D.A. Davidson & CO. Sells 6,221 Shares of LTC Properties, Inc. (LTC)
D.A. Davidson & CO. decreased its holdings in LTC Properties, Inc. (NYSE:LTC) by 18.6% in the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 27,153 shares of the real estate investment trust’s stock after selling 6,221 shares during the period. D.A. Davidson & CO. owned 0.07% of LTC Properties worth $1,395,000 at the end of the most recent reporting period.
Other institutional investors and hedge funds have also bought and sold shares of the company. PNC Financial Services Group Inc. increased its stake in shares of LTC Properties by 12.8% in the second quarter. PNC Financial Services Group Inc. now owns 2,037 shares of the real estate investment trust’s stock worth $105,000 after purchasing an additional 231 shares in the last quarter. Zurcher Kantonalbank Zurich Cantonalbank increased its stake in shares of LTC Properties by 12.7% in the first quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 2,266 shares of the real estate investment trust’s stock worth $109,000 after purchasing an additional 256 shares in the last quarter. Riverhead Capital Management LLC increased its stake in shares of LTC Properties by 91.5% in the second quarter. Riverhead Capital Management LLC now owns 3,064 shares of the real estate investment trust’s stock worth $157,000 after purchasing an additional 1,464 shares in the last quarter. Ameritas Investment Partners Inc. purchased a new position in shares of LTC Properties in the first quarter worth about $156,000. Finally, Daiwa Securities Group Inc. increased its stake in shares of LTC Properties by 9.4% in the second quarter. Daiwa Securities Group Inc. now owns 3,500 shares of the real estate investment trust’s stock worth $180,000 after purchasing an additional 300 shares in the last quarter. Hedge funds and other institutional investors own 81.48% of the company’s stock.
Several equities analysts have recently weighed in on LTC shares. Mizuho reiterated a “neutral” rating on shares of LTC Properties in a research note on Wednesday, June 28th. Royal Bank Of Canada reiterated a “hold” rating and issued a $50.00 target price on shares of LTC Properties in a research note on Tuesday, June 27th. Zacks Investment Research downgraded shares of LTC Properties from a “hold” rating to a “sell” rating in a research note on Tuesday, August 1st. Stifel Nicolaus reiterated a “hold” rating and issued a $50.00 target price on shares of LTC Properties in a research note on Friday, July 28th. Finally, BidaskClub upgraded shares of LTC Properties from a “hold” rating to a “buy” rating in a research note on Wednesday, June 28th. One research analyst has rated the stock with a sell rating, eight have assigned a hold rating and two have given a buy rating to the company. The company currently has a consensus rating of “Hold” and a consensus price target of $50.60.
LTC Properties, Inc. (LTC) opened at 46.39 on Friday. The stock has a 50 day moving average of $48.71 and a 200-day moving average of $48.79. LTC Properties, Inc. has a 52-week low of $43.17 and a 52-week high of $53.08. The company has a market capitalization of $1.84 billion, a price-to-earnings ratio of 20.39 and a beta of 0.15.
LTC Properties (NYSE:LTC) last announced its quarterly earnings data on Wednesday, August 9th. The real estate investment trust reported $0.79 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.78 by $0.01. LTC Properties had a net margin of 53.36% and a return on equity of 11.99%. The business had revenue of $42.47 million during the quarter, compared to analyst estimates of $35.08 million. On average, equities research analysts anticipate that LTC Properties, Inc. will post $2.18 earnings per share for the current fiscal year.
The business also recently disclosed a monthly dividend, which was paid on Thursday, August 31st. Shareholders of record on Wednesday, August 23rd were issued a dividend of $0.19 per share. This represents a $2.28 dividend on an annualized basis and a yield of 4.91%. The ex-dividend date was Monday, August 21st. LTC Properties’s dividend payout ratio (DPR) is currently 100.00%.
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LTC Properties Company Profile
LTC Properties Inc is a healthcare real estate investment trust (REIT). The Company invests in senior housing and healthcare properties through sale-leaseback transactions, mortgage financing and structured finance solutions, including mezzanine lending. It invests in various properties, including Skilled nursing facilities (SNF), Assisted living facilities (ALF), Independent living facilities (ILF), Memory care facilities (MC) and Range of care facilities (ROC).
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