LTC Properties, Inc. (NYSE:LTC) Shares Sold by IQ EQ FUND MANAGEMENT IRELAND Ltd

IQ EQ FUND MANAGEMENT IRELAND Ltd cut its holdings in shares of LTC Properties, Inc. (NYSE:LTC) by 12.0% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 31,465 shares of the real estate investment trust’s stock after selling 4,302 shares during the period. IQ EQ FUND MANAGEMENT IRELAND Ltd’s holdings in LTC Properties were worth $1,087,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the business. AlphaQuest LLC lifted its stake in shares of LTC Properties by 23,470.0% during the fourth quarter. AlphaQuest LLC now owns 2,357 shares of the real estate investment trust’s stock worth $81,000 after buying an additional 2,347 shares during the period. GAMMA Investing LLC lifted its holdings in shares of LTC Properties by 35.3% in the 4th quarter. GAMMA Investing LLC now owns 2,443 shares of the real estate investment trust’s stock valued at $84,000 after buying an additional 638 shares during the period. PNC Financial Services Group Inc. grew its holdings in LTC Properties by 28.5% during the fourth quarter. PNC Financial Services Group Inc. now owns 2,546 shares of the real estate investment trust’s stock worth $88,000 after acquiring an additional 565 shares during the period. FMR LLC raised its position in LTC Properties by 132.7% during the third quarter. FMR LLC now owns 2,899 shares of the real estate investment trust’s stock valued at $106,000 after acquiring an additional 1,653 shares in the last quarter. Finally, Mutual of America Capital Management LLC lifted its holdings in LTC Properties by 4.8% in the fourth quarter. Mutual of America Capital Management LLC now owns 6,856 shares of the real estate investment trust’s stock valued at $237,000 after acquiring an additional 314 shares during the period. 69.25% of the stock is currently owned by hedge funds and other institutional investors.

LTC Properties Stock Down 0.2 %

Shares of LTC opened at $34.89 on Friday. The firm has a market cap of $1.59 billion, a P/E ratio of 14.97 and a beta of 0.96. LTC Properties, Inc. has a 12 month low of $31.14 and a 12 month high of $39.89. The stock’s 50 day moving average is $34.87 and its two-hundred day moving average is $35.99. The company has a current ratio of 11.60, a quick ratio of 11.60 and a debt-to-equity ratio of 0.75.

LTC Properties (NYSE:LTC) last released its quarterly earnings results on Monday, February 24th. The real estate investment trust reported $0.72 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.65 by $0.07. The firm had revenue of $34.81 million for 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%. Analysts predict that LTC Properties, Inc. will post 2.79 earnings per share for the current fiscal year.

LTC Properties Dividend Announcement

The business also recently declared a jan 25 dividend, which will be paid on Monday, March 31st. Investors 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 dividend payout ratio (DPR) is presently 111.22%.

Wall Street Analyst Weigh In

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

About LTC Properties

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.