Maryland State Retirement & Pension System Acquires 556 Shares of LTC Properties, Inc. (NYSE:LTC)

Maryland State Retirement & Pension System increased its holdings in LTC Properties, Inc. (NYSE:LTC) by 3.8% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 15,242 shares of the real estate investment trust’s stock after purchasing an additional 556 shares during the quarter. Maryland State Retirement & Pension System’s holdings in LTC Properties were worth $527,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also bought and sold shares of the stock. AlphaQuest LLC grew its position in shares of LTC Properties by 23,470.0% in the 4th quarter. AlphaQuest LLC now owns 2,357 shares of the real estate investment trust’s stock valued at $81,000 after buying an additional 2,347 shares during the last quarter. GAMMA Investing LLC lifted its stake in shares of LTC Properties by 35.3% in the fourth quarter. GAMMA Investing LLC now owns 2,443 shares of the real estate investment trust’s stock worth $84,000 after acquiring an additional 638 shares during the period. PNC Financial Services Group Inc. increased its position in LTC Properties by 28.5% during the 4th quarter. PNC Financial Services Group Inc. now owns 2,546 shares of the real estate investment trust’s stock valued at $88,000 after purchasing an additional 565 shares during the period. FMR LLC raised its holdings in LTC Properties by 132.7% during the 3rd quarter. FMR LLC now owns 2,899 shares of the real estate investment trust’s stock worth $106,000 after purchasing an additional 1,653 shares during the last quarter. Finally, Mutual of America Capital Management LLC lifted its position in shares of LTC Properties by 4.8% in the 4th quarter. Mutual of America Capital Management LLC now owns 6,856 shares of the real estate investment trust’s stock worth $237,000 after purchasing an additional 314 shares during the period. 69.25% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several research firms have recently weighed in on LTC. Citizens Jmp upgraded shares of LTC Properties from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, January 7th. Wells Fargo & Company lowered their price objective on LTC Properties from $38.00 to $36.00 and set an “equal weight” rating for the company in a research report on Monday, March 10th. Finally, JMP Securities upgraded LTC Properties from a “market perform” rating to an “outperform” rating and set a $40.00 target price on the stock in a research report on Tuesday, January 7th.

LTC Properties Price Performance

Shares of NYSE LTC opened at $35.07 on Tuesday. The firm has a market capitalization of $1.59 billion, a P/E ratio of 15.05 and a beta of 0.96. The firm’s 50-day moving average price is $34.85 and its 200-day moving average price is $36.01. The company has a current ratio of 11.60, a quick ratio of 11.60 and a debt-to-equity ratio of 0.75. LTC Properties, Inc. has a 1-year low of $31.14 and a 1-year high of $39.89.

LTC Properties (NYSE:LTC) last posted its quarterly earnings results on Monday, February 24th. The real estate investment trust reported $0.72 earnings per share for the quarter, topping analysts’ consensus estimates of $0.65 by $0.07. LTC Properties had a return on equity of 10.49% and a net margin of 48.77%. The business had revenue of $34.81 million for the quarter, compared to the consensus estimate of $45.25 million. Equities research analysts anticipate that LTC Properties, Inc. will post 2.79 earnings per share for the current fiscal year.

LTC Properties Dividend Announcement

The firm also recently declared a jan 25 dividend, which will be paid on Monday, March 31st. Shareholders of record on Friday, March 21st will be paid a dividend of $0.19 per share. The ex-dividend date of this dividend is Friday, March 21st. This represents a yield of 6.45%. LTC Properties’s dividend payout ratio (DPR) is presently 111.22%.

LTC Properties Profile

LTC Properties, Inc is a real estate investment trust, which engages in managing seniors housing and health care properties. It operates through the Texas, Michigan, Florida, Wisconsin, Colorado, and Remaining States geographic segments. The company was founded by Andre C. Dimitriadis on May 12, 1992 and is headquartered in Westlake Village, CA.