on Thursday, February 20th will be paid a $0.19 dividend. This represents a dividend yield of 6.45%. The ex-dividend date is Thursday, February 20th. LTC Properties’s dividend payout ratio is 97.85%.

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.