American Century Companies Inc. Has $578,000 Position in LTC Properties, Inc. (NYSE:LTC)

American Century Companies Inc. boosted its holdings in shares of LTC Properties, Inc. (NYSE:LTC) by 8.2% in the second quarter, according to its most recent filing with the SEC. The firm owned 16,763 shares of the real estate investment trust’s stock after acquiring an additional 1,265 shares during the period. American Century Companies Inc.’s holdings in LTC Properties were worth $578,000 as of its most recent filing with the SEC.

A number of other large investors also recently made changes to their positions in the stock. Strategic Financial Concepts LLC increased its holdings in LTC Properties by 3,401.1% in the second quarter. Strategic Financial Concepts LLC now owns 673,369 shares of the real estate investment trust’s stock valued at $232,000 after purchasing an additional 654,136 shares during the last quarter. Norges Bank acquired a new position in shares of LTC Properties during the 4th quarter worth about $8,609,000. Vanguard Group Inc. increased its stake in shares of LTC Properties by 1.4% in the 1st quarter. Vanguard Group Inc. now owns 6,695,390 shares of the real estate investment trust’s stock valued at $217,667,000 after acquiring an additional 91,963 shares during the last quarter. Waterloo Capital L.P. acquired a new stake in shares of LTC Properties in the 4th quarter valued at approximately $1,519,000. Finally, IQ EQ FUND MANAGEMENT IRELAND Ltd boosted its stake in LTC Properties by 180.4% during the 2nd quarter. IQ EQ FUND MANAGEMENT IRELAND Ltd now owns 47,034 shares of the real estate investment trust’s stock worth $1,623,000 after acquiring an additional 30,258 shares during the last quarter. Institutional investors and hedge funds own 69.25% of the company’s stock.

Insiders Place Their Bets

In other news, Director Timothy Triche sold 5,000 shares of the business’s stock in a transaction dated Friday, August 30th. The stock was sold at an average price of $36.45, for a total value of $182,250.00. Following the sale, the director now directly owns 34,522 shares in the company, valued at $1,258,326.90. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. In other news, Director Timothy Triche sold 5,000 shares of the firm’s stock in a transaction that occurred on Friday, August 30th. The shares were sold at an average price of $36.45, for a total transaction of $182,250.00. Following the completion of the transaction, the director now directly owns 34,522 shares of the company’s stock, valued at approximately $1,258,326.90. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director David L. Gruber acquired 6,000 shares of the stock in a transaction dated Friday, August 2nd. The stock was acquired at an average price of $35.75 per share, for a total transaction of $214,500.00. Following the completion of the acquisition, the director now directly owns 18,412 shares of the company’s stock, valued at $658,229. The disclosure for this purchase can be found here. Corporate insiders own 2.00% of the company’s stock.

LTC Properties Price Performance

Shares of LTC opened at $36.19 on Thursday. The stock has a 50 day simple moving average of $36.48 and a 200 day simple moving average of $34.65. LTC Properties, Inc. has a 52-week low of $30.30 and a 52-week high of $38.28. The company has a debt-to-equity ratio of 0.88, a quick ratio of 11.29 and a current ratio of 11.29. The firm has a market capitalization of $1.57 billion, a PE ratio of 18.85 and a beta of 0.91.

LTC Properties (NYSE:LTC) last released its quarterly earnings results on Monday, July 29th. The real estate investment trust reported $0.44 earnings per share for the quarter, missing the consensus estimate of $0.66 by ($0.22). LTC Properties had a net margin of 46.78% and a return on equity of 10.22%. The company had revenue of $50.12 million during the quarter, compared to analyst estimates of $33.47 million. During the same quarter last year, the company earned $0.66 EPS. The firm’s quarterly revenue was up 3.9% compared to the same quarter last year. Sell-side analysts predict that LTC Properties, Inc. will post 2.69 EPS for the current fiscal year.

LTC Properties Announces Dividend

The business also recently announced a monthly dividend, which will be paid on Thursday, October 31st. Investors of record on Wednesday, October 23rd will be paid a $0.19 dividend. This represents a $2.28 dividend on an annualized basis and a yield of 6.30%. The ex-dividend date is Wednesday, October 23rd. LTC Properties’s payout ratio is presently 118.75%.

Analyst Ratings Changes

Several equities research analysts have weighed in on LTC shares. Wells Fargo & Company reiterated an “equal weight” rating and issued a $37.00 target price (up from $36.00) on shares of LTC Properties in a report on Tuesday. Wedbush reaffirmed an “outperform” rating and set a $40.00 price objective on shares of LTC Properties in a research note on Friday, September 20th.

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's investment portfolio includes 201 properties in 26 states with 29 operating partners.