IQ EQ FUND MANAGEMENT IRELAND Ltd Sells 4,302 Shares of LTC Properties, Inc. (NYSE:LTC)

IQ EQ FUND MANAGEMENT IRELAND Ltd lessened its stake in shares of LTC Properties, Inc. (NYSE:LTC) by 12.0% during the 4th quarter, according to its most recent 13F filing with the SEC. The firm owned 31,465 shares of the real estate investment trust’s stock after selling 4,302 shares during the period. IQ EQ FUND MANAGEMENT IRELAND Ltd owned approximately 0.07% of LTC Properties worth $1,087,000 at the end of the most recent quarter.

Other hedge funds have also bought and sold shares of the company. Barclays PLC lifted its holdings in shares of LTC Properties by 148.8% in the 3rd quarter. Barclays PLC now owns 87,972 shares of the real estate investment trust’s stock worth $3,228,000 after acquiring an additional 52,619 shares during the last quarter. JPMorgan Chase & Co. raised its position in 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 worth $9,312,000 after purchasing an additional 113,100 shares during the period. Principal Financial Group Inc. boosted its position in shares of LTC Properties by 6.9% during the third quarter. Principal Financial Group Inc. now owns 229,176 shares of the real estate investment trust’s stock valued at $8,408,000 after buying an additional 14,778 shares during the period. Charles Schwab Investment Management Inc. grew its stake in shares of LTC Properties by 4.2% during the third quarter. Charles Schwab Investment Management Inc. now owns 754,512 shares of the real estate investment trust’s stock valued at $27,683,000 after buying an additional 30,422 shares during the last quarter. Finally, Los Angeles Capital Management LLC purchased a new stake in shares of LTC Properties in the fourth quarter worth approximately $250,000. Institutional investors own 69.25% of the company’s stock.

Wall Street Analyst Weigh In

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

LTC Properties Trading Down 0.2 %

Shares of NYSE LTC opened at $34.89 on Friday. LTC Properties, Inc. has a twelve month low of $31.14 and a twelve month high of $39.89. The company has a quick ratio of 11.60, a current ratio of 11.60 and a debt-to-equity ratio of 0.75. The business has a fifty day simple moving average of $34.87 and a two-hundred day simple moving average of $35.99. The firm has a market cap of $1.59 billion, a PE ratio of 14.97 and a beta of 0.96.

LTC Properties (NYSE:LTC) last released its quarterly earnings data 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. The firm had revenue of $34.81 million for the quarter, compared to the consensus estimate of $45.25 million. LTC Properties had a net margin of 48.77% and a return on equity of 10.49%. Analysts expect that LTC Properties, Inc. will post 2.79 earnings per share for the current fiscal year.

LTC Properties Announces Dividend

The business also recently disclosed a jan 25 dividend, which will be paid on Monday, March 31st. Investors of record on Friday, March 21st will be paid a dividend of $0.19 per share. This represents a dividend yield of 6.45%. The ex-dividend date is Friday, March 21st. LTC Properties’s dividend payout ratio (DPR) is currently 111.22%.

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.