Cambridge Investment Research Advisors Inc. Makes New $200,000 Investment in LTC Properties, Inc. (NYSE:LTC)

Cambridge Investment Research Advisors Inc. acquired a new stake in shares of LTC Properties, Inc. (NYSE:LTC) during the first quarter, according to its most recent disclosure with the SEC. The fund acquired 5,643 shares of the real estate investment trust’s stock, valued at approximately $200,000.

Other large investors have also recently made changes to their positions in the company. QRG Capital Management Inc. raised its stake in LTC Properties by 15.9% during the 1st quarter. QRG Capital Management Inc. now owns 8,571 shares of the real estate investment trust’s stock worth $304,000 after acquiring an additional 1,177 shares during the period. Exchange Traded Concepts LLC increased its stake in shares of LTC Properties by 4.4% in the first quarter. Exchange Traded Concepts LLC now owns 50,552 shares of the real estate investment trust’s stock worth $1,792,000 after purchasing an additional 2,122 shares in the last quarter. RFG Advisory LLC purchased a new stake in shares of LTC Properties in the first quarter worth $291,000. GAMMA Investing LLC raised its position in shares of LTC Properties by 3,445.0% during the 1st quarter. GAMMA Investing LLC now owns 86,604 shares of the real estate investment trust’s stock valued at $3,070,000 after purchasing an additional 84,161 shares during the period. Finally, GF Fund Management CO. LTD. purchased a new position in shares of LTC Properties during the 4th quarter valued at $27,000. 69.25% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

LTC has been the subject of several recent analyst reports. Royal Bank Of Canada reaffirmed a “sector perform” rating and issued a $36.00 target price on shares of LTC Properties in a report on Monday, May 19th. Wedbush raised LTC Properties to a “strong-buy” rating in a research note on Wednesday, July 2nd. Two research analysts have rated the stock with a hold rating, one has assigned a buy rating and two have issued a strong buy rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of “Buy” and an average target price of $38.00.

Insiders Place Their Bets

In other news, EVP David M. Boitano acquired 6,000 shares of LTC Properties stock in a transaction on Friday, June 27th. The shares were acquired at an average price of $34.71 per share, with a total value of $208,260.00. Following the purchase, the executive vice president directly owned 15,626 shares in the company, valued at $542,378.46. The trade was a 62.33% increase in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. 2.10% of the stock is owned by corporate insiders.

LTC Properties Price Performance

LTC stock opened at $35.66 on Tuesday. The company has a debt-to-equity ratio of 0.65, a quick ratio of 10.55 and a current ratio of 10.55. The company’s fifty day moving average price is $35.26 and its 200-day moving average price is $34.95. LTC Properties, Inc. has a one year low of $31.70 and a one year high of $39.89. The company has a market capitalization of $1.64 billion, a PE ratio of 18.38 and a beta of 0.65.

LTC Properties (NYSE:LTC) last announced its quarterly 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). LTC Properties had a return on equity of 8.48% and a net margin of 42.16%. The company had revenue of $49.03 million during the quarter, compared to analysts’ expectations of $44.43 million. During the same quarter in the previous year, the firm earned $0.69 EPS. The firm’s revenue for the quarter was down 4.5% compared to the same quarter last year. On average, equities analysts anticipate that LTC Properties, Inc. will post 2.79 EPS for the current fiscal year.

LTC Properties Dividend Announcement

The company also recently declared a monthly dividend, which will be paid on Tuesday, September 30th. Investors of record on Monday, September 22nd will be paid a dividend of $0.19 per share. This represents a $2.28 dividend on an annualized basis and a yield of 6.39%. The ex-dividend date is Monday, September 22nd. LTC Properties’s payout ratio 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.