Virginia Retirement Systems ET AL purchased a new stake in shares of LTC Properties Inc (NYSE:LTC) in the first quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor purchased 52,128 shares of the real estate investment trust’s stock, valued at approximately $2,387,000. Virginia Retirement Systems ET AL owned about 0.13% of LTC Properties as of its most recent SEC filing.
A number of other large investors have also recently bought and sold shares of LTC. We Are One Seven LLC bought a new position in LTC Properties in the 4th quarter worth $27,000. Quantamental Technologies LLC bought a new position in LTC Properties in the 4th quarter worth $28,000. Macroview Investment Management LLC bought a new position in LTC Properties in the 4th quarter worth $33,000. Massey Quick Simon & CO. LLC bought a new position in LTC Properties in the 1st quarter worth $34,000. Finally, Dubuque Bank & Trust Co. raised its holdings in LTC Properties by 665.0% in the 4th quarter. Dubuque Bank & Trust Co. now owns 1,224 shares of the real estate investment trust’s stock worth $51,000 after purchasing an additional 1,064 shares in the last quarter. Institutional investors own 76.39% of the company’s stock.
Shares of LTC Properties stock traded up $0.05 during trading on Wednesday, hitting $45.78. The company’s stock had a trading volume of 111,804 shares, compared to its average volume of 192,623. The company has a debt-to-equity ratio of 0.86, a current ratio of 10.41 and a quick ratio of 10.41. The firm has a market cap of $1.81 billion, a price-to-earnings ratio of 14.96, a PEG ratio of 3.80 and a beta of 0.47. LTC Properties Inc has a 52 week low of $38.62 and a 52 week high of $48.13.
LTC Properties (NYSE:LTC) last issued its quarterly earnings results on Thursday, May 9th. The real estate investment trust reported $0.51 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.74 by ($0.23). The business had revenue of $28.02 million during the quarter, compared to the consensus estimate of $33.02 million. LTC Properties had a return on equity of 19.07% and a net margin of 95.25%. On average, equities analysts anticipate that LTC Properties Inc will post 3.02 EPS for the current year.
The firm also recently declared a monthly dividend, which will be paid on Friday, June 28th. Investors of record on Thursday, June 20th will be paid a $0.19 dividend. The ex-dividend date is Wednesday, June 19th. This represents a $2.28 annualized dividend and a dividend yield of 4.98%. LTC Properties’s payout ratio is 74.51%.
Several research analysts have commented on LTC shares. Zacks Investment Research upgraded shares of LTC Properties from a “hold” rating to a “buy” rating and set a $53.00 price objective for the company in a report on Wednesday, February 13th. ValuEngine upgraded shares of LTC Properties from a “hold” rating to a “buy” rating in a report on Friday, February 8th. Two investment analysts have rated the stock with a sell rating, three have given a hold rating and one has issued a buy rating to the company. LTC Properties currently has an average rating of “Hold” and a consensus price target of $44.40.
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LTC Properties Company 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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