Swiss National Bank Increases Position in LTC Properties, Inc. (NYSE:LTC)

Swiss National Bank grew its holdings in LTC Properties, Inc. (NYSE:LTC – Get Rating) by 4.5% in the fourth quarter, according to its most recent disclosure with the SEC. The fund owned 97,762 shares of the real estate investment trust’s stock after buying an additional 4,200 shares during the period. Swiss National Bank owned 0.24% of LTC Properties worth $3,473,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also made changes to their positions in the company. SRS Capital Advisors Inc. acquired a new position in shares of LTC Properties during the third quarter worth about $39,000. Quadrant Capital Group LLC grew its position in LTC Properties by 282.1% during the third quarter. Quadrant Capital Group LLC now owns 1,047 shares of the real estate investment trust’s stock worth $39,000 after buying an additional 773 shares during the period. Point72 Hong Kong Ltd acquired a new position in LTC Properties during the second quarter worth about $41,000. Rockefeller Capital Management L.P. grew its position in LTC Properties by 1,831.1% during the third quarter. Rockefeller Capital Management L.P. now owns 2,047 shares of the real estate investment trust’s stock worth $75,000 after buying an additional 1,941 shares during the period. Finally, Tower Research Capital LLC TRC grew its position in LTC Properties by 59.1% during the third quarter. Tower Research Capital LLC TRC now owns 2,340 shares of the real estate investment trust’s stock worth $87,000 after buying an additional 869 shares during the period. 72.68% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several research analysts have weighed in on the stock. Barclays lowered their target price on shares of LTC Properties from $35.00 to $34.00 in a research report on Wednesday, May 3rd. Royal Bank of Canada upped their target price on shares of LTC Properties from $37.00 to $40.00 and gave the stock an “outperform” rating in a research report on Wednesday, March 1st. VNET Group reiterated a “maintains” rating on shares of LTC Properties in a research report on Wednesday, May 3rd. Credit Suisse Group lowered their price target on shares of LTC Properties from $37.00 to $36.00 and set a “neutral” rating on the stock in a research report on Monday, April 3rd. Finally, Stifel Nicolaus lowered their price target on shares of LTC Properties from $40.00 to $36.00 in a research report on Friday, April 28th. One equities research analyst has rated the stock with a sell rating, four have given a hold rating and three have issued a buy rating to the company’s stock. Based on data from MarketBeat, the stock has an average rating of “Hold” and an average price target of $38.89.

LTC Properties Stock Down 0.4 %

Shares of LTC Properties stock opened at $32.50 on Monday. The company has a fifty day moving average price of $33.76 and a 200 day moving average price of $36.11. The company has a current ratio of 17.30, a quick ratio of 17.30 and a debt-to-equity ratio of 1.04. LTC Properties, Inc. has a twelve month low of $31.90 and a twelve month high of $45.49. The stock has a market cap of $1.35 billion, a price-to-earnings ratio of 11.13 and a beta of 0.95.

LTC Properties Dividend Announcement

The business also recently announced a monthly dividend, which will be paid on Friday, June 30th. Stockholders of record on Thursday, June 22nd will be paid a $0.19 dividend. The ex-dividend date is Wednesday, June 21st. This represents a $2.28 dividend on an annualized basis and a dividend yield of 7.02%. LTC Properties’s dividend payout ratio (DPR) is presently 78.08%.

LTC Properties Profile

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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.