LTC Properties, Inc. (LTC) Position Held by Dean Investment Associates LLC
Dean Investment Associates LLC maintained its stake in LTC Properties, Inc. (NYSE:LTC) during the second quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 136,515 shares of the real estate investment trust’s stock at the close of the second quarter. LTC Properties makes up approximately 1.1% of Dean Investment Associates LLC’s holdings, making the stock its 16th biggest holding. Dean Investment Associates LLC owned approximately 0.34% of LTC Properties worth $6,539,000 at the end of the most recent reporting period.
A number of other institutional investors also recently modified their holdings of LTC. Zurcher Kantonalbank Zurich Cantonalbank increased its holdings in LTC Properties by 12.7% in the first quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 2,266 shares of the real estate investment trust’s stock valued at $109,000 after buying an additional 256 shares in the last quarter. Daiwa Securities Group Inc. increased its holdings in LTC Properties by 39.1% in the first quarter. Daiwa Securities Group Inc. now owns 3,200 shares of the real estate investment trust’s stock valued at $153,000 after buying an additional 900 shares in the last quarter. Ameritas Investment Partners Inc. purchased a new position in LTC Properties in the first quarter valued at about $156,000. Riverhead Capital Management LLC increased its holdings in LTC Properties by 91.5% in the second quarter. Riverhead Capital Management LLC now owns 3,064 shares of the real estate investment trust’s stock valued at $157,000 after buying an additional 1,464 shares in the last quarter. Finally, Neuberger Berman Group LLC purchased a new position in LTC Properties in the second quarter valued at about $202,000. 81.37% of the stock is owned by institutional investors.
LTC has been the subject of a number of research analyst reports. Zacks Investment Research raised shares of LTC Properties from a “sell” rating to a “hold” rating in a report on Wednesday, May 17th. Royal Bank Of Canada reaffirmed a “hold” rating and issued a $50.00 target price on shares of LTC Properties in a report on Tuesday, May 23rd. Mizuho reaffirmed a “neutral” rating on shares of LTC Properties in a report on Wednesday, June 28th. BidaskClub raised shares of LTC Properties from a “hold” rating to a “buy” rating in a report on Wednesday, June 28th. Finally, Stifel Nicolaus reaffirmed a “hold” rating and issued a $50.00 target price on shares of LTC Properties in a report on Friday, July 28th. Two analysts have rated the stock with a sell rating, six have assigned a hold rating and two have assigned a buy rating to the company’s stock. The company has a consensus rating of “Hold” and a consensus price target of $50.60.
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Shares of LTC Properties, Inc. (LTC) traded down 0.04% on Wednesday, hitting $48.67. 63,418 shares of the stock were exchanged. The firm’s 50-day moving average is $49.21 and its 200-day moving average is $48.76. LTC Properties, Inc. has a one year low of $43.17 and a one year high of $53.08. The company has a market cap of $1.93 billion, a P/E ratio of 21.39 and a beta of 0.15.
LTC Properties (NYSE:LTC) last released its earnings results on Wednesday, August 9th. The real estate investment trust reported $0.79 EPS for the quarter, beating the consensus estimate of $0.78 by $0.01. LTC Properties had a net margin of 53.36% and a return on equity of 11.99%. The business had revenue of $42.47 million during the quarter, compared to analyst estimates of $35.08 million. On average, equities analysts forecast that LTC Properties, Inc. will post $2.18 EPS for the current fiscal year.
The firm also recently announced a monthly dividend, which was paid on Thursday, August 31st. Investors of record on Wednesday, August 23rd were paid a dividend of $0.19 per share. This represents a $2.28 annualized dividend and a yield of 4.68%. The ex-dividend date was Monday, August 21st. LTC Properties’s dividend payout ratio is presently 100.00%.
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).
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