Dimensional Fund Advisors LP Acquires 22,325 Shares of LTC Properties Inc (LTC)
Dimensional Fund Advisors LP lifted its holdings in shares of LTC Properties Inc (NYSE:LTC) by 4.0% during the third quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 580,158 shares of the real estate investment trust’s stock after purchasing an additional 22,325 shares during the period. Dimensional Fund Advisors LP’s holdings in LTC Properties were worth $27,256,000 as of its most recent filing with the SEC.
Several other large investors have also modified their holdings of LTC. PNC Financial Services Group Inc. lifted its holdings in 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 valued at $105,000 after buying an additional 231 shares during the period. Quantbot Technologies LP acquired a new position in LTC Properties in the third quarter valued at $139,000. Riverhead Capital Management LLC lifted its holdings in 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 valued at $157,000 after buying an additional 1,464 shares during the period. Ameritas Investment Partners Inc. lifted its holdings in LTC Properties by 6.1% in the second quarter. Ameritas Investment Partners Inc. now owns 3,456 shares of the real estate investment trust’s stock valued at $178,000 after buying an additional 200 shares during the period. Finally, Neuberger Berman Group LLC acquired a new position in LTC Properties in the second quarter valued at $202,000. Institutional investors own 77.89% of the company’s stock.
In other LTC Properties news, Director Timothy Triche sold 2,720 shares of LTC Properties stock in a transaction on Thursday, December 28th. The shares were sold at an average price of $43.35, for a total value of $117,912.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Boyd W. Hendrickson sold 1,500 shares of LTC Properties stock in a transaction on Monday, December 18th. The shares were sold at an average price of $47.07, for a total transaction of $70,605.00. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 9,727 shares of company stock valued at $436,470. Insiders own 1.50% of the company’s stock.
LTC Properties (NYSE:LTC) last posted its quarterly earnings results on Wednesday, November 8th. The real estate investment trust reported $0.76 earnings per share for the quarter, beating the consensus estimate of $0.50 by $0.26. LTC Properties had a net margin of 52.18% and a return on equity of 11.69%. The firm had revenue of $41.25 million during the quarter, compared to the consensus estimate of $32.91 million. During the same period in the previous year, the firm posted $0.57 earnings per share. equities research analysts predict that LTC Properties Inc will post 3.08 EPS for the current year.
The business also recently declared a monthly dividend, which will be paid on Wednesday, February 28th. Shareholders of record on Tuesday, February 20th will be paid a $0.19 dividend. This represents a $2.28 annualized dividend and a yield of 5.60%. The ex-dividend date is Friday, February 16th. LTC Properties’s dividend payout ratio (DPR) is currently 102.24%.
LTC has been the topic of several recent analyst reports. BMO Capital Markets restated a “sell” rating and issued a $44.00 target price on shares of LTC Properties in a report on Wednesday, October 18th. Zacks Investment Research lowered shares of LTC Properties from a “hold” rating to a “sell” rating in a report on Saturday, November 11th. ValuEngine lowered shares of LTC Properties from a “buy” rating to a “hold” rating in a report on Sunday, December 31st. Royal Bank of Canada restated a “hold” rating and issued a $48.00 target price on shares of LTC Properties in a report on Monday, October 23rd. Finally, KeyCorp restated a “hold” rating on shares of LTC Properties in a report on Tuesday, October 17th. One analyst has rated the stock with a sell rating, eight have given a hold rating and three have given a buy rating to the stock. LTC Properties has a consensus rating of “Hold” and a consensus price target of $49.71.
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About LTC Properties
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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