Connor Clark & Lunn Investment Management Ltd. bought a new position in LTC Properties Inc (NYSE:LTC) during the second quarter, according to its most recent filing with the Securities and Exchange Commission. The fund bought 21,925 shares of the real estate investment trust’s stock, valued at approximately $937,000. Connor Clark & Lunn Investment Management Ltd. owned approximately 0.06% of LTC Properties at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Commonwealth Equity Services LLC raised its holdings in shares of LTC Properties by 14.1% during the second quarter. Commonwealth Equity Services LLC now owns 10,090 shares of the real estate investment trust’s stock valued at $431,000 after acquiring an additional 1,249 shares during the period. LPL Financial LLC raised its holdings in shares of LTC Properties by 3.9% during the first quarter. LPL Financial LLC now owns 45,798 shares of the real estate investment trust’s stock valued at $1,740,000 after acquiring an additional 1,723 shares during the period. Dynamic Technology Lab Private Ltd raised its holdings in shares of LTC Properties by 22.9% during the first quarter. Dynamic Technology Lab Private Ltd now owns 9,353 shares of the real estate investment trust’s stock valued at $355,000 after acquiring an additional 1,742 shares during the period. Profund Advisors LLC raised its holdings in shares of LTC Properties by 32.0% during the first quarter. Profund Advisors LLC now owns 7,728 shares of the real estate investment trust’s stock valued at $294,000 after acquiring an additional 1,873 shares during the period. Finally, Great West Life Assurance Co. Can raised its holdings in shares of LTC Properties by 3.4% during the first quarter. Great West Life Assurance Co. Can now owns 74,105 shares of the real estate investment trust’s stock valued at $2,816,000 after acquiring an additional 2,449 shares during the period. Institutional investors and hedge funds own 80.08% of the company’s stock.

A number of equities research analysts have recently issued reports on the stock. Zacks Investment Research upgraded shares of LTC Properties from a “sell” rating to a “hold” rating in a report on Friday, May 18th. ValuEngine upgraded shares of LTC Properties from a “sell” rating to a “hold” rating in a report on Wednesday. Cantor Fitzgerald restated a “buy” rating and set a $46.00 price target (up previously from $45.00) on shares of LTC Properties in a report on Thursday, August 9th. Royal Bank of Canada lowered shares of LTC Properties from a “sector perform” rating to an “underperform” rating in a report on Friday, June 1st. Finally, TheStreet upgraded shares of LTC Properties from a “c+” rating to a “b-” rating in a report on Thursday, June 28th. Two research analysts have rated the stock with a sell rating, six have assigned a hold rating and two have given a buy rating to the company. LTC Properties presently has a consensus rating of “Hold” and an average price target of $43.57.

Shares of LTC opened at $45.82 on Friday. LTC Properties Inc has a 52 week low of $34.46 and a 52 week high of $49.59. The company has a market cap of $1.71 billion, a P/E ratio of 14.78, a P/E/G ratio of 3.58 and a beta of 0.13. The company has a current ratio of 8.26, a quick ratio of 8.26 and a debt-to-equity ratio of 0.81.

LTC Properties (NYSE:LTC) last announced its quarterly earnings data on Wednesday, August 8th. The real estate investment trust reported $1.73 EPS for the quarter, beating the Zacks’ consensus estimate of $0.75 by $0.98. LTC Properties had a net margin of 77.94% and a return on equity of 16.84%. The firm had revenue of $33.93 million for the quarter, compared to the consensus estimate of $34.55 million. equities research analysts predict that LTC Properties Inc will post 3.01 EPS for the current year.

The business also recently disclosed a monthly dividend, which will be paid on Friday, September 28th. Investors of record on Thursday, September 20th will be given a dividend of $0.19 per share. This represents a $2.28 dividend on an annualized basis and a yield of 4.98%. The ex-dividend date of this dividend is Wednesday, September 19th. LTC Properties’s payout ratio is presently 73.55%.

About LTC Properties

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 March 31, 2018, LTC had 203 investments located in 29 states comprising 105 assisted living communities, 97 skilled nursing centers and a behavioral health care hospital.

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Institutional Ownership by Quarter for LTC Properties (NYSE:LTC)

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