Texas Permanent School Fund Has $1.09 Million Holdings in LTC Properties, Inc. (NYSE:LTC)

Texas Permanent School Fund boosted its holdings in shares of LTC Properties, Inc. (NYSE:LTCGet Rating) by 2.1% during the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 29,133 shares of the real estate investment trust’s stock after buying an additional 611 shares during the quarter. Texas Permanent School Fund owned approximately 0.07% of LTC Properties worth $1,091,000 at the end of the most recent reporting period.

Other institutional investors have also recently bought and sold shares of the company. Private Trust Co. NA increased its position in LTC Properties by 585.2% during the third quarter. Private Trust Co. NA now owns 740 shares of the real estate investment trust’s stock worth $28,000 after buying an additional 632 shares during the last quarter. Point72 Hong Kong Ltd acquired a new position in shares of LTC Properties in the second quarter valued at approximately $41,000. Mitsubishi UFJ Trust & Banking Corp grew its position in shares of LTC Properties by 60.1% in the second quarter. Mitsubishi UFJ Trust & Banking Corp now owns 1,258 shares of the real estate investment trust’s stock valued at $48,000 after purchasing an additional 472 shares during the last quarter. Private Capital Group LLC grew its position in shares of LTC Properties by 37.9% in the second quarter. Private Capital Group LLC now owns 1,583 shares of the real estate investment trust’s stock valued at $61,000 after purchasing an additional 435 shares during the last quarter. Finally, Newbridge Financial Services Group Inc. acquired a new position in shares of LTC Properties in the third quarter valued at approximately $64,000. Institutional investors and hedge funds own 72.68% of the company’s stock.

LTC Properties Trading Down 0.6 %

Shares of NYSE:LTC opened at $37.23 on Friday. The company has a market capitalization of $1.51 billion, a P/E ratio of 15.78 and a beta of 0.92. LTC Properties, Inc. has a 1 year low of $32.23 and a 1 year high of $45.49. The company has a debt-to-equity ratio of 0.96, a current ratio of 15.57 and a quick ratio of 15.57. The business’s 50 day simple moving average is $37.77 and its 200 day simple moving average is $39.57.

LTC Properties Announces Dividend

The business also recently declared a monthly dividend, which will be paid on Friday, March 31st. Investors of record on Thursday, March 23rd will be given a dividend of $0.19 per share. This represents a $2.28 dividend on an annualized basis and a yield of 6.12%. The ex-dividend date of this dividend is Wednesday, March 22nd. LTC Properties’s dividend payout ratio is currently 96.61%.

Insider Buying and Selling

In other LTC Properties news, CAO Caroline Chikhale sold 5,000 shares of the company’s stock in a transaction on Wednesday, December 7th. The stock was sold at an average price of $39.46, for a total transaction of $197,300.00. Following the completion of the sale, the chief accounting officer now directly owns 39,338 shares in the company, valued at $1,552,277.48. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 2.20% of the stock is currently owned by company insiders.

Analyst Ratings Changes

Several research firms have recently commented on LTC. BMO Capital Markets downgraded LTC Properties from a “market perform” rating to an “underperform” rating and set a $38.00 target price on the stock. in a research report on Friday, December 16th. StockNews.com downgraded LTC Properties from a “buy” rating to a “hold” rating in a research report on Friday, October 7th. Finally, Royal Bank of Canada decreased their target price on LTC Properties from $44.00 to $40.00 and set a “sector perform” rating on the stock in a research report on Monday, November 7th. Two equities research analysts have rated the stock with a sell rating, four have given a hold rating and two have issued a buy rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average price target of $40.14.

LTC Properties Company Profile

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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 holds 181 investments in 27 states with 29 operating partners.

See Also

Institutional Ownership by Quarter for LTC Properties (NYSE:LTC)

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