Rhumbline Advisers lessened its holdings in shares of LTC Properties Inc (NYSE:LTC) by 1.4% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 127,932 shares of the real estate investment trust’s stock after selling 1,866 shares during the quarter. Rhumbline Advisers’ holdings in LTC Properties were worth $5,643,000 at the end of the most recent quarter.

A number of other large investors have also added to or reduced their stakes in LTC. Commonwealth Equity Services LLC grew its stake in shares of LTC Properties by 14.1% in the 2nd quarter. Commonwealth Equity Services LLC now owns 10,090 shares of the real estate investment trust’s stock valued at $431,000 after buying an additional 1,249 shares in the last quarter. Xact Kapitalforvaltning AB grew its stake in shares of LTC Properties by 14.2% in the 3rd quarter. Xact Kapitalforvaltning AB now owns 10,430 shares of the real estate investment trust’s stock valued at $460,000 after buying an additional 1,300 shares in the last quarter. Securian Asset Management Inc grew its stake in shares of LTC Properties by 7.5% in the 2nd quarter. Securian Asset Management Inc now owns 20,004 shares of the real estate investment trust’s stock valued at $855,000 after buying an additional 1,400 shares in the last quarter. US Bancorp DE grew its stake in shares of LTC Properties by 7.2% in the 2nd quarter. US Bancorp DE now owns 22,995 shares of the real estate investment trust’s stock valued at $984,000 after buying an additional 1,537 shares in the last quarter. Finally, Macquarie Group Ltd. grew its stake in shares of LTC Properties by 11.2% in the 2nd quarter. Macquarie Group Ltd. now owns 17,875 shares of the real estate investment trust’s stock valued at $764,000 after buying an additional 1,800 shares in the last quarter. 75.29% of the stock is currently owned by institutional investors.

LTC has been the subject of several recent research reports. Stifel Nicolaus set a $43.00 price target on LTC Properties and gave the company a “hold” rating in a research note on Thursday, August 9th. Zacks Investment Research raised LTC Properties from a “sell” rating to a “hold” rating in a research note on Saturday, November 10th. Royal Bank of Canada reissued a “sell” rating and issued a $40.00 price target on shares of LTC Properties in a research note on Tuesday, November 20th. Cantor Fitzgerald reissued a “buy” rating and issued a $46.00 price target (up previously from $45.00) on shares of LTC Properties in a research note on Thursday, August 9th. Finally, ValuEngine raised LTC Properties from a “sell” rating to a “hold” rating in a research note on Wednesday, August 15th. Two analysts have rated the stock with a sell rating, four have issued a hold rating and one has issued a buy rating to the stock. The stock presently has an average rating of “Hold” and an average price target of $43.00.

Shares of LTC Properties stock opened at $45.63 on Thursday. The company has a market cap of $1.81 billion, a price-to-earnings ratio of 14.72, a P/E/G ratio of 3.77 and a beta of 0.13. The company has a debt-to-equity ratio of 0.81, a current ratio of 8.91 and a quick ratio of 8.91. LTC Properties Inc has a 12-month low of $34.46 and a 12-month high of $47.39.

LTC Properties (NYSE:LTC) last announced its earnings results on Monday, November 5th. The real estate investment trust reported $0.88 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.75 by $0.13. The firm had revenue of $34.21 million during the quarter, compared to analysts’ expectations of $34.12 million. LTC Properties had a return on equity of 18.31% and a net margin of 86.31%. As a group, equities analysts predict that LTC Properties Inc will post 3.02 EPS for the current fiscal year.

The business also recently announced a dividend, which will be paid on Monday, December 31st. Shareholders of record on Friday, December 21st will be given a dividend of $0.19 per share. The ex-dividend date of this dividend is Thursday, December 20th. LTC Properties’s payout ratio is currently 73.55%.

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LTC Properties Profile

LTC is a self-administered real estate investment trust that primarily invests in seniors housing and health care properties primarily through sale-leaseback transactions, mortgage financing and structured finance solutions including mezzanine lending. At September 30, 2018, LTC had 199 investments located in 28 states, comprising 103 assisted living communities, 95 skilled nursing centers and 1 behavioral health care hospital.

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

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