DekaBank Deutsche Girozentrale Increases Holdings in LTC Properties, Inc. (NYSE:LTC)

DekaBank Deutsche Girozentrale boosted its stake in shares of LTC Properties, Inc. (NYSE:LTC) by 11.0% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 66,318 shares of the real estate investment trust’s stock after acquiring an additional 6,565 shares during the quarter. DekaBank Deutsche Girozentrale owned 0.16% of LTC Properties worth $2,180,000 at the end of the most recent reporting period.

A number of other large investors also recently bought and sold shares of LTC. American Century Companies Inc. lifted its holdings in LTC Properties by 10.5% in the first quarter. American Century Companies Inc. now owns 12,341 shares of the real estate investment trust’s stock valued at $475,000 after acquiring an additional 1,174 shares during the period. Cetera Advisor Networks LLC acquired a new position in LTC Properties in the first quarter valued at approximately $247,000. PNC Financial Services Group Inc. lifted its holdings in LTC Properties by 32.4% in the first quarter. PNC Financial Services Group Inc. now owns 4,152 shares of the real estate investment trust’s stock valued at $159,000 after acquiring an additional 1,016 shares during the period. MetLife Investment Management LLC lifted its holdings in LTC Properties by 35.7% in the first quarter. MetLife Investment Management LLC now owns 20,498 shares of the real estate investment trust’s stock valued at $789,000 after acquiring an additional 5,390 shares during the period. Finally, Rhumbline Advisers lifted its holdings in LTC Properties by 2.7% in the first quarter. Rhumbline Advisers now owns 121,285 shares of the real estate investment trust’s stock valued at $4,666,000 after acquiring an additional 3,154 shares during the period. 69.25% of the stock is owned by institutional investors and hedge funds.

LTC Properties Stock Down 1.0 %

Shares of LTC opened at $31.62 on Friday. The company has a debt-to-equity ratio of 0.97, a quick ratio of 13.29 and a current ratio of 13.29. LTC Properties, Inc. has a one year low of $30.30 and a one year high of $35.72. The stock has a market capitalization of $1.36 billion, a price-to-earnings ratio of 14.64 and a beta of 0.87. The stock has a 50 day moving average price of $31.81 and a 200 day moving average price of $32.09.

LTC Properties Announces Dividend

The company also recently declared a monthly dividend, which will be paid on Friday, June 28th. Investors of record on Thursday, June 20th will be given a dividend of $0.19 per share. This represents a $2.28 annualized dividend and a dividend yield of 7.21%. The ex-dividend date of this dividend is Thursday, June 20th. LTC Properties’s payout ratio is 105.56%.

Analysts Set New Price Targets

Separately, Deutsche Bank Aktiengesellschaft began coverage on LTC Properties in a research report on Tuesday, January 30th. They issued a “hold” rating and a $34.00 price objective for the company. Five analysts have rated the stock with a hold rating and two have issued a buy rating to the company’s stock. According to MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus price target of $34.13.

Insider Buying and Selling

In related news, Director Timothy Triche sold 3,082 shares of the business’s stock in a transaction that occurred on Tuesday, April 2nd. The stock was sold at an average price of $31.67, for a total transaction of $97,606.94. Following the completion of the sale, the director now directly owns 36,343 shares in the company, valued at $1,150,982.81. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. 2.00% of the stock is owned by company insiders.

LTC Properties Company Profile

LTC is a real estate investment trust (REIT) investing in seniors housing and health care properties primarily through sale-leasebacks, mortgage financing, joint-ventures and structured finance solutions including preferred equity and mezzanine lending. LTC's investment portfolio includes 201 properties in 26 states with 29 operating partners.