Crossmark Global Holdings Inc. purchased a new position in LTC Properties, Inc. (NYSE:LTC) during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund purchased 112,009 shares of the real estate investment trust’s stock, valued at approximately $5,262,000. Crossmark Global Holdings Inc. owned approximately 0.28% of LTC Properties as of its most recent SEC filing.

Other hedge funds also recently made changes to their positions in the company. Summit Global Investments lifted its stake in LTC Properties by 30.8% in the 2nd quarter. Summit Global Investments now owns 10,200 shares of the real estate investment trust’s stock worth $524,000 after purchasing an additional 2,400 shares in the last quarter. BNP Paribas Arbitrage SA lifted its stake in LTC Properties by 20.1% in the 2nd quarter. BNP Paribas Arbitrage SA now owns 26,031 shares of the real estate investment trust’s stock worth $1,338,000 after purchasing an additional 4,349 shares in the last quarter. AXA lifted its stake in LTC Properties by 57.4% in the 2nd quarter. AXA now owns 82,265 shares of the real estate investment trust’s stock worth $4,228,000 after purchasing an additional 30,000 shares in the last quarter. Renaissance Technologies LLC purchased a new stake in LTC Properties in the 1st quarter worth $1,068,000. Finally, Bank of America Corp DE lifted its stake in LTC Properties by 25.7% in the 1st quarter. Bank of America Corp DE now owns 192,960 shares of the real estate investment trust’s stock worth $9,243,000 after purchasing an additional 39,397 shares in the last quarter. Institutional investors and hedge funds own 81.48% of the company’s stock.

LTC Properties (NYSE:LTC) last posted its quarterly earnings results on Wednesday, August 9th. The real estate investment trust reported $0.79 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.78 by $0.01. The firm had revenue of $42.47 million for the quarter, compared to the consensus estimate of $35.08 million. LTC Properties had a net margin of 53.36% and a return on equity of 11.99%.

The firm also recently declared a monthly dividend, which will be paid on Thursday, November 30th. Stockholders of record on Wednesday, November 22nd will be paid a $0.19 dividend. This represents a $2.28 annualized dividend and a dividend yield of 4.90%. The ex-dividend date is Tuesday, November 21st. LTC Properties’s dividend payout ratio is currently 100.00%.

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Several brokerages have commented on LTC. Royal Bank Of Canada reiterated a “hold” rating and issued a $48.00 price target on shares of LTC Properties in a research note on Monday, October 23rd. BMO Capital Markets restated a “sell” rating and set a $44.00 target price on shares of LTC Properties in a research report on Wednesday, October 18th. Zacks Investment Research upgraded shares of LTC Properties from a “sell” rating to a “hold” rating in a research report on Wednesday, October 18th. KeyCorp restated a “hold” rating on shares of LTC Properties in a research report on Tuesday, October 17th. Finally, Capital One Financial Corporation initiated coverage on shares of LTC Properties in a research report on Monday, September 25th. They set an “overweight” rating and a $50.00 target price on the stock. One research analyst has rated the stock with a sell rating, eight have issued a hold rating and three have issued a buy rating to the company’s stock. The company presently has an average rating of “Hold” and an average target price of $50.17.

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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