New Age Alpha Advisors LLC Takes Position in LTC Properties, Inc. (NYSE:LTC)

New Age Alpha Advisors LLC purchased a new position in shares of LTC Properties, Inc. (NYSE:LTC) during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund purchased 25,971 shares of the real estate investment trust’s stock, valued at approximately $897,000. New Age Alpha Advisors LLC owned 0.06% of LTC Properties as of its most recent SEC filing.

Other large investors have also recently added to or reduced their stakes in the company. Strategic Financial Concepts LLC increased its position in LTC Properties by 3,358.4% during the 4th quarter. Strategic Financial Concepts LLC now owns 658,026 shares of the real estate investment trust’s stock worth $22,735,000 after purchasing an additional 638,999 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lifted its holdings in shares of LTC Properties by 312.3% in the 3rd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 332,173 shares of the real estate investment trust’s stock valued at $12,187,000 after buying an additional 251,609 shares during the period. State Street Corp grew its holdings in LTC Properties by 5.8% during the third quarter. State Street Corp now owns 3,305,037 shares of the real estate investment trust’s stock worth $121,262,000 after acquiring an additional 181,973 shares during the period. Norges Bank acquired a new position in LTC Properties during the fourth quarter worth $5,000,000. Finally, JPMorgan Chase & Co. grew its holdings in LTC Properties by 80.4% during the third quarter. JPMorgan Chase & Co. now owns 253,807 shares of the real estate investment trust’s stock worth $9,312,000 after acquiring an additional 113,100 shares during the period. 69.25% of the stock is owned by hedge funds and other institutional investors.

LTC Properties Price Performance

LTC Properties stock opened at $35.48 on Tuesday. The firm has a market capitalization of $1.61 billion, a PE ratio of 15.23 and a beta of 0.96. LTC Properties, Inc. has a 52 week low of $31.14 and a 52 week high of $39.89. The firm’s 50-day simple moving average is $34.89 and its 200 day simple moving average is $35.95. 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 (NYSE:LTC) last announced its quarterly earnings results on Monday, February 24th. The real estate investment trust reported $0.72 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.65 by $0.07. LTC Properties had a net margin of 48.77% and a return on equity of 10.49%. The company had revenue of $34.81 million for the quarter, compared to the consensus estimate of $45.25 million. On average, equities research analysts predict that LTC Properties, Inc. will post 2.79 EPS for the current fiscal year.

LTC Properties Announces Dividend

The business also recently declared a jan 25 dividend, which was paid on Monday, March 31st. Shareholders of record on Friday, March 21st were given a dividend of $0.19 per share. This represents a yield of 6.45%. The ex-dividend date was Friday, March 21st. LTC Properties’s payout ratio is 111.22%.

Wall Street Analysts Forecast Growth

Several brokerages have commented on LTC. Wells Fargo & Company decreased their target price on shares of LTC Properties from $38.00 to $36.00 and set an “equal weight” rating on the stock in a research report on Monday, March 10th. Citizens Jmp raised shares of LTC Properties from a “hold” rating to a “strong-buy” rating in a report on Tuesday, January 7th. Finally, JMP Securities raised LTC Properties from a “market perform” rating to an “outperform” rating and set a $40.00 price target on the stock in a research note on Tuesday, January 7th.

LTC Properties Profile

LTC Properties, Inc is a real estate investment trust, which engages in managing seniors housing and health care properties. It operates through the Texas, Michigan, Florida, Wisconsin, Colorado, and Remaining States geographic segments. The company was founded by Andre C. Dimitriadis on May 12, 1992 and is headquartered in Westlake Village, CA.