Oregon Public Employees Retirement Fund Acquires 400 Shares of LTC Properties, Inc. (NYSE:LTC)

Oregon Public Employees Retirement Fund lifted its holdings in shares of LTC Properties, Inc. (NYSE:LTC) by 3.9% in the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 10,638 shares of the real estate investment trust’s stock after acquiring an additional 400 shares during the quarter. Oregon Public Employees Retirement Fund’s holdings in LTC Properties were worth $368,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the business. State Street Corp raised its holdings in shares of LTC Properties by 5.8% during the third quarter. State Street Corp now owns 3,305,037 shares of the real estate investment trust’s stock valued at $121,262,000 after acquiring an additional 181,973 shares in the last quarter. Geode Capital Management LLC raised its holdings in shares of LTC Properties by 0.7% during the third quarter. Geode Capital Management LLC now owns 1,125,020 shares of the real estate investment trust’s stock valued at $41,284,000 after acquiring an additional 8,351 shares in the last quarter. Bank of New York Mellon Corp raised its holdings in shares of LTC Properties by 6.1% during the fourth quarter. Bank of New York Mellon Corp now owns 962,651 shares of the real estate investment trust’s stock valued at $33,260,000 after acquiring an additional 55,254 shares in the last quarter. Charles Schwab Investment Management Inc. raised its holdings in shares of LTC Properties by 4.2% during the third quarter. Charles Schwab Investment Management Inc. now owns 754,512 shares of the real estate investment trust’s stock valued at $27,683,000 after acquiring an additional 30,422 shares in the last quarter. Finally, Strategic Financial Concepts LLC raised its holdings in shares of LTC Properties by 3,358.4% during the fourth quarter. Strategic Financial Concepts LLC now owns 658,026 shares of the real estate investment trust’s stock valued at $22,735,000 after acquiring an additional 638,999 shares in the last quarter. Institutional investors own 69.25% of the company’s stock.

LTC Properties Price Performance

LTC opened at $34.89 on Monday. LTC Properties, Inc. has a 12-month low of $31.14 and a 12-month high of $39.89. The company has a market cap of $1.58 billion, a price-to-earnings ratio of 14.97 and a beta of 0.93. The stock has a fifty day simple moving average of $34.43 and a two-hundred day simple moving average of $36.09. 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 (NYSE:LTC) last released its earnings results on Monday, February 24th. The real estate investment trust reported $0.72 EPS 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 firm had revenue of $34.81 million for the quarter, compared to analysts’ expectations of $45.25 million. Research analysts predict that LTC Properties, Inc. will post 2.79 earnings per share for the current fiscal year.

LTC Properties Dividend Announcement

The business also recently announced a jan 25 dividend, which will be paid on Monday, March 31st. Stockholders of record on Friday, March 21st will be paid a $0.19 dividend. The ex-dividend date is Friday, March 21st. This represents a dividend yield of 6.45%. LTC Properties’s dividend payout ratio is currently 111.22%.

Insider Transactions at LTC Properties

In other LTC Properties news, Director David L. Gruber acquired 3,000 shares of the company’s stock in a transaction that occurred on Wednesday, December 11th. The shares were bought at an average cost of $37.16 per share, with a total value of $111,480.00. Following the completion of the transaction, the director now directly owns 21,516 shares of the company’s stock, valued at approximately $799,534.56. This represents a 16.20 % increase in their position. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders own 2.00% of the company’s stock.

Analysts Set New Price Targets

LTC has been the subject of a number of research reports. Citizens Jmp upgraded LTC Properties from a “hold” rating to a “strong-buy” rating in a report on Tuesday, January 7th. JMP Securities upgraded LTC Properties from a “market perform” rating to an “outperform” rating and set a $40.00 price objective for the company in a report on Tuesday, January 7th.

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.