American Century Companies Inc. Takes $1.87 Million Position in LTC Properties Inc (LTC)

American Century Companies Inc. acquired a new position in shares of LTC Properties Inc (NYSE:LTC) during the 4th quarter, Holdings Channel reports. The firm acquired 44,780 shares of the real estate investment trust’s stock, valued at approximately $1,866,000.

Other institutional investors have also recently added to or reduced their stakes in the company. We Are One Seven LLC acquired a new position in shares of LTC Properties during the 4th quarter worth about $27,000. Quantamental Technologies LLC acquired a new position in LTC Properties in the 4th quarter valued at about $28,000. Macroview Investment Management LLC acquired a new position in LTC Properties in the 4th quarter valued at about $33,000. Dubuque Bank & Trust Co. grew its stake in LTC Properties by 665.0% in the 4th quarter. Dubuque Bank & Trust Co. now owns 1,224 shares of the real estate investment trust’s stock valued at $51,000 after buying an additional 1,064 shares during the last quarter. Finally, Private Capital Group LLC grew its stake in LTC Properties by 28.5% in the 4th quarter. Private Capital Group LLC now owns 1,524 shares of the real estate investment trust’s stock valued at $64,000 after buying an additional 338 shares during the last quarter. Institutional investors own 76.97% of the company’s stock.

A number of research analysts recently commented on the stock. Zacks Investment Research lowered shares of LTC Properties from a “buy” rating to a “hold” rating in a research note on Thursday, February 21st. ValuEngine lowered shares of LTC Properties from a “buy” rating to a “hold” rating in a research note on Monday, February 25th. Two research analysts have rated the stock with a sell rating, three have given a hold rating and one has assigned a buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and a consensus price target of $44.40.

Shares of LTC opened at $44.87 on Wednesday. LTC Properties Inc has a 52 week low of $34.46 and a 52 week high of $48.13. The stock has a market capitalization of $1.83 billion, a P/E ratio of 14.66, a P/E/G ratio of 3.82 and a beta of 0.49. The company has a current ratio of 9.97, a quick ratio of 9.97 and a debt-to-equity ratio of 0.77.

The business also recently declared a monthly dividend, which will be paid on Friday, June 28th. Investors of record on Thursday, June 20th will be paid a $0.19 dividend. The ex-dividend date of this dividend is Wednesday, June 19th. This represents a $2.28 dividend on an annualized basis and a yield of 5.08%. LTC Properties’s dividend payout ratio (DPR) is currently 74.51%.

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About LTC Properties

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 more than 200 investments in 28 states with 30 operating partners.

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

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