LTC Properties Inc (LTC) Holdings Lifted by Trillium Asset Management LLC

Trillium Asset Management LLC raised its holdings in LTC Properties Inc (NYSE:LTC) by 5.9% during the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 45,117 shares of the real estate investment trust’s stock after acquiring an additional 2,513 shares during the period. Trillium Asset Management LLC’s holdings in LTC Properties were worth $2,066,000 at the end of the most recent quarter.

A number of other institutional investors have also added to or reduced their stakes in the business. Everence Capital Management Inc. bought a new position in LTC Properties in the first quarter valued at about $209,000. Cetera Advisor Networks LLC grew its position in LTC Properties by 2.8% in the first quarter. Cetera Advisor Networks LLC now owns 11,728 shares of the real estate investment trust’s stock valued at $536,000 after acquiring an additional 317 shares during the last quarter. California Public Employees Retirement System grew its position in LTC Properties by 11.7% in the first quarter. California Public Employees Retirement System now owns 64,003 shares of the real estate investment trust’s stock valued at $2,931,000 after acquiring an additional 6,701 shares during the last quarter. Crossmark Global Holdings Inc. grew its position in LTC Properties by 0.8% in the first quarter. Crossmark Global Holdings Inc. now owns 119,042 shares of the real estate investment trust’s stock valued at $5,452,000 after acquiring an additional 953 shares during the last quarter. Finally, Texas Permanent School Fund grew its position in LTC Properties by 3.9% in the first quarter. Texas Permanent School Fund now owns 26,965 shares of the real estate investment trust’s stock valued at $1,235,000 after acquiring an additional 1,014 shares during the last quarter. Hedge funds and other institutional investors own 76.39% of the company’s stock.

A number of research analysts have issued reports on LTC shares. ValuEngine upgraded LTC Properties from a “hold” rating to a “buy” rating in a research report on Friday, February 8th. Zacks Investment Research upgraded LTC Properties from a “hold” rating to a “buy” rating and set a $53.00 target price on the stock in a research report on Wednesday, February 13th. Two analysts have rated the stock with a sell rating, three have given a hold rating and one has given a buy rating to the company. The stock presently has an average rating of “Hold” and a consensus target price of $44.40.

Shares of LTC stock traded up $0.10 during mid-day trading on Friday, reaching $45.99. 314 shares of the stock traded hands, compared to its average volume of 189,576. LTC Properties Inc has a 1-year low of $38.62 and a 1-year high of $48.13. The firm has a market capitalization of $1.82 billion, a price-to-earnings ratio of 14.98, a PEG ratio of 3.80 and a beta of 0.47. 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 (NYSE:LTC) last announced its quarterly earnings results on Thursday, May 9th. The real estate investment trust reported $0.51 EPS for the quarter, missing the Zacks’ consensus estimate of $0.74 by ($0.23). LTC Properties had a net margin of 95.25% and a return on equity of 19.07%. The firm had revenue of $28.02 million for the quarter, compared to analyst estimates of $33.02 million. On average, sell-side analysts predict that LTC Properties Inc will post 3.02 earnings per share for the current fiscal year.

The company also recently declared a monthly dividend, which will be paid on Friday, June 28th. Stockholders of record on Thursday, June 20th will be paid a dividend of $0.19 per share. This represents a $2.28 dividend on an annualized basis and a dividend yield of 4.96%. The ex-dividend date of this dividend is Wednesday, June 19th. LTC Properties’s payout ratio is 74.51%.

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

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