Oregon Public Employees Retirement Fund grew its position in shares of LTC Properties Inc (NYSE:LTC) by 1.8% in the 1st quarter, Holdings Channel reports. The fund owned 15,358 shares of the real estate investment trust’s stock after acquiring an additional 277 shares during the period. Oregon Public Employees Retirement Fund’s holdings in LTC Properties were worth $703,000 at the end of the most recent quarter.

Other large investors have also recently made changes to their positions in the company. We Are One Seven LLC acquired a new stake in LTC Properties during the fourth quarter worth about $27,000. Quantamental Technologies LLC acquired a new stake in LTC Properties during the fourth quarter worth about $28,000. Massey Quick Simon & CO. LLC acquired a new stake in LTC Properties during the first quarter worth about $34,000. Macroview Investment Management LLC acquired a new stake in LTC Properties during the fourth quarter worth about $33,000. Finally, Quadrant Capital Group LLC increased its stake in LTC Properties by 833.9% during the first quarter. Quadrant Capital Group LLC now owns 1,130 shares of the real estate investment trust’s stock worth $50,000 after acquiring an additional 1,009 shares during the last quarter. Institutional investors own 76.01% of the company’s stock.

LTC stock opened at $44.75 on Friday. The company has a quick ratio of 10.41, a current ratio of 10.41 and a debt-to-equity ratio of 0.86. LTC Properties Inc has a 1 year low of $39.98 and a 1 year high of $48.13. The stock has a market capitalization of $1.78 billion, a PE ratio of 14.60, a P/E/G ratio of 3.70 and a beta of 0.47.

LTC Properties (NYSE:LTC) last posted its earnings results on Thursday, May 9th. The real estate investment trust reported $0.51 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.74 by ($0.23). LTC Properties had a net margin of 95.25% and a return on equity of 19.07%. The company had revenue of $28.02 million during the quarter, compared to analyst estimates of $33.02 million. Equities analysts predict that LTC Properties Inc will post 3.02 earnings per share for the current year.

The business also recently announced 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 of this dividend is Wednesday, June 19th. This represents a $2.28 dividend on an annualized basis and a dividend yield of 5.09%. LTC Properties’s dividend payout ratio (DPR) is currently 74.51%.

Several equities research analysts have commented on LTC shares. Zacks Investment Research lowered LTC Properties from a “hold” rating to a “sell” rating in a research note on Wednesday, May 8th. ValuEngine upgraded LTC Properties from a “hold” rating to a “buy” rating in a research note on Friday, February 8th. Two equities research analysts have rated the stock with a sell rating, three have issued a hold rating and one has given a buy rating to the company. The company presently has a consensus rating of “Hold” and a consensus price target of $44.40.

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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.

Further Reading: What is an SEC Filing?

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

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