LTC Properties, Inc. (NYSE:LTC) Shares Acquired by CacheTech Inc.

CacheTech Inc. increased its stake in shares of LTC Properties, Inc. (NYSE:LTC) by 25.2% during the 4th quarter, according to its most recent filing with the SEC. The institutional investor owned 18,424 shares of the real estate investment trust’s stock after acquiring an additional 3,709 shares during the period. CacheTech Inc.’s holdings in LTC Properties were worth $636,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the stock. AlphaQuest LLC lifted its position in shares of LTC Properties by 23,470.0% during the fourth 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 in the last quarter. GAMMA Investing LLC lifted its holdings in LTC Properties by 35.3% in 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 in the last quarter. PNC Financial Services Group Inc. boosted its position in LTC Properties by 28.5% in the 4th quarter. PNC Financial Services Group Inc. now owns 2,546 shares of the real estate investment trust’s stock valued at $88,000 after buying an additional 565 shares during the last quarter. FMR LLC grew its stake in shares of LTC Properties by 132.7% during the third 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 in the last quarter. Finally, Summit Investment Advisors Inc. increased its position in shares of LTC Properties by 7.5% during the fourth quarter. Summit Investment Advisors Inc. now owns 4,678 shares of the real estate investment trust’s stock worth $162,000 after acquiring an additional 327 shares during the last quarter. Hedge funds and other institutional investors own 69.25% of the company’s stock.

LTC Properties Trading Up 1.9 %

NYSE:LTC opened at $34.72 on Tuesday. LTC Properties, Inc. has a 52 week low of $31.24 and a 52 week 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 company has a market cap of $1.59 billion, a PE ratio of 14.90 and a beta of 0.74. The business’s 50 day moving average is $34.82 and its two-hundred day moving average is $35.73.

LTC Properties (NYSE:LTC) last released its quarterly earnings data on Monday, February 24th. The real estate investment trust reported $0.72 EPS for the quarter, topping analysts’ consensus estimates of $0.65 by $0.07. The firm had revenue of $34.81 million during 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%. On average, analysts predict that LTC Properties, Inc. will post 2.79 EPS for the current year.

LTC Properties Announces Dividend

The firm also recently disclosed a monthly dividend, which will be paid on Monday, June 30th. Investors of record on Friday, June 20th will be paid a dividend of $0.19 per share. The ex-dividend date of this dividend is Friday, June 20th. This represents a $2.28 annualized dividend and a yield of 6.57%. LTC Properties’s dividend payout ratio (DPR) is 111.22%.

Wall Street Analysts Forecast Growth

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

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.