Charles Schwab Investment Management Inc. Increases Stock Position in LTC Properties, Inc. (NYSE:LTC)

Charles Schwab Investment Management Inc. raised its holdings in LTC Properties, Inc. (NYSE:LTC) by 9.0% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 822,724 shares of the real estate investment trust’s stock after purchasing an additional 68,212 shares during the quarter. Charles Schwab Investment Management Inc.’s holdings in LTC Properties were worth $28,425,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors also recently added to or reduced their stakes in the company. Strategic Financial Concepts LLC boosted its stake in shares of 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 acquiring an additional 638,999 shares in the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted its stake in shares of LTC Properties by 312.3% during 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 worth $12,187,000 after acquiring an additional 251,609 shares in the last quarter. State Street Corp boosted its stake in shares of LTC Properties by 5.8% during the 3rd 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 in the last quarter. JPMorgan Chase & Co. boosted its stake in shares of LTC Properties by 80.4% during the 3rd 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 in the last quarter. Finally, Two Sigma Advisers LP boosted its stake in shares of LTC Properties by 33.1% during the 3rd quarter. Two Sigma Advisers LP now owns 313,100 shares of the real estate investment trust’s stock worth $11,488,000 after acquiring an additional 77,900 shares in the last quarter. Hedge funds and other institutional investors own 69.25% of the company’s stock.

LTC Properties Trading Up 0.0 %

LTC stock opened at $35.97 on Tuesday. The company has a market cap of $1.63 billion, a price-to-earnings ratio of 15.44 and a beta of 0.96. The company has a quick ratio of 11.60, a current ratio of 11.60 and a debt-to-equity ratio of 0.75. The business has a fifty day simple moving average of $34.68 and a 200-day simple moving average of $36.07. LTC Properties, Inc. has a 52 week low of $31.14 and a 52 week high of $39.89.

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 for the quarter, topping analysts’ consensus estimates of $0.65 by $0.07. The firm had revenue of $34.81 million during the quarter, compared to analysts’ expectations of $45.25 million. LTC Properties had a net margin of 48.77% and a return on equity of 10.49%. On average, equities research analysts expect that LTC Properties, Inc. will post 2.79 EPS for the current year.

LTC Properties Dividend Announcement

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

Wall Street Analysts Forecast Growth

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

LTC Properties Company 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.