Sumitomo Mitsui Trust Holdings Inc. decreased its stake in shares of LTC Properties Inc (NYSE:LTC) by 38.2% during the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 25,451 shares of the real estate investment trust’s stock after selling 15,737 shares during the period. Sumitomo Mitsui Trust Holdings Inc.’s holdings in LTC Properties were worth $1,166,000 as of its most recent SEC filing.

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

LTC Properties stock opened at $44.75 on Tuesday. 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. The company has a current ratio of 10.41, a quick ratio of 10.41 and a debt-to-equity ratio of 0.86. LTC Properties Inc has a fifty-two week low of $40.11 and a fifty-two week high of $48.13.

LTC Properties (NYSE:LTC) last released its earnings results 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 firm had revenue of $28.02 million during the quarter, compared to analysts’ expectations of $33.02 million. LTC Properties had a return on equity of 19.07% and a net margin of 95.25%. On average, equities research analysts predict that LTC Properties Inc will post 3.02 earnings per share for the current fiscal year.

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

Several research analysts have 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, May 8th. ValuEngine raised shares of LTC Properties from a “hold” rating to a “buy” rating in a research report on Friday, February 8th. Two research analysts have rated the stock with a sell rating, three have issued a hold rating and one has assigned a buy rating to the stock. The stock currently 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.

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

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