LTC Properties, Inc. (NYSE:LTC) Stock Holdings Boosted by Mirae Asset Global Investments Co. Ltd.

Mirae Asset Global Investments Co. Ltd. raised its position in shares of LTC Properties, Inc. (NYSE:LTC) by 35.0% in the third quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 1,687 shares of the real estate investment trust’s stock after purchasing an additional 437 shares during the quarter. Mirae Asset Global Investments Co. Ltd.’s holdings in LTC Properties were worth $62,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Vanguard Group Inc. boosted its stake in LTC Properties by 1.4% during 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 purchasing an additional 91,963 shares in the last quarter. Strategic Financial Concepts LLC boosted its stake in LTC Properties by 3,401.1% during the 2nd 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 in the last quarter. Dimensional Fund Advisors LP boosted its stake in shares of LTC Properties by 5.5% during the 2nd quarter. Dimensional Fund Advisors LP now owns 613,935 shares of the real estate investment trust’s stock worth $21,180,000 after acquiring an additional 31,980 shares in the last quarter. Rhumbline Advisers boosted its stake in shares of LTC Properties by 3.3% during the 2nd quarter. Rhumbline Advisers now owns 142,896 shares of the real estate investment trust’s stock worth $4,930,000 after acquiring an additional 4,516 shares in the last quarter. Finally, Millennium Management LLC boosted its stake in shares of LTC Properties by 33.7% during the 2nd quarter. Millennium Management LLC now owns 111,188 shares of the real estate investment trust’s stock worth $3,836,000 after acquiring an additional 28,039 shares in the last quarter. 69.25% of the stock is owned by institutional investors.

LTC Properties Stock Performance

Shares of LTC Properties stock opened at $37.94 on Wednesday. The stock has a market cap of $1.72 billion, a PE ratio of 16.28 and a beta of 0.90. The business has a fifty day simple moving average of $36.59 and a 200-day simple moving average of $35.40. The company has a quick ratio of 11.60, a current ratio of 11.60 and a debt-to-equity ratio of 0.75. LTC Properties, Inc. has a 12 month low of $30.30 and a 12 month high of $39.64.

LTC Properties (NYSE:LTC) last issued its earnings results on Monday, October 28th. The real estate investment trust reported $0.66 EPS for the quarter, missing the consensus estimate of $0.71 by ($0.05). The business had revenue of $55.78 million during the quarter, compared to analyst estimates of $35.45 million. LTC Properties had a return on equity of 10.49% and a net margin of 48.77%. The business’s quarterly revenue was up 13.1% on a year-over-year basis. During the same period last year, the business earned $0.65 EPS. On average, sell-side analysts anticipate that LTC Properties, Inc. will post 2.74 EPS for the current fiscal year.

LTC Properties Dividend Announcement

The firm also recently announced a monthly dividend, which will be paid on Friday, November 29th. Stockholders of record on Thursday, November 21st will be given a $0.19 dividend. The ex-dividend date is Thursday, November 21st. This represents a $2.28 annualized dividend and a dividend yield of 6.01%. LTC Properties’s dividend payout ratio (DPR) is presently 97.85%.

Insider Transactions at LTC Properties

In other news, Director Timothy Triche sold 5,000 shares of the firm’s stock in a transaction on Friday, August 30th. The stock was sold at an average price of $36.45, for a total value of $182,250.00. Following the completion of the sale, the director now owns 34,522 shares of the company’s stock, valued at $1,258,326.90. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at this link. 2.00% of the stock is currently owned by insiders.

Wall Street Analysts Forecast Growth

LTC has been the subject of several research reports. Wells Fargo & Company reissued an “equal weight” rating and set a $37.00 price objective (up from $36.00) on shares of LTC Properties in a research note on Tuesday, October 1st. Wedbush reissued an “outperform” rating and set a $40.00 price objective on shares of LTC Properties in a research note on Friday, September 20th.

LTC Properties Company Profile

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.