LTC Properties, Inc. (LTC) Position Boosted by Coldstream Capital Management Inc.
Coldstream Capital Management Inc. raised its holdings in shares of LTC Properties, Inc. (NYSE:LTC) by 8.5% in the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 15,525 shares of the real estate investment trust’s stock after buying an additional 1,220 shares during the quarter. Coldstream Capital Management Inc.’s holdings in LTC Properties were worth $798,000 as of its most recent filing with the Securities & Exchange Commission.
A number of other institutional investors have also bought and sold shares of LTC. PNC Financial Services Group Inc. grew its position in LTC Properties by 12.8% during the second quarter. PNC Financial Services Group Inc. now owns 2,037 shares of the real estate investment trust’s stock worth $105,000 after buying an additional 231 shares in the last quarter. Zurcher Kantonalbank Zurich Cantonalbank grew its position in LTC Properties by 12.7% during the first quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 2,266 shares of the real estate investment trust’s stock worth $109,000 after buying an additional 256 shares in the last quarter. Ameritas Investment Partners Inc. purchased a new position in LTC Properties during the first quarter worth about $156,000. Riverhead Capital Management LLC grew its position in LTC Properties by 91.5% during the second quarter. Riverhead Capital Management LLC now owns 3,064 shares of the real estate investment trust’s stock worth $157,000 after buying an additional 1,464 shares in the last quarter. Finally, Daiwa Securities Group Inc. grew its position in LTC Properties by 9.4% during the second quarter. Daiwa Securities Group Inc. now owns 3,500 shares of the real estate investment trust’s stock worth $180,000 after buying an additional 300 shares in the last quarter. Institutional investors and hedge funds own 81.48% of the company’s stock.
LTC has been the subject of several recent analyst reports. Mizuho restated a “neutral” rating on shares of LTC Properties in a research report on Wednesday, June 28th. Royal Bank Of Canada restated a “hold” rating and set a $50.00 target price on shares of LTC Properties in a research report on Tuesday, June 27th. Zacks Investment Research cut LTC Properties from a “hold” rating to a “sell” rating in a research report on Tuesday, August 1st. Stifel Nicolaus restated a “hold” rating and set a $50.00 target price on shares of LTC Properties in a research report on Friday, July 28th. Finally, BidaskClub upgraded LTC Properties from a “hold” rating to a “buy” rating in a research report on Wednesday, June 28th. One research analyst has rated the stock with a sell rating, eight have issued a hold rating and three have given a buy rating to the stock. The stock presently has an average rating of “Hold” and an average price target of $50.50.
LTC Properties, Inc. (NYSE LTC) traded up 0.19% during trading on Monday, hitting $47.01. The stock had a trading volume of 67,266 shares. LTC Properties, Inc. has a 52-week low of $43.17 and a 52-week high of $52.85. The firm has a market cap of $1.86 billion, a P/E ratio of 20.66 and a beta of 0.16. The company has a 50-day moving average of $47.84 and a 200 day moving average of $48.84.
LTC Properties (NYSE:LTC) last issued its quarterly earnings data on Wednesday, August 9th. The real estate investment trust reported $0.79 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.78 by $0.01. The firm had revenue of $42.47 million during the quarter, compared to analyst estimates of $35.08 million. LTC Properties had a return on equity of 11.99% and a net margin of 53.36%. On average, equities research analysts predict that LTC Properties, Inc. will post $2.18 earnings per share for the current fiscal year.
The company also recently disclosed a monthly dividend, which will be paid on Thursday, November 30th. Stockholders of record on Wednesday, November 22nd will be given a dividend of $0.19 per share. The ex-dividend date of this dividend is Tuesday, November 21st. This represents a $2.28 dividend on an annualized basis and a dividend yield of 4.86%. LTC Properties’s payout ratio is 100.00%.
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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