Louisiana State Employees Retirement System Has $757,000 Stock Holdings in LTC Properties, Inc. (NYSE:LTC)

Louisiana State Employees Retirement System raised its stake in LTC Properties, Inc. (NYSE:LTC) by 4.3% during the 4th quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 21,900 shares of the real estate investment trust’s stock after buying an additional 900 shares during the quarter. Louisiana State Employees Retirement System’s holdings in LTC Properties were worth $757,000 at the end of the most recent reporting period.

Other large investors have also recently added to or reduced their stakes in the company. New York State Teachers Retirement System grew its position in LTC Properties by 0.5% in the third quarter. New York State Teachers Retirement System now owns 76,354 shares of the real estate investment trust’s stock worth $2,801,000 after acquiring an additional 375 shares in the last quarter. Mirae Asset Global Investments Co. Ltd. grew its position in LTC Properties by 35.0% in the third quarter. Mirae Asset Global Investments Co. Ltd. now owns 1,687 shares of the real estate investment trust’s stock worth $62,000 after acquiring an additional 437 shares in the last quarter. GAMMA Investing LLC grew its position in 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 acquiring an additional 638 shares in the last quarter. Van ECK Associates Corp grew its position in LTC Properties by 12.3% in the third quarter. Van ECK Associates Corp now owns 7,382 shares of the real estate investment trust’s stock worth $265,000 after acquiring an additional 811 shares in the last quarter. Finally, Daiwa Securities Group Inc. grew its position in LTC Properties by 6.2% in the third quarter. Daiwa Securities Group Inc. now owns 14,497 shares of the real estate investment trust’s stock worth $532,000 after acquiring an additional 849 shares in the last quarter. Institutional investors and hedge funds own 69.25% of the company’s stock.

Insider Activity at LTC Properties

In related news, Director David L. Gruber bought 3,000 shares of the business’s stock in a transaction that occurred on Wednesday, December 11th. The stock was purchased at an average cost of $37.16 per share, for a total transaction of $111,480.00. Following the purchase, 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 ownership of the stock. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Corporate insiders own 2.00% of the company’s stock.

Analysts Set New Price Targets

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

LTC Properties Price Performance

NYSE:LTC opened at $34.80 on Wednesday. The stock has a market cap of $1.57 billion, a P/E ratio of 14.93 and a beta of 0.93. LTC Properties, Inc. has a one year low of $31.14 and a one year high of $39.89. The company has a fifty day moving average price of $34.72 and a 200 day moving average price of $36.16. The company has a debt-to-equity ratio of 0.75, a current ratio of 11.60 and a quick ratio of 11.60.

LTC Properties Announces Dividend

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

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.