LTC Properties, Inc. (NYSE:LTC) Shares Sold by Cetera Investment Advisers

Cetera Investment Advisers lowered its position in LTC Properties, Inc. (NYSE:LTC) by 15.2% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 13,187 shares of the real estate investment trust’s stock after selling 2,364 shares during the period. Cetera Investment Advisers’ holdings in LTC Properties were worth $456,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds have also recently added to or reduced their stakes in the company. Vanguard Group Inc. increased its holdings in LTC Properties by 0.6% in the fourth quarter. Vanguard Group Inc. now owns 6,960,934 shares of the real estate investment trust’s stock valued at $240,500,000 after buying an additional 39,470 shares in the last quarter. Geode Capital Management LLC increased its holdings in LTC Properties by 3.7% in the fourth quarter. Geode Capital Management LLC now owns 1,166,601 shares of the real estate investment trust’s stock valued at $40,314,000 after buying an additional 41,581 shares in the last quarter. Bank of New York Mellon Corp increased its holdings in LTC Properties by 6.1% in the fourth quarter. Bank of New York Mellon Corp now owns 962,651 shares of the real estate investment trust’s stock valued at $33,260,000 after buying an additional 55,254 shares in the last quarter. Charles Schwab Investment Management Inc. increased its stake in shares of LTC Properties by 9.0% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 822,724 shares of the real estate investment trust’s stock worth $28,425,000 after purchasing an additional 68,212 shares in the last quarter. Finally, Strategic Financial Concepts LLC increased 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 purchasing an additional 638,999 shares in the last quarter. Institutional investors and hedge funds own 69.25% of the company’s stock.

Analyst Ratings Changes

A number of research analysts have recently weighed in on the stock. Wells Fargo & Company dropped 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 research note on Monday, March 10th. Royal Bank of Canada reissued a “sector perform” rating and set a $36.00 price objective on shares of LTC Properties in a research note on Monday, May 19th. Two investment analysts have rated the stock with a hold rating, two have issued a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average target price of $38.00.

LTC Properties Stock Up 1.1%

LTC stock opened at $35.67 on Wednesday. The stock has a market capitalization of $1.64 billion, a P/E ratio of 15.31 and a beta of 0.68. The company has a debt-to-equity ratio of 0.75, a quick ratio of 11.60 and a current ratio of 11.60. LTC Properties, Inc. has a one year low of $31.70 and a one year high of $39.89. The company has a 50 day moving average price of $35.15 and a two-hundred day moving average price of $35.50.

LTC Properties (NYSE:LTC) last released its earnings results on Monday, May 5th. The real estate investment trust reported $0.65 EPS for the quarter, missing the consensus estimate of $0.66 by ($0.01). The firm had revenue of $49.03 million during the quarter, compared to analysts’ expectations of $44.43 million. LTC Properties had a return on equity of 10.49% and a net margin of 48.77%. The firm’s revenue was down 4.5% on a year-over-year basis. During the same period in the previous year, the firm posted $0.69 earnings per share. As a group, sell-side 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 dividend, which will be paid on Friday, May 30th. Shareholders of record on Friday, May 23rd will be issued a $0.19 dividend. The ex-dividend date is Thursday, May 22nd. This represents a dividend yield of 6.31%. LTC Properties’s dividend payout ratio (DPR) is presently 117.53%.

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.