State of Tennessee Treasury Department reduced its position in shares of LTC Properties, Inc. (NYSE:LTC) by 5.9% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 34,473 shares of the real estate investment trust’s stock after selling 2,179 shares during the period. State of Tennessee Treasury Department owned 0.09% of LTC Properties worth $1,620,000 at the end of the most recent quarter.

Several other institutional investors have also recently added to or reduced their stakes in the business. PNC Financial Services Group Inc. boosted its position in shares of LTC Properties by 12.8% in the second quarter. PNC Financial Services Group Inc. now owns 2,037 shares of the real estate investment trust’s stock worth $105,000 after acquiring an additional 231 shares during the last quarter. Riverhead Capital Management LLC boosted its position in shares of LTC Properties by 91.5% in the second quarter. Riverhead Capital Management LLC now owns 3,064 shares of the real estate investment trust’s stock worth $157,000 after acquiring an additional 1,464 shares during the last quarter. Ameritas Investment Partners Inc. boosted its position in shares of LTC Properties by 6.1% in the second quarter. Ameritas Investment Partners Inc. now owns 3,456 shares of the real estate investment trust’s stock worth $178,000 after acquiring an additional 200 shares during the last quarter. Daiwa Securities Group Inc. boosted its position in shares of LTC Properties by 9.4% in the second quarter. Daiwa Securities Group Inc. now owns 3,500 shares of the real estate investment trust’s stock worth $180,000 after acquiring an additional 300 shares during the last quarter. Finally, Neuberger Berman Group LLC acquired a new stake in shares of LTC Properties in the second quarter worth approximately $202,000. 79.23% of the stock is currently owned by institutional investors.

Several equities research analysts recently issued reports on the stock. Zacks Investment Research raised shares of LTC Properties from a “sell” rating to a “hold” rating in a research report on Friday, September 22nd. Stifel Nicolaus reissued a “hold” rating and issued a $50.00 target price on shares of LTC Properties in a research report on Friday, July 28th. KeyCorp reissued a “hold” rating on shares of LTC Properties in a research report on Sunday, September 17th. BMO Capital Markets reissued a “sell” rating and issued a $44.00 target price on shares of LTC Properties in a research report on Wednesday, October 18th. Finally, BidaskClub cut shares of LTC Properties from a “hold” rating to a “sell” rating in a research report on Saturday, August 12th. Two analysts have rated the stock with a sell rating, seven have assigned a hold rating and three have given a buy rating to the company. The stock currently has an average rating of “Hold” and a consensus target price of $50.17.

LTC Properties, Inc. (LTC) opened at $46.71 on Wednesday. LTC Properties, Inc. has a 1-year low of $43.91 and a 1-year high of $52.85. 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 company has a market cap of $1,836.08, a P/E ratio of 14.92, a P/E/G ratio of 3.77 and a beta of 0.18.

LTC Properties (NYSE:LTC) last posted its quarterly earnings results on Wednesday, November 8th. The real estate investment trust reported $0.76 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.50 by $0.26. LTC Properties had a net margin of 52.18% and a return on equity of 11.69%. The firm had revenue of $41.25 million for the quarter, compared to analyst estimates of $32.91 million. During the same quarter last year, the firm posted $0.57 earnings per share. equities analysts expect that LTC Properties, Inc. will post 3.08 EPS for the current fiscal year.

The firm also recently declared a monthly dividend, which will be paid on Thursday, November 30th. Investors of record on Wednesday, November 22nd will be issued a $0.19 dividend. The ex-dividend date is Tuesday, November 21st. This represents a $2.28 annualized dividend and a yield of 4.88%. LTC Properties’s payout ratio is 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).

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

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