BNP Paribas Financial Markets Has $342,000 Stock Position in LTC Properties, Inc. (NYSE:LTC)

BNP Paribas Financial Markets lifted its stake in shares of LTC Properties, Inc. (NYSE:LTC) by 4.1% during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 9,906 shares of the real estate investment trust’s stock after purchasing an additional 392 shares during the period. BNP Paribas Financial Markets’ holdings in LTC Properties were worth $342,000 at the end of the most recent quarter.

Several other large investors also recently made changes to their positions in LTC. AlphaQuest LLC lifted its stake in LTC Properties by 23,470.0% in the 4th quarter. AlphaQuest LLC now owns 2,357 shares of the real estate investment trust’s stock valued at $81,000 after purchasing an additional 2,347 shares during the last quarter. PNC Financial Services Group Inc. raised its stake in LTC Properties by 28.5% in the fourth quarter. PNC Financial Services Group Inc. now owns 2,546 shares of the real estate investment trust’s stock valued at $88,000 after buying an additional 565 shares during the period. Summit Investment Advisors Inc. lifted its position in shares of LTC Properties by 7.5% in the fourth quarter. Summit Investment Advisors Inc. now owns 4,678 shares of the real estate investment trust’s stock valued at $162,000 after buying an additional 327 shares during the last quarter. Mutual of America Capital Management LLC boosted its stake in shares of LTC Properties by 4.8% during the 4th quarter. Mutual of America Capital Management LLC now owns 6,856 shares of the real estate investment trust’s stock worth $237,000 after acquiring an additional 314 shares during the period. Finally, Los Angeles Capital Management LLC bought a new position in shares of LTC Properties during the 4th quarter worth approximately $250,000. Institutional investors and hedge funds own 69.25% of the company’s stock.

Analysts Set New Price Targets

A number of equities research analysts recently weighed in on the company. Royal Bank of Canada restated a “sector perform” rating and issued a $36.00 price target on shares of LTC Properties in a research note on Monday, May 19th. Wells Fargo & Company decreased their price objective on shares of LTC Properties from $38.00 to $36.00 and set an “equal weight” rating on the stock in a report on Monday, March 10th. Two analysts have rated the stock with a hold rating, two have issued a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $38.00.

LTC Properties Trading Up 1.2%

Shares of NYSE:LTC opened at $35.26 on Tuesday. LTC Properties, Inc. has a 12-month low of $31.70 and a 12-month high of $39.89. The business has a 50 day moving average of $35.14 and a 200-day moving average of $35.50. 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 stock has a market cap of $1.62 billion, a PE ratio of 15.13 and a beta of 0.68.

LTC Properties (NYSE:LTC) last released its quarterly earnings results on Monday, May 5th. The real estate investment trust reported $0.65 earnings per share for the quarter, missing the consensus estimate of $0.66 by ($0.01). LTC Properties had a return on equity of 10.49% and a net margin of 48.77%. The firm had revenue of $49.03 million for the quarter, compared to analyst estimates of $44.43 million. During the same period in the previous year, the business posted $0.69 earnings per share. The business’s revenue for the quarter was down 4.5% on a year-over-year basis. As a group, equities research analysts forecast that LTC Properties, Inc. will post 2.79 earnings per share for the current year.

LTC Properties Announces Dividend

The firm also recently announced a dividend, which will be paid on Friday, May 30th. Stockholders of record on Friday, May 23rd will be given a $0.19 dividend. The ex-dividend date of this dividend is Thursday, May 22nd. This represents a dividend yield of 6.31%. LTC Properties’s payout ratio is presently 117.53%.

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.