Macquarie Group Ltd. Acquires 2,500 Shares of LTC Properties, Inc. (LTC)

Macquarie Group Ltd. grew its holdings in LTC Properties, Inc. (NYSE:LTC) by 18.3% in the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 16,125 shares of the real estate investment trust’s stock after buying an additional 2,500 shares during the period. Macquarie Group Ltd.’s holdings in LTC Properties were worth $200,000 as of its most recent filing with the Securities & Exchange Commission.

Several other large investors have also modified their holdings of the business. First National Bank of Omaha boosted its stake in shares of LTC Properties by 6.7% during the 4th quarter. First National Bank of Omaha now owns 66,624 shares of the real estate investment trust’s stock worth $2,901,000 after purchasing an additional 4,200 shares during the period. Janus Henderson Group PLC boosted its stake in shares of LTC Properties by 19.5% during the 3rd quarter. Janus Henderson Group PLC now owns 208,565 shares of the real estate investment trust’s stock worth $9,797,000 after purchasing an additional 33,964 shares during the period. Schwab Charles Investment Management Inc. boosted its stake in shares of LTC Properties by 7.4% during the 3rd quarter. Schwab Charles Investment Management Inc. now owns 396,873 shares of the real estate investment trust’s stock worth $18,646,000 after purchasing an additional 27,398 shares during the period. RMR Advisors LLC boosted its stake in shares of LTC Properties by 53.4% during the 4th quarter. RMR Advisors LLC now owns 75,021 shares of the real estate investment trust’s stock worth $3,267,000 after purchasing an additional 26,124 shares during the period. Finally, Texas Yale Capital Corp. boosted its stake in shares of LTC Properties by 27.0% during the 4th quarter. Texas Yale Capital Corp. now owns 7,173 shares of the real estate investment trust’s stock worth $312,000 after purchasing an additional 1,527 shares during the period. 80.14% of the stock is owned by institutional investors and hedge funds.

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A number of equities analysts recently commented on the stock. Zacks Investment Research raised shares of LTC Properties from a “hold” rating to a “buy” rating and set a $47.00 price target for the company in a research note on Thursday, January 11th. ValuEngine cut shares of LTC Properties from a “buy” rating to a “hold” rating in a research note on Friday, February 2nd. TheStreet cut shares of LTC Properties from a “b-” rating to a “c+” rating in a research note on Tuesday, February 27th. Cantor Fitzgerald reaffirmed a “buy” rating and set a $52.00 price target on shares of LTC Properties in a research note on Thursday, March 1st. Finally, BMO Capital Markets set a $39.00 price target on shares of LTC Properties and gave the stock a “sell” rating in a research note on Monday, March 26th. One analyst has rated the stock with a sell rating, eight have given a hold rating and three have assigned a buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and an average target price of $46.25.

LTC Properties stock opened at $36.82 on Tuesday. The stock has a market capitalization of $1,445.26, a price-to-earnings ratio of 11.88, a P/E/G ratio of 3.01 and a beta of 0.11. The company has a debt-to-equity ratio of 0.88, a current ratio of 8.25 and a quick ratio of 8.25. LTC Properties, Inc. has a 1 year low of $36.10 and a 1 year high of $52.85.

LTC Properties (NYSE:LTC) last released its quarterly earnings data on Thursday, March 1st. The real estate investment trust reported $0.50 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.75 by ($0.25). The company had revenue of $41.73 million during the quarter, compared to analysts’ expectations of $33.28 million. LTC Properties had a net margin of 51.86% and a return on equity of 11.52%. research analysts expect that LTC Properties, Inc. will post 3.03 earnings per share for the current fiscal year.

The business also recently disclosed a monthly dividend, which will be paid on Friday, June 29th. Shareholders of record on Thursday, June 21st will be given a $0.19 dividend. The ex-dividend date of this dividend is Wednesday, June 20th. This represents a $2.28 annualized dividend and a yield of 6.19%. LTC Properties’s dividend payout ratio (DPR) is 73.55%.

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About LTC Properties

LTC is a self-administered real estate investment trust that primarily invests in seniors housing and health care properties primarily through sale-leaseback transactions, mortgage financing and structured finance solutions including mezzanine lending. At December 31, 2017, LTC had 202 investments located in 29 states comprising 105 assisted living communities, 96 skilled nursing centers and 1 behavioral health care hospital.

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

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