LTC Properties Inc (NYSE:LTC) Position Raised by Tributary Capital Management LLC

Tributary Capital Management LLC grew its position in shares of LTC Properties Inc (NYSE:LTC) by 14.0% during the first quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 446,616 shares of the real estate investment trust’s stock after purchasing an additional 54,821 shares during the period. LTC Properties makes up about 1.5% of Tributary Capital Management LLC’s investment portfolio, making the stock its 25th largest position. Tributary Capital Management LLC owned approximately 1.12% of LTC Properties worth $20,455,000 at the end of the most recent reporting period.

Several other hedge funds also recently added to or reduced their stakes in the company. We Are One Seven LLC bought a new stake in LTC Properties in the fourth quarter worth about $27,000. Quantamental Technologies LLC bought a new stake in LTC Properties in the fourth quarter worth about $28,000. Macroview Investment Management LLC bought a new stake in LTC Properties in the fourth quarter worth about $33,000. Massey Quick Simon & CO. LLC bought a new stake in LTC Properties in the first quarter worth about $34,000. Finally, Dubuque Bank & Trust Co. raised its position in LTC Properties by 665.0% in the fourth quarter. Dubuque Bank & Trust Co. now owns 1,224 shares of the real estate investment trust’s stock worth $51,000 after acquiring an additional 1,064 shares in the last quarter. 77.12% of the stock is owned by institutional investors and hedge funds.

NYSE:LTC opened at $45.25 on Friday. The stock has a market cap of $1.78 billion, a price-to-earnings ratio of 14.79, a price-to-earnings-growth ratio of 3.81 and a beta of 0.47. LTC Properties Inc has a fifty-two week low of $38.22 and a fifty-two week high of $48.13. The company has a debt-to-equity ratio of 0.77, a quick ratio of 9.97 and a current ratio of 9.97.

The business also recently announced a monthly dividend, which will be paid on Friday, June 28th. Investors of record on Thursday, June 20th will be issued a $0.19 dividend. The ex-dividend date is Wednesday, June 19th. This represents a $2.28 annualized dividend and a yield of 5.04%. LTC Properties’s dividend payout ratio (DPR) is currently 74.51%.

LTC has been the topic of a number of analyst reports. Zacks Investment Research raised LTC Properties from a “hold” rating to a “buy” rating and set a $53.00 price target on the stock in a research note on Wednesday, February 13th. ValuEngine raised LTC Properties from a “hold” rating to a “buy” rating in a research note on Friday, February 8th. Three analysts have rated the stock with a sell rating, two have assigned a hold rating and one has assigned a buy rating to the company. LTC Properties presently has a consensus rating of “Hold” and an average 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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