LTC Properties Inc (LTC) Holdings Reduced by Macquarie Group Ltd.
Macquarie Group Ltd. lowered its stake in LTC Properties Inc (NYSE:LTC) by 15.0% in the 3rd quarter, according to its most recent filing with the SEC. The fund owned 13,625 shares of the real estate investment trust’s stock after selling 2,400 shares during the period. Macquarie Group Ltd.’s holdings in LTC Properties were worth $640,000 as of its most recent SEC filing.
Several other institutional investors and hedge funds also recently added to or reduced their stakes in LTC. PNC Financial Services Group Inc. grew its position in shares of LTC Properties by 12.8% during the 2nd 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 last quarter. Quantbot Technologies LP bought a new stake in shares of LTC Properties during the 3rd quarter valued at about $139,000. Riverhead Capital Management LLC grew its position in shares of LTC Properties by 91.5% during the 2nd 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 last quarter. Ameritas Investment Partners Inc. grew its position in shares of LTC Properties by 6.1% during the 2nd 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 last quarter. Finally, Daiwa Securities Group Inc. grew its position in shares of LTC Properties by 9.4% during the 2nd quarter. Daiwa Securities Group Inc. now owns 3,500 shares of the real estate investment trust’s stock valued at $180,000 after buying an additional 300 shares during the last quarter. 78.25% of the stock is owned by institutional investors.
A number of equities research analysts recently weighed in on LTC shares. Zacks Investment Research downgraded shares of LTC Properties from a “hold” rating to a “sell” rating in a research report on Wednesday, August 16th. BidaskClub raised shares of LTC Properties from a “sell” rating to a “hold” rating in a research report on Saturday, August 26th. KeyCorp reaffirmed a “hold” rating on shares of LTC Properties in a research report on Sunday, September 17th. Capital One Financial started coverage on shares of LTC Properties in a research note on Monday, September 25th. They set an “overweight” rating and a $50.00 target price for the company. Finally, BMO Capital Markets reissued a “sell” rating and set a $44.00 target price on shares of LTC Properties in a research note on Wednesday, October 18th. Two investment analysts have rated the stock with a sell rating, seven have issued a hold rating and three have issued a buy rating to the stock. LTC Properties currently has a consensus rating of “Hold” and a consensus target price of $50.17.
LTC Properties Inc (NYSE:LTC) traded up $0.21 during trading on Wednesday, reaching $45.62. 206,600 shares of the company’s stock were exchanged, compared to its average volume of 209,782. The company has a debt-to-equity ratio of 0.84, a current ratio of 8.66 and a quick ratio of 8.66. The firm has a market cap of $1,796.91, a price-to-earnings ratio of 14.60, a price-to-earnings-growth ratio of 3.69 and a beta of 0.16. LTC Properties Inc has a 52-week low of $44.91 and a 52-week high of $52.85.
LTC Properties (NYSE:LTC) last issued its quarterly earnings results on Wednesday, November 8th. The real estate investment trust reported $0.76 earnings per share for the quarter, topping analysts’ consensus estimates of $0.50 by $0.26. The company had revenue of $41.25 million during the quarter, compared to analyst estimates of $32.91 million. LTC Properties had a net margin of 52.18% and a return on equity of 11.69%. During the same period in the prior year, the business posted $0.57 EPS. research analysts anticipate that LTC Properties Inc will post 3.08 earnings per share for the current year.
The business also recently declared a monthly dividend, which was paid on Thursday, November 30th. Stockholders of record on Wednesday, November 22nd were paid a $0.19 dividend. This represents a $2.28 dividend on an annualized basis and a dividend yield of 5.00%. The ex-dividend date was Tuesday, November 21st. LTC Properties’s dividend payout ratio is currently 102.24%.
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LTC Properties 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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