Bridge City Capital LLC Buys 391 Shares of LTC Properties, Inc. (NYSE:LTC)

Bridge City Capital LLC grew its holdings in shares of LTC Properties, Inc. (NYSE:LTC) by 0.9% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 44,481 shares of the real estate investment trust’s stock after acquiring an additional 391 shares during the quarter. Bridge City Capital LLC’s holdings in LTC Properties were worth $1,537,000 at the end of the most recent quarter.

Several other institutional investors also recently modified their holdings of LTC. Intech Investment Management LLC acquired a new position in shares of LTC Properties during the third quarter worth approximately $679,000. Charles Schwab Investment Management Inc. raised its holdings in LTC Properties by 4.2% during the third quarter. Charles Schwab Investment Management Inc. now owns 754,512 shares of the real estate investment trust’s stock worth $27,683,000 after buying an additional 30,422 shares during the last quarter. Penserra Capital Management LLC lifted its stake in shares of LTC Properties by 22.7% in the third quarter. Penserra Capital Management LLC now owns 28,439 shares of the real estate investment trust’s stock valued at $1,043,000 after buying an additional 5,270 shares in the last quarter. Daiwa Securities Group Inc. grew its holdings in shares of LTC Properties by 6.2% during the third quarter. Daiwa Securities Group Inc. now owns 14,497 shares of the real estate investment trust’s stock valued at $532,000 after buying an additional 849 shares during the last quarter. Finally, Independent Advisor Alliance increased its position in shares of LTC Properties by 2.5% during the third quarter. Independent Advisor Alliance now owns 55,890 shares of the real estate investment trust’s stock worth $2,051,000 after acquiring an additional 1,381 shares in the last quarter. 69.25% of the stock is currently owned by institutional investors and hedge funds.

LTC Properties Trading Down 1.5 %

Shares of LTC stock opened at $34.54 on Friday. LTC Properties, Inc. has a 52-week low of $31.14 and a 52-week high of $39.89. The company has a debt-to-equity ratio of 0.75, a quick ratio of 11.60 and a current ratio of 11.60. The company has a market capitalization of $1.57 billion, a PE ratio of 14.82 and a beta of 0.96. The business’s fifty day moving average is $34.82 and its 200 day moving average is $36.03.

LTC Properties (NYSE:LTC) last issued its quarterly earnings results on Monday, February 24th. The real estate investment trust reported $0.72 EPS for the quarter, beating analysts’ consensus estimates of $0.65 by $0.07. LTC Properties had a net margin of 48.77% and a return on equity of 10.49%. The business had revenue of $34.81 million for the quarter, compared to analysts’ expectations of $45.25 million. On average, equities research analysts anticipate that LTC Properties, Inc. will post 2.79 EPS for the current fiscal year.

LTC Properties Dividend Announcement

The business also recently disclosed a jan 25 dividend, which will be paid on Monday, March 31st. Shareholders of record on Friday, March 21st will be issued a $0.19 dividend. The ex-dividend date of this dividend is Friday, March 21st. This represents a yield of 6.45%. LTC Properties’s dividend payout ratio (DPR) is presently 111.22%.

Analyst Ratings Changes

Several equities analysts recently weighed in on the stock. Citizens Jmp raised shares of LTC Properties from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, January 7th. JMP Securities raised LTC Properties from a “market perform” rating to an “outperform” rating and set a $40.00 price target for the company in a research report on Tuesday, January 7th. Finally, Wells Fargo & Company cut their price objective on shares of LTC Properties from $38.00 to $36.00 and set an “equal weight” rating on the stock in a report on Monday, March 10th.

About LTC Properties

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.