LTC Properties, Inc. (NYSE:LTC) Stake Lowered by Nisa Investment Advisors LLC
Nisa Investment Advisors LLC cut its position in LTC Properties, Inc. (NYSE:LTC) by 7.6% during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 80,030 shares of the real estate investment trust’s stock after selling 6,620 shares during the period. Nisa Investment Advisors LLC owned about 0.20% of LTC Properties worth $4,048,000 as of its most recent SEC filing.
A number of other institutional investors have also modified their holdings of LTC. Exane Derivatives raised its position in shares of LTC Properties by 168,437.5% in the second quarter. Exane Derivatives now owns 13,483 shares of the real estate investment trust’s stock valued at $693,000 after buying an additional 13,475 shares during the period. Eqis Capital Management Inc. raised its position in shares of LTC Properties by 6.4% in the second quarter. Eqis Capital Management Inc. now owns 11,684 shares of the real estate investment trust’s stock valued at $600,000 after buying an additional 704 shares during the period. State of Alaska Department of Revenue increased its stake in LTC Properties by 9.6% in the second quarter. State of Alaska Department of Revenue now owns 27,892 shares of the real estate investment trust’s stock valued at $1,432,000 after buying an additional 2,432 shares in the last quarter. Bank of Montreal Can increased its stake in LTC Properties by 9.9% in the second quarter. Bank of Montreal Can now owns 38,511 shares of the real estate investment trust’s stock valued at $1,978,000 after buying an additional 3,476 shares in the last quarter. Finally, Capstone Asset Management Co. increased its stake in LTC Properties by 1.5% in the second quarter. Capstone Asset Management Co. now owns 112,528 shares of the real estate investment trust’s stock valued at $5,783,000 after buying an additional 1,631 shares in the last quarter. 83.33% of the stock is currently owned by hedge funds and other institutional investors.
Shares of LTC Properties, Inc. (LTC) traded down 1.57% during trading on Friday, hitting $47.11. The stock had a trading volume of 210,515 shares. The stock has a 50 day moving average of $50.26 and a 200 day moving average of $48.51. The company has a market cap of $1.86 billion, a PE ratio of 20.71 and a beta of 0.12. LTC Properties, Inc. has a 12 month low of $43.17 and a 12 month high of $54.20.
LTC Properties (NYSE:LTC) last announced its quarterly earnings results on Wednesday, August 9th. The real estate investment trust reported $0.79 earnings per share for the quarter, beating analysts’ consensus estimates of $0.78 by $0.01. LTC Properties had a net margin of 53.36% and a return on equity of 11.99%. The firm had revenue of $42.47 million during the quarter, compared to analysts’ expectations of $35.08 million. Equities analysts forecast that LTC Properties, Inc. will post $2.18 EPS for the current fiscal year.
The business also recently declared a monthly dividend, which will be paid on Thursday, August 31st. Investors of record on Wednesday, August 23rd will be given a $0.19 dividend. The ex-dividend date of this dividend is Monday, August 21st. This represents a $2.28 dividend on an annualized basis and a yield of 4.84%. LTC Properties’s dividend payout ratio (DPR) is presently 100.00%.
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Several equities research analysts recently issued reports on the company. BMO Capital Markets downgraded LTC Properties from a “market perform” rating to an “underperform” rating and reduced their price objective for the company from $50.00 to $44.00 in a research note on Friday, August 11th. BidaskClub cut LTC Properties from a “hold” rating to a “sell” rating in a research report on Saturday, August 12th. Stifel Nicolaus set a $46.00 price target on LTC Properties and gave the company a “hold” rating in a research report on Sunday, August 13th. Royal Bank Of Canada reaffirmed a “hold” rating and set a $50.00 price target on shares of LTC Properties in a research report on Tuesday, May 23rd. Finally, Zacks Investment Research raised LTC Properties from a “sell” rating to a “hold” rating in a report on Wednesday, May 17th. Three equities research analysts have rated the stock with a sell rating, five have assigned a hold rating and two have issued a buy rating to the company’s stock. LTC Properties presently has an average rating of “Hold” and a consensus price target of $50.60.
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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