LTC Properties Inc (NYSE:LTC) Position Increased by Sigma Planning Corp
Sigma Planning Corp raised its holdings in shares of LTC Properties Inc (NYSE:LTC) by 10.8% in the second quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 6,624 shares of the real estate investment trust’s stock after buying an additional 645 shares during the period. Sigma Planning Corp’s holdings in LTC Properties were worth $302,000 as of its most recent SEC filing.
A number of other large investors have also modified their holdings of the stock. BlackRock Inc. boosted its holdings in LTC Properties by 0.7% during the first quarter. BlackRock Inc. now owns 6,947,378 shares of the real estate investment trust’s stock worth $318,191,000 after buying an additional 47,476 shares in the last quarter. Geode Capital Management LLC boosted its stake in LTC Properties by 6.2% in the 4th quarter. Geode Capital Management LLC now owns 531,273 shares of the real estate investment trust’s stock worth $22,143,000 after purchasing an additional 31,098 shares during the period. First Trust Advisors LP boosted its stake in LTC Properties by 118.0% in the 2nd quarter. First Trust Advisors LP now owns 119,889 shares of the real estate investment trust’s stock worth $5,474,000 after purchasing an additional 64,898 shares during the period. Crossmark Global Holdings Inc. boosted its stake in LTC Properties by 0.8% in the 1st quarter. Crossmark Global Holdings Inc. now owns 119,042 shares of the real estate investment trust’s stock worth $5,452,000 after purchasing an additional 953 shares during the period. Finally, Tocqueville Asset Management L.P. boosted its stake in LTC Properties by 1.5% in the 2nd quarter. Tocqueville Asset Management L.P. now owns 93,755 shares of the real estate investment trust’s stock worth $4,281,000 after purchasing an additional 1,364 shares during the period. Hedge funds and other institutional investors own 76.24% of the company’s stock.
A number of research firms recently commented on LTC. Credit Suisse Group began coverage on shares of LTC Properties in a research note on Wednesday, July 10th. They issued an “underperform” rating and a $19.00 price objective for the company. Zacks Investment Research lowered shares of LTC Properties from a “buy” rating to a “hold” rating in a research note on Thursday, August 1st. Three investment analysts have rated the stock with a sell rating and two have issued a hold rating to the company’s stock. The company currently has a consensus rating of “Sell” and an average target price of $38.00.
LTC Properties stock opened at $49.28 on Thursday. The company has a 50 day moving average price of $47.08 and a 200 day moving average price of $45.88. LTC Properties Inc has a 52 week low of $40.11 and a 52 week high of $49.53. The company has a debt-to-equity ratio of 0.86, a quick ratio of 9.57 and a current ratio of 9.57. The firm has a market capitalization of $1.95 billion, a price-to-earnings ratio of 16.10, a P/E/G ratio of 4.04 and a beta of 0.44.
LTC Properties (NYSE:LTC) last posted its quarterly earnings data on Thursday, August 8th. The real estate investment trust reported $0.51 EPS for the quarter, missing analysts’ consensus estimates of $0.76 by ($0.25). The firm had revenue of $38.28 million during the quarter, compared to analyst estimates of $30.54 million. LTC Properties had a return on equity of 13.18% and a net margin of 63.58%. Equities analysts forecast that LTC Properties Inc will post 3.03 earnings per share for the current fiscal year.
The business also recently announced a dividend, which will be paid on Friday, August 30th. Shareholders of record on Thursday, August 22nd will be paid a dividend of $0.19 per share. The ex-dividend date of this dividend is Wednesday, August 21st. LTC Properties’s dividend payout ratio (DPR) is currently 74.51%.
About LTC Properties
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.
Further Reading: What are the economic characteristics of a bear market?
Want to see what other hedge funds are holding LTC? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for LTC Properties Inc (NYSE:LTC).
Receive News & Ratings for LTC Properties Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for LTC Properties and related companies with MarketBeat.com's FREE daily email newsletter.