Public Sector Pension Investment Board Has $6.61 Million Holdings in LTC Properties, Inc. $LTC

Public Sector Pension Investment Board grew its holdings in LTC Properties, Inc. (NYSE:LTC) by 14.5% during the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 179,198 shares of the real estate investment trust’s stock after purchasing an additional 22,627 shares during the period. Public Sector Pension Investment Board owned about 0.39% of LTC Properties worth $6,605,000 as of its most recent SEC filing.

Other institutional investors have also made changes to their positions in the company. Royal Bank of Canada lifted its position in LTC Properties by 37.7% in the 1st quarter. Royal Bank of Canada now owns 21,344 shares of the real estate investment trust’s stock worth $757,000 after buying an additional 5,840 shares in the last quarter. AQR Capital Management LLC increased its stake in shares of LTC Properties by 2.8% in the first quarter. AQR Capital Management LLC now owns 29,259 shares of the real estate investment trust’s stock worth $1,037,000 after acquiring an additional 806 shares during the last quarter. Stratos Wealth Partners LTD. raised its holdings in shares of LTC Properties by 13.4% during the second quarter. Stratos Wealth Partners LTD. now owns 7,520 shares of the real estate investment trust’s stock worth $260,000 after acquiring an additional 887 shares in the last quarter. VIRGINIA RETIREMENT SYSTEMS ET Al acquired a new stake in LTC Properties during the second quarter valued at $1,845,000. Finally, Asset Management One Co. Ltd. boosted its position in LTC Properties by 3.7% during the second quarter. Asset Management One Co. Ltd. now owns 128,954 shares of the real estate investment trust’s stock valued at $4,463,000 after purchasing an additional 4,642 shares during the last quarter. 69.25% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several research analysts have weighed in on the company. Wells Fargo & Company upped their target price on LTC Properties from $36.00 to $37.00 and gave the stock an “equal weight” rating in a research report on Tuesday, November 25th. Cantor Fitzgerald set a $36.00 price target on LTC Properties in a research note on Monday, January 5th. Weiss Ratings restated a “hold (c)” rating on shares of LTC Properties in a report on Monday, December 29th. Finally, Royal Bank Of Canada lifted their target price on shares of LTC Properties from $37.00 to $38.00 and gave the company a “sector perform” rating in a research note on Monday, November 10th. One analyst has rated the stock with a Strong Buy rating, one has given a Buy rating and five have issued a Hold rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of “Hold” and an average price target of $38.60.

LTC Properties Stock Performance

Shares of NYSE LTC opened at $39.06 on Thursday. The business’s 50-day simple moving average is $36.08 and its 200-day simple moving average is $35.86. The company has a debt-to-equity ratio of 0.90, a quick ratio of 8.68 and a current ratio of 8.68. LTC Properties, Inc. has a 52 week low of $31.70 and a 52 week high of $40.05. The firm has a market cap of $1.86 billion, a price-to-earnings ratio of 54.25 and a beta of 0.62.

LTC Properties Announces Dividend

The company also recently disclosed a monthly dividend, which will be paid on Tuesday, March 31st. Investors of record on Monday, March 23rd will be issued a dividend of $0.19 per share. This represents a c) annualized dividend and a dividend yield of 5.8%. The ex-dividend date of this dividend is Monday, March 23rd. LTC Properties’s dividend payout ratio is currently 316.67%.

Insider Transactions at LTC Properties

In other news, EVP David M. Boitano purchased 10,000 shares of the firm’s stock in a transaction on Wednesday, December 31st. The stock was bought at an average cost of $34.44 per share, for a total transaction of $344,400.00. Following the completion of the acquisition, the executive vice president directly owned 25,626 shares of the company’s stock, valued at approximately $882,559.44. The trade was a 64.00% increase in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders own 2.10% of the company’s stock.

About LTC Properties

LTC Properties, Inc (NYSE: LTC) is a real estate investment trust that specializes in financing and investing in long-term health care properties. The company focuses on providing capital to operators of senior housing and health care facilities through sale-leaseback transactions, mortgage financings and structured finance arrangements. Its portfolio primarily comprises skilled nursing facilities, assisted living communities and memory care centers.

Since its founding in 1992, LTC Properties has built a diversified portfolio of properties located across the United States.