Arizona State Retirement System increased its holdings in shares of LTC Properties Inc (NYSE:LTC) by 6.2% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 61,071 shares of the real estate investment trust’s stock after acquiring an additional 3,575 shares during the quarter. Arizona State Retirement System owned about 0.15% of LTC Properties worth $2,545,000 as of its most recent filing with the SEC.
A number of other large investors have also added to or reduced their stakes in the stock. We Are One Seven LLC bought a new position in LTC Properties in the 4th quarter valued at about $27,000. Quantamental Technologies LLC bought a new position in LTC Properties in the 4th quarter valued at about $28,000. Dubuque Bank & Trust Co. increased its holdings in LTC Properties by 665.0% in the 4th quarter. Dubuque Bank & Trust Co. now owns 1,224 shares of the real estate investment trust’s stock valued at $51,000 after buying an additional 1,064 shares during the period. Private Capital Group LLC increased its holdings in LTC Properties by 28.5% in the 4th quarter. Private Capital Group LLC now owns 1,524 shares of the real estate investment trust’s stock valued at $64,000 after buying an additional 338 shares during the period. Finally, IFP Advisors Inc increased its holdings in LTC Properties by 15.3% in the 4th quarter. IFP Advisors Inc now owns 2,363 shares of the real estate investment trust’s stock valued at $99,000 after buying an additional 313 shares during the period. 75.12% of the stock is currently owned by institutional investors and hedge funds.
LTC has been the topic of several recent analyst reports. ValuEngine raised shares of LTC Properties from a “hold” rating to a “buy” rating in a report on Friday. Zacks Investment Research raised shares of LTC Properties from a “sell” rating to a “hold” rating in a report on Saturday, November 10th. BMO Capital Markets reaffirmed a “sell” rating and set a $40.00 price target on shares of LTC Properties in a report on Thursday, December 6th. Finally, Royal Bank of Canada reaffirmed a “sell” rating and set a $40.00 price target on shares of LTC Properties in a report on Tuesday, November 20th. Two equities research analysts have rated the stock with a sell rating, three have assigned a hold rating and two have assigned a buy rating to the company. The stock has a consensus rating of “Hold” and an average target price of $43.00.
Shares of LTC Properties stock opened at $47.66 on Monday. The company has a market cap of $1.89 billion, a P/E ratio of 15.37, a P/E/G ratio of 3.87 and a beta of 0.50. The company has a debt-to-equity ratio of 0.81, a quick ratio of 8.91 and a current ratio of 8.91. LTC Properties Inc has a 1 year low of $34.46 and a 1 year high of $47.68.
The business also recently declared a monthly dividend, which will be paid on Thursday, February 28th. Investors of record on Wednesday, February 20th will be issued a dividend of $0.19 per share. This represents a $2.28 annualized dividend and a dividend yield of 4.78%. The ex-dividend date of this dividend is Tuesday, February 19th. LTC Properties’s dividend payout ratio (DPR) is presently 73.55%.
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LTC Properties Company Profile
LTC is a self-administered real estate investment trust that primarily invests in seniors housing and health care properties primarily through sale-leaseback transactions, mortgage financing and structured finance solutions including mezzanine lending. At September 30, 2018, LTC had 199 investments located in 28 states, comprising 103 assisted living communities, 95 skilled nursing centers and 1 behavioral health care hospital.
Further Reading: What is the Ex-Dividend Date in Investing?
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