LTC Properties, Inc. (NYSE:LTC) Position Boosted by Mason Street Advisors LLC

Mason Street Advisors LLC raised its position in LTC Properties, Inc. (NYSE:LTC) by 8.0% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 9,256 shares of the real estate investment trust’s stock after buying an additional 685 shares during the period. Mason Street Advisors LLC’s holdings in LTC Properties were worth $443,000 as of its most recent filing with the SEC.

A number of other institutional investors have also recently modified their holdings of the stock. Ameritas Investment Partners Inc. acquired a new stake in shares of LTC Properties during the first quarter valued at $156,000. Raymond James Financial Services Advisors Inc. purchased a new stake in LTC Properties during the first quarter worth approximately $226,000. Dean Investment Associates LLC purchased a new stake in LTC Properties during the first quarter worth approximately $6,539,000. Friedberg Investment Management boosted its stake in LTC Properties by 16.5% in the first quarter. Friedberg Investment Management now owns 37,910 shares of the real estate investment trust’s stock worth $1,815,000 after buying an additional 5,380 shares during the last quarter. Finally, Coldstream Capital Management Inc. boosted its stake in LTC Properties by 9.3% in the first quarter. Coldstream Capital Management Inc. now owns 14,305 shares of the real estate investment trust’s stock worth $685,000 after buying an additional 1,213 shares during the last quarter. Institutional investors own 82.92% of the company’s stock.

Shares of LTC Properties, Inc. (LTC) traded up 0.71% on Monday, hitting $51.10. 169,428 shares of the stock traded hands. The stock has a market cap of $2.02 billion, a price-to-earnings ratio of 23.05 and a beta of 0.12. The company’s 50 day moving average is $49.25 and its 200 day moving average is $47.66. LTC Properties, Inc. has a one year low of $43.17 and a one year high of $54.20.

LTC Properties (NYSE:LTC) last issued its quarterly earnings results on Monday, May 8th. The real estate investment trust reported $0.54 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.78 by $0.24. LTC Properties had a net margin of 52.17% and a return on equity of 11.66%. The firm had revenue of $42.62 million for the quarter, compared to analyst estimates of $34.82 million. On average, equities analysts forecast that LTC Properties, Inc. will post $2.21 EPS for the current year.

The business also recently announced a monthly dividend, which will be paid on Thursday, August 31st. Shareholders of record on Wednesday, August 23rd will be paid a $0.19 dividend. This represents a $2.28 annualized dividend and a yield of 4.46%. The ex-dividend date of this dividend is Monday, August 21st. LTC Properties’s payout ratio is 102.70%.

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LTC has been the subject of a number of research analyst reports. Hilliard Lyons raised shares of LTC Properties from an “underperform” rating to a “neutral” rating in a report on Wednesday, May 10th. Royal Bank Of Canada restated a “hold” rating and set a $50.00 price target on shares of LTC Properties in a research report on Tuesday, May 23rd. Zacks Investment Research upgraded shares of LTC Properties from a “sell” rating to a “hold” rating in a research report on Thursday, March 23rd. Stifel Nicolaus restated a “hold” rating and issued a $50.00 price objective (down previously from $51.00) on shares of LTC Properties in a report on Tuesday, May 9th. Finally, BMO Capital Markets reiterated a “hold” rating and set a $50.00 price target on shares of LTC Properties in a report on Tuesday, May 9th. Eight research analysts have rated the stock with a hold rating and two have issued a buy rating to the company. The stock currently has an average rating of “Hold” and a consensus price target of $53.43.

LTC Properties Company Profile

LTC Properties Inc is a healthcare real estate investment trust (REIT). The Company invests in senior housing and healthcare properties through sale-leaseback transactions, mortgage financing and structured finance solutions, including mezzanine lending. It invests in various properties, including Skilled nursing facilities (SNF), Assisted living facilities (ALF), Independent living facilities (ILF), Memory care facilities (MC) and Range of care facilities (ROC).

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

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