Great West Life Assurance Co. Can raised its position in LTC Properties Inc (NYSE:LTC) by 15.2% during the 1st quarter, HoldingsChannel.com reports. The institutional investor owned 89,565 shares of the real estate investment trust’s stock after buying an additional 11,800 shares during the quarter. Great West Life Assurance Co. Can’s holdings in LTC Properties were worth $4,099,000 at the end of the most recent reporting period.

Other hedge funds have also recently added to or reduced their stakes in the company. We Are One Seven LLC bought a new stake in shares of LTC Properties during the 4th quarter valued at approximately $27,000. Quantamental Technologies LLC bought a new stake in shares of LTC Properties during the 4th quarter valued at approximately $28,000. Macroview Investment Management LLC bought a new stake in shares of LTC Properties during the 4th quarter valued at approximately $33,000. Massey Quick Simon & CO. LLC acquired a new stake in LTC Properties during the 1st quarter worth approximately $34,000. Finally, Quadrant Capital Group LLC boosted its position in LTC Properties by 833.9% during the 1st quarter. Quadrant Capital Group LLC now owns 1,130 shares of the real estate investment trust’s stock worth $50,000 after buying an additional 1,009 shares during the period. 75.98% of the stock is currently owned by hedge funds and other institutional investors.

Several equities research analysts recently commented on the stock. Zacks Investment Research upgraded shares of LTC Properties from a “sell” rating to a “hold” rating in a research report on Saturday. ValuEngine downgraded shares of LTC Properties from a “buy” rating to a “hold” rating in a research report on Monday, February 25th. Two research analysts have rated the stock with a sell rating, three have assigned a hold rating and one has issued a buy rating to the stock. LTC Properties has a consensus rating of “Hold” and an average price target of $44.40.

Shares of NYSE LTC opened at $44.75 on Monday. The company has a market capitalization of $1.78 billion, a PE ratio of 14.62, a PEG ratio of 3.71 and a beta of 0.44. LTC Properties Inc has a 52-week low of $39.98 and a 52-week high of $48.13. The company has a debt-to-equity ratio of 0.86, a quick ratio of 10.41 and a current ratio of 10.41.

LTC Properties (NYSE:LTC) last released its quarterly earnings data on Thursday, May 9th. The real estate investment trust reported $0.51 earnings per share for the quarter, missing the consensus estimate of $0.74 by ($0.23). The company had revenue of $28.02 million during the quarter, compared to the consensus estimate of $33.02 million. LTC Properties had a net margin of 95.25% and a return on equity of 19.07%. On average, equities research analysts expect that LTC Properties Inc will post 3.02 EPS for the current year.

The business also recently disclosed a monthly dividend, which will be paid on Friday, June 28th. Stockholders of record on Thursday, June 20th will be paid a $0.19 dividend. The ex-dividend date is Wednesday, June 19th. This represents a $2.28 annualized dividend and a dividend yield of 5.09%. LTC Properties’s dividend payout ratio is currently 74.51%.

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LTC Properties Profile

LTC is a real estate investment trust (REIT) investing in seniors housing and health care properties primarily through sale-leasebacks, mortgage financing, joint-ventures and structured finance solutions including preferred equity and mezzanine lending. LTC holds more than 200 investments in 28 states with 30 operating partners.

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

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