LTC Properties, Inc. (LTC) Position Lessened by Schroder Investment Management Group

Schroder Investment Management Group decreased its position in shares of LTC Properties, Inc. (NYSE:LTC) by 17.1% during the 2nd quarter, according to its most recent disclosure with the SEC. The firm owned 99,461 shares of the real estate investment trust’s stock after selling 20,500 shares during the period. Schroder Investment Management Group owned 0.25% of LTC Properties worth $5,115,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently made changes to their positions in LTC. ProShare Advisors LLC lifted its stake in shares of LTC Properties by 180.0% during the first quarter. ProShare Advisors LLC now owns 19,396 shares of the real estate investment trust’s stock valued at $252,000 after buying an additional 12,470 shares during the period. Daiwa Securities Group Inc. lifted its stake in shares of LTC Properties by 39.1% during the first quarter. Daiwa Securities Group Inc. now owns 3,200 shares of the real estate investment trust’s stock valued at $153,000 after buying an additional 900 shares during the period. US Bancorp DE lifted its stake in shares of LTC Properties by 1.9% during the first quarter. US Bancorp DE now owns 24,048 shares of the real estate investment trust’s stock valued at $1,152,000 after buying an additional 438 shares during the period. Bank of New York Mellon Corp lifted its stake in shares of LTC Properties by 3.9% during the first quarter. Bank of New York Mellon Corp now owns 680,524 shares of the real estate investment trust’s stock valued at $32,596,000 after buying an additional 25,486 shares during the period. Finally, BNP Paribas Arbitrage SA lifted its stake in shares of LTC Properties by 4.2% during the first quarter. BNP Paribas Arbitrage SA now owns 21,682 shares of the real estate investment trust’s stock valued at $1,039,000 after buying an additional 878 shares during the period. 81.48% of the stock is currently owned by institutional investors and hedge funds.

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LTC Properties, Inc. (LTC) opened at 47.60 on Wednesday. LTC Properties, Inc. has a 12 month low of $43.17 and a 12 month high of $53.08. The firm has a market cap of $1.88 billion, a price-to-earnings ratio of 20.92 and a beta of 0.15. The company’s 50-day moving average is $48.71 and its 200 day moving average is $48.79.

LTC Properties (NYSE:LTC) last announced its earnings results on Wednesday, August 9th. The real estate investment trust reported $0.79 EPS for the quarter, topping the consensus estimate of $0.78 by $0.01. LTC Properties had a net margin of 53.36% and a return on equity of 11.99%. The company had revenue of $42.47 million during the quarter, compared to analysts’ expectations of $35.08 million. On average, equities research analysts predict that LTC Properties, Inc. will post $2.18 earnings per share for the current year.

The company also recently announced a monthly dividend, which was paid on Thursday, August 31st. Shareholders of record on Wednesday, August 23rd were issued a $0.19 dividend. This represents a $2.28 annualized dividend and a dividend yield of 4.79%. The ex-dividend date of this dividend was Monday, August 21st. LTC Properties’s payout ratio is 100.00%.

Several equities analysts recently issued reports on LTC shares. BidaskClub raised shares of LTC Properties from a “hold” rating to a “buy” rating in a research note on Wednesday, June 28th. Zacks Investment Research raised shares of LTC Properties from a “sell” rating to a “hold” rating in a research note on Thursday, September 14th. Stifel Nicolaus reissued a “hold” rating and set a $50.00 price objective on shares of LTC Properties in a research note on Friday, July 28th. Royal Bank Of Canada reissued a “hold” rating and set a $50.00 price objective on shares of LTC Properties in a research note on Tuesday, June 27th. Finally, KeyCorp reissued a “hold” rating on shares of LTC Properties in a research note on Sunday. One analyst has rated the stock with a sell rating, eight have given a hold rating and two have given a buy rating to the company’s stock. The company presently has an average rating of “Hold” and a consensus price target of $50.60.

About LTC Properties

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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Institutional Ownership by Quarter for LTC Properties (NYSE:LTC)

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